GEORGE FLYOD CASE PRIMARY ACCUSED DEREK CHAUVIN AND WIFE ARE ALSO TAX EVADERS, CHARGED LIKEWISE

Highlights: 

• Derek and his wife have been defaulting on and filing false tax returns since 2016
• They have been charged on tax default cases now 

Derek Chauvin, the ex Minneapolis police officer became the name that stood for police brutalit...

INCOME TAX DEPARTMENT REVISES TAX DEADLINES AND PENALTIES

As per the latest extensions announced by the Income Tax (I-T) Department in order to safeguard tax payers from the effect of COVID-19 lockdown and all other problems associated with it, all the due dates for filing tax returns, making tax-saving investments and Aadhaar-PAN linking have been revi...

5 adjustments in income tax projected from the budget of this year

The reduction of the corporate tax rate led to the expectation that Finance Minister Nirmala Sitharaman would declare in the budget this year that some relief will be granted to personal income tax. From the rejection of income tax deductions to higher deductions, expectations are high, although ...

Income Tax explores on UPL premises

A country’s success and its future majorly depend on the leaders of the country. If the political leader of a country is sincere and loyal towards the best of interest of the country then the nation must strive to the highest limits of the sky. But on the contrary, if the country has not ve...

Income tax cuts, slab rejigs on table for budget 2020

In an attempt to revive growth and boost consumption, the government is examining proposals ahead of the budget - new slabs for those earning higher incomes, a flat tax rate without exemptions and cuts in personal income tax in line with those in corporate tax.

Before a decision is take...

Policies being reformed

The Indian insurance scene has been seeing mixed signals as the general insurances rise but life insurance is seeing a decline in popularity as well as sales and premium. The consumers are not buying insurance so as to avoid high premiums that the companies levy and not give the returns when requ...

When feeling overburdened, the Taxpayer should contact a Low Income Taxpayer Clinic (LITC)

As specified by Patrick Thomas, Regardless of changes that caused a reduction in taxes for a lot of people, the changes to the IRS’s tax policy will now make for individuals accountable for taxes or they’ll receive a refund lesser than anticipated by them. Thomas recommended: “If taxpayers owe an...