New Income Tax Bill omits deduction for inter-corporate dividends under concessional rate
Income Tax Bill 2025 eliminates deduction for inter-corporate dividends for companies opting for 22% tax rate, causing double ...
Income Tax department activates section wise mapping of I-T Act, Tax bill
New Income Tax Bill, 2025 simplifies tax laws, reduces word count, introduces 'tax year', and enhances readability for ...
Income Tax dept activates section-wise mapping of old I-T Act, new tax bill
Income Tax payers can now match the sections of the I-Tax Act, 1961, with the corresponding clauses in the simplified I-T ...
India’s Income Tax Bill sets the stage for significant reforms
It simplies the country’s income tax law to make it easier to grasp, enhance compliance and reduce litigation. While it makes ...
Does the New Income Tax Bill omit deduction for inter-corporate dividends under section 80M?
A company can claim a deduction for dividends received from domestic or foreign companies, or from business trusts, when ...
Your property taxes pay for your local schools. Utah lawmakers might change that.
The way Utah schools get their money may soon change — if a bill in the Utah Legislature, which would require local property ...
Income Tax Bill 2025 drops inter-corporate dividends; what does this mean for companies
Under Section 80M of the present income tax law, Indian companies are allowed to deduct dividends received from domestic or foreign companies, as well as business trusts, when these dividends are ...
How Tiesto's celebrity tax attorney hid $100M in income for his client list of millionaire DJs and models
Holland's "Taxman to the Stars" Frank Butselaar may have to pay Tiesto's back taxes after being sentenced for tax fraud in ...
Income-Tax Bill 2025: How provisions, sections for senior citizens have been covered under the new bill
In accordance with section 153 of the Income-Tax Bill 2025, senior citizens are eligible to claim a tax deduction of Rs ...
Southeast Missourian17h
Missouri House votes on party lines to eliminate income tax on capital gains
The Missouri House passed a bill to eliminate state income tax on long-term capital gains, mainly along party lines. The move ...
You may still be able to slash your taxable income by up to $17,300 before filing—here's how
As with an IRA, you have until April 15 to make a 2024 contribution. For the 2024 tax year, individuals can contribute up to ...
Opinion
Why reselling concert and sporting tickets online could cause you an IRS audit
Be careful if you sell online. The IRS may know a lot more about your side hustle this tax season. And it is cracking down on those who fail to report the added income.