Direct Tax Reforms: Parliamentary panel to meet tomorrow to discuss simplifying taxesA parliamentary committee will meet on September 3 to discuss direct tax reforms. The meeting will focus on simplification, rationalization...
02 Sep, 2026, 02.11 PM IST
Absolute volume of business compliances remains major friction point for firms: Stakeholders to Parliamentary PanelDomestic enterprises face significant compliance burdens despite central deregulation efforts. Overlapping rules inflate operational costs ...
09 Aug, 2026, 04.38 PM IST
Disputed tax demand down Rs 16,690 cr since hike in monetary limit for filing appeals, LS toldHigher monetary limits for tax appeals have reduced disputed tax demand by about ₹16,690 crore, with over 23,000 departmental cases withdra...
03 Aug, 2026, 02.28 PM IST
Biz positive on GST after 9 years; simpler compliance, lesser disputes key focus areas ahead: SurveyThe KPMG in India-FICCI GST Survey said GST has matured considerably through greater digitisation and transparency, creating a more unified...
09 Jul, 2026, 05.30 PM IST
CAIT seeks further GST simplification, says monthly collections have risen sevenfold since rolloutTraders' body CAIT seeks simpler GST rules. Tax collections have surged since 2017, but ground-level compliance remains difficult. More sim...
31 May, 2026, 09.49 PM IST
Central Board of Direct Taxes invites stakeholders' input for drafting I-T rules and related formsThe Central Board of Direct Taxes invites stakeholders to submit inputs for the Income Tax Bill, 2025, focusing on simplifying tax processe...
18 Mar, 2025, 04.58 PM IST
Budget 2025 could start implementing Direct tax code by cutting tax rates, removing exemptions, lay out road mapDirect Tax code Uion Budget 2025: The news report indicates that the government can bring a new income tax bill in the Budget 2025 session ...
30 Jan, 2025, 12.18 PM IST
Simplify ITR forms, bring 'one rate one section' for TDS: Deloitte surveyA Deloitte survey reveals that most income tax filers in India want simpler ITR forms, easier incentive calculations, