Searched for
TAX LIABILITY
Your Student Loan could disappear, then the IRS Bill arrives: What changed in 2026?A report by Protect Borrowers estimates that between 2 million and 3 million Americans could face federal tax bills over the next decade. T...- Salons double festive makeover prices as Navratri demand surges, costs riseSalons and services apps have increased their prices significantly due to a surge in demand for festive services. The rise in costs is attr...
- GST e-invoicing may cover services imports from unregistered companiesThe Indian government is set to enhance GST reporting for imported services through e-invoicing. This expansion will affect businesses with...
- GST 2.0 makes it less taxing as govt scrap arrest powers, raise prosecution threshold to Rs 5 crore in major overhaulThe GST Council recently approved substantial reforms to simplify the indirect tax structure and improve compliance. These changes include ...
- GST reforms: No tax on toll collection by highway concessionaires; road maintenance tax liability clarifiedThe GST Council has clarified that highway concessionaires collecting exempt tolls will face no GST liability on the toll collection right,...
- Landowner gets Rs 6 crore by selling TDRs received for giving up land for road widening, pays no tax; ITAT Bangalore rules TDR sale taxable as capital gainsFor giving up 2,839 sq. metres of land, BBMP gives landowner TDRs which landowner sells to builder for Rs 6 crore; Income Tax Dept sends no...
- FD rate up to 8.25% for senior citizens investing for five years; know the list of banksCurrently, multiple banks are offering attractive fixed deposit interest rates that go up to 8.25% specifically for senior citizens. Suryod...
- This $2,000 IRS tax credit can help pay for college in 2026, but there's an income catchTaxpayers pursuing education may benefit from the Lifetime Learning Credit for eligible expenses incurred. This credit covers 20% of up to ...
- Good news: If penalty is imposed for misreporting of income or other cases you can apply for waiver of penalty using revised Form 161; Check the detailsOn October 8, 2026, the Central Board of Direct Taxes introduced a revised Form 161 for taxpayers. This new form allows eligible individual...
- Good news for employees: Input Tax Credit on group health and life insurance allowed; Know how it employeesNow GST input tax credit to emoyers on group insurance; this can mean more life and health insurance coverage for employees; Know how it he...
- No rate cuts, but big GST relief: 8 reforms on refunds, ITC, registration and enforcement | ExplainedThe GST Council has approved a sweeping process overhaul, easing registration, speeding up refunds, widening input tax credit and reducing ...
- "GST is always very useful for state like West Bengal": Finance Minister Swapan Dasgupta after 57th GST Council meetIn the recent 57th GST Council meeting, West Bengal Finance Minister Swapan Dasgupta emphasized the crucial role of GST in bolstering state...
- Next-gen GST reforms: Single registration, easier input tax credit among key MSME demandsThe 57th GST Council meeting, now slated for October 8, 2026 (Thursday), is likely to consider several proposals aimed at easing the compli...
- Tax credit vs deduction in 2026: How a $20,000 credit could cut a $50,000 tax bill to $30,000IRS tax credit and deduction explained: A tax credit and a tax deduction can both lower your tax burden, but they work differently. Here’s ...
- Product's form at sale, not end use, will determine tax rate: Supreme CourtThe Supreme Court has ruled that the tax rate applicable to a product must be determined by its physical form at the time of sale, not its ...
- GST Council to focus on auto refunds, swifter ITC, fewer noticesThe government is preparing to transition the GST regime toward a trust-based tax administration. This shift includes introducing sweeping ...
- Expecting a bonus, stock compensation or property sale in 2026? Check your withholding before a surprise tax bill in 2027A bonus, stock compensation or property sale can change your 2026 tax picture. Here’s what taxpayers should know about withholding, estimat...
- Rs 85.3 lakh cash gifts from relatives deposited in bank trigger unexplained deposit income tax notice; taxpayer contests and wins case in ITAT ChennaiMr Amirtharaj from Thygarayanagar, got Rs 85.03 lakh cash gifts from his sister’s husband, uncle and other relatives, he deposited this cas...
- This investor faces a Rs 16 lakh LTCG tax liability after selling property. Should she claim a tax exemption or invest the proceeds in mutual funds?A 57-year-old investor faces Rs 16 lakh LTCG tax after selling land near Jewar airport. Experts suggest verifying the liability before deci...
- Ease of biz relief in store for small ecomm sellersThe Goods and Services Tax Council meeting is set to discuss proposals benefitting small ecommerce sellers. If approved, these sellers coul...
Load More
