The greatest benefits would go to high-income households, while low-income families would see a much more modest boost, ...

This year, the tax department was a bit slow in notifying all ITR forms, and that is understandable as there were some ...

Reliance was placed on several judicial precedents to support the contention regarding the time limitation and the necessity for the escaped income to be ₹50 lakh or more for reopening beyond three ...

Highlights  Govt plans to end 15% reduced tax for textile sector Textiles to face regular 27.5% corporate tax Listed companies to get lower tax rate 2% advance income tax may apply on cotton imports ...

Labor’s tax increase on $3 million super balances is unlikely to raise the predicted revenue and clashes with Chalmer’s ...

But there were supposed to be 13 of these states? There are. Although the following four states do collect income tax on ordinary work-based wages, they don't count withdrawals from IRAs, 401 (k) ...

The 119th Congress now deliberating in Washington is rewriting history. Having sat for only 135 days, but already over seven ...

Trump proposes ending income taxes for those earning under $200K using tariff revenue, but experts doubt its feasibility.

Republican lawmakers are working to make President Trump's 2017 Tax Cuts and Jobs Act (TCJA) permanent. KDA CEO and founder Karla Dennis joins Wealth with Brad Smith to outline what could change under ...

Moreover, agreements with Britain and China have reduced overall tariff levels from recent highs, which will cut the revenue ...

They estimate that the tariffs Trump has imposed and scheduled as of April 2025 would generate nearly $167 billion in new ...

From revised capital gains reporting to enhanced disclosures, here’s what’s new in ITR-1 to ITR-4 for FY 2024-25 taxpayers.