Chairman Ravi Agrawal said that 90 per cent or more taxpayers are likely to move to the new tax regime from the current 75 ...

Under the proposed Union Budget 2025, a ₹60,000 rebate applies to incomes up to ₹12 lakh, enhancing the attractiveness of the ...

The biggest expectation from the Budget is that the government will table the Insurance Laws (Amendment) Bill 2024, which is ...

Union Budget, Finance Minister Nirmala Sitharaman offered a glimmer of hope by announcing a six-month review of the 1961 Act.

This year, the federal government promises a new era of easy, inexpensive tax preparation with free filing options from the Internal Revenue Service (IRS). While the ability to use online forms to ...

but the new approach, if implemented, would encourage states to contribute more to the national revenue pool. He pointed out that the main intent of VAT as a consumption tax is not to deprive any ...

Nigerian governors have expressed their support for the tax reform bills initiated by the federal government, proposing a new sharing formula for value-added tax, VAT. This is coming after meeting ...

BENIN CITY – THE Benin Zone of the Academic Staff Union of Universities (ASUU) has said that if the tax reform bill presently in the National Assembly is passed as presented by the Executive arm ...

IN the past several days, the writing on the wall for the Marcos-Romualdez regime has clearly appeared: It is a moribund government that is merely waiting for the family's history of being forcibly ...

Spanish Prime Minister Pedro Sanchez said the “unprecedented” new tax was needed to solve the country’s housing crisis. In recent years, rents have skyrocketed in Airbnb-dominated cities ...

The future of the child tax credit and its value is now in the hands of the Republican majority in Congress, and a new expansion proposal is on the table. Thomas is a native of upstate New York ...

Currently, individuals can file their ITR either under the old tax regime which offers benefit of deductions and exemptions, or under the new tax regime which offers a lower rate of taxes.