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TAX COMPLIANCE REFORMS
Modinomics at 76: The birthday cake, the candles and the numbersPM Narendra Modi turns 76 as he completes nearly 12 years in office, a period that has reshaped India’s economic landscape through infrastr...- CBIC cuts paperwork in deferred customs duty scheme to boost MSME participation and ease cash flowThe CBIC is simplifying its deferred customs duty scheme for manufacturers. Paperwork has been reduced from ten documents down to just thre...
- Reforms improved India’s competitiveness, strengthened resilience: CII’s R MukundanReforms in taxation and digital infrastructure have boosted India's economic competitiveness. GST and the JAM trinity integrated millions i...
- No more tax wishlists? FM Sitharaman asks experts to make the case for what should goFinance Minister Nirmala Sitharaman urged tax professionals and industry bodies to move beyond demands for exemptions and rate cuts, asking...
- BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitionsBRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more...
- GFF 2026: NITI Aayog's Rajiv Gauba calls for deregulation as defining feature of India's next-generation reformsNITI Aayog member Rajiv Gauba called for simpler rules and hassle-free processes. He emphasised deregulation and doing away with license ap...
- Tax reforms drive 1.32 crore updated returns, Rs 16,083 crore additional tax: CBDT memberUpdated income tax returns have increased significantly over four years. New tax regime adoption shows strong uptake among taxpayers filing...
- Indian retirees missed out on equity wealth: How decades of pension-led retirement saving left portfolios stock-lightFor the longest time, we had a defined benefit plan. Even today, we have around us many retired government and public sector employees (and...
- GST Council meeting likely to be postponed, say sourcesThe 57th GST Council meeting, scheduled for September 12, is likely to be postponed, with a final decision expected after consultations wit...
- Customs portal aims to curb divergent assessment practicesThe Central Board of Indirect Taxes and Customs has introduced an innovative digital repository designed to assist importers and customs br...
- Parliamentary panel flags compliance glitches on new income tax act, seeks more data from CBDTA parliamentary committee has identified compliance issues with the new Income Tax Act. They are seeking detailed data from the CBDT on its...
- Delhi govt nods Ease of Doing Business Bill providing for single window clearances, licensesThe Delhi Cabinet approved the 'Ease of Doing Business' Bill, 2025, aiming to simplify business registrations and approvals. This legislati...
- Direct Tax Reforms: Parliamentary panel to meet tomorrow to discuss simplifying taxesA parliamentary committee will meet on September 3 to discuss direct tax reforms. The meeting will focus on simplification, rationalization...
- Finance Act 2026: Updated return rules change for taxpayers reporting reduced lossesThe Finance Act, 2026, has plugged a significant gap. Earlier, an updated return could not be filed if unaccounted income merely reduced a ...
- GST Council to hold 57th meet on Sept 12 with ITC, simplifying the GST corporate guarantees & more on agendaThe GST Council will meet on September 12 to discuss key reforms. Proposals include easier input tax credit access for buyers and simplifie...
- Chasing dues could get easier for small businesses under new rules, MSME Secy Bharat Khera explainsThe number of enterprises in the formal ecosystem has increased from around 16.5 million three to four years ago to 92 million currently, s...
- ET World Leaders Forum 2026: Our reform express will move forward at even greater speed, says PM ModiBuilding on the theme of Shared Futures for the ET World Leaders Forum, Prime Minister Narendra Modi says the future of every country is in...
- PM Modi says ‘production-linked punishment’ era once held back Indian industry; pegs India as world’s fastest-growing economyPrime Minister Narendra Modi on Friday said India had moved from the Licence Raj-era “Production Linked Punishment” model to incentivising ...
- MSMED Bill promises faster payments, but TReDS hurdles and GST ambiguity may leave smaller firms behindThe Micro, Small and Medium Enterprises Development (Amendment) Bill was passed by Parliament last week, nearly two decades after the MSMED...
- Absolute volume of business compliances remains major friction point for firms: Stakeholders to Parliamentary PanelDomestic enterprises face significant compliance burdens despite central deregulation efforts. Overlapping rules inflate operational costs ...
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