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Are You A Taxpayer? Here’s All You Need To Know About Filing Taxes This Tax Season

27 Jan 2025

The Internal Revenue Service (IRS) officially kicked off tax season 2025 on Monday, January 27, bringing new features and an expanded Direct File program designed to simplify tax filing for millions of Americans. With tax season now underway, here’s what you need to know about the latest updates, deadlines, and...

18% GST Trends, Netizens Question ‘What Will Be The GST Rate For This Flavor?’

22 Dec 2024

In the GST Council meeting held on Saturday, December 21, led by Union Finance Minister Nirmala Sitharaman, it was decided that a tax rate of 18% will be applied to the margin value on the sale of used electric vehicles (EVs) and old vehicles by businesses. However, sales of used...

11 Economic Policy Changes Donald Trump Wants to Implement If Elected

06 Nov 2024

Republican presidential candidate Donald Trump has focused his economic agenda on foreign trade, U.S. manufacturing and targeted tax reductions as he seeks to return to the White House after serving as president from 2017-2021. Voters have increasingly become concerned about the economy. A recent Gallup poll showed that 43% of...

Record Increase: 51 Lakh Additional Tax Filers And 72% Opt For New Regime

02 Aug 2024

The taxpayers and tax professionals made their compliances in time, leading to a surge in filing of Income-tax Returns (ITRs), which resulted in a new record of ITRs filed till July 31, 2024. July 31 was the last due date for filing the income tax returns. The total number of...

BJP Leader With One More Arresed For Uploading Anti-Muslim Content

28 Jul 2024

A local BJP leader and others were arrested in Kolar district in Karnataka for uploading anti-Muslim comments on the social media platform Facebook. Reports say that the controversial post, uploaded on Friday, July 26, criticized Muslims regarding tax payments. The post stated, "31st July is nearing. Please pay your taxes...

Budget 2024: BankBazaar Suggests Rs 18 Lakh As Ideal Threshold for 30% Income Tax

17 Jul 2024

BankBazaar has suggested a new income tax slab that could lead to a notable shift. According to their proposal, the 30% slab in the existing old regime would rise to ₹18 lakh if adjusted for inflation over this period. This marks a significant jump from the current tax structure, where...

Denmark Introduces Emissions Tax On Cows And Goats, First Nation To Implement Such Measure

29 Jun 2024

Demark is set to impose a tax on its livestock farmers against the backdrop of greenhouse gas emitted by their cows, sheep, and pigs from 2030 onwards. Methane a potent greenhouse gas is majorly emitted from the livestock sector, which contributes to global warming. The tax aims to curb the...

Mumbai Broker Says He Pays Too Many Taxes, Nirmala’s ‘Sleeping Partner’ Response

16 May 2024

Union Finance Minister Nirmala Sitharaman faced significant online backlash due to her cryptic response regarding the high taxes imposed on stock market brokers and real estate transactions. At an event held at the Bombay Stock Exchange (BSE), a stockbroker confronted the minister about the government's heavy taxation on stock market...

Karnataka CM Clashes with BJP Over 10% Temple Tax Controversy

22 Feb 2024

Karnataka Chief Minister Siddaramaiah said that the allegations regarding the Karnataka government's amendments to the Hindu Religious Institutions and Charitable Endowment Bill "appear to be misrepresented", "aiming only at misleading the public" and "polarizing people along communal lines for political leverage." The legislation requires the state to levy a 10...

Taxpayers Alert: Ministry of Finance Warns of Surge in Fake GST Summons Scams

10 Feb 2024

The Ministry of Finance has issued a warning to taxpayers regarding an increase in fraudulent schemes involving counterfeit summonses allegedly sent by the Directorate General of GST Intelligence (DGGI) and the Central Board of Indirect Taxes and Customs (CBIC). Recent observations reveal that individuals with fraudulent intentions are creating and...

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tax

Are You A Taxpayer? Here’s All You Need To Know About Filing Taxes This Tax Season

18% GST Trends, Netizens Question ‘What Will Be The GST Rate For This Flavor?’

11 Economic Policy Changes Donald Trump Wants to Implement If Elected

Record Increase: 51 Lakh Additional Tax Filers And 72% Opt For New Regime

BJP Leader With One More Arresed For Uploading Anti-Muslim Content

Budget 2024: BankBazaar Suggests Rs 18 Lakh As Ideal Threshold for 30% Income Tax

Denmark Introduces Emissions Tax On Cows And Goats, First Nation To Implement Such Measure

Mumbai Broker Says He Pays Too Many Taxes, Nirmala’s ‘Sleeping Partner’ Response

Karnataka CM Clashes with BJP Over 10% Temple Tax Controversy

Taxpayers Alert: Ministry of Finance Warns of Surge in Fake GST Summons Scams

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