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 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.

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 ...

Musk posted on X (formerly Twitter) that he had “deleted” 18F, the group responsible for creating the IRS Direct File program. That caused some users on social media to incorrectly report that ...

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 ...

WASHINGTON (AP) — Billionaire tech mogul Elon Musk posted Monday on his social media site that he had “deleted” 18F, a government agency that worked on technology projects such as the IRS ...

20, 2025. (AP Photo/Matt Rourke) WASHINGTON (AP) — Billionaire tech mogul Elon Musk posted Monday on his social media site that he had “deleted” 18F, a government agency that worked on technology ...