JD Supra1d
Treasury and IRS Release Guidance on Clean Fuel Production Credit
The U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) have released a notice of intent to propose regulations and ...
New vs old income tax regime after Budget 2025: 8 salary perks to save around Rs 1.35 lakh income tax under old regime
New versus old income tax regime post Budget 2025: The new tax regime starting FY 2025-26 offers tax exemption for earnings ...
EconomyNext6d
Sri Lanka luxury tax anomaly for cabs not linked to vehicles for MPs: Minister
Sri Lanka's exemption of a luxury tax from cabs was not linked to attempts to give vehicles to members of parliament, Cabinet ...
After a chauffeur scandal in NSW we checked if other state politicians had similar perks. Here's what we found
For years politicians have used their private travel paid for by the taxpayer in questionable ways — from chauffeuring pet ...
JD Supra11d
Questions and Answers: Initial Section 45Z Clean Fuel PTC Guidance
The U.S. Department of the Treasury and IRS on Jan. 10, 2025, released initial guidance regarding the production tax credit (PTC) for clean ...
moneycontrol.com13d
Income tax expectations: Will Budget 2025 raise the basic exemption limit, standard deduction under the new regime?
Increase basic exemption limit to Rs ... from 10 percent of basic pay to 14 percent under the new regime. However, this tax break, offered under section 80CCD(2) is available only to salaried ...
Budget Day Is Here! Will Middle Class Finally Get the Tax Relief They Deserve? All Eyes on Nirmala Sitharaman
Budget 2025 is highly anticipated by India’s middle class, expecting significant income tax relief amid rising inflation and living costs. Key expectations include raising the basic exemption limit to ...
Teesside Gazette14d
DWP warned struggling pensioners cutting down on food and baths after benefits change
Unite general secretary Sharon Graham claimed: “Our survey shows that pensioners are suffering real-life effects of this needless cut to winter fuel allowance. Retirees should be able to live ...
Tax Guru14d
Exemption Under Section 54F Allowed Even If Claimed Post section 148 notice
The Income Tax Appellate Tribunal (ITAT) Visakhapatnam recently ruled on a case where the assessee sought exemption under Section 54F of the Income Tax Act, even though the claim was not initially ...
news.bloomberglaw14d
Small Refineries Sue Challenging Renewable Fuel Exemption Orders
Under the Clean Air Act, the EPA is responsible for the renewable fuel standards program, which sets the amount of renewable fuel required to be blended annually into the nation’s supply of gasoline ...
Mint14d
Income Tax Calculator: Compute your tax under old and new regimes here
Although the new tax regime does not offer most exemptions and deductions given under ... covered in section 10(5). 2. HRA exemption as covered in section 10(13A) 3. Any other allowance as covered ...
Worcester News15d
List of medical conditions exempt from paying council tax
If you think that you have a medical condition that could mean you’re exempt or receive a discount for council tax, you can check the full list of SMIs below. Although the above is a list of ...