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WHAT IS LIABILITY
Meet Mark Warner, former venture capitalist whose fortune is estimated at up to $250 million, now contesting Virginia Senate race in US midterm elections- Your student loan could disappear, then the IRS Bill arrives: What changed in 2026?
- In 2007, heirs sold a conservation easement on inherited farmland for $910,000, in 2013, they got a shock from US Tax Court
- 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...12 Oct, 2026, 10.09 PM IST
- MacKenzie Scott donated $26.2 billion in five years, but why is she missing from the Chronicle of Philanthropy’s top 50 donors list?MacKenzie Scott, the ex-wife of Jeff Bezos, donated $26.2 billion over five years and $7 billion in 2025. Despite her significant charitabl...12 Oct, 2026, 09.34 PM IST
- From immigration records to a $29.9 million asset discrepancy: The questions surrounding Ilhan OmarFederal agents searched Ilhan Omar's home, focusing on her childhood immigration documents and financial disclosures. The investigation con...12 Oct, 2026, 08.49 PM IST
- Will RBI’s CRR hike to 99% hit HDFC, SBI and other bank stocks? Here’s what Jefferies saysThe RBI has raised the minimum daily CRR maintenance requirement to 99% from 90% from October 16 to curb banking system liquidity. Jefferie...12 Oct, 2026, 10.07 AM IST
- Siberian elm was widely planted in America for windbreaks and as a disease-tolerant shade tree; it escaped cultivation and is now considered invasive in 41 statesSiberian elm, initially introduced to American landscapes for its Dutch elm disease resistance, soon proved problematic as it became invasi...11 Oct, 2026, 01.40 PM IST
- Trump’s AI liability push opens blame game for models gone rogueHolding AI developers financially responsible for the safety of their products has won support from Treasury Secretary Scott Bessent and fo...10 Oct, 2026, 08.43 PM IST
- 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 ...09 Oct, 2026, 08.39 PM IST
- 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...09 Oct, 2026, 06.22 PM IST
- In 1972, US investor received property, agreed to swap it same day, IRS challenged his tax treatment: Why court couldn't tax the exchangeThis case involves Joseph R. Bolker and his property called Montebello. Things got complicated and the issue eventually went all the way to...08 Oct, 2026, 09.01 PM IST
- Nifty 50 hits fresh 52-week low! What technical charts indicate as selloff intensifiesNifty 50 plunged below 22,200 to a fresh 52-week low as soaring oil prices, persistent FII selling and the RBI’s rate hike weighed on senti...08 Oct, 2026, 03.23 PM IST
- Rs 50 lakh personal accident claim denied over “misrepresentation”; insurer’s own investigator found it valid; here’s why nominee wonIn a significant ruling, the Kurnool Consumer Commission directed ICICI Lombard to pay a Rs 50 lakh insurance claim that was initially reje...08 Oct, 2026, 11.07 AM IST
- 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 ...07 Oct, 2026, 04.44 AM IST
- 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 ...07 Oct, 2026, 12.49 AM IST
- 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...05 Oct, 2026, 11.06 PM IST
- Bengal, count plants, not promises: The real test of its industrial comebackIn a bid to enhance industrial investment in West Bengal, finance minister Swapan Dasgupta plans to overhaul outdated land use regulations....05 Oct, 2026, 10.59 PM IST
- 'If he has any sense of shame, Gyanesh Kumar must quit right away': Congress' Jairam Ramesh reiterates demand for CEC's resignationIn a post on social media platform X, Ramesh wrote, "Here is the bold Justice Ujjal Bhuyan speaking yesterday in NALSAR University in Hyder...05 Oct, 2026, 02.30 PM IST
- GST relief for gaming companies raises hopes across the sectorTax authorities have taken a softer approach towards gaming companies in the first four final GST orders issued after the Supreme Court rul...03 Oct, 2026, 12.18 AM IST
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