In a bold move that has turned heads across the political spectrum, former U.S. President Donald Trump recently hinted at a game-changing proposal: eliminating the federal income tax. Speaking at a campaign rally, Trump argued that the U.S. should shift its tax burden from American citizens to foreign nations, particularly those that benefit from trade Read More…
Tag: income tax
Supreme Court Rules Salaries of Nuns and Priests in Aided Schools Subject to Income Tax
In a significant ruling, the Supreme Court of India has stated that the salaries of nuns and priests working in aided schools are subject to income tax. Chief Justice of India, D.Y. Chandrachud, emphasized that if an individual is employed and receives a salary, tax must be deducted as per the law. He clarified that Read More…