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The Latest Breaking News from Income Tax

Australia's budget is a 'hell of a mess'. The government is not collecting enough, and you are paying too much

The government is not collecting enough money, and you are paying too much, says the former Treasury boss.

ABC News

G Square denies reports of cash seizure during I-T searches

G Square Realtors Pvt. Ltd. has denied reports of the seizure of ₹3.50 crore during income tax searches conducted at its offices recently

The Hindu

Brazil's Lula pledges new minimum wage policy, expanded tax exemption

Brazilian President Luiz Inacio Lula da Silva pledged on Sunday to introduce a new policy of real increases in the minimum wage and announced plans to raise the income tax exemption for lower-income earners.

Reuters

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DN Exclusive: Income tax raids continue for 3rd day on Gallantt Group; hawala connection busted, many bureaucrats' black money invested

Tax evasion of more than Rs 500 crore has been detected by the officials of the Income Tax Department in the raids going on for three days on the Gallantt Group involved in real estate and steel business in several states of the country. It is estimated that this figure…

Dynamite News

‘Used foreign funds to oppose Adani project’: I-T report on Ritwick Dutta

Before environment lawyer-activist Ritwick Dutta was booked by the CBI, an income tax department report had last year accused him of opposing overseas projects led by Indian entities, including the Adani Group. It had also accused him of using foreign money to partner with domestic NGOs, including an RSS affiliate.

Newslaundry

Countrywide Income Tax raids on Gallantt Ispat Limited of Gorakhpur; troubles escalate for MD Chandra Prakash Agarwal

Several Income Tax teams on Wednesday raided at various locations of Gallantt Ispat Limited in UP, Gujarat, Delhi and West Bengal over alleged massive tax evasion. Read further on Dynamite News:

Dynamite News

A taxing exercise for NZ's wealthiest 0.01 percent

Kitted out with new research into the shares, property and trusts of nearly 400 of the country's richest families, the Government will today discuss how to level the taxation playing field. Jonathan Milne reports.

Newsroom.co.nz

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French government invites taxpayers to tell them where to spend their money

As French income tax season opens, the government wants to know what people think should be done with their taxes, and has launched a programme for taxpayers to tell them.

Radio France Internationale

Jeremy Hunt rakes in £40 billion more in income tax and NI as stealth taxes hit millions of workers, experts say

The Chancellor faces calls to cut taxes as Government annual borrowing was £13.2 billion lower than the Office for Budget Responsibility forecast last month

Evening Standard

Karnataka: Income Tax raid at Ankita builders’ houses in Hubballi

The Income Tax Department on Tuesday conducted raids at the office of private real estate developer Ankita Builders and its owner Narayan Acharya's residence in Karnataka's Hubballi. Read further on Dynamite News:

Dynamite News

I-T searches conducted at Chennai-based G Square Realtors

Income Tax officials conducted searches on several premises belonging to G Square Realtors Pvt. Ltd. across Tamil Nadu

The Hindu

Income Tax officials search premises of former Belthangady Congress MLA K. Gangadhara Gowda in Karnataka

Income Tax sleuths on April 24 searched the assets of former Belthangady Congress MLA and former Congress minister K. Gangadhara Gowda and his son Ranjan G. Gowda, who is the president of Belthangady Congress unit.

The Hindu

Tamil Nadu: Income Tax dept conducts searches at premises of private firm with alleged DMK links

The Income Tax (IT) department is conducting searches at multiple locations in Tamil Nadu. Read further on Dynamite News:

Dynamite News

Income Tax checks underway at real estate firm G Square’s offices in T.N.

The Income Tax Department is conducting checks at the offices of real estate firm G Squares in Tamil Nadu. Read more about the investigation on The Hindu.

The Hindu

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USAFacts

Which states have the highest and lowest income tax?

Forty-three states and Washington, DC, collect income taxes every year—and seven states collect no income tax. Here’s where you can expect to pay more, or less.

Daily Record

New State Pension increase this month could see more retired people paying tax

The full new State Pension is worth £10,600 over the 2023/24 financial year.

Kiplinger

How to Lower Your Tax Bill Next Year

Knowing how to lower your tax bill (pay less taxes) requires some strategizing. Here are a few tax tips to help make it happen.

Chicago Tribune

Commentary: Lotteries are a regressive tax. Why do progressive governors support them?

As states look to generate more revenue in an inflationary economy, along with the risk of a recession, progressive governors like J.B. Pritzker of Illinois who advocate for progressive income taxes also support one of the most regressive taxes: lotteries. This sort of “taxation” increases revenue without the stigma associated…

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news in one place.

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The Independent UK

Bidens paid 23.8% taxes on $579,514 earnings, returns show

President Joe Biden and his wife, Jill, made $579,514 last year and paid $137,658 in federal income taxes

The National (Scotland)

First Minister hints he'll hike taxes on wealthiest for public spending boost

THE First Minister has expressed interest in proposals which would see income tax hiked on the wealthiest in society to raise more money for the…

Daily Record

Trade union chief demands new income tax rate on earnings over £75,000

Roz Foyer also said more strikes were "unavoidable" unless Government pay policy changed

The Independent UK

New push on US-run free electronic tax-filing system for all

It’s that time of year when throngs of taxpayers are buckling down to file their income tax returns before Tuesday’s filing deadline, and many often pay to use software from private companies such as Intuit and H&R Block

The New Daily

Ask the Expert: How to maximise your super return – and do taxes ever come to an end?

Question 1: When do you stop paying tax? Death and taxes. It can sometimes take the former to stop the latter. Basically, you stop paying income tax when

Kiplinger

Do You Have to File Taxes This Year?

If you meet certain income requirements, you are required to file a federal tax return this year. You could face penalties if you don't.

Axios

Tax deadline 2023: Tuesday is last day to file taxes or an extension

Uncle Sam is giving an extra three days to file income tax returns and pay taxes this year.

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