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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...- White House Ballroom investigation row: Nvidia CEO Jensen Huang, who is facing scrutiny over alleged Chinese spy links, was among donors. Check listUS Attorney Aaron Reitz issued a letter to Senator Richard Blumenthal regarding potential document preservation. The letter claimed Blument...
- 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...
- FD rate up to 8.6% for senior citizens investing for five years; know the list of banksSenior citizens can invest in fixed deposits with interest rates reaching up to 8.6%. Suryoday Small Finance Bank leads with these attracti...
- FD rate up to 8.5% for senior citizens investing for five years; know the list of banksSenior citizens in India have exciting options for fixed deposits, with top banks enticing them with appealing interest rates. Leading the ...
- Sold property? You may pay zero tax if these Section 82 rules under Income Tax Act 2025 are metFor Tax Year 2026-2027, Income Tax Act, 2025 is applicable and this means you need to be versed with the renumbered Sections in order to co...
- GST decriminalisation decisions set benchmark for trust-based governance: CIIThe Confederation of Indian Industry praised the GST Council's recent decisions aimed at decriminalising certain offences. The Council reco...
- CBIC holds outreach programme in Chandigarh to discuss GST 2.0 reforms with taxpayersMore than 200 taxpayers and industry representatives participated in an outreach programme with CBIC leadership. The engagement aimed to di...
- Trump's cure for Republicans' midterm woes is more Trump. Will it work?US President Donald Trump is actively campaigning in various states to energize Republican voters ahead of the midterm elections. His ralli...
- Income Tax Department nudges taxpayers holding undisclosed foreign propertiesThe Income Tax Department is encouraging taxpayers to declare undisclosed foreign assets through the FAST-DS initiative. A new e-filing por...
- I-T likely to send notices over undisclosed foreign propertyThe Income-Tax Department will send notices to resident Indians regarding undisclosed foreign properties. Information was obtained through ...
- White House Ballroom secret donor list revealed by The Washington Post-Who are the controversial donors backing Trump's $333 million projectNvidia and Apple each pledged $25 million towards a controversial ballroom project at the White House. Reports indicate that over $333 mill...
- Nvidia, Apple each gave $25 million for Trump's ballroom: Washington PostThe Adelson family, longtime financial supporters of Trump and his Republican Party, committed $25 million as well, as did billionaire Char...
- Nvidia, Apple each gave $25 million for Trump's ballroom, Washington Post reportsSignificant funding for the planned White House ballroom, estimated to cost $400 million, was reported. Nvidia and Apple made $25 million d...
- GST reforms aim to boost compliance by removing fear, widening tax baseRate rationalisation showed that a lower rate yields more revenue as the base widens, and process reforms rest on the same principle. A bus...
- GST must become an economic partnership, not just tax collection tool: CBIC chief Vivek ChaturvediVivek Chaturvedi, Chairman of CBIC, emphasized the importance of reducing compliance burdens for GST taxpayers. During a recent meeting, va...
- In 2007, heirs sold a conservation easement on inherited farmland for $910,000, in 2013, they got a shock from US Tax CourtIn Van Alen v. Commissioner, decided on October 21, 2013, the court ruled in favour of the Internal Revenue Service (IRS). The dispute invo...
- GST Council reforms address key industry concerns, focus shifts to implementation, says Dept of Revenue officialDuring the 57th GST Council meeting, significant recommendations were made to address concerns from stakeholders. The government plans to i...
- 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 ...
- 'Faster decisions, lower compliance costs': PM Modi welcomes new round of GST reformsPrime Minister Narendra Modi on Thursday welcomed the new round of GST reforms approved by the Goods and Services Tax (GST) Council, saying...
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