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 ...

This does not influence our opinions or our ratings, which are editorially independent. Mortgage rates have been expected to decline in 2025 as the U.S. economy slows, inflation cools and the ...

In January, the RBI announced measures like open market operation purchases, 56-day VRR and buy/sell swap to ease the ...

Tax reforms are a key feature of the Union Budget, as it has an impact on what the rest of the economy does and for the first ...

The Union Budget 2025-26 introduces several amendments to indirect taxes, covering GST and customs. In GST, changes include allowing Input Service Distributors to distribute input tax credit for inter ...

India's Union Budget 2025-26 introduces several revisions to taxation policies, besides provisions for focus industries and ...

Summary: The Finance Bill 2025 presents significant updates in both direct and indirect taxes aimed at improving business ease, reducing litigation, and widening the tax base. Direct tax proposals ...

Finance minister Nirmala Sitaraman promised to continue efforts to simplify taxes, improve tax payer services, provide tax ...

Live: Union finance minister Nirmala Sitharaman presented the first full budget of Modi government 3.0. Sitharaman announced ...