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Firm It Up, Don't Junk It: India needs a more predictable capital gains tax regime to deepen equity marketsIndia's capital markets have seen significant changes, with millions of households participating in equity investing. The current tax frame...
'Height of insanity:' Trump ends VA mortgage rescue program; 15,000 veterans face higher payments, 700 see $1,000 hikeAfter the discontinuation of the Veterans Affairs Servicing Purchase program, many veterans are encountering significantly higher mortgage ...
The US has $100 billion to break China’s rare-earth grip. Can it stop Beijing from holding America’s supply chain hostage?The United States can access up to $100 billion in loans for developing its critical minerals industry. Despite this financial resource, it...
GST 2.0: Easier multi-state expansion for MSMEs, e-commerce sellersIndia's GST Council has initiated reforms to modernize the GST framework for improved compliance and business operations. Simplified regist...
GST 2.0: From stuck tax credit to fewer disputes, industry chambers list key reform demandsGST 2.0 reforms: Industry chambers are calling for reforms to GST 2.0 during the upcoming GST Council meeting. They seek improvements in in...
GST Council meet starts with focus on ease of doing business, ITC overhaul and decriminalisation on agendaThe 57th GST Council meeting is set to consider major GST 2.0 reforms, including wider input tax credit eligibility, protection for genuine...
Next-gen GST: Taking India's reform journey forwardThe new GST framework in India aims to streamline compliance processes while lowering tax rates, contributing to enhanced economic stabilit...
GST Council may clear sweeping compliance reforms; e-commerce sellers, genuine buyers to get reliefThe GST Council will assess various procedural reforms aimed at simplifying tax compliance for businesses. Proposed measures include enabli...
Rs 1 crore foreign asset limit under FAST-DS 2026: What taxpayers must know about undisclosed incomeFAST-DS 2026 prescribes detailed rules for valuing foreign assets, but how should undisclosed foreign income be computed for the ₹1-crore l...
Taxman's JAARing move opens fresh debate over Mauritius treatyThe recent invocation of JAAR, a GAAR-type tool in the armoury of the taxman, in a certain case has stunned many. Even though technically t...
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...
Foreign income disclosed in ITR-U: Why it could still trigger Black Money Act - FAST-DS 2026 ParadoxFAST-DS 2026 raises an important question for taxpayers who have voluntarily disclosed foreign income through a valid ITR-U. Can such incom...
Finance minister Nirmala Sitharaman asks I-T officials to ease burden on honest taxpayersFinance Minister Nirmala Sitharaman urged tax officials to ensure taxpayer convenience. She stressed firm action against tax evasion and ec...
ICAI says budget proposals aim to boost growth, improve ease of doing bizICAI welcomes the tax proposals in the Union Budget 2024-25, emphasizing simplification, improved services, tax certainty, and reduced liti...
CBDT signs 95 Advance Pricing Agreements in FY23This includes 63 Unilateral APAs (UAPAs) and 32 Bilateral APAs (BAPAs). With this, the total number of APAs since inception of the APA prog...
No tax on rent to be paid by owner, if the tenant defaults on it: Tax tribunalThe Income-tax Appellate Tribunal has given this ruling in respect of a case pertaining to Navi Mumbai based leasing company. This will hav...
CBDT signs 14 unilateral, 2 bilateral APAs in MarchWith the signing of these agreements, the total number of APAs entered into by CBDT has gone up to 219. This includes 199 unilateral APAs a...
CBDT signs 2 more unilateral pacts with taxpayersThe two APAs signed earlier this month pertain to sectors like chip design or development of embedded software and information technology (...
CBDT signs 11 more advance pricing pacts with taxpayersUnilateral APAs refer to the signing of agreement with the Indian tax authorities and an MNC, while bilateral APAs also involve the governm...
Tax Department signs 7 more unilateral APAs with entitiesThe Tax Department today signed seven more unilateral Advance Pricing Agreements (APAs) with taxpayers with an aim to reduce litigation.