INDIA bloc disintegrating as it doesn’t have ideology, says Bawankule

INDIA bloc disintegrating as it doesn’t have ideology, says Bawankule

Nagpur: Maharashtra Minister and state BJP chief Chandrashekhar Bawankule on Monday claimed the INDIA bloc was disintegrating as it has no ideology and policy for the nation’s development. Speaking to reporters in Nagpur, Bawankule said the INDIA bloc was broken and scattered, and in Maharashtra, the Shiv Sena (UBT) was against the Congress. “The INDIA … Read more

ESOP Taxation Explained: Here’s How Employees Are Taxed On Stock Allocation

ESOP Taxation Explained: Here’s How Employees Are Taxed On Stock Allocation

Last Updated:January 01, 2025, 16:31 IST ESOPs, or Employee Stock Ownership Plans, are benefit schemes where companies grant their staff an ownership stake. ESOPs are employee benefit schemes where companies grant their employees a stake in ownership. (Pic for representation) Employee Stock Ownership Plans (ESOPs) have become a popular means for companies to reward their … Read more

Income Tax Act Review: Govt to Invite Suggestions from Industry Next Month, Says Report

Income Tax Act Review: Govt to Invite Suggestions from Industry Next Month, Says Report

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

Colorado lawmakers reject PERA funding change as system faces crunch

Colorado lawmakers reject PERA funding change as system faces crunch

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

Colorado economic forecasts show TABOR refunds impacted by tax credits

Colorado economic forecasts show TABOR refunds impacted by tax credits

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

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

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

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

WHY you absolutely should file a 2024 tax return if you earn less than R500k

WHY you absolutely should file a 2024 tax return if you earn less than R500k

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

WHAT to do if you’re unhappy with your 2024 tax refund

WHAT to do if you’re unhappy with your 2024 tax refund

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

Income tax: Deluge of income tax notices likely this month

Income tax: Deluge of income tax notices likely this month

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

Why 90% of refunds were inexplicably reversed

Why 90% of refunds were inexplicably reversed

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