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LITIGATION REDUCTION TAX
UK’s steel curbs emerge as an early hurdle for FTA with India ahead of roll-out. Is there a way out?The UK has extended safeguard measures on select steel imports; starting from July 1, 2026, it will reduce tariff-free quotas by 60% and im...- How to manage the rupee while protecting growthFirst, on the rupee, one of the most effective ways to stabilise the currency is to improve the flow of foreign exchange into the country. ...
- Property tax overhaul in NDMC: What the new Unit Area System means for youThe New Delhi Municipal Council is adopting a new property tax system. This move to the Unit Area Method will bring fairness and predictabi...
- FM Sitharaman urges tax officials to focus on fairer demand, faster resolutionDuring a recent conference, Finance Minister Nirmala Sitharaman highlighted the importance of easing tax payment processes for well-meaning...
- Budget 2026: Ficci pushes for tax certainty, faster dispute resolutionCorporate India is rallying for crucial reforms as the budget season approaches. Their wishlist highlights the necessity for minimized lega...
- When is new Income Tax Bill likely to come into effect?Income Tax Act, 2025: Once the new income tax bill is passed by Parliament, many taxpayers and common citizens will wonder when it will com...
- New income tax bill: What should you expect?India's Finance Minister Nirmala Sitharaman announces a New Income-tax Bill in 2024 aimed at simplifying tax laws, stimulating investment, ...
- Need holistic new Tax Code for Vikshit Bharat: ExpertsExperts call for tax reforms before the upcoming budget. They suggest a simpler tax system with lower rates and a wider base. This aims to ...
- Simplified I-T Act likely to take longerReform of dispute resolution mechanisms, simplification of litigation management, overhaul of rules dealing with transfer pricing and tax d...
- I-T dept receives 6,500 suggestions on income tax act reviewThe income tax department received suggestions for the Income Tax Act review. Finance Minister Nirmala Sitharaman chaired a meeting on the ...
- CBDT forms internal committee to comprehensively review Income-tax Act, invites suggestions on the tax e-filing portalThe Central Board of Direct Taxes has formed a committee to review the Income-tax Act, 1961. This follows the Union Budget 2024-25 announce...
- Tax dept invites public suggestions for I-T Act reviewThe Income Tax department has sought public opinions to simplify the six-decade-old Income-tax Act, focusing on clearer language, reducing ...
- Pen makers ask Finance Ministry to reduce GST rate"The pen industry has been badly hit during the pandemic and has not recovered, as schools and offices are not yet fully operational," said...
- Pen in pain: Pen associations write to government over GST rate increaseIndustry trackers say that the low cost pens have high price elasticity and slightest increase in the cost results in disproportionate redu...
- One-time bonuses: The choice term for salaries restored after Covid cut to avoid litigationTo reduce the risk, many of them are paying employees a “one-time bonus” equal to the salary deducted over the last year. But they still fe...
- Government’s indirect tax litigation reduction scheme 'Sabka Vikas' challengedIntroduced in 2019, the scheme, which was aimed at freeing “a large number of small taxpayers of their pending disputes with the tax admini...
- CBDT asks tax officials to speed up withdrawal of appeals casesThe board has shot off a letter to field officers, asking them to complete the exercise by January end.
- CBDT asks taxman to dispose appeals of over Rs 50 cr by year endThe Central Action Plan for 2018-19 acts as the policy action vision document for the Income Tax Department and is unveiled by the CBDT ann...
- Income Tax: Modi government finds a new way to rein in India's overzealous taxmanThe NDA government will sharply increase the monetary thresholds at various levels – in the courts and appellate tribunals – to cut down on...
- Corporate tax cut will make India competitive says Revenue Secretary Shaktikanta DasDrawing a comparison, he said the corporate tax rate was 25 per cent or less in other ASEAN nations, which were India's main competitors.
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