Under the new tax regime, as per Section 115BAC, taxpayers are required to forego many of the deductions available under the ...

Finance Act, the government extended the "Specified Fund" tax regime to retail schemes in IFSC, subject to prescribed ...

As 2025 begins, it’s the perfect time to hit refresh on your financial goals that you may have procrastinated over the past ...

GST exemption also makes vouchers more appealing to consumers, who can redeem them without the worry of extra taxes, ...

The budget has created a tax arbitrage for non-resident Indians (NRIs) investing in unit-linked insurance plans (Ulips) ...

Robert Powell: The Tax Cuts and Jobs Act was enacted in 2017 and was scheduled to sunset after 2025, but who knows in the wake of the federal election. Here to talk with me about this is Noah Harden, ...

Inheritance tax receipts are on the rise and experts have warned that gifting money to loved ones could have implications for ...

On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

Brits who have gifted money to family members in the past seven years have been warned that they could be liable for ...

The 2024 law is similar to a law Pritzker signed in 2019 creating a property tax relief task force. The report that resulted ...

“US persons" (i.e., US citizens and resident aliens) are subject to gift, estate, and generation-skipping transfer taxes on their worldwide assets. Others who are non-US citizens, first have to ...

Designed to thwart the wealthy’s attempts to circumvent the estate tax, which after death gobbles up to 40 percent of one’s assets over $13.99 million, the IRS’s “gift tax” stipulates ...