The Income Tax Act, which has been in force in India since 1961, is now on the threshold of change. The government has ...

Also, note that employers are required to send employees their W-2 and 1099 income tax forms by the end of January. When is the deadline for filing a 2024 tax return with the IRS? The official ...

Indian Prime Minister Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle ...

Finance Minister Nirmala Sitharaman's Union Budget speech in 2020 was by far the longest, lasting two hours and 40 minutes.

Over the years, various governments have tried to strike a balance between economic growth and social equality through ...

In ‘A Brief History of Equality’, the renowned economist challenges the notion of inevitable disparity, drawing from history to advocate for global action a ...

In the amended income tax returns form to be submitted there should be allowance for showing and taking deduction for agriculture income (an example). So, India Income Tax authorities should be ...

Your payday could get a bump this year now that the Internal Revenue Service's updated income tax brackets and higher standard deductions have taken effect. Depending on your income level ...

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...

A seemingly routine ruling by India’s top tax officials went off like metal in a microwave. The government laid out a three-tiered system for taxing popcorn depending on if it is packaged or ...

The Income Tax department raided the homes and offices of producers linked to Pushpa-2 and Dil Raju in Hyderabad, probing potential tax evasion. The Income Tax department conducted raids on ...

Another important expectation relating to income tax is the introduction of the Direct Tax Code (DTC) in Budget 2025. The DTC aims to simplify India’s intricate tax system, making it more accessible ...