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SIMPLIFICATION OF TAX LAW
World Bank approves USD 1.5 bn loan to support India's reforms, job creationIndia's push for private sector-led growth and job creation has received a significant boost with the World Bank approving USD 1.5 billion ...- GST@9: Building a more seamless, certainty-driven input tax credit frameworkA more balanced and predictable approach can help safeguard revenue, reduce disputes, enhance taxpayer confidence, and create a more effici...
- GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concernsIndian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG...
- Oberoi Realty & Nirmal Lifestyle get NCLT approval for mergerThe National Company Law Tribunal has approved the merger of Nirmal Lifestyle Realty with Oberoi Realty. This move will simplify Oberoi Rea...
- Top 10 winners get Rs 10,000 each: Income Tax Dept organises quiz on Income Tax Act, 2025 with cash prizesThe Income Tax Department is hosting a quiz on the new Income Tax Act, 2025. This initiative aims to boost citizen awareness of the taxatio...
- No income tax? This US state proposal ignites hype and serious budget fearsNo income tax states US: South Carolina is set to gradually eliminate personal income tax. This move promises a simpler tax system but rais...
- New Income Tax bill halves word count, eases compliance: Chairman of the Finance Select Committee, Baijayant Jay PandaBaijayant Jay Panda discussed the simplification of India's tax laws. The new Income Tax Bill aims for easier compliance. The bill reduces ...
- New Income-Tax Bill: Simplified, modernised framework to foster trust & support economic growthThe new Income-Tax Bill, built on the 1961 Act's strong foundation, simplifies and modernizes taxation by eliminating redundancies and cons...
- Nirmala Sitharaman tables new Income Tax Bill in Lok SabhaThe new Income Tax Bill, introduced in Parliament by Nirmala Sitharaman, aims to simplify and modernise India's tax system without adding n...
- New income tax bill: What it could mean for taxpayers and how it can impact themNew income tax bill, 2025: FM Nirmala Sitharaman, while presenting the Union Budget 2025 on February 1, announced that she will table the n...
- Will Budget 2025 replace Income Tax Act with new Direct Tax code? Here’s what experts sayDirect Tax Code vs Income Tax Act: The finance minister is all set to present Budget 2025 on February 1, 2025. There are speculations that ...
- 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...
- Income tax simplification hopes rise as feedback process nears rollout; Budget 2025 may bring big news on direct tax lawsThe govt will invite suggestions from the private sector and tax experts on the Income Tax Act, 1961, starting October. This initiative aim...
- Capital gains tax rationalisation was industry's demand, says Revenue SecyRevenue Secretary Sanjay Malhotra defended the capital gains tax rationalization, stating it was industry-demanded. He highlighted the budg...
- Panel to redraft Direct Tax laws to focus on simplificationThe panel will tackle those areas that have become "problematic" due to multiple additions over time.
- Budget 2017: Government should bring in simplification of tax lawsThough there are certain issues between centre and state government over processes and implementation, I hope government will redress such ...
- Government preparing roadmap for dealing with tax litigation: Hasmukh Adhia, Revenue SecretaryThe Finance Ministry is preparing a roadmap for dealing with the problem of large number of tax litigations, Revenue Secretary Adhia said t...
- Bad elements in tax department to be dealt with: Revenue Secretary Hasmukh AdhiaSimplification of rules and procedures and transparency through use of technology will be the topmost item of my attention in the next few ...
- Simplify indirect tax laws for easy tax collection: CVCThe Central Vigilance Commission today emphasised on simplification of indirect tax laws - service and excise.
- Media and entertainment sector needs tax rationalisation: KPMGKPMG has said that the industry hopes for simplification of the onerous tax laws and resolution of some of the long standing tax controvers...
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