Income tax

Income Tax Department unearths multi-million dollar black money in raids on two corporate groups

The income tax department has uncovered tax evasion worth millions of rupees in search and seizure operations against two groups of companies in several states, the Central Commission for Taxation said on Sunday. direct taxes (CBDT) in a press release. The searches were carried out on October 12, the direct tax administration informed. The first […]

Income tax

DuPont Becomes Eighth City in Washington State to Ban Local Income Tax »Publications» Washington Policy Center

Tonight, DuPont city council moved to become the eighth city in Washington to ban a local income tax. Along with other cities, Yakima County also passed a ban. From DuPont City Council’s income tax ban: “The City Council hereby declares that the imposition of a local income tax on businesses and residents of the Town […]

Income tax

Spotlight on Sponsors: Workshop to Explore Alternatives to Reduce Income Tax on Retirement Distributions

Dick Harsin In addition to dealing with COVID-19 last year, on January 1, 2020, Congress enacted a major change in the distribution of retirement accounts. This law was called the Setting Every Community Up for Retirement Enhancement Act, commonly known as the SECURE law.. While there are good provisions in the law (increasing the minimum […]