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Search results for taxpayer

Budget 2025 expectations: Rs 5 lakh exemption and simpler taxes, says EY
Trending News
2 days, 12 hours ago

Budget 2025 expectations: Rs 5 lakh exemption and simpler taxes, says EY

India Today  

With the Union Budget 2025-26 around the corner, EY India has proposed a slew of reforms aimed at easing the financial burden on taxpayers and simplifying India's tax system. The global consulting firm suggests that increasing the basic income tax exemption limit to Rs 5 lakh, lowering tax rates, and rationalising tax structures could provide much-needed relief to the ordinary …

India Budget Tds Ey India Rs 5 Lakh Simpler Taxes
IRS has improved taxpayer services but is slow to resolve ID theft, an independent watchdog says
2 days, 21 hours ago

IRS has improved taxpayer services but is slow to resolve ID theft, an independent watchdog says

Associated Press  

WASHINGTON — The IRS boosted taxpayer services through Democrats’ Inflation Reduction Act but still faces processing claims from a coronavirus pandemic-era tax credit program and is slow to resolve certain identity theft cases, according to an independent watchdog report released Wednesday. She said “the IRS has made major strides” with the help of the billions of dollars in multiyear funding, …

Congress Service Claims Report Collins Irs Taxpayer Services
Budget should reduce tax rates, raise personal income tax exemption limit to ₹5 lakh from ₹3 lakh: EY India
3 days, 2 hours ago

Budget should reduce tax rates, raise personal income tax exemption limit to ₹5 lakh from ₹3 lakh: EY India

Live Mint  

New Delhi, January 8 : The upcoming union budget 2025-26 should focus on giving personal tax relief to common taxpayers by raising the basic exemption limit in the new tax regime from ₹3 lakhs to Rs5 lakhs and reducing tax rates, suggests global consulting and professional services firm Ernst & Young India. EY India also asks for deferring tax deduction …

India Budget Income Tax Tds Tax Rates Ey India Raise Personal
Budget 2025: Easier ITR filing and tax dispute reduction expected, says report
3 days, 12 hours ago

Budget 2025: Easier ITR filing and tax dispute reduction expected, says report

India Today  

The upcoming Union Budget 2025-26 is poised to introduce significant changes to India's tax landscape, aiming to simplify income tax filing and address longstanding tax disputes. According to a Bloomberg report, Finance Minister Nirmala Sitharaman is expected to unveil a comprehensive overhaul of the Income Tax Act, 1961, a move that has been in the works for several months. KEY …

Tax Budget
Chance to have your say on flawed Lifetime Isas as part of cross-party review
3 days, 13 hours ago

Chance to have your say on flawed Lifetime Isas as part of cross-party review

Daily Mail  

It has been criticised by experts for years for being a gimmick, flawed and a poor use of taxpayer cash. The Lifetime Isa was launched eight years ago to help people save for their first home or boost their retirement savings. Review: The Lifetime Isa was launched eight years ago to help people save for their first home or boost …

Isa Lisa Flawed Lifetime
Planning to sell securities? This is how you can calculate long-term capital gains tax on share sale
4 days, 20 hours ago

Planning to sell securities? This is how you can calculate long-term capital gains tax on share sale

Live Mint  

If you regularly invest in financial assets and have recently redeemed some of your investments, it is noteworthy that the profits earned on these gains are subject to capital gains tax. Here, we give a lowdown on capital gains tax with regard to financial assets: Listed Securities Short-term gains: When you sell the shares of a listed company within one …

Tax Capital Gains Tax Capital Capital Gains Cent Lakh Gains
ITR filing: Approval for condonation of delay helps this taxpayer save over ₹3.42 lakh
4 days, 22 hours ago

ITR filing: Approval for condonation of delay helps this taxpayer save over ₹3.42 lakh

Live Mint  

Not being able to file an income tax return before July 31, 2024, prevented Suresh Jain from filing his ITR under the old tax regime, thus missing out on certain exemptions and carry-forward of losses to which he was entitled. Thanks to the condonation of delay, which was recently approved by the tax department, Jain was finally allowed to claim …

Income Delay Jain Filing Itr Taxpayer Tax Department
January 6, 2025 - Presidential transition news
55 years ago

January 6, 2025 - Presidential transition news

CNN  

An image of a hangman's noose, seen outside the US Capitol on January 6, 2021, is displayed during the House select committee's final public meeting in December 2022. Evelyn Hockstein/Reuters The top Democrat on the House Administration Committee released a report on Monday seeking to discredit Republican efforts to rewrite the narrative about the January 6 attack on the US …

Republican House Democrat Committee Cheney Capitol Rep
ITR filing: 5 new tax regime features every taxpayer must know
5 days, 12 hours ago

