On May 6, 2014 Rep. Paul Tonko of New York ask for and was granted permission to address the United States House of Representatives for one minute regarding Mental Health month: “Mr. Speaker, May is Mental Health Month, a month where we step up our efforts to raise awareness for mental health and work to […]
How Trump’s Tax Reform May Affect Your Taxes
Tax season isn’t everyone’s favorite time of the year, but don’t let a new reform overwhelm you. President Trump’s Tax Reform Act was passed on December 22nd, 2017. The Act is designed to cut income tax rates, it doubles the Standard Deduction, and eliminates many personal exemptions. The individual changes became effective January 1st, 2018, […]
Five Tax Rules Every FD Investor Should Know
A lot of Indians see bank deposits as a good investment option. Fixed deposits (FDs) are the type of financial services which are considered as old and safe to save some funds by many. Fixed deposits are a risk-free way to save some money in case of emergencies. As the name suggests, a preset amount […]
2012 US Election – Taxes on the Wealthy
This November in the United States millions of people will vote for the next President of the United States. The two candidates running – President Obama and Governor Romney could not be more different than each other. They have start contrasting opinions and have been happy to say so in the three presidntial debates this […]
Investors Beware: New Tax Laws Could Cost You
While most people are busy eyeing the Presidential election, there is another critical element to which investors and others should be taking notice – the new tax laws that will go into effect immediately following the New Year. These new tax laws will impact everyone from the largest investors down to those struggling to find […]
India: New Income Tax Code to ‘Boost Savings’ is on the Anvil
Finance minister Pranab Mukherjee along with his predecessor P.Chidambaram released a new Income Tax Code in New Delhi on 12th Aug’09, which seeks to simplify and replace the 48-years-old Income Tax Act 1961. The most salient features of this code are that it boosts savings greatly and highly simplifies tax calculation procedures. Putting the code […]
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