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Income tax
5.83 crore tax returns filed till July 31, record 72.42 lakh in last day
While tax filing (ITR) was initially slow, the pace picked up as the deadline approached
While tax filing (ITR) was initially slow, the pace picked up as the deadline approached
A record 72.42 lakh tax returns were filed on the…
Axis Mutual Fund case: Income tax raids premises of fund manager Viresh Joshi, other brokers
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Itr Filing Tips and How You Can Save Home Loan Income Tax
A home loan or home loan granted to purchase property can help taxpayers save money every year. In fact, many taxpayers are not fully aware of the benefits of the home loan when filing tax returns – the due date of which falls on July 31…
Decoding of article 115bac of the income tax law
Individuals wishing to file an income tax return (ITR) can pay tax under the new structure with lower rates but without many deductions or under the old with higher rates but with applicable exemptions. The new taxation regime was…
US laws support income tax collection, despite claims to the contrary
A social media post that claims US laws don't support income tax collection makes its case using debunked information and features speakers who have been convicted of federal tax crimes.
"To date, no one has been able to demonstrate that…
Heidi Ganahl Says She’ll Eliminate Colorado Income Tax — But Not How
Heidi Ganahl, the Republican gubernatorial candidate, is campaigning on a bold pledge to eliminate Colorado's 4.55% personal income tax, the state's largest source of general fund revenue, during his first four-year term."I'm going to get…
Rental to parents for medical examination, 6 useful tax deductions you can claim
The deadline for filing the income tax return for the 2022-23 tax year or the 2021-22 fiscal year is approaching soon. An individual must file a tax return or ITR if their total income exceeds the basic tax exemption limit in a fiscal…
Governor pushes income tax cut, senators invite him to speak directly
Gov. Jim Justice wants lawmakers to pass an income tax cut in a special session beginning Monday. The Republican majority in the House of Delegates seems ready to go along with it.But Republican leaders in the Senate have said their…
ais: what is AIS? The tax department answers all your questions about the annual information…
The annual information declaration (AIS) is a tool that informs taxpayers of the information available to the tax authorities about them. The AIS is a detailed statement which lists all your financial transactions for a given financial…
S&P Says Credit Force for Washington Isn’t a State Income Tax » Publications » Washington…
The state treasurer issued a press release last week highlighting Washington's strong credit rating and the impact on savings tied to the bond sale. The The treasurer said this about the Standard and Poor's…
Income Tax Department searches 18 locations in Delhi, Mumbai
The Income Tax Department said on Friday it carried out a search and seizure operation on July 7 on…
Some second home owners could avoid New York income tax under court ruling
A new court ruling is good news for Hamptons real estate owners who work in New York but have their full-time residence in another state. This could mean that they will no longer be subject to paying New York State…
8 Words Sum Up Washington State Supreme Court Income Tax Case » Publications » Washington Policy…
Jason Mercier of the Washington Policy Center has been following the income tax issue for years. He knows perfectly well the history of it in the State of Washington. He knows voters rejected attempts to…
Your questions – Income tax: No capital loss on delisted but not extinguished shares
By Chirag Nangia
I bought 1500 shares of DHLL in 2015-2016. After the resolution, the shares of DHFL are no longer listed and the value of my investment is zero. Can I claim a long-term capital loss?—PV KrishnaThe capital gain or loss…
Income Tax Department raids properties of pharmaceutical company in Haryana, Delhi-NCR
The Income Tax Department conducted search and seizure operations on a pharmaceutical group, which covered 25 premises in Delhi-NCR and Haryana. Representative image.The Income Tax Department has carried out search and seizure operations on…
Newly approved Palestinian Authority budget includes historic corporate net income tax cut
© Shutterstock
The $45 billion 2022-2023 state budget passed by the Pennsylvania General Assembly this week will deliver a historic reduction in net corporate income tax (CNI), bringing it down from 9.99% to 8.99% next year, a…
Income Tax Department conducts raids in Chhattisgarh
New Delhi: The Income Tax Department carried out search and seizure operations on 30.06.2022 on a group engaged in coal transportation and other related activities. The premises of a senior government official were also…
Interest on a personal loan can be deducted from income tax in certain cases. Details here
How can I benefit from tax advantages for a…
Form and fit: Documents you need to keep handy to file your tax returns
To facilitate the filing of income tax returns (ITR), the Income Tax service offers pre-filled forms. Keeping these documents handy…
Three-quarters of Cleveland’s income tax refund claims still awaiting money: Thursday, June…
Subscribe to Alarm Clock, cleveland.comThe free morning newsletter from , delivered to your inbox weekdays at 5:30 a.m.A very hot day is shaping up for northeast Ohio, with highs around 90 degrees and mostly sunny skies. It will remain…
Form ITR 1: Who cannot file a tax return using Form ITR-1 for the 2021-22 fiscal year?
