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1 min read
Shah Rukh Khan tops the list: Check out the top 10 highest tax-paying celebrities
Shah Rukh Khan tops the list: Check out the top 10 highest tax-paying celebrities
2 mins read
New Vivad Se Vishwas 2.0 tax resolution scheme to start on Oct 1 — what you need to know
The government has set October 1, 2024, as the launch date for Vivad Se Vishwas 2.0 to address dire…
2 mins read
Finance Ministry should identify high risk taxpayers in GST composition scheme: CAG
The Comptroller and Auditor General (CAG) has asked the Finance Ministry to identify high risk taxp…
PTI
2 mins read
Shah Rukh Khan, Thalapathy Vijay, Salman Khan in list of highest celebrity taxpayers: Fortune India
Fortune India's 'The Star Cast' list is based on advance tax payments by celebrities and places fil…
PTI
1 min read
New York City taxpayers aren't footing the bill for Eric Adams' criminal corruption case
Defense lawyer Alex Spiro, who is representing the New York City mayor, charges over $2,000 per hou…
Jacob Shamsian
1 min read
Provisions of TDS/TCS, in case of death of deductee or collectee relaxed by govt
On April 23, 2024, CBDT extended the date for linking of PAN and Aadhaar May for the taxpayers (for…
ANI
3 mins read
Income Tax department issues warning to taxpayers, asks them to stay safe from ITR Refund scams
There has been an increase in scams targeting Indian taxpayers after the Income Tax Return filing d…
2 mins read
RAI's Budget wishlist: Lower taxes for individuals, benefits on land rates, electricity
Retailing in India accounts for about 10% of the country's GDP. In its memorandum, the retail assoc…
PTI
2 mins read
IT department declares 363 as cost inflation index for current fiscal
The Cost Inflation Index (CII) for fiscal year 2024-25 is 363, used by taxpayers to calculate long-…
PTI
2 mins read
Majority of taxpayers to have substantial tax savings due to reduction of long term capital gains on real estate: IT Dept
The Budget has reduced tax rates on capital gains earned from sale of house properties held for lon…
PTI
2 mins read
51 lakh, or 7.5% more Indians filed income tax returns this year; 72% of taxpayers opted new regime, notes FinMin data
The total number of ITRs for AY2024-25 filed till July 31, 2024, is more than 7.28 crore.
ANI
4 mins read
The questionable way lawmakers get taxpayers to fund borderline-political ads
Rep. Shri Thanedar has spent at least $45,460 in taxpayer dollars on billboards in the Detroit area…
Bryan Metzger
2 mins read
Fresno officials should have noticed a phishing scam that cost taxpayers more than $600,000, jury says
Fresno lost $600,000 to a phishing scam in 2020. A grand jury now says city officials should have d…
Kenneth Niemeyer
1 min read
A Russian oligarch's megayacht seized by the US is costing taxpayers a fortune, and the government is desperate to sell
US officials say the $300-million Amadea is owned by Suleiman Kerimov, a sanctioned Russian billion…
Pete Syme
3 mins read
Have foreign assets or income? Not disclosing it may lead to heavy penalties
Recently, the IT Appellate Tribunal of Mumbai imposed a penalty of ₹10 lakh per year on taxpayers w…
2 mins read
Sen. Kyrsten Sinema has spent more than $200,000 of taxpayer funds on private jet travel: report
It's not illegal for her to do so, as senators are allotted around $4 million each year to spend on…
Madison Hall
2 mins read
Revamped income tax portal: Five new features we like the most
The new and revamped income tax portal is here and a visit shows a completely new look design which…
2 mins read
Moms for Liberty leaders are behind a new charter school, which will have little government oversight even as taxpayers fund it
Moms for Liberty is on the board of a new charter school. Charter schools have little government ov…
Katie Balevic
2 mins read
One in four taxpaying citizen yet to file IT returns with 3 days to deadline
Revenue Secretary Sanjay Malhotra said last week that the possibility of extending the deadline for…
2 mins read
Police officers are getting raises for wearing body cameras — at the expense of taxpayers
Police unions seeking substantial raises for officers made to wear body cams are calling the increa…