Benford’s Law posits that the distribution of leading digits1 (0-9) in a large dataset follows a logarithmic pattern, with the digit ‘1’ being the most prevalent. Widely used […]
Jasmine Crockett’s Ethics Rules Filing Shows $9M Assets
Under the Ethics in Government Act and House Ethics rules, Representative Jasmine Crockett has filed the House Form 278e, disclosing the fair‑market value ranges of her real‑estate assets that contribute […]
GST Indexation Benefits after the Finance Act, 2024
In a recent circular 224/18/2024-GST [CBIC-20001/4/2024-GST] dated 11th July 2024, it has been clarified that upon payment of an amount equivalent to 20% of the disputed tax amount […]
Converting Company to LLP is a Smart Tax Move
Provisions of Section 45 of the Income-tax Act, 1961 (‘the Act’) provides for charging of Capital Gains Tax on account of transfer of capital asset in the previous […]
Section 2(15): Tax Challenges for Charitable Organizations
Under the amended section 2(15) of the Income-tax Act, 1961 (“the Act”), charitable institutions with the purpose of ‘advancement of any other object of general public utility’ are […]
Filing U.S. Taxes Is So Confusing and Stressful
Across the nation, Americans dig way down deep for our record-breaking income tax collection. It’s hard to relax with those tax forms on your mind, but don’t give […]
Fair Tax Act Gains Momentum Amid IRS Abolition Push
Congressman Buddy Carter of Georgia has introduced the Fair Tax Act, a bill that seeks to abolish the IRS and overhaul the current tax code. In an interview, […]
Deemed Dividend: International Tax and Transfer Pricing
Section 2(22)(e) of the Income Tax Act, 1961 deals with the taxation of certain loan transactions as “deemed dividends”. It targets closely held companies (where the public is […]
Tax Rules for NRIs Selling Property in India
When an individual sells property in India, taxation depends on the holding period. If the property is held for more than 24 months, it qualifies as a long-term […]
What is the Net Worth of Tyrus and Salary
As of 2025, Tyrus has a net worth of $5 million. He recently secured a 5-year contract with Fox News, bringing in $2.2 million per year, including a […]