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

If you are still confused about which tax regime to choose after Budget 2025 proposals, here is how to choose between the old ...

Surprised by how quickly they ousted the previous regime, the new leaders “are still unprepared and uncomfortable” governing an entire nation. “But they are managing the country as if they ...

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

On the positive side, taxation is, in the words of the American historian, Albert Hart, the price which civilized communities pay for ...

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 ...

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.