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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…

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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…

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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   


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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   


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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…

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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   


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2 mins read

54th GST Council meeting to take place on September 9 in New Delhi

The 54th GST Council meeting took place on September 9, 2024, in New Delhi to address rate rational…

ANI   


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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   


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2 mins read

Seven years of GST has lowered taxes and improved lives of 140 crore Indians: PM

The PM also highlighted that after the implementation of GST, the savings of the poor and the commo…

ANI   


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3 mins read

Republicans' plan to fund Israel by cutting IRS spending would cost taxpayers billions and add to the national deficit

Cutting IRS funding would mean millionaires and large companies get away with not paying their fair…

Ayelet Sheffey,Juliana Kaplan   


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1 min read

Bill to amend Central Goods and Services Tax Act introduced in Lok Sabha

A bill to align provisions of the Central Goods and Services Tax Act with the Tribunal Reforms Act …

ANI   


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3 mins read

At least 24 House members have spent taxpayer money on their Twitter accounts — and they're overwhelmingly Republicans

GOP Rep. Lauren Boebert and Democratic Rep. Maxwell Frost are among the lawmakers whose offices rep…

Bryan Metzger,Brent D. Griffi…   


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5 mins read

Presumptive taxation: The scheme that eases burden on small businesses

Running a small business or a professional service can often involve a single person or a few peopl…

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2 mins read

New tax regime may not be necessarily beneficial for all taxpayers: Experts

The new tax regime (NTR) will now be considered as a default regime, but it may not necessarily be …

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2 mins read

Trump charged US taxpayers $40,000 for Secret Service to use a room at Mar-a-Lago in the months since he left office: WaPo

Trump moved to his Bedminster, New Jersey resort earlier this month and it's unclear whether he's c…

Eliza Relman   


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1 min read

Trump's Mar-a-Lago charged Secret Service almost $16,000 for $396 hotel rooms during presidential Christmas trip

As president, Trump spent 142 days at his gilded Florida property, which he dubbed the "Winter Whit…

Eliza Relman   


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3 mins read

Eliza Relman   


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2 mins read

How to download the new Annual Information Statement

The new AIS includes additional information related to dividend, interest, mutual fund transacti…

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2 mins read

The Trump Organization charged taxpayers for undisclosed stays and luxury-car rentals at his foreign golf resorts

The receipts provide further evidence of how President Donald Trump's family profited from his time…

Thomas Colson