Income tax department warns: ‘Declare foreign assets or pay ₹10 lakh penalty’
The I-T dept launched a compliance campaign urging taxpayers to report foreign assets in their AY25 returns, noting that ...
Income Tax department launches campaign to help taxpayers report overseas income for AY 2024-25
The Indian tax authorities have launched a campaign to remind taxpayers to disclose overseas income and assets in their tax ...
NOLA.com1d
Pressured by lobbyists, Jeff Landry and senators consider sales tax hike to finance tax cuts
No other state offers this tax loophole, according to the Revenue Department. Oil and gas interests also don’t want to lose ...
Will exceed direct tax collection target for FY25: CBDT chief
The Centre’s direct-tax collection after tax refunds has grown by 15.41% to ₹12.1 trillion so far this financial year.
Tax Guru2d
High-Pitched Assessments in Income-Tax Cause Injustice
The article raises several questions about the fairness and efficiency of the Income-Tax Act, administration, and assessing ...
JD Supra13h
Michigan Will Grant a Refundable Research and Development Income Tax Credit Beginning in 2025
HB 5100 and HB 5101, as passed by the Michigan House of Representatives and Senate, and to be signed by Governor Gretchen ...
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Legal Digest | Why Income Tax department cannot look into the same matter by invoking another section
The High Court rightly rapped the Income Tax department on its knuckles for not accepting the CIT revisionary order with ...
Fact Check: Fox News did not report California governor planned to withhold federal tax
Fox News did not report that California Governor Gavin Newsom announced plans to withhold hundreds of billions of dollars in ...
Income Tax Department Collects 6,500 Suggestions for Comprehensive Review of Income Tax Act
The Income Tax Department has gathered 6,500 suggestions from stakeholders for the review of the Income Tax Act, reflecting ...