On February 1, 2025, the Union finance minister submitted her submissions on revised Procedures, amendment of Sections, Tax proposals (both Direct and Indirect), etc. There was also the announcement ...

As per RBI norms, resident individuals can remit up to $250,000 per financial year for various permissible capital and ...

During the campaign, President Donald Trump floated an “all tariff policy” he said would replace federal income tax. Here’s ...

President Trump while on the campaign trail proposed eliminating taxes on Social Security benefits. "Seniors should not pay ...

The AO determined that the source of the share application money was a lease deposit received by Subramani from M/s Safe Carwings Pvt. Ltd. (SCPL) for a property he leased to them. However, the AO ...

The full New State Pension is currently worth £11,502 in the 2024/25 tax year and will rise to £11,973 in 2025/26. This ...

How are different income sources taxed? On this episode of Retirement Report, host Hank Parrott discusses taxes in retirement ...

With the US import tariff hike looming large, India has said it is not a tariff king. In a recent interaction with TNIE, ...

The new Income Tax Bill, which is often referred to as the Direct Tax Code, is aimed at overhauling the existing tax ...

For senior citizens investing in fixed deposits, the threshold for TDS on interest income exceeding Rs 50,000 was raised to ...

The Income Tax Department on Thursday conducted raids at the residence of Congress MLA and former Punjab Minister Rana Gurjeet Singh here, according to sources. Raids were also conducted at his other ...