While this move aims to bolster middle-class spending and ... a minuscule fraction of India’s total working-age population of about 960 million. India’s tax system is directionless and its ...

NEW DELHI : Kia on Friday said it is contesting an Indian tax demand of $14 million for wrongly using free trade agreements to claim lower tariffs on some electronic car part imports, the latest ...

KIA on Friday (Feb 7) said it is contesting an Indian tax demand of US$14 million for wrongly using free trade agreements to claim lower tariffs on some electronic car part imports, the latest tax ...

The Indian economy ... the budget is its focus on providing relief to the middle class through revisions in direct and indirect tax rates. Income tax exemption limit has been raised to INR12 ...

According to sources, the new income tax bill will now be introduced in the Parliament next week and would be sent to Parliament's Standing Committee on Finance. NEW DELHI: The Union Cabinet on ...

Heard voice of middle class, tax reform to drive consumption and savings: Nirmala Sitharaman on Budget On the domestic front, liquidity pressures in the banking sector persist, with slower deposit ...

However, when companies go global, they encounter a maze of tax laws. Here, a comprehension of Indian tax laws pertaining to international transactions becomes relevant for compliance and planning.

The decision by India’s central bank on Friday to reduce its key rate for the first time in five years comes less than a week after Modi’s government unveiled historic tax cuts in its federal budget.

The bill, which will replace the Income Tax Act, 1961, aims to simplify and modernise India’s tax system. It will also simplify legal language so that taxpayers can easily understand the provisions.

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 could be pathetically low if half of them is pulled out willy-nilly thanks to ...