A recent report brought out by the Union ministry of rural development claims that poverty should not be measured by the lack of a subsistence level of income alone. Subsistence income is usually esti...

The government on Saturday extended the deadline for filing returns by individual taxpayers for 2019-20 by a month till December 31. For those taxpayers whose accounts need to be audited, the deadlin...

Giving cash handouts directly to citizens to address the economic pain is being advocated by many economists and public policy experts, including former RBI governor Raghuram Rajan. Yunus compared th...

A professor of psychiatry at CMC Vellore said women had specific roles that were not “appropriately acknowledged”. “Sometimes some roles, for example the role of a caregiver, is not...

Some changes in tax collection at source (TCS) will take effect from October. They relate to tax collection at source for foreign remittances and sale of goods in a year in excess of Rs 50 lakh by se...

President Donald Trump said on Monday he paid “many millions of dollars in taxes” but was entitled to depreciation and tax credits and added that he was under-leveraged, having more assets...

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“A government that robs Peter to pay Paul can always depend on the support of Paul.” — G.B. Shaw History suggests that high and accelerating debt levels are common during wars. Covi...

Just as a government budgets its annual expenditure plan, for individuals a budget of expenses along with a financial self-audit can help to keep track of how one’s earnings are s...

The income tax department has provided refunds worth Rs 80,000 crore to over 24 lakh taxpayers so far this financial year. This includes personal income tax refunds of Rs 28,180 crore issued to over ...