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Finance Commission's tax devolution formula sparks mixed reactions from states

Published on Feb 1, 2026 23:56 IST

There was no change in states’ share in central taxes from the 15th FC and it will continue to be 41 per cent.

What is STT? Sitharaman proposes hike of up to 150% on F&O trading in Budget

The hike in STT is expected to increase transaction costs for active and short-term trading strategies

Updated on Feb 1, 2026 12:22 IST

Did the IRS announce a ‘new tax benefit’ for 2026? Here's what to know

A view of the Internal Revenue Service building in Washington DC.

Updated on Jan 22, 2026 01:37 IST

Is the $1,776 Warrior Dividend taxable?

The clarification comes as service members prepare for the upcoming tax filing season.

Published on Jan 19, 2026 02:23 IST

Here’s what you need to know about the IRS car tax deduction

The deduction is temporary and applies to vehicles purchased through 2028.

Published on Jan 2, 2026 06:13 IST

IRS to give 'gigantic' tax refunds in 2026; Scott Bessent reveals key details

Representational.

Published on Dec 26, 2025 03:08 IST

Which US states are sending tax refunds before 2025 ends?

State tax systems operate independently, giving them more flexibility in issuing refunds and relief payments.

Published on Dec 21, 2025 23:11 IST

Why China is imposing 13% tax on condoms after years of exemption | Explained

A participant hugs a condom mascot during an event to promote awareness of HIV testing ahead of the Dec 1 World AIDS Day, in Beijing, China.

Updated on Dec 12, 2025 09:43 IST

IRS tax refund: Here's why your 2026 refunds could see major spike

2026 tax refund: Federal tax refunds are expected to surge in 2026, offering significant financial relief due to new tax regulations and higher deductions.

Published on Dec 1, 2025 12:05 IST

ITR refunds: What's causing the delay? CBDT chairman shares update

CBDT chairman said that some of the income tax refund claims were identified as "high-value" or were "red-flagged" by the system due to claims of certain deductions.

Published on Nov 26, 2025 09:45 IST

When did Trump's no tax on overtime start? List of states where it doesn't apply

US President Donald Trump walks on the South Lawn of the White House.

Published on Nov 17, 2025 18:14 IST

Niti Aayog calls for a modern tax framework for trust-based governance

Phot for representation

Published on Oct 10, 2025 08:02 IST

IRS raises 2026 tax brackets: How married couples and single filers compare

IRS tax bracket breakdown: Income categories, changes in capital gains explained for US taxpayers

Published on Oct 9, 2025 18:04 IST

Which sectors will benefit from GST council's new reforms? Check full list

As per information made public via government sources, essential goods and daily-use items are among the biggest beneficiaries.

Published on Sep 21, 2025 12:26 IST

ITR filing deadline on September 15, over 6 crore returns filed

Should you opt for both NPS and EPF in the new tax regime?

Published on Sep 14, 2025 05:05 IST

CBI deports fugitive Harshit Jain from UAE in tax evasion, money laundering case

"The subject was deported from the UAE and was handed over to the Gujarat Police on September 5 at Ahmedabad International Airport," CBI said.

Published on Sep 5, 2025 11:13 IST

Weight loss expert reacts to 40% GST on sugary drinks: 'Not just a tax policy'

Consumers may face higher prices for sugary drinks, potentially leading to reduced consumption. (Freepik)

Published on Sep 5, 2025 09:53 IST

Tax cut bonanza cleared in GST regime overhaul, new slabs from Sept 22

Union finance minister Nirmala Sitharaman addresses the media regarding the 56th GST Council meeting. (PTI)

Updated on Sep 4, 2025 03:18 IST

Green card holder in China slams US tax laws on foreign income

The IRS clearly states that both US citizens and green card holders living abroad must report and pay taxes on their worldwide income.

Published on Aug 13, 2025 12:38 IST

India’s direct tax collections contract by 1.87%, refunds up by 10%: Govt data

Refunds to corporate taxpayers surged over 21.24% to <span class='webrupee'>₹</span>1,03,863 crore in the current period. (Mint File Photo)

Updated on Aug 12, 2025 13:03 IST

ITR-3 filing open: Who can file, how to file, key rules for AY 2025-26 | Details

ITR-3 filing announcement was made on 30 July 2025 through a public notice, and is now is now available on the department’s e-filing website.

Published on Jul 30, 2025 14:02 IST

ITR 2025: What are the five sources of income liable for tax? Details inside

Aimed towards making tax calculation easier and more structured, taxpayers must carry out this step before calculating your income tax liability.

Published on Jul 25, 2025 14:36 IST

Bengaluru small businesses mull 3-day protest over GST notices: Report

Bengaluru GST-UPI row: Small traders and businesses also planned a bandh on July 25.

Published on Jul 23, 2025 05:15 IST

‘Dear Elon bhai’: Indians react to expensive Tesla model with humour, memes

Tesla Model Y Rare-wheel drive is priced at <span class='webrupee'>₹</span>59.89 lakh in India.

Updated on Jul 16, 2025 02:59 IST

Trump's Big Beautiful Bill: How it impacts child tax credit and student loans |

President Donald Trump walks to board his motorcade vehicle at the North Portico of the White House, Thursday, July 3, 2025. (AP Photo/Mark Schiefelbein)

Published on Jul 3, 2025 21:16 IST

Founder of US yoga business gets 4 years in jail over $2.5 million tax evasion

Gregory Gumucio, 64, of Colorado Springs, Colorado, was sentenced in Manhattan federal court

Published on Jul 1, 2025 05:29 IST

IRS tax refund to arrive in June: Here's how much you will receive

IRS is sending tax refunds this month

Published on Jun 9, 2025 04:06 IST

Georgia tax rebate: Here's when you will receive your money and who is eligible

Georgia Tax Rebate: When will you receive your money?

Published on Jun 1, 2025 02:45 IST

Elon Musk is ‘disappointed’ with Donald Trump's tax bill. Here's why

The network released an excerpt of the Elon Musk interview. It will be broadcast on CBS Sunday Morning this weekend.

Published on May 28, 2025 05:39 IST

IRS tax refund update: Who's getting their check this week?

The Internal Revenue Service (IRS) is anticipated to make a fresh batch of payments this week to individuals who submitted their federal income tax returns in late April.

Published on May 6, 2025 02:22 IST

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