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 & Bench10h
Supreme Court issues notice to PayPal in IT department's plea against stay on ₹32 crore demand
The Supreme Court on Monday issued notice in an appeal filed by the Income Tax department challenging an order of the Bombay ...
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 ...
Benzinga on MSN8h
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.
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 company’s banker not to release any more money to the tax department.
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.
Tax Guru1d
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 Supra6h
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 ...
abp LIVE13d
Tax Department Receives Thousands Of Proposals For Income Tax Act Review
The meeting was attended by Revenue Secretary Sanjay Malhotra, CBDT Chairman Ravi Agarwal, and other senior officials from ...
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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 ...