It all started in 1913 with the ratification of the 16th Amendment to the Constitution. In a moment of fiscal irresponsibility, the states approved a federal income tax without limits and without any ...

Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman on Saturday, has proposed a new Tax Collected at ...

President Donald Trump authorized raising tariffs on Canada, Mexico and the People’s Republic of China. He has been roundly criticized by business organizations such as the Chamber of Commerce and the ...

The new Income Tax Bill aims to replace the outdated 1961 Act, simplifying direct tax laws, reducing ambiguities, and curbing ...

The Supreme Court has relisted two Second Amendment cases for its conference on Friday January 17. They include Snope v. Brown, which concerns whether Maryland may ban semiautomatic rifles that ...

The new year is already heralding significant tax innovations in Israel in general, and in real estate taxation in particular. Following ...

During the campaign, President Donald Trump floated an “all tariff policy” he said would replace federal income tax. Here’s ...

On February 1, 2025, the Union finance minister submitted her submissions on revised Procedures, amendment of Sections, Tax proposals (both Direct and Indirect), etc. There was also the announcement ...

The latest clarification classifies ULIPs as capital assets, with proceeds taxed under ‘capital gains’ instead of ‘income ...

Budget 2025 has clarified that ULIPs where annual premiums exceed Rs 2.5 lakh a year or 10 percent of the sum assured will be ...

The Finance Bill, 2025, introduces significant changes to penalty provisions under the Income Tax Act. Sections 271C, 271CA, 271D, 271DA, 271DB, and 271E will now allow penalties to be imposed by the ...

The amendment in the Finance Bill 2025 provides some relief to taxpayers by offering them a second chance to comply with the ...