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Chicago Fed's Goolsbee says on CNBC the Fed needs to guard against demand overheatingChicago Fed president Austan Goolsbee stated that inflation has moved beyond temporary energy and tariff-related price shocks. He highlight...
Reimagining tax compliance through trustIn 2025, the Income Tax Act sets the stage for a new paradigm in tax compliance within India. This legislation prioritizes transparent dial...
RBI approves Pratap Singh’s appointment as Fino Payments Bank MD & CEOFino Payments Bank has announced the appointment of Pratap Singh as managing director and chief executive officer. His term is set to begin...
Central government sets Rs 1.5 lakh laptop price limit for employees; Rs 1.8 lakh for Make-in-India devicesThe central government has issued new guidelines allowing officers in Pay Levels 8 and above to buy laptops for their official duties. Elig...
Can I withdraw my EPF to repay home loan principal; will I have to pay tax on it?ET Wealth Reader's Query: Can I withdraw my Provident Fund to repay my home loan principal? Will I have to pay taxes on PF withdrawal? How ...
India's growth gets further votes of confidence as Moody's raises FY27 forecast to 7% from 6.5%Moody's Ratings has raised India's economic growth forecast for 2026-27 to 7% from 6.5%. This adjustment reflects the nation's strong consu...
Chinese companies providing overseas services to Indian subsidiaries may escape tax: ITATIn a landmark decision, the Delhi Income Tax Appellate Tribunal has determined that Chinese firms offering services from overseas are not l...
Rs 12.6 lakh salary, Rs 9.2 crore transactions: Telecom company employee lands on Income Tax radar over businesses he claims he never ownedA telecom company employee earning Rs 12.6 lakh annually allegedly faces questions over undisclosed income of Rs 9.2 crore after fraudsters...
Diwali dhamaka isn’t over! How a Rs 38 lakh crore bull run sent Sensex up 8,000 points and Nifty up 10% in 8 daysIndia’s Diwali rally has added nearly Rs 38 lakh crore to BSE-listed companies’ market value in just eight trading sessions, with the Sense...
In Logan, Utah, Dale’s 1955 Sinclair Service Station underwent a $565,000 restoration and became a flower and gift shopAfter undergoing extensive renovations, Dale's Sinclair Service Station has successfully transitioned into a lively floral shop, thanks in ...
Kitsap Fast Ferries carried 854,529 passengers in 2024, while fares covered 16% of operating costs in 2023; voters approved a sales tax to fund the serviceKitsap Fast Ferries has successfully increased passenger transport, carrying over 854,000 passengers in 2024. The local sales tax supports ...
Singapore to launch gold vaulting service for foreign central banks, ease taxes to boost bullion tradSingapore's central bank will introduce a gold vaulting service for foreign central banks and financial institutions. This initiative aims ...
India risks losing tax revenue by delaying global minimum tax rolloutIndia’s delay in implementing the OECD-G20 global minimum tax framework, known as Pillar Two, could mean losing tax revenue to other countr...
Taxpayers fret over loose ends in amnesty scheme, seek CBDT clarity on foreign asset disclosure rules as deadline nearsMany taxpayers are unsure if they need to report various accounts due to ambiguous regulations. Clarification is being sought from the Cent...
'Surcharge an enhancement of rate of sales tax': SC upholds states' power to levy additional sales taxThe Supreme Court reaffirmed a 1974 ruling regarding states' power to levy additional sales tax. This ruling clarified that such levies are...
Budget 2027–28: ASSOCHAM calls for tax reforms to boost investment, manufacturing, ease of doing business and tax certaintyASSOCHAM has called for a series of Direct and Indirect Tax reforms in the Union Budget 2027–28 to boost investment, strengthen domestic ma...
SC says 1974 ruling on states' power to levy additional sales tax continues to holdThe Supreme Court held that a previous ruling from 1974 regarding additional sales tax remains applicable today. It determined that the leg...