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Do you need to file ITR if you only incurred losses from equities or mutual funds? Check the detailsIndividuals earning below basic exemption limits (Rs 2.5 lakh old, Rs 4 lakh new regime) generally don't need to file ITR. However, mandato...
Trump unveils $700 million coal support plan using emergency powersPresident Donald Trump is using emergency powers to boost the US coal industry. Nearly $700 million will fund upgrades to power plants and ...
Don’t file blind: Key documents you need for successful IRS tax reliefIRS tax relief needs proper documents to show your money situation clearly. You must share income, expenses, assets, and tax records to app...
Don’t get caught out: Key documents you need for IRS Tax relief claimsIRS tax relief needs proper documents like income proof, expenses, bank details and tax returns. These papers help the Internal Revenue Ser...
As Trump throws lifeline to coal plants, critics warn of higher costs and health risksUnder the Trump administration, coal power is making a comeback, as plans to phase out coal plants are being scrapped. This change is desig...
Why a big tax refund in 2026 could mean you overpaid the IRS: What homeowners need to knowMillions of Americans are anticipating larger tax refunds in 2026 due to new tax laws, particularly the expanded SALT deduction for homeown...
IRS warns millions are missing an overlooked tax credit — here’s how to claim the cashThe IRS says millions of Americans may be missing the Earned Income Tax Credit. This tax benefit gives extra cash to working people with lo...
Inflation Refund Checks to benefit millions: Who will get the money — eligibility criteria & how the program worksRelief is arriving for millions of New Yorkers struggling with rising living costs, as the state government has begun distributing inflatio...
ITR filing last date extended from July 31, 2025, for FY 2024-25 (AY 2025-26): Check the new date hereITR filing 2025 deadline extended: The CBDT has extended the due date to file income tax return from July 31, 2025, to September 15, 2025, ...
FM Sitharaman asks civil accounts officers to make Govt's annual accounts more user-friendlyFinance Minister Nirmala Sitharaman urged civil accounts services officials to simplify annual government accounts to make them more access...
Last opportunity for eligible taxpayers to claim 87A tax rebate: Why you must file revised/belated ITR before January 15, 2025Income tax rebate u/s 87A: Following the Bombay High Court order to extend the revised and belated income tax return (ITR) deadline to Janu...
Dangle less tax and watch 'em goPersonal income-taxpayers in India live in an abnormal environment of taxation where they get next to nothing for compliance and good citiz...
Robust tax mopup gives 433% boost to capex, says FMRobust tax collections have increased capital expenditure and investment in infrastructure projects. Gross direct tax collections rose 16.7...
Budget 2023: Scrap Income Tax until people's faith in government spending is fully restoredIndia's income-tax collection is too peripheral to be meaningful. Only a measly 6.2% of the population pays any income tax, according to th...
GST: From payment for not serving notice period to cheque dishonour, CBIC clears the airThe Circular also mentions non-compete fees, late payment charges by utility providers of electricity, water or cancellation charges levied...
Happy belated returns from I-T dept, but only if you pay up the extra taxBased on a trust-based governance mechanism, the Finance Bill has now allowed taxpayers to file an 'Updated Return' within two years from t...
File GST retuns in time or face penalty on entire tax liability: Telangana High CourtThis means that tax authorities will be able to levy interest on the gross tax liability of an assesse if there is any delay in tax payment.
Delhi power subsidy most generous in India: Brookings IndiaThis is beyond cross-subsidies approved by the Delhi Electricity Regulatory Commission (DERC) in the tariffs that keep household power pric...
Tax rates slashed for small taxpayersTax rate for those earning up to Rs 5 lakh is reduced to 5% and flat Rs 12,500 rebate offered to all taxpayers. But tax compliance to be st...
- Troubled TEPCO requests 1 trillion yen public fund injection
TEPCO requested the injection of 1 trillion yen in public funds as it teeters under the weight of the Fukushima Daiichi nuclear power plant...