Business Line6d
Tax Query: Filing returns with STCG and interest income
Prior to the amendments in July 2024, as per section 111A of the Income Tax Act, 1961 (the Act), STCG on listed securities were taxed at 15 per cent. However, after amendment made by Finance (No.2 ...
Business Line4d
Zero-tax filers make up two-thirds of ITR submissions
About 66.5 per cent of the income tax return filers have zero tax liability, data presented in Lok Sabha on Monday showed. The number nearly doubled in FY25 as compared to FY20. In a written reply ...
Yardbarker13d
Clippers Moving Below Tax Line In Trading PJ Tucker To Jazz
That means the Clippers will be about $ million below the tax line as a result of the deal. As written by Tristan Tucker of Hoops Rumors: “Besides generating significant savings this season ...
Zee Business6d
New Income Tax Bill set to be tabled in Parliament next week
Before the Income Tax Bill was cleared by the Cabinet, people in the know said that the legislation would likely provide directions to widen the tax net, given the contraction in the tax base ...
Mint13d
New income tax slabs: How much will you the taxpayer save, end up paying, explained
Budget 2025 Explained: FM Nirmala Sitharaman proposes BIG relief for the middle class. ZERO tax on up to ₹12.75 lakh income. Budget 2025 brought unexpected cheer to a large section of middle ...
Live 5 News10d
Green Space Sales Tax set to expire in Beaufort County
COLUMBIA, S.C. (WCSC) - Beaufort County residents can expect a drop in sales tax in a few weeks. The South Carolina Department of Revenue says the county’s Green Space Sales Tax will expire on March 1 ...
Mint10d
What does no income tax up to ₹12 lakh really mean? Decoding differences between tax rebate, deduction & exemption
Tax rebate will be provided to those earning up to ₹12 lakh under the new tax regime. In the Union Budget 2025, Finance Minister Nirmala Sitharaman mentioned that the ‘nil income tax’ slab w ...
Crime9d
Rachel Reeves' tax plan set to hit state pensioners amid calls to change it
A fresh online petition is urging the UK Government to raise the personal tax allowance from £12,570 to £20,000 to assist low-income individuals "get off benefits and allow pensioners a decent ...
KERA News4d
Gov. Greg Abbott wants to set a high bar for local tax increases
DALLAS — Gov. Greg Abbott, in his bid to curb Texas’ high property taxes, wants Texas voters to have the final say on any property tax hike. Local governments that collect property taxes ...
1011 Now10d
Extension of Lincoln on the Move sales tax set to appear on April ballot
LINCOLN, Neb. (KOLN) - Whether or not the Lincoln on the Move sales tax will continue to be in effect will be up to voters to decide come this April. The Lincoln on the Move sales tax was first ...
NDTV12d
Revised Income Tax Slabs, Old Regime vs New Regime? Top Questions Answered
The Budget document specifies that the new slabs are for those opting for the New Tax Regime, in line with the Centre's push for this new regime that aims to simplify personal tax by doing away ...