The ITR form used by many, if not most, employees is ITR-1. This ITR form is also known as Sahaj. ITR-1 is probably the easiest form to complete as it requires income information from a limited number of sources such as salary, home…
Common mistakes to avoid when filing your tax return online
Tax Return Filing (RTI) is now available on the e-filing portal and the Income Tax Department has asked taxpayers to become an early filer. "Check your Form 26AS, AIS and other relevant documents before submitting. Be an early filer," the…
Schmidt proposes sweeping policy to exempt retirement benefits from state income tax
TOPEKA — Republican gubernatorial candidate Derek Schmidt on Wednesday proposed eliminating state tax on benefits and income from Social Security, IRAs, annuities and other retirement vehicles to reduce…
California attempts to modernize safe harbor guidelines for state income tax
The Revolutionary Sales Tax Case South Dakota vs. Wayfair may have been decided by the U.S. Supreme Court four years ago, but the ripple effect of the case for multistate income taxes is likely to continue long into the future .What began…
Want to buy a house by redeeming mutual fund investments? Income tax rules explained
I am considering buying a residential apartment by investing the redemption proceeds from my mutual fund investment. Will I be eligible for the capital gains exemption if I reinvest the redemption proceeds for the purchase…
China’s income tax fall for third straight month in May
(Yicai Global) June 17 - China's personal income tax revenue fell for a third straight month in May as Covid-19 outbreaks and other factors weighed on coffers of the government.
Tax revenue from personal income fell 5.7 percent from a year…
It depends – Do PSI rules apply? – Income tax
June 16, 2022
Cooper Grace Ward…
Compare Form 16 with 26AS before filing the tax return: experts
Attention to detail is paramount when filing the income tax return (ITR). In mid-June, employees receive Form 16 from their employer.…
Eric Tan declared bankrupt for failing to pay RM68m income tax to government
KUALA LUMPUR (June 14): The High Court here on Tuesday June 14 declared Eric Tan Kim Loong, who is believed to be an associate of fugitive businessman Low Taek Jho or Jho Low, bankrupt after failing to pay tax on the income of…
Tax Filing Essentials
The deadline for filing non-tax audit returns for assessment year (AY) 2022-23 will be July 31, 2022. All new returns and their utilities are firmly in place.Tax year means the twelve-month period beginning on April 1 and ending on March 31…
Check AIS when filing tax return, says Senior Chartered Accountant Rajesh Mehta
Indore (Madhya Pradesh): Senior Chartered Accountant Rajesh Mehta said that whenever a person files their tax return, it is mandatory to provide information on all their bank accounts. It is therefore very important to check with the…
Tax return: How to download ITR forms
The Central Direct Tax Commission has issued a notification for the forms required for filing the income tax return (ITR). Taxpayers can download the ITR SAHAJ ITR-1, ITR-2, ITR-3, SUGAM ITR4, ITR-5 and ITR-6 forms.
