Tax

Budget 2023: Govt’s last full Budget before general elections is inclusive and growth-focused

The Budget proposals try to meet the golden mean of the financial sector

Budget 2023 makes key corporate tax, personal tax announcements but there are some misses

There is no extension of sunset date for concessional tax rate for domestic manufacturing companies

Government may modify capital gains tax rules in upcoming budget: Report

Though according to Section 55(2)(ac) of the Income Tax (I-T) Act, the shares must be purchased before 1 February 2018, it is unclear if this condition should be followed in the situation of a subsequent acquisition.

Donald Trump paid $0 tax in 2020: Will he be punished?

Donald Trump’s tax returns have finally been made public and initial revelations show that the former US president paid $1.1 million in 2018 and 2019, but nothing in 2020. While this isn’t illegal, it looks bad for the 76-year-old who has announced his 2024 bid for the top job

GST: Here’s everything about government rules, online registration process and required documents

Most states mandate restaurants with annual sales of more than Rs 20 lakh to register for GST. A restaurant in a state that falls under a special category must register for GST if its total annual revenue exceeds Rs 10 lakh

What is windfall tax? Learn about its advantages and disadvantages

On 1 December, the windfall tax on crude oil was halved by the Indian government to Rs 4,900 per tonne

Want to calculate tax on income earned outside India? Keep these factors in mind

The exchange rate used to convert foreign currency income to Indian rupees for tax purposes is specified by income-tax regulations

How is income from mutual funds taxed? All you need to know

One receives income from regular dividends and capital gains on the sale of shares when one invests in a mutual fund. The holding period and the type of mutual fund decides the tax rate on capital gains arising from mutual funds

How much tax should you pay for income from freelancing and moonlighting? Details here

A person can claim up to 50 per cent of their entire income from freelance work as taxable income

Healthcare to climate change: All you need to know about Joe Biden's big $740 billion bill

The bill will infuse nearly $375 billion over the decade in climate change-fighting strategies, which is the biggest investment ever in the US. The Democrats believe it could put the country on a path to cut greenhouse gas emissions by 40 per cent by 2030