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US Child Tax Credit 2024: Who is eligible for the benefit?

The House has passed a bill that will result in the enhancement of the Child Tax Credit, thus impact low-income families the most.

FILE - A sign outside the Internal Revenue Service building is seen, May 4, 2021, in Washington. As tax filing season officially starts Monday, Jan. 29, 2024, a limited number of taxpayers in 12 states will soon be eligible for a program that will allow them to calculate and submit their returns directly to the IRS without having to pay for commercial tax preparation software. The Direct File pilot program is set to be rolled out in phases. (AP Photo/Patrick Semansky, File)(AP)
Published on Feb 06, 2024 10:30 PM IST

‘Karnataka faces loss of 45K cr over reduced tax devolution’: CM Siddaramaiah

Karnataka CM Siddaramaiah alleged injustice by Centre with reduction in tax devolution, resulting in loss of over ₹45,000 crore to state in four years.

Karnataka CM Siddaramaiah. (ANI Photo)
Updated on Feb 05, 2024 09:20 AM IST

The rise and rise of white-collar salaried aristocracy in India

An HT analysis shows that the real economic winner over the last decade has been the white-collar salaried workforce

A look at what ITR data shows about the white-collar salaried workforce.(File photo)
Published on Aug 21, 2023 11:59 PM IST

Payment deadline under tax dispute scheme extended

CBDT clarified that there is no proposal to change the last date of payment with “additional” amount, which remains October 31, 2021.

The Vivad se Vishwas scheme provides for settlement of disputed tax, disputed interest, disputed penalty or disputed fees in relation to an assessment or reassessment order. (AP PHOTO.)
Updated on Aug 30, 2021 06:35 AM IST
By, New Delhi
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