tax on shares

Elon Musk claims he paid over $10 billion in taxes in one year, a historical high. He stated his tax rate on stock options nears 45%, with an additional 40% estate tax. This comes as California considers a 5% wealth tax, prompting tech leaders to relocate from the state.

Former India captain MS Dhoni has been revealed as the highest individual taxpayer from Jharkhand and Bihar combined for the 2025-26 financial year. The Principal Chief Commissioner of Income Tax confirmed Dhoni's top position, though the exact tax amount remains undisclosed. This achievement highlights Dhoni's significant financial contribution to the region.

Kevin O'Leary has strongly criticized California's proposed wealth tax, deeming it 'un-American' and 'unconstitutional.' He predicts years of litigation due to the difficulty of valuing illiquid assets and argues the tax will accelerate the exodus of businesses and billionaires from the state.

A nuanced understanding of the various ITR forms for FY 2025–26 is essential for globally mobile professionals, domestic salaried taxpayers, and individual investors

Industrial Expansion of Burhanpur on Agenda

Nvidia CEO Jensen Huang declared America a priority for advanced chip sales, stating China should not have access to the "latest and greatest" AI technology. However, he urged the US not to abandon the Chinese market entirely, arguing that global sales and increased tax revenues strengthen American economic and national security.

Analysts are bullish on Bajaj Finance, IIFL Finance, and Navin Fluorine, citing strong quarterly results and positive future outlooks. Federal Bank is seen as fairly valued, while Waaree Engineering's revenue beat expectations despite margin concerns. Investors are watching these key companies closely.

Property Tax Grievances Under Scrutiny as MCG Told Not to Reject or Park Files Without Reason

Floyd Mayweather Jr. may lose his passport due to over $7.25 million in unpaid taxes, according to IRS reports. This could stop his June 2026 fight in Greece against Mike Zambidis and affect other planned bouts. With past lawsuits also surfacing, his financial troubles are now creating serious risks for his boxing schedule and international travel.

Ajay Devgn has publicly supported the Enforcement Directorate's fight against financial crimes, urging citizens to join the campaign for financial integrity. Meanwhile, the actor is actively involved in the shooting of 'Golmaal 5' in Ooty, with the team sharing behind-the-scenes glimpses. Devgn is also set to reprise his role in 'Drishyam 3'.

State Bank of India saw a 5.8% profit jump to Rs 19,684 crore in Q4FY26, though margins tightened. Bank of Baroda achieved a record Rs 5,616 crore profit, while Bank of India's net profit climbed 18.7%. Despite credit growth, SBI's share dipped due to investor concerns about core income.

An Indian student studying in the US shared a candid account of living alone at 19, highlighting the challenges of managing daily life, finances, and cultural adjustments. While acknowledging the difficulties of being away from family, especially during festivals, he emphasized that these tough experiences foster personal growth, independence, and resilience.