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FOSTER TAX COMPLIANCE
India's growth story runs through waterIndia's ambitious industrial expansion faces a critical hurdle: water scarcity. As manufacturing's GDP contribution targets 25%, companies ...
World Bank clears $1.5 billion package to boost India's structural reforms, private sector jobsThe World Bank has approved a $1.5 billion financing package for India, aimed at accelerating structural reforms and stimulating private se...
Tax dept focuses on undisclosed foreign assets in NUDGE 2.0The CBDT has launched the second phase of its NUDGE initiative, targeting taxpayers with unreported foreign assets. The campaign aims to en...
I-T dept working to give shape to rules, procedures under new Income Tax Bill: CBDT chiefThe Income Tax Department is developing rules for the upcoming Income Tax Bill, 2025. CBDT Chief Ravi Agarwal announced this at the 166th I...
GST landmark reform that reshaped India's economic landscape: PM ModiPrime Minister Narendra Modi hails Goods and Services Tax as a landmark reform on its eighth anniversary. He says it boosted ease of doing ...
Focus of GST on promoting ease of doing biz, ensuring better complianceEntering its ninth year, India's Goods and Services Tax (GST) prioritizes ease of business, stronger compliance, and broader economic inclu...
Adani Group paid Rs 58,104.4 cr tax in FY24, up from Rs 46,610.2 cr in previous yearThe Adani Group released its Tax Transparency Reports for the fiscal year 2023-2024, showing a global tax contribution of Rs 58,104.4 crore...
New Income Tax Bill: An effort towards streamlining complexities, cutting red tapeIndia's Income Tax Bill 2025 simplifies the archaic Income Tax Act of 1961 with fewer sections and clearer guidelines, promoting ease of do...
Union Budget: ICAI expects rationalisation of taxation for startups"Aligning tax provisions with global benchmarks and supporting innovation will accelerate India's journey to becoming a global economic lea...
CBDT launches compliance-cum-awareness campaign for AY 2024-25 to assist taxpayers in reporting foreign assets and incomeIndia's Central Board of Direct Taxes (CBDT) has launched a campaign to help taxpayers accurately report foreign income and assets in their...
GST bodies get power to waive off certain penaltiesThe government has introduced changes to GST laws, allowing authorities to waive certain interest and penalties on past tax demands. Effect...
Budget should double standard deduction, raise basic exemption to Rs 3.5 lakh under new tax regime: EYEY recommends significant tax reforms in the upcoming Budget, urging the government to double the standard deduction under the new concessi...
Income Tax dept releases interim plan for FY25: Key focus on TDS and appeals processingThe income tax department in India has released an interim action plan for the fiscal year 2024-25, focusing on identifying cases of TDS sh...
Union Budget 2024: Will FM Sitharaman address the complexities in India's tax system?Budget 2024: India's indirect tax landscape is in need of significant changes to promote economic growth and a more business-friendly envir...
CBDT clarifies applicability of TDS liability for online retailers on ONDCAs per the FAQ issued by the Central Board of Direct Taxes (CBDT), a 1% TDS will have to be deducted from the gross sale amount after inclu...
GST to boost GDP; positive for rating: Moody's"Over the medium term, we expect that the GST will contribute to productivity gains and higher GDP growth by improving the ease of doing bu...
India's GST challenge makes Donald Trump's tax overhaul look easyDesigned to free up trade, foster tax compliance and make it easier to do business in India, the GST is scheduled to go into effect on July...
Budget 2017 – energising entrepreneurshipThe MSMEs today continue to deal with core business challenges including high interest costs, ability to raise adequate working capital, an...
India to boost trade ties with US, commits to adopt FATCA soonIndia and the US resolved to remove obstacles to investment flows and work towards early adoption of FATCA to facilitate automatic flow of ...
- Make laws simple to send tax evaders to jail
The revenue department’s proposal to bring tax evasion under the ambit of the anti-terror financing law and send evaders to prison is not a...