Taxes

An inflatable chicken mimicking US President Donald Trump is set up on The Ellipse, a 52-acre (21-hectare) park located just south of the White House and north of the Washington Monument (rear). / AFP PHOTO / Mandel NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)

Monumental 'Trump Chicken' Roosts Near The White House

Another day, another unprecedented moment in Donald Trump's presidency. A giant inflatable chicken with Trump-like hair appeared near the White House on Wednesday. Aerial photos of the display show...
Gary Waters

Making Tax Benefits Work For The Honest Taxpayer

Despite rising income levels and larger savings needs for the future, tax exemption limits (like the ₹1.5 lakh exemption on section 80C) are paltry given the kinds of corpuses we need to build for our children’s futures and our own retirement or to protect against things like mounting healthcare costs. It’s time we demanded far better bang for the buck for the taxes we pay and greater help to build the wealth we’ve worked so hard to earn.
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Don’t Forget To Include Interest Income In Your Return

Almost all of us have bank accounts and a majority of us hold at least some balance in fixed deposits. Yet many taxpayers fail to report interest income in their tax return. Not all types of interest income are subject to TDS and that leads to further confusion about whether such income is taxable at all. Here we will dispel some myths around the taxability of interest income.
Amlan Mathur via Getty Images

Need For Speed: Why Policymakers Need To Give Air Travel Top Priority

Last month, a relative of mine returned from the UK after five long years. When I asked him what he felt coming back to India, he said that it was like travelling in a tram after a bullet train ride. Life had slowed down. Transportation, in particular, was painfully slow. In the course of our conversation, he asked me whether we still considered aviation as a luxury or as an essential commodity. This question got me thinking and as a researcher, I turned to numbers for answers.
ASSOCIATED PRESS

Why India's Demand For UN Tax Committee Holds The Key To Funding The Paris Deal

Achieving the goal of the Paris Agreement will require a major shift away from the fossil fuel-based economies of today to a more sustainable and green economy. Such a transition, needless to say, will be enormously expensive. The main source of financing will be public funds, essentially raised through taxation by the government. It is here that an ongoing reform effort at the United Nations must be brought into the picture -- the campaign for an intergovernmental tax committee.