ITR filing: 5 new tax regime features every taxpayer must know

India Today  

The revamped income tax slabs introduced in Budget 2024 bring significant relief to taxpayers, enabling savings of up to Rs 17,500 annually under the new tax regime. REVAMPED INCOME TAX SLABS The new tax regime offers simplified and attractive slab rates, with no tax on income up to Rs 3 lakh, 5% for Rs 3–7 lakh, 10% for Rs 7–10 …

Savings Tax Income Lakh Regime
How YOU can retire 10 years early: It's not as fanciful an idea as it sounds if you follow our essential 10-step guide to living the dream
6 days, 10 hours ago

How YOU can retire 10 years early: It's not as fanciful an idea as it sounds if you follow our essential 10-step guide to living the dream

Daily Mail  

Many of us dream of retiring early to have more time to do the things we enjoy. For many, early retirement means stopping full time work in your mid to late 50s – or around ten years before the age at which you can claim your state pension. For many, early retirement means stopping full time work in your mid …

Retirement Fire Financial Money Pension Work Pay
Budget 2025: Will Nirmala Sitharaman address TDS-TCS challenges?
1 week, 1 day ago

Budget 2025: Will Nirmala Sitharaman address TDS-TCS challenges?

India Today  

As the Union Budget 2025-26 draws near, discussions intensify on simplifying India’s tax system. Industry bodies, including the Federation of Indian Chambers of Commerce and Industry, have shared their recommendations with Finance Minister Nirmala Sitharaman, advocating tax reforms to boost the ease of doing business and reduce complexity. SIMPLIFYING TDS-TCS RATES FICCI has proposed reducing the numerous TDS/TCS rates to …

Tax Tds Tcs
Mailbag: ‘Future’ coverage brought up memories of the past
1 week, 2 days ago

Mailbag: ‘Future’ coverage brought up memories of the past

LA Times  

Cast and crew autographs from the 1985 film “Back to the Future” appear on a DeLorean outside the opening of the musical version at Segerstom Center for the Arts Dec. 29. The article, “Club’s cars travel to ‘Future’ show” in the Dec. 29 Daily Pilot & TimesOC covered the film and musical at Segerstrom pretty well with emphasis on the …

Beach Future City Movie Doc Daily Huntington Beach
Filing ITR: Last 90 days to claim tax exemption via investments for fiscal year 2025. Check details here
Trending News
1 week, 2 days ago

Filing ITR: Last 90 days to claim tax exemption via investments for fiscal year 2025. Check details here

Live Mint  

The calendar year 2025 has begun and the financial year 2025 is set to end in three months. To claim the exemption in 2024-25 for which you will file the income tax return before July 31, investment must be made in the financial year which will end on March 31, 2025. Tax saving under 80C: Taxpayers can invest in a …

Tax Saving Claim Exemption Tax Exemption
New deadline to file belated/revised ITR extended to 15 January for resident taxpayers
1 week, 3 days ago

New deadline to file belated/revised ITR extended to 15 January for resident taxpayers

Live Mint  

New Delhi, January 1 : The Central Board of Direct Taxes has extended the last date for filing belated/revised income tax returns for the Assessment Year 2024-25 for resident individuals, as stated in a notification issued by the CBDT. In the notification the CBDT added, "The Central Board of Direct Taxes, in exercise of its powers under section 119 of …

Tax Assets Income Act Itr Cbdt Taxpayers
Regulators closed failing charter school. It reopened as taxpayer-funded religious school
1 week, 3 days ago

Regulators closed failing charter school. It reopened as taxpayer-funded religious school

Raw Story  

ProPublica is a Pulitzer Prize-winning investigative newsroom. Yet Arizona’s ESA program provides zero transparency as to private schools’ financial sustainability or academic performance to help parents make informed school choices. “If you’re a private school that gets most of its money now from the public, which has happened in Arizona, at that point there should be accountability for you as …

Parents Trump Schools Arizona State Phoenix Private
Georgia's top prosecutor urges state supreme court to snub Fani Willis
1 week, 4 days ago

Georgia's top prosecutor urges state supreme court to snub Fani Willis

Raw Story  

Georgia's top prosecutor is publicly urging the state Supreme Court not to take up an appeal of a lower court's decision disqualifying Fulton County District Attorney Fani Willis from the election racketeering case against President-elect Donald Trump and several of his associates. "The Georgia Court of Appeals has ruled that the Fulton County DA created her own conflict and rightfully …

Georgia Supreme Court Court Trump Case Fulton County Willis
Opinion: The case for killing the tax credit for electric vehicles
1 week, 6 days ago

