Recent updates in direct tax




















And while it may get complex, business systems need to be more adaptive as too many parties are involved. Latest News. Top Featured Stories. New GST rules draconian, may lead to harassment: Experts. CFOs expect inflationary pressures to continue, plan to hike prices further. New age CFO leadership- analytical, creative and empathetic. CFO Ledger. Ltd country affiliate of Philip Morris International. Kishore N. Economy News. Budget Titan CFO says rationalize customs duty on gold.

Three have been sent so far since Covid ravaged the US to help hard-hit Americans weather the pandemic onslaught. At that time, the unemployment rate surged to Without stimulus payments, the supplemental poverty rate would have increased by an estimated 3. The consumer price index reports five of the six major grocery store food groups saw an increase last month.

Officials in Vermont are offering a relocation grant to those who move to the state on or after February 1 this year. The grant is meant to provide much-needed relief to businesses in the state that have suffered as a result of the pandemic.

The second-largest Native American tribe previously approved a special stimulus for its citizens, as the likelihood of a fourth stimulus check for all Americans dwindles. A pre-screening form is available to help determine eligibility. No application is necessary, as the New York Department of Labor is reaching out to eligible New Yorkers via text message and email with further instructions. President Biden has paused federal student loan payments once again as the Omicron Covid outbreak continues to spread across the US.

Under the actions, interest rates will stay at zero percent, and debt collection efforts will also be suspended until May 1, Biden said financial recovery from the pandemic would take longer than job recovery, particularly for those with student loans. There have been several extensions of the freeze since Covid shut the country down in March The White House previously said that there will be no more freeze extensions, and borrowers should prepare to resume payments in January.

Social Security is typically thought of as a program that offers monthly payments for retired Americans and other groups to help towards the cost of essentials.

However, few know that recipients can also claim a proportion of the support in a lump sum , provided they satisfy certain requirements. Read more. The new year bodes more bad news for the embattled President, as the Supreme Court struck down a key vaccine mandate and his quest to pass legislation protecting voting rights looked close to defeat.

Kristen Sinema, of Arizona, announced she is opposed to reforming the filibuster, leaving the President unlikely to pass his voting rights bill. At the same time, this report underscores that we still have more work to do, with price increases still too high and squeezing family budgets.

The huge increase means the maximum money that can be claimed through Social Security is the highest in years. Senator Manchin did call me after he gave that interview on Fox News," meaning that the discussion is still open. Manchin told Jayapal that he would not be willing to support some of the measures included in the House bill, passed in November but what open to many of the other measures.

Sign in. All Football. Money News Money Jocelyn Cook. Jocelyn Cook Today, When was the deadline for January payments? No checks, even as inflation grows American families that received child tax credit payments over the past few months are now facing a January without an extra cash boost from the government. Watch for this envelope American families are set to receive a letter that officials say will help them receive their child tax credits in full.

May have to wait for tax refund Families that claimed child tax credit payments are at the top of the list for risks of facing a delay. But assuming you file correctly on January 24 — you still might be in for a wait.



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