Self-employment income widely underreported, survey shows
Among older workers, the majority of self-employment income missing from tax records is due to unreported earnings to the Internal Revenue Service rather than differences in how income is classified, ...
As Mississippi session passes halfway point, Medicaid expansion looks unlikely. See why
As the 90-day session comes closer to an end, the idea of Medicaid expansion isn't looking very promising this year in ...
Mississippi Lt. Gov. Delbert Hosemann collapses during Senate session
Lt. Gov. Delbert Hosemann collapsed Wednesday morning while the Mississippi Senate was in session. Before he collapsed, ...
Tax Guru6d
Cash sourced out of recorded sales cannot be added again u/s. 69A: ITAT Chennai
ITAT Chennai held that when the cash is sourced out of recorded sales, the provisions of section 69A of the Income Tax Act could not be invoked since sales have already been offered to tax and taxing ...
The Indian Express18d
With zero tax upto Rs 12 lakh, you will take home the same as someone with income of Rs 12.71 lakh. Here’s why
The announcement of Nil tax for those with taxable income of up to Rs 12 lakh has brought cheer to all who fall in that category. However, many who are marginally above that ceiling will end up taking ...
Indiatimes20d
Budget 2025 income tax: Raise 30% income tax slab; provide flat 30% deductions on gross income - here’s why
Adhil Shetty, CEO of BankBazaar, urges Finance Minister Nirmala Sitharaman to raise the 30% income tax threshold to ₹18 lakh in Union Budget 2025, restructure the tax brackets, and introduce a ...
Yahoo Finance22d
What is passive income, and how do I generate it through investing?
The nation’s top wealth holders — who the Internal Revenue Service (IRS) defines as those with gross assets of $11.4 million or more — have multiple sources of income, including stocks ...
Philippine Daily Inquirer23d
PH seen stuck in middle income trap until 2050
MANILA, Philippines — The Philippines might only be able to break free from the “middle-income trap” in 2050 as it struggles to corner more job-generating foreign investments, Nomura said in ...
CoinDesk23d
Ondo Finance's $185M Tokenized U.S. Treasury Offering Joins the XRP Ledger
Ondo Finance, a tokenized real-world asset platform, is bringing its $185 million U.S. Treasury token to the enterprise-focused XRP Ledger network to expand the offering for institutions ...
Tax Guru23d
No Section 69A addition on suspicion: ITAT Mumbai deletes ₹3.05 Cr addition
The ITAT admitted additional evidence in the form of a stock summary, presented for the ... 5,06,000/- in the return of income. 3. During the course of assessment proceedings, the assessee furnished ...
CoinTelegraph23d
Ondo Finance’s tokenized US Treasury to join XRP Ledger
Tokenization protocol Ondo Finance plans to deploy its tokenized US Treasury fund on the XRP Ledger, giving investors access to institutional-grade government bonds that can be redeemed with ...
NetNewsLedger23d
Ways Seniors Can Boost Income After Retiring
Retirement is the start of a new chapter, but the transition might bring financial hardships for many seniors. Increasing income after retirement can bring financial stability and personal ...