Mississippi governor intent on income tax cut even if states receive less federal money
Mississippi Republican Gov. Tate Reeves says he will push lawmakers to phase out the state income tax, even if federal ...
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 ...
Bar & Bench14h
Supreme Court issues notice to PayPal in IT department's plea against stay on ₹32 crore demand
The Supreme Court on Tuesday issued notice in an appeal filed by the Income Tax department challenging an order of the Bombay ...
Taxpayers must disclose foreign income by Dec 31, says CBDT chairman
When asked about the progress in the income tax law review, the CBDT chief said that public consultation is ongoing and more ...
SC grants NewsClick relief by stalling tax recovery
The Supreme Court on Monday stayed further recovery of an outstanding tax demand from news portal NewsClick, directing the ...
Benzinga on MSN12h
Coinbase CEO Brian Armstrong Says DOGE Department Is A 'Once-In-A-Lifetime-Opprtunity,' Advocates Abolishing Individual Income Tax
Coinbase CEO Brian Armstrong proposes eliminating individual income taxes in the U.S., suggesting shift to business taxes.
Coinbase CEO Brian Armstrong Says DOGE Department Is A 'Once-In-A-Lifetime-Opportunity,' Advocates Abolishing Individual Income Tax
Coinbase CEO Brian Armstrong suggests eliminating individual income taxes in the US to simplify the system and promote ...
Failure to disclose foreign assets, income to invite ₹10 lakh penalty: I-T dept
CBDT launches compliance campaign for taxpayers to report foreign assets in ITR, warns of ₹10 lakh penalty for non-disclosure ...
ITR deadline: Has income tax return deadline for audit cases been extended?
The Income Tax department had earlier, extended the deadline by 15 days from the original deadline of October 31, 2024 ...
Failure to disclose foreign assets or income could lead to Rs 10 lakh penalty, warns Income Tax department
The department issued this advisory as part of a new compliance and awareness campaign, launched on November 16, to ensure ...
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.
Deccan Chronicle12h
India Expects to Surpass Rs 22 Lakh Cr Direct Tax Target
The government on Monday said that it would exceed the Rs 22 lakh crore direct tax collection target set for the current ...