These forms are…
Tax authorities seize Mehul Choksi’s assets worth more than Rs 150 crore under Benami law
Fugitive diamond dealer Mehul Choksi. (File photo)New Delhi: In a major move, Income Tax (IT) authorities took physical control of real estate worth more than Rs 150 crore belonging to Mehul Choksi, the fugitive diamond merchant and uncle…
Income tax: tax deductions can be canceled
Most individuals invest in various tax saving programs and claim a tax deduction to reduce the overall tax payment. Although the Union Budget 2020-21 introduced a new tax regime which offers preferential rates with seven brackets without…
Tax Exemption and Unrelated Business Income Tax (UBIT): The Framework (Part 1 of 3) | law of the…
This Knowledge blog is part 1 of a 3-part series that provides a focused overview of unrelated business income tax rules for the nonprofit organization that is tax-exempt under section 501 (c)(3) of the Internal Revenue Code (the “Code”).…
MV Bhanumathi, Head of Mumbai Branch of Income Tax Survey, retires
MV Bhanumathi, Consignment Indian Revenue Service Officer in 1987, has served in various Income Tax Commissions across India and has investigated high profile cases during her career. MV Bhanumathi retired today after 35 years of serviceOne…
RTI filing: Which tax return form is applicable to you for the 2021-22 financial year?
The Central Board of Direct Taxes (CBDT) notified the Income Tax Return Forms (ITR) for the financial year (AF) 2021-22 (tax year or AY 2022-23) on March 30, 2022 and also activated the deposit option for ITR 1, ITR 2 and ITR 4 through its…
Postponement of personal income tax cut, tax hike to help Marcos administrator settle PH debt
Metro Manila (CNN Philippines, May 25) — The Ministry of Finance has recommended boosting tax collection efforts under the new government of Ferdinand "Bongbong" Marcos to help settle the country's debt which has soared under the…
Your questions: Income tax | The financial express
By Chirag Nangia
*I opted for the new tax regime at the beginning of the year 2021-22 and there is an excess tax deduction. How do I switch to the old tax regime when filing the ITR?
—Atoul Khare
It has been clarified by the CBDT that…
German Ministry of Finance publishes final letter on tax treatment of cryptocurrencies
Almost a year after the initial announcement by the Federal Ministry of Finance (Bundesministerium für Finanzen or BMF) draftthe BMF has just published its last letter on the tax treatment of cryptocurrencies.
Completed definitions
As can…
Chief Justice reviews trial court ruling in income tax case
Fadley Faisal
On May 16, the High Court overruled a lower court order in an income tax case by finding the lower court's decision "untenable".
Chief Justice Dato Seri Paduka Steven Chong reviewed the decision due to the prosecutor's…
The essential basics of income tax in India
Income tax is a levy imposed by the government on your total income. Whether you are an employee, self-employed or business owner, you will have to pay income tax depending on the category to which your income tax bracket belongs.It can be…
Your questions – Income tax: NRIs can claim benefits under tax treaties
By Chirag Nangia
I have been working in Zambia since 2000 and send my salary to my NRE account in India. Is it taxable in India? If it is taxable, in which section should I indicate it when filing the computerized declaration?—RajaIt…
Sena chief Yashwant Jadhav’s cup of woes overflows with income tax department expanding…
Shiv Sena leader and BMC Standing Committee Chairman Yashwant Jadhav is overflowing with the Income Tax (IT) Department expanding the list of properties acquired during the Covid19 pandemic lockdown from 36 to 56, with jewelry…
UAE: Ministry of Finance consultation paper on corporation tax
After the announcement of the introduction of a federal corporate income tax in the UAE ("ICT”) on January 31, 2022, the United Arab Emirates Ministry of Finance (“Ministry of Finance”) recently published a public consultation document on…
Income tax filing deadline is approaching
It's May again, which means the deadline for submitting our annual tax return is fast approaching. Avoid sticking to the last minute – if you are earning income from various sources and/or from abroad, it can sometimes get a bit…
Income Tax: Should I Advertise for a Maternal Health Fund? – 05/10/2022
I pay for my mother's health insurance. The invoice is in my name. Can I deduct these expenses? (NBC)
As an insured person, you cannot deduct amounts related to your mother if you declare it separately. Your mother can be…
Wyoming leaders discuss property tax increases after failed income tax proposal
WYOMING, MI — Wyoming city leaders are considering several different property tax increase options to offer voters to fund approximately $6 million in annual public safety and parks needs.The discussion in the Wyoming City Council on…
Avon mayor still hopes to preserve future parks, despite income tax failure
AVON, Ohio — Mayor Bryan Jensen remains hopeful the city will be able to preserve land for future parks, even as voters on May 3 rejected an income tax hike that would have paved the way to this future.The city was seeking a 0.15% increase…
New income tax system: is the reduced tax rate option right for you?
