The Latest Breaking News from Income Tax

The ex-Chancellor was accused of “jam tomorrow” by Liz Truss’ allies as he made the pledge if he enters Downing Street on September 5

The former chancellor, setting out his ‘radical tax vision’, faced renewed accusations of U-turning on tax.

The impact of inflation on federal income tax brackets and some other tax credits might not be all bad.

On July 22, the Idaho secretary of state announced that an initiative that would increase income tax and corporate tax rates to provide additional education funding had submitted the required number of signatures for the November ballot. 

Chennai

In his message on the occasion of Income Tax Day, he said the tax department has reported the highest ever tax collection of ₹14.09 lakh crore

Revenue Secretary Tarun Bajaj said over 2.3 crore income returns were filed by July 20 for fiscal 2021-22 and the numbers are picking up.

Former chancellor’s pitch is ‘fiscal responsibility’ – but he is under pressure to accelerate planned 1p cut off 20p rate

Always keen to be identified as the party of low taxation, the Conservatives won the 2019 general election on a promise not to raise income tax, VAT or national insurance. So last year’s national insurance increase was bound to rankle, even though it could feasibly be blamed on the huge…

A tax reform proposed by Colombia's President-elect Gustavo Petro will raise $10.9 billion annually via a progressive income tax, the elimination of business exemptions, and tackling evasion, his incoming tax agency head said on Thursday.

BENGALURU: Income tax department sleuths on Monday carried out searches at over 40 locations connected to two leading real estate groups of Bengaluru and Hyderabad engaged in construction, educational and hospitality services.