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Senate rejects first effort to bar Trump from creating $1.8 billion settlement fundSenate Republicans are facing challenges in passing funding for President Donald Trump's immigration agencies. Democrats are pushing for vo...
Want to exchange old gold for new jewellery? Beware of these taxesIndians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-valu...
Trump's $1.8 billion 'weaponization' fund put on hold after fierce opposition from CongressPresident Trump's proposed $1.8 billion fund for alleged government "weaponization" victims has been halted. Republican lawmakers in Congre...
US judge freezes Trump $1.8 billion 'slush fund' for alliesA US federal judge has halted a $1.8 billion compensation fund. Critics call it a slush fund for President Donald Trump's allies. The judge...
Health services, medical education expansion to be driven by modern tech: Yogi AdityanathUttar Pradesh Chief Minister Yogi Adityanath reviewed health and medical education. He stressed improving treatment quality and expanding s...
Donald Trump immunity from IRS audit shocks experts, who warn it could undermine trust in tax systemDonald Trump's tax probes have ended. The Internal Revenue Service agreed to drop all pending investigations into the former president's ta...
Is Donald Trump doling out taxpayer funds to President's supporters convicted of attacking US Capitol?The money would come from a nearly $1.8 billion "anti-weaponization" fund, intended to compensate people who claim, like Donald Trump, they...
Trump’s $1.776 billion IRS settlement sparks debate as critics question legality of the compensation fundA major legal settlement involving Donald Trump and the IRS faces scrutiny. A $1.776 billion fund for alleged "weaponization" and a ban on ...
Donald Trump's IRS lawsuit dismissed with a $1.76 billion fund settlement: Here's the full breakdown of the tax leak caseTrump IRS tax leak settlement: The US administration has established a $1.76 billion fund to address claims of government "weaponization" f...
Failed to report US stocks gained via ESOP? Use this one-time Amnesty scheme; Know how it worksA one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting fo...
Got salary arrears after resigning? Use Form 39 to avoid higher tax in 2026–27Resigning from a job in FY 2025-26 and receiving salary arrears in FY 2026-27 can lead to a higher tax liability. To avoid this, taxpayers ...
Don’t be misled: The IRS fresh start program won’t wipe out all your debtThe IRS Fresh Start program helps taxpayers manage tax debt but does not erase everything. It makes it easier to apply for payment plans, s...
Budget 2025: Settlement scheme like Vivad Se Vishwas needed to clear high backlog of legal tax disputes, say expertsBudget 2025: Schemes like Vivad Se Vishwas need to continue to clear huge legal backlog. Further rationalisation measures for income tax as...
Why Government's move to ensure time-bound settlement of Customs cases may not be effectiveIn India, the Settlement Commission allows an alternate dispute resolution mechanism for a taxpayer, who seeks to resolve a tax dispute thr...
CBDT notifies e-settlement scheme for taxpayersThe relief was given to taxpayers who were eligible to file application as on January 31, 2021, but could not file the same due to cessatio...
I-T department asks taxmen to accept applications till September 30 for settlement before Interim BoardThe 2021-22 Budget, through the Finance Act, amended the provisions of the Income-Tax Act, 1961 to provide that the Income-tax Settlement C...
CBDT allows taxpayers to file applications by September 30 for settlement of pending tax casesTo dispose of the pending settlement applications as of January 31, 2021, the government had constituted the Interim Board for Settlement. ...