Summary: Presumptive Taxation under Section 44ADA of the Income Tax Act simplifies tax compliance for Indian freelancers earning from Indian and foreign clients. Freelancers in specified professions ...

CEA Nageswaran notes improved fiscal discipline, increased tax devolution benefiting states, and state-specific tax revenue growth in Economic Survey.

The fiscal deficit was 55% of the budget estimate (BE) of 2023-24 in the year-ago period. Total expenditure during ...

IRS Form 1099-K could be in your future if you sold items via online marketplaces like eBay and Venmo. Here’s what you need ...

Freelancers choosing Section 44ADA have to declare a minimum of 50% of their gross receipts as income, but they can still ...

Telangana State continues to register impressive performance in the collection of its own tax revenues. Telangana State’s own tax revenue (SOTR) accounted to 88% of its total tax revenue, which is the ...

An excise tax of 3.15 percent also is imposed on the gross receipts from medical cannabis firms that have been in existence for a decade. Forty percent of the state’s revenue from the legal ...

India's fiscal deficit for April-December was 9.14 trillion rupees ($105.58 billion), or 56.7% of the estimate for the ...

The Supreme Court of Ohio upheld the denial of Total Renal Care, Inc.’s (“TRC”) refund claim of Ohio Commercial Activity Tax (“CAT”) that it paid ...

Larry Rhoden, who succeeded Kristi Noem as South Dakota’s governor on Saturday, brings a lengthy record of success as state ...

As of January 2025, the number of MSMEs registered on the Udyam portal has reached 5,84,06,752. MSMEs play a pivotal role in ...