There is a lot of confusion about the new tax regime. People are not able to decide which one to go for. The new tax regime is available only to individuals as well as to a HUF whether you are resident or non-resident and is…
No lower property tax, no city income tax
WYOMING, Mich. — Two ballot proposals failed Tuesday that would have cut property taxes and enacted a city income tax. Both proposals had to be approved for either to pass. The first proposal would have reduced property taxes in the town,…
A 1% income tax is on the ballot again in Beavercreek, Ohio
Beavercreek is one of only three cities in Ohio with no income tax. However, that could change after voters head to the polls on May 3. In nearly 40 years, this is the fifth time the controversial…
Inherited house bought by the father and you want to sell it? Income tax rules explained
My father bought a house in 1995. He died in 2009. We are three brothers who inherited the house equally. I bought one brother's share in 2013 and another brother's share in 2014. Now I have become the owner of the whole building.…
The Implied Receipt Doctrine – Income Tax
April 29, 2022
law of the free man…
Tax traps for start-ups with no income – Tax authorities
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It has been said that two things in life are certain: death and taxes. Although a corporation can cheat death, taxes are certain and if…
Your questions – Income tax: No HRA tax benefit if only the spouse stays in the rented…
By Chirag Nangia
I live in Japan on a long-term deputation. My wife stays in India. Can I claim HRA benefits from my company for the rent I pay for my wife's stay in India? My company in India deducts hypotax from my salary.— Sudheer…
How did the 1857 revolt sow the seeds of income tax law in India? All you need to know
New Delhi | Manich Mishra: If you are employed and your income is more than Rs 2.50 lakh, you have to pay income tax to the government. Do you know that income tax is linked to the 1857 revolt against British rule? You will be surprised…
Benami Law vs Income Tax Law: Perception and Reality – Opinion
It is said that perception is stronger than reality. Perception is what we perceive with our senses in the presence of some level of consciousness. Since our early childhood, our repository of notions continues to be built up on the basis…
Itr forms: Income tax return forms for fiscal year 2021-22: 9 changes requiring additional…
The Income Tax Department has notified the Income Tax Return Forms (ITR) for the 2021-22 fiscal year or AY 2022-23. A tax year (AY) is the year followed by the fiscal year and AY is the year in which income earned by an individual during…
A guide to rental income tax for residential properties
With the April 30 deadline fast approaching, many will be rushing to file our tax returns. As you check off your checklist, you may be wondering if you forgot any taxable items. If you are a landlord and you rent your premises, did you…
Two Major Changes to Beavercreek’s Income Tax Levy in May Election
BEAVERCREK, Ohio (WDTN) — The May 3 primary is two weeks away.
In Beavercreek, voters will decide whether the city will impose its first income tax. Voters declined a similar levy in November, but city officials say they have…
County closes in on income tax cut deal
April 17 - CUMBERLAND - Allegany County officials announced Thursday that they are closing in on an agreement on income tax rate reduction plans.The Allegany County Board of Commissioners discussed a rate reduction, sometimes called a…
Council approves income tax study to fund city schools
At Wednesday night's meeting, members of the Jersey City City Council approved a feasibility study of a possible income tax to fund the Jersey City School Board. He also greenlighted a residential development project on Route 440,…
The Role of Income Tax in Nation Building
By Tashriq Ahmad
Each country must have infrastructures and equipment for its citizens which must correspond to their standard of living. It requires a large amount of money to create advanced infrastructure and provide better facilities…
Itr Deposit: Income Tax Rules for Crypto, Virtual Digital Assets You Need to Know
The government is working on a cryptocurrency taxation FAQ, which will provide nuanced clarification on the applicability of income tax and GST on virtual digital assets, an official said.…
‘I refuse to pay my federal income tax,’ says Westchester resident, who wants to spend…
Tony Futia
By Dan Murphy
The Internal Revenue Service, IRS, has always been regarded by Americans as the least popular government agency. Mark Twain said it best when he joked, "What's the difference between a…
What Are My Options for Getting a Tax Refund Loan?
