Donald Trump Owes $ 315 Million to Multiple Lenders, Says Ethics Office

  Washington: President Donald Trump had personal liabilities of at least $315.6 million to German, US and other lenders as of mid-2017, according to a federal financial disclosure form released late on Friday by the US Office of Government Ethics. He had roughly $20 million in income from his new marquee Washington hotel, which opened just down More...

by Loknath Das | Published 2 weeks ago
By Loknath Das On Wednesday, June 14th, 2017
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Farmers May Have To Declare That Agriculture Is Only Source Of Income: Minister

MUMBAI: Maharashtra revenue minister Chandrakant Patil today said that beneficiaries of the farm loan waiver scheme may have to submit an affidavit stating that agriculture is their sole source of income. Government More...

By Loknath Das On Wednesday, June 14th, 2017
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Entrepreneurship and Income Inequality

Income inequality is growing in the United States at least in part because Americans’ incomes are more likely to be affected by entrepreneurial activity today than they were three decades ago. As Daniel Isenberg More...

By Loknath Das On Wednesday, June 14th, 2017
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Passive Income Blueprints: 5 Business Models for Any Niche

Have you ever looked at people who claim to earn tons of money for very little work and asked yourself, “What’s their secret?” Well, I’ll tell you. Their secret is almost always passive income. Passive More...

By Loknath Das On Wednesday, June 14th, 2017
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How Your Next Vehicle Could Save on Income Taxes

Did you know you could save up to $7,500 on your next vehicle — if that vehicle happens to be an all-electric or plug-in hybrid car? And that doesn’t even count any savings on fuel at the pump by using an electric More...

By Loknath Das On Saturday, June 10th, 2017
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Aadhaar Must For Income Tax Return Filing, New PAN From July 1: Taxman

New Delhi: The CBDT on Friday made it clear that Aadhaar will be a “must” for filing of Income Tax Returns or for obtaining a new PAN from July 1. The policy-making body of the Income Tax Department More...

By Loknath Das On Wednesday, June 7th, 2017
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Income Tax department might follow the GST path

India is soon going to follow the one-nation, one-tax principle after the implementation of the goods and services tax (GST) from July 1. However, the same principle might be adopted in a much more broader sense More...

By Loknath Das On Tuesday, June 6th, 2017
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Income tax return: Do super senior citizens have to file returns?

  My father is over 90 years of age and has income from pension, interest on fixed deposits and savings account. His total income is Rs 2 lakh per annum. He has no TDS refund claim. Is he required to file More...

By Loknath Das On Monday, June 5th, 2017
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Income tax return: Do super senior citizens have to file returns?

My father is over 90 years of age and has income from pension, interest on fixed deposits and savings account. His total income is Rs 2 lakh per annum. He has no TDS refund claim. Is he required to file income More...

By Loknath Das On Saturday, June 3rd, 2017
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Tories vow not to increase income tax for UK’s richest

The Conservatives have ruled out raising income taxes on the highest earners – despite having refused to make the same pledge for taxpayers on lower incomes. Theresa May has repeatedly refused to rule out raising More...