The new tax regime is the default tax regime. The highest tax rate of 30% is applicable from net taxable income above Rs 15 lakh. However, the new tax regime offers limited deductions to the taxpayer.

ITAT Raipur held that exemption under section 11 and section 12 of the Income Tax Act not admissible to assessee society due to non-furnishing of return of income as required u/s. 12A (1) (b) of the ...

The petitioner was served with assessment orders in Form GST DRC-07, dated 07.06.2022, 07.06.2022 and 08.01.2022, passed by ...

The non-partisan Peterson Institute for International Economics has estimated Trump’s new proposed tariffs would lower the ...

Since his 2018 appointment to the role of Lee County Sheriff, Carmine Marceno's net worth has increased to over a million dollars. How has he done it?

ZEELAND, Mich., Jan. 31, 2025 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today ...

How did spectacular fiscal incompetence and a revolution replace the old political elite and ruling class with the new ...

Tax filing season is officially underway and taxpayers should be on the lookout for W-2 and 1099 forms, among other ...

The IRS announced the official start date for tax filing season is Monday, Jan. 27, 2025, for those who like to get an early ...

First-time filers sometimes fall into the trap of believing that only full-time, permanent employees have to file and pay ...

So, no matter how early you file, remember that the federal tax return deadline (Tax Day) is April 15th, 2025. The federal ...

To begin with, the IRS offers a series of directions on its website to help US citizens determine what their taxes are, ...