Opinion: The case for killing the tax credit for electric vehicles

LA Times  

The federal tax credit for electric vehicle purchases has far outlived its purpose and now stands as a glaring example of government overreach and economic inequity. For instance, the Congressional Research Service study noted: “For vehicles purchased in 2021, taxpayers with adjusted gross income greater than $100,000 represented 22% of all filers and received 84% of the credit benefits.” The …

Tax Credit Vehicles Cost Electric Evs Credits
Top Republicans demand Congress to release ‘sexual slush fund list’
1 week, 6 days ago

Top Republicans demand Congress to release ‘sexual slush fund list’

Hindustan Times  

Republicans are demanding the release of the “congressional sexual slush fund list.” On Thursday, Representatives Marjorie Taylor Greene and Thomas Massie joined the former Florida Congressman Matt Gaetz in calling on Congress to release the names of lawmakers who used taxpayer money to settle sexual harassment claims. Marjorie Taylor Greene and Matt Gaetz have called on Congress to release the …

Congress Pay Fund Republicans Release Sexual Greene
Application For Revocation Of Cancellation Of GST Registration Rejected Just Because Taxpayer Did Not Respond To SCN: Delhi HC Revives Application
2 weeks ago

Application For Revocation Of Cancellation Of GST Registration Rejected Just Because Taxpayer Did Not Respond To SCN: Delhi HC Revives Application

Live Law  

The Delhi High Court held that the application for revocation of cancellation of GST registration could not have been dismissed, when apart from using the phrase “any supporting documents” and “others”, no further reason was assigned as to why the said application was dismissed. While rendering the order of appellate authority as unsustainable, the Division Bench of Justice Yashwant Varma …

Registration Application Bench Gst Authority Gst Registration Appellate
Amendment In Finance Act Can't Retrospectively Affect Vested Right Of Taxpayer To Adjudicate Settlement Application U/S 245(D): Calcutta HC
Trending News
2 weeks, 2 days ago

Amendment In Finance Act Can't Retrospectively Affect Vested Right Of Taxpayer To Adjudicate Settlement Application U/S 245(D): Calcutta HC

Live Law  

The Calcutta High Court recently reiterated that when the settlement applications were filed before the date on which the Finance Act 2021 did not come into effect, then taxpayers had vested right of preferring the application in absence of any statute prohibiting the said application. The Bench reiterated so, while referring to decision of Bombay High Court in case of …

Finance India Settlement Applications Application High Sec
Amendment In Finance Act Can't Retrospectively Affect Vested Right Of Taxpayer To Adjudicate Settlement Application U/S 245(D): Calcutta HC
Trending News
2 weeks, 2 days ago

Amendment In Finance Act Can't Retrospectively Affect Vested Right Of Taxpayer To Adjudicate Settlement Application U/S 245(D): Calcutta HC

Live Law  

The Calcutta High Court recently reiterated that when the settlement applications were filed before the date on which the Finance Act 2021 did not come into effect, then taxpayers had vested right of preferring the application in absence of any statute prohibiting the said application. The Bench reiterated so, while referring to decision of Bombay High Court in case of …

Finance India Settlement Applications Application High Sec
PAN 2.0 explained: Govt clarifies validity of existing cards and costs for upgrades
2 weeks, 2 days ago

PAN 2.0 explained: Govt clarifies validity of existing cards and costs for upgrades

India TV News  

The Government of India has launched the PAN 2.0 project, raising questions among taxpayers about the functionality of their existing PAN cards, the pricing of the new cards, and the features to be included in the upgraded version. Existing PAN holders with existing cards can apply for new cards with dynamic QR codes under the current PAN 1.0 system or …

Project Taxpayer Pan Cards Existing New Cards Existing Pan Holders
Youth Congress files complaint against Arvind Kejriwal over 'false schemes'
2 weeks, 3 days ago

Youth Congress files complaint against Arvind Kejriwal over 'false schemes'

India Today  

The Delhi Youth Congress on Wednesday lodged a complaint against AAP chief Arvind Kejriwal, accusing him of misleading and deceiving the public with claims of non-existent schemes. The complaint was filed after the AAP launched an extensive public outreach campaign to register people for the 'Mukhyamantri Mahila Samman Yojana' and 'Sanjeevani Yojana', ahead of the Delhi Assembly elections 2025. "However, …

Delhi Congress Youth Congress Public Complaint Kejriwal
My invention brought clean water to millions. Don't rewrite the law that made it possible
2 weeks, 4 days ago

My invention brought clean water to millions. Don't rewrite the law that made it possible

Salon  

When was the last time you washed your hands, took a shower, or had a glass of water? None of this could have happened without a little-known 1980 law called the Bayh-Dole Act. None of this could have happened without a little-known 1980 law called the Bayh-Dole Act, which allows academic institutions that receive public funds to retain patent rights …

Law Support Water Patent Lab Invention My Invention