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

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

The new direct tax code or the new income tax bill announced by Finance Minister Nirmala Sitharaman in the Union Budget, is ...

As regards personal income tax (PIT), 8.1 crore income tax returns (ITRs) were filed in FY24, a mere 6% of our total ...

The Narendra Modi government plans to streamline the GST framework after making significant changes to personal income tax ...

Much jubilation about income tax cut, but millions will fall out of the income tax net,” Ranade wrote, pointing out a ...

Also, while just 32 million taxpayers are the beneficiaries of the I-T concessions, reduction in GST rates is bound to impact ...

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 ...

(a) the total amount of GST collected along with proportional contribution from the lowest income groups, middle-income groups and high-income groups in the last five years; ...

The government had set up a ministerial panel, the Group of Ministers (GoM), to examine GST rate rationalisation.

One of the most popular Indian cricketers is said to own 70 bikes and at least a dozen luxury cars. Data from the Federation ...