Last Updated:March 13, 2025, 12:41 IST Taxpayers have around 18 days left till March 31 to invest in tax-saving instruments like NPS, ELSS and PPS, among others, that can save some income tax for FY25 under the old tax regime. Section 80C is the most widely used tax-saving avenue, allowing deductions of up to Rs…
At the end of February, the House of Representatives passed a budget calling for up to $4.5 trillion in tax cuts over 10 years. Now, the haggling begins. Many of the tax cuts from the 2017 tax bill, which passed during President Trump’s first term, are set to expire at the end of this year….
They were conned by skilled online criminals into draining their retirement savings. After the shock, shame and grief that followed, the victims were often left with something else: an enormous income tax bill. Mary Ellen Strange, a 75-year-old widow who was deceived by fraudsters impersonating federal investigators, now owes the Internal Revenue Service an estimated…
President Trump has issued an unremitting stream of tariff threats in his first month in office, accompanied by nearly as many reasons for why they should go into effect. Tariffs on Canada, Mexico and China are a cudgel to force those countries, America’s largest trading partners, to crack down on the flow drugs and migrants…
If you received more than $5,000 for online sales of “goods or services” in 2024, you might get a Form 1099-K. Don’t ignore it, an expert says. Source link
All the taxpayers in the new tax regime have some reason to celebrate, irrespective of income levels. By Parizad SirwallaBudget 2025 income tax: In the run up to the Budget 2025, individual taxpayers were eagerly looking forward to favorable tax reforms. The FM seems to have brought some cheer to them through her proposals.Recognizing the…
Latest income tax slabs: The slab rates are easy to remember, slab changes with every block of 4 lakh and corresponding tax rates changes 5% up to six blocks By Anand DheliaAs a common man of India, I would like to compliment and thank Hon’ble Finance Minister (FM) for being considerate towards the middle class…
GST reforms: The primary objective will be to restructure the tax slabs to ensure meaningful outcomes. More tax relief coming soon? The Narendra Modi government, having provided substantial relief in personal income tax and customs tariff rationalisation in the Union Budget 2025, is now expected to initiate efforts to streamline the goods and services tax…
Last Updated:February 03, 2025, 09:43 IST Benchmark equity indices, BSE Sensex and Nifty50, opened lower on Monday, tracking weak global cues and declines in Asian markets. Sensex, Nifty Today Benchmark equity indices, BSE Sensex and Nifty50, opened lower on Monday, tracking weak global cues and declines in Asian markets. The Sensex fell by 694.10 points,…
The wait for budget is over, with the finance minister Nirmala Sitharaman set to present the Union Budget 2025-26 on Saturday. While the youth are hoping for job-creation initiatives, the salaried class is eagerly anticipating income tax relief.Taxpayers and industry stakeholders are eagerly anticipating major announcements on tax slabs, fiscal consolidation, and sectoral incentives.President Droupadi…
