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COLONIAL TAXATION SYSTEM
March 5 in world history: From Stalin’s death to the rise of the nuclear ageMarch 5 marks significant historical events, including the Boston Massacre in 1770, which fueled the American Revolution. Winston Churchill...
National CA Day 2025: Why ICAI was set up in 1949 to regulate India’s accounting profession — all you need to knowIndia celebrated the 76th National Chartered Accountants Day on July 1, 2025, commemorating the ICAI's founding. CAs were recognized for th...
Don't let the tail wag the dog: What Budget 2025 can do about India's growing tax overreachIndia's tax overreach and regulatory hurdles are deterring investors and undermining growth. Colonial-era institutions, designed for revenu...
Bibek Debroy, the economist who once created a furore with proposal to tax farmersBibek Debroy, chairman of the Economic Advisory Council to the PM, passed away at 69. Known for his advocacy to tax agricultural income, De...
Govt to kick off FY26 Budget making exercise from second week of next monthThe finance ministry will start preparing the annual budget for 2025-26 from the second week of October 2024. The focus will be on reforms ...
A case against inheritance tax: Time to break the shackles of ultra-social mindsetWe should think out-of-the-box to arrive at better solutions rather than opt for ideas that are legacy-driven and seeped in a colonial hang...
Finance Ministry to kick-start budgetary exercise from October 12"The pre-Budget/RE (Revised Estimate) meetings will begin on the October 12, 2020," according to the Budget Circular (2022-23) of the Budge...
As GST turns 4, CAIT says it has become 'colonial taxation system'The Confederation of All India Traders (CAIT) added that it is not alone the centre but largely the state governments are more responsible ...
Finance Ministry to kick-start budgetary exercise from October 16The budget will have to address critical issues pertaining to growth contraction and subdued revenue collection triggered by the COVID-19 p...
Big Data to track tax frauds? Govt lens on big deals, stock purchasesWe are getting data not only domestically, but also from 98 other countries with whom we have tax treaties. These will help streamline the ...
Finance Ministry to kick-start budgetary exercise from October 14It will be the second Budget of both the Modi 2.0 government and Finance Minister Nirmala Sitharaman.
The man who created India's first-ever budgetJames Wilson was also behind the introduction of the income tax act, a move that led to much controversy.
India's Budget history lies buried in KolkataIn 1860, James Wilson created India's first Budget. He now lies buried in Kolkata's Mullickbazar Cemetery.
Parliament heralds new era, completes Budget exercise before March 31Advancement of the Budget will give government departments more time to spend as well as allow companies time to adapt to business and taxa...
Government serious on trucker issues, doors open for talks: Nitin GadkariAIMTC maintained that it's ready to pay a higher toll, but that should be collected as indirect tax because of harassment by different agen...
BJP vows to scrap Delhi University's 4-year undergraduate programmeWith the polling date drawing near and BJP likely to release the national manifesto on April 6, the Delhi manifesto could not be delayed an...
Lok Sabha polls: BJP banking on digital campaign to reach out to voters in DelhiBJP leaders say seven issues have been identified and assigned. For instance, Chandni Chowk candidate and state BJP chief Harsh Vardhan—for...