Many people associate filing federal income taxes with receiving a return. According to the IRS, the average tax refund in 2021 will be $2,800 (up from $2,500 in 2020). Taxpayers frequently use this money to supplement their retirement!-->…
Rental income: tax benefits available to owners
Rental income falls within the scope of income tax laws in India. If you own a property and have rented it out to someone, you need to understand how to reduce your tax burden. Rental income from property investments can make a big…
Connecticut Bills May Bring Changes to Property and Income Tax Calculations | national news
(The Center Square) - As inflation hits 40-year highs, Connecticut lawmakers are considering a set of bills…
Return more state income tax to local government
Few Illinoisans realize this, but when the state created an income tax, it promised it would return some of your income taxes to the community where you live. These…
Wilmington Schools Seek Income Tax Renewal
WILMINGTON — With the May 3 primary election approaching and an existing levy up for renewal, the Wilmington City Schools (WCS) treasurer presented a financial report at this week's school board meeting.
The WCS District is seeking to…
Billionaires’ income tax would make them pay their fair share
Opinion: Some assume there is no solution to the gap between the ultra-rich and the average American. There is: The billionaire income tax.Erin Scharf
| opinion contributorToday, 11 Arizonans have nearly as much wealth like all of the…
How cryptocurrency investors will be taxed from April 1
Income Tax Calculator: Starting April 1, 2022, many changes to income tax rules announced in the 2022 budget will be implemented across the country. The new tax law on cryptocurrency and other digital assets is one of…
5 high-value cash transactions that can land you an income tax notice
Cash deposit into a savings bank account The cash deposit limit of a bank account is Rs 10 lakh. The Income Tax Department may issue an income tax notice to a savings account customer who deposits more than Rs 10…
Donations to Ukraine: review of corporate tax treatment in Spain and Poland
Since the start of the invasion of Ukraine, many companies have made donations to support relief efforts after the invasion. In this commentary, we review the main tax implications of these donations for Spanish or Polish resident…
Legislature seeks ways to eliminate state income tax in Mississippi – FOX13 News Memphis
DESOTO COUNTY, Miss. – How does a little more jingle in your pocket sound? This could be the case if you live in Mississippi. The Mississippi state legislature continues to seek a way to eliminate state income tax. Several northern…
Income tax: you want to benefit from double deductions on investments, rental income, etc. ? Here…
People with high salaries not only have to pay taxes on wage income, but also on investment income as well as rent and other unearned income, etc. Persons with high salaries must not only pay taxes on wage income, but also on the returns…
Income tax 2022: How is the payment of rent declared?
Although the taxpayer paying the rent cannot deduct these expenses from income tax, the payments must be reported so that tax authority Review the data and ensure that the values reported by the landlord and tenant are…
I’m selling an apartment and buying another. Income tax rules explained
I have two small residential apartments. One was bought in 2001 and we lived there until 2017, then we moved to a smaller apartment bought in 2016 by taking out a housing loan. Now we want to buy a bigger house for self use…
More states are joining the bandwagon to cut income taxes
The South Carolina State House
Getty
Income tax cut bills continue to sweep through state legislatures in 2022. Remarkably, they do so in many cases with broad support from Democrats and Republicans alike. . In…
S Corp M&A: Three Options for Solving Income Tax Problems
The boom in M&A, or M&A, activity throughout 2021 and into 2022 has consequently led to more S corporations as target companies for M&A transactions. S corporation status is a popular option for small businesses, as it provides…
Can I claim a long-term capital gains income tax exemption again?
