Tax Partner at EY India. The GST Council, headed by Sitharaman and comprising her State counterparts, in September 2021, set up a group of ministers (GoM) to rationalise GST rates and suggest ...

Goods and Services Tax (GST) Council is in the final stages of reviewing GST structure and a reduction of the levy would happen soon, union finance minister Nirmala Sitharaman, who chairs the ...

Individuals (other than trusts) may defer capital gains incurred on certain small business investments disposed of in 2024. This deferral applies to dispositions where you use the proceeds to acquire ...

Finance Minister Nirmala Sitharaman on Saturday said the GST rates will come down further and the work on rationalising tax rates and slabs has "almost reached a finale". She said that the revenue ...

“The ATO is increasingly providing its services online, but 65 per cent of tax agents say they had problems using these services, so many of them pick up the phone and call the ATO’s dedicated ...

Investopedia / Candra Huff A marginal tax rate is the percentage of tax applied to each additional dollar of income within a specific bracket, rather than being applied to the whole income.

Indian Overseas Bank (IOB) received a tax demand notice of ₹699.52 crore from the Deputy Commissioner (ST)-III, Large Taxpayers Unit, Chennai-35. The notice relates to quantum of alleged GST ...

Report the interest on line 12100 of your tax return. You have to calculate the average cost of each share at the time of the split to determine your new adjusted cost base. The average cost is ...

Rebutting Volkswagen's court plea, tax authorities listed 10 carmakers, from Mercedes-Benz to BMW and Hyundai, that correctly classified their imports, despite using "split consignments" to bring in ...

We are calling for an immediate increase in the lower tax threshold by £1,000 and for it to be updated annually in line with the triple lock to prevent pensioners from falling into taxation." ...

State pension payment rates rise every year thanks to the triple lock but this could lead to Britons being slapped with a tax on their retirement income over the next ...

FG Trade / Getty Images Claiming a son or daughter or other dependent can lower your tax bill in 2025 in four key ways. You don’t want to miss out on these important tax-saving opportunities.