As per section 54F of the Income Tax Act, 1961 he has to purchase a residential dwelling situated in India to claim the exemption. Moreover, the same has to be retained by him at least three years ...

Take Landry’s approach with the heavily blue city of New Orleans, for example. The governor pushed the city’s much-criticized ...

Easier access to a $7,500 federal tax break has helped fuel the leasing boom.

Republicans opposing the state and local tax (SALT) cap will try to make their voices heard as Trump seeks a reconciliation bill.

The federal tax credit for electric vehicle purchases has far outlived its purpose and now stands as a glaring example of ...

A review of the December sales tax report showed a major decline over the last three months in Norfolk and also other ...

Two GOP lawmakers confirmed they had been approached about the proposal. A spokesperson for Gov. Katie Hobbs said her office had also been approached.

Legislators plan to confront Gov. Glenn Youngkin on another of his high-profile vetoes from 2024 - a measure to create a ...

City sales tax collections in 2024 were down roughly 3.4% from the prior year. But the city’s sales tax revenues ...

A new committee will soon be established in Napa to ensure revenue from Measure G — a voter-approved one-cent sales tax ...

U.S. Rep. Buddy Carter, R-1, of St. Simons Island wants to replace the federal tax system with a national sales tax, dubbed by advocates as the Fair Tax, and in the process eliminate the IRS.

(LEX 18) — The Kentucky House voted 90-7 to lower the state’s individual income tax rate on Thursday. Republicans delivered ...