I had benefited from an exemption under articles 54 and 54EC for the long term capital gains on the sale of my dwelling house in 2010. Can I again apply for an exemption for the sale of the current dwelling house purchased in…
SC Senate unanimously passes income tax cut and refund – WSOC TV
COLUMBIA, SC — The South Carolina Senate unanimously passed a $2 billion income tax reduction and refund bill, setting in motion what will likely be intense negotiations with the House on the $1 billion tax cut passed last month.Thursday's…
Session ends with bipartisan income tax cut | Local News
INDIANAPOLIS — In the early hours of Wednesday, lawmakers finalized their bills for the 2022 session and…
South Carolina Senate Committee Approves $1 Billion in Income Tax Refunds | Caroline from the south
(The Center Square) — South Carolina taxpayers could get an income tax refund of between $100 and $700 per…
Non-profit corporation providing education eligible for income tax exemption for charitable…
By Rasheela Basher - On March 6, 2022 12:51
The Calcutta High Court has ruled that a non-profit organization under Section 25 of the Societies Providing Education Act is eligible for income tax exemption as it would be considered…
Holcomb agrees to cut income tax | Indiana
(The Center Square) - Indiana Gov. Eric Holcomb said Thursday he agreed to lower the state income tax rate…
Gig workers need to prepare for a tax surprise
Many people new to the gig economy get a rude surprise the next time they file their income taxes. Indeed, income from conducting Uber, Lyft, or GrubHub, or contracted services such as professional writing or graphic arts, online sales…
Liberty Lake Says No to Local Income Tax | Washington
(The Center Square) – Liberty Lake is the latest municipality to ban a local income tax, joining 11 other…
Reminder for Possible Local Income Tax Increase in Bloomington, Rest of Monroe County – The B…
Bloomington Mayor John Hamilton's State of the City Address last Thursday included a proposal for increased revenue but was sparse in detail.
No amount has been provided for a possible increase in local income tax (LIT).
But over the…
SC taxes generally fair to poor. Reducing income tax would change that.
We hear so many complaints about the wealthy having to pay more than their fair share of federal taxes that…
Apparent deal cuts Iowa personal income tax rate to 3.9%
Jack Whitver. (photo RI)
Tax negotiations among leading Republicans on the Iowa Capitol appear to have reached a final plan. Senate Majority Leader Jack Whitver spoke to Radio Iowa after meeting with fellow Republicans in the Senate early…
Income tax exemption long stay visa
A man walks past a billboard on Sukhumvit Road, Bangkok. (File Photo: Bangkok Post)…
Income tax phase-out debated in long-poor Mississippi
JACKSON, Miss. (AP) - Mississippi has a history of being first in the worst: It's one of the poorest and unhealthiest states in the country, with chronically underfunded public schools. Some Republican leaders say a good way to increase…
Constitutional amendment would cap Missouri income tax at 5.9% | Missouri
(The Center Square) — Missourians' income tax could be capped at a slightly higher percentage than the…
Booming economy leads SC Governor House to propose bigger income tax cut
By JEFFREY COLLINS The Associated Press
COLOMBIA – Another round of better-than-expected economic news from South Carolina led the Republican governor and House leaders to agree on Tuesday to work…
Late and revised tax returns
The deadline for filing income tax returns (ITRs) for the fiscal year ending March 2021, in the case of individual taxpayers, was December 31, 2021. Missed this deadline? Pursuant to Section 139(4), any person who has not provided a return…
What to choose in 2022?
How to choose between the new and the old tax system?
The new tax system differs from the old one in two respects. First, it has more slabs with lower tax rates. And second, all major exemptions and deductions…
Guest Opinion: State Income Tax Cut: Win or Loss for Utah’s Middle Class? | News, Sports,…
Courtesy pictureMatthew Weinstein
The Utah Legislature just passed halfway…
Income Tax Department considering action against Channi’s nephew, Bhupinder Singh Honey…
New Delhi, Feb 11: After the law enforcement directorate's Prevention of Money Laundering Act (PMLA) 2002 case, the Income Tax is also planning to take action against Bhupinder Singh Honey, the nephew of Punjab Chief Minister Charanjit…
Tax filing deadline is March 1 for farmers
Farmers and ranchers have until March 1, 2022 to file their 2021 tax return without penalty if they have not made estimates.“Growers have until April 15 to file without penalty if they paid their estimated tax before January 15,” says Ron…
Your questions: Income tax | House held for more than two years classified as long-term fixed asset
The cost of acquisition and improvement is indexed in the case of long-term fixed assets to take into account inflation over the years.
By Chirag Nangia
I had bought a property jointly with my father in 1987. We then invested Rs 1.6…
How to Claim the Section 80EEA Benefit When Buying a House in Fiscal Year 23
Income tax calculator: In the 2021 Budget, Union Finance Minister Nirmala Sitharaman had extended the tax benefit under Section 80EEA until March 31, 2022, allowing home buyers (who did not own any at the time of the sanction of…
Idaho governor signs $600 million income tax cut
Governor Brad Little signed into law House Bill 436, the largest tax cut in Idaho history.
Little hosted a signing ceremony Friday afternoon at In Time Tec in Meridian with several legislative leaders, including House Speaker Scott Bedke,…
SC House leaders just want to tackle the income tax cut
By JEFFREY COLLINSThe Associated Press
COLOMBIA — Republican leaders in South Carolina's House appear poised to tackle income tax cuts in the state before the end of this year's General Assembly…
Are you eligible for the new change in income tax rules in Budget 2022? Check here
Are you eligible for the new ITR update rule? Check hereNew Delhi: In great relief for taxpayers, the Minister of Finance Nirmala Sitharaman announced an extension to update the 2-year ITRs from the existing 3 months from the end of the…
GUEST TIP: Governor’s Income Tax Proposals Need Further Consideration | Waverly Logs
Governor Reynolds' dramatic income tax proposals should cause all Iowans to reflect on their relationship…
Capital Gains Tax Court hearing this Friday (2/4) » Publications » Washington Policy Center
This Friday (2/4) at 10 a.m., Douglas County Superior Court will hold a summary judgment hearing on the capital gains tax passed last year. The State Supreme Court has consistently ruled that income is…
Income tax department recovers over ₹6.2 crore from hawala operator in Margao
Ahead of the Goa Legislative Assembly election on January 29, the Income Tax Department seized Rs 6.2 crore from a hawala operator in Margao amid election monitoring. Sources said the Inspector General of Goa Police was informed about the…
Income tax pads and other personal tax expectations
Like every year, the Union Finance Minister has the difficult task of balancing public expectations and presenting a budget that would put India back on the path to growth, especially after the long disruption caused by the pandemic. of…
Bill that would cut Utah’s income tax rate moves forward
SB59, now sponsored by Sen. Daniel McCay, R-Riverton, would reduce Utah's income tax rate from 4.95% to 4.85%. (Francisco Kjolseth | The Salt Lake Tribune) Sen. Daniel McCay, R-Riverton, has his first hearing on SJR9, a proposed amendment…
NEKAAA offers VITA tax assistance | News
Low-to-moderate income individuals, families, and seniors can once again receive free help with completing…
Iowa GOP lawmakers want to eliminate tax on retirement income | Iowa News
By DAVID PITT, Associated PressDES MOINES, Iowa (AP) — Republicans in the Iowa House on Monday proposed eliminating taxes on retirement income, a move that would cost the state about $2 billion in revenue over the first six years. .The…
Gee & Ursula: Is it time to impose an income tax in Washington State?
Is it time to impose income tax in Washington State? State Senator Bob Hasegawa wants to do it.
Capital gains tax, minimum wage increase among new laws coming into force in 2022
A concern many people have had…
Some New Yorkers should be prepared to pay more income taxes
The new year brings a fresh start for many people, but it also brings new taxes to New York. New York State income tax rates are on the rise for 2022 and you may be affected by these further rate increases. New York Governor Kathy Hochul…