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 ...

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 ...

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

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

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

Growth in India’s net direct tax collections slowed marginally over the past month to touch 15.88% by January 12, from a 16.5% uptick as of December 17, with gross receipts also tapering ...

If any liability towards unpaid expenditure is incurred by a person in a year and paid by such person in any subsequent year, ...

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 ...

Michigan commercial and tribal operators reported a combined $264.2 million total internet gaming gross receipts and gross ...

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

Compared with December 2023 reported revenues, iGaming adjusted gross receipts were up 34.5% and sports betting was down 99.2%. The operators paid $466.1 million in taxes and payments to the state ...

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