It simplies the country’s income tax law to make it easier to grasp, enhance compliance and reduce litigation. While it makes ...

The looming possibility of a retrospective tax order, which could pose an existential threat to companies like Dream11, MPL, ...

Substantial reduction in the Act’s volume The review has led to a substantial reduction in the Act’s volume, making it more ...

Different indirect taxes were subsumed in the Goods and Services Tax, which took effect on July 1, 2017. The new Income Tax Bill aims to do the same with the current Income Tax Act. The new tax bill ...

The copy of the New Income Tax Bill 2025 (“ITB”) has been made available to the Members of Parliament (MPs) on 12 February ...

The new Income Tax Bill is more about consolidation of scattered tax provisions, simplification and elimination of redundant laws than about rate ir ...

Srinivas KamatThe Income Tax review of slab rates and the exemption from Income Tax for those earning up to Rs. 12.65 lakhs per annum in the 2025 Budget is bein ...

Thinking of gifting a new flat to your wife this Valentine's Day? While some may view it as an extravagant gesture, it could ...

She stated that the GST Council is currently working on streamlining the rate slabs for Goods and Services Tax. Additionally, the finance minister highlighted that there has been a significant ...

The need of the hour is to expand the tax base because in a country of 140 crore, 3 crore is already abysmally low and it ...

Centre's decision to amend a section of the Good and Services Tax (GST) Act retrospectively in the Union Budget for 2025-26 may face legal scrutiny, as the government’s review petition on a ...

The GST Tax Exemption GSTs still serve as tools for high-net-worth individuals to transfer wealth at a lower tax rate even with the installment of taxes on generation-skipping transfers.