Published By: Mohammad Haris Last Updated: September 29, 2024, 14:10 IST Finance Minister Nirmala Sitharaman in 2024-25 Budget presented in July had proposed that the I-T law review would be completed in six months. The government says that a functionality will be created in the Income Tax portal wherein suggestions could be made on different … Read more
Lamenting the uneasy budgetary situation facing the state, Colorado lawmakers rejected a proposed bill Friday that would have increased annual payments to the Public Employees’ Retirement Association in times of inflation. “I think it’s a good concept. I don’t see how we can afford it this year,” Rep. Rick Taggart told fellow lawmakers on the … Read more
Expect Colorado’s upcoming state tax refund to be the last big one for a while. Forecasts by legislative economists released on Thursday predict a softening of economic conditions, tighter budget forecasts and recent changes to state law. Together, those are expected to decrease state refunds due under Colorado’s Taxpayer’s Bill of Rights, or TABOR, from … Read more
Home Entertainment Shah Rukh Khan Becomes the Highest Tax Payer In India, Can You Guess Who’s Second on the List? It’s Not Salman, Aamir, or Rajinikanth Bollywood actor Shah Rukh Khan made it to the top of the list as India’s highest tax paying actor in 2024. The list also includes names of popular celebs, … Read more
As most South Africans are aware, the window for non-provisional taxpayers to submit a 2024 tax return opened on Monday 15 July 2024. And the deadline runs until Monday 21 October 2024. Provisional taxpayers have a slightly longer window into the beginning of 2025. However, the vast majority of South Africans will be submitting a … Read more
If you’re unhappy with your 2024 tax refund, the good news is you do have recourse with the South African Revenue Service (SARS). For many, with relatively straightforward 2024 tax returns, the process takes mere minutes through the SARS eFiling or MobiApp portals. In fact, for the vast majority of South African taxpayers, the trickiest … Read more
A flurry of income tax (I-T) notices loom over the next one month amid fears that many could slip through the tax net.Revenue officials have alerted the central authorities that it would be virtually impossible to reopen old tax returns for some of the past years before September 1, 2024, when the new law on … Read more
It’s been a week of 2024 tax chaos for SARS, following a systems error that led to tens of thousands of tax refunds needing to be reversed. The South African Revenue Service (SARS) has apologised for the system ‘challenges’ it experienced this week. And Business Tech reports that 90% of botched tax refunds have already been … Read more
The great Indian middle class — a segment that has been traditionally a core vote bank of the Bharatiya Janata Party but partly shifted from the saffron party in many states like Maharashtra, Uttar Pradesh, and West Bengal in the Lok Sabha elections — forced the BJP to reconsider its strategy. What makes the situation … Read more
Congress leader Jairam Ramesh targeted the Bharatiya Janata Party-led Centre on Sunday, over the recent tax collection data, and said that individuals are paying more tax than companies, and the middle class is bearing the weight of heavy taxation while Rs 2 lakh crore has been put in “pockets of billionaires” due to slashing of … Read more
