Following cabinet approval, the new Income Tax Bill was introduced in Parliament on Thursday by Nirmala Sitharaman. This bill replaces the Income Tax Act of 1961 and aims to simplify India's tax ...

Hindustan Aeronautics Limited (HAL) is developing CATS Warrior, an indigenous India's new wingman drone. The unmanned combat aircraft is designed to assist fighter pilots, conduct various missions, ...

A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly. Learn more about common tax breaks and how to claim them. Many, or all, of the ...

A tax expense is a liability owed to a federal, state, or local government within a given time period, typically over the course of a year. Tax expenses are calculated by multiplying the tax rate ...

A tax base is the total value of all of the assets, income, and economic activity that can be taxed by a taxing authority, usually a government. It is used to calculate tax liabilities.

Elon Musk, head of the chaos-causing Department of Government Efficiency, made an assertion this week that raised questions in some people’s minds about the status of the IRS Direct File program.

An Amazon executive told employees during a recent internal meeting that the company remained committed to diversity, equity, and inclusion. The tech giant has changed some of its websites about ...

The National Stock Exchange of India Ltd. reported a 22% quarter-on-quarter increase in its bottom line due to a one-time gain of Rs 1,155 crore even as revenue fell 4% in the same period for the ...

A slowdown in cloud-computing sales dragged down Google’s revenue growth in its most recent quarter, sending its shares tumbling in after-hours trading.

The average American who hires a tax preparer to file even a simple return will spend upwards of $200, according to industry estimates. This year, however, taxpayers have more options than ...

That’s because your employer withholds some money from each paycheck in the form of withholding taxes, which help pay your income tax bill throughout the year. It’s important to understand how ...

Now that the 2025 tax season has started, you may feel concerned that you have an additional incentive to prepare and file your tax return carefully: fear of an IRS audit. Perhaps you were a vocal ...