‘Reverse Robin Hood scam' or windfall for middle class? Lawmakers debate Trump tax plan extensions
Democrats and Republicans are making competing claims about how extending tax cuts from Trump’s first term would benefit the ...
Tax Guru3d
Provisions for Senior Citizens under Income Tax Act
Under the New Tax Regime, following are the tax slab rates applicable to a Senior Citizen for FY 2025-26 (As per Budget 2025 ...
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ITR Filing 2025: Will people with income less than 12 lakhs also have to pay tax or will they get an exemption? Know the right answer..
In Budget 2025, the Finance Minister has given a big relief to the taxpayers by increasing the level of zero income tax ...
From 2% to Nearly Everyone: Musk’s X Post on Income Tax Raises Big Questions
Elon Musk has been vocal about the tax code's flaws. He believes there shouldn't be any tax incentives and also raised ...
The Financial Express9h
Income Tax Department investigating unlisted share transactions, tax evasion in OFS deals: Report
The investigations are related to cases where promoters, their anchor investors, and their anchor investors have acquired ...
Income Tax Bill 2025: Rules changed for clubbing of income, family income; details here
The Income-Tax Bill 2025 revises the conditions for clubbing of income, allowing spouses' technical contributions without ...
Tax Guru6d
Assessment Proceedings under Section 147 of Income Tax Act 1961
Summary: Assessment proceedings under Section 147 of the Income Tax Act, 1961, involve reopening past assessments when the Assessing Officer (AO) has reasons to believe that income has escaped ...
If Trump Reinstates Tax Cuts, Here’s How Much You Could Save
During President Trump's first term, he overhauled the tax code with his 2017 Tax Cuts and Jobs Act (TCJA). Many of those ...
American Farm Bureau Federation5d
2025 Tax Cliff: Section 199A Qualified Business Income Deduction
More than 850,000 farms and ranches nationwide have a lower tax bill under the Section 199A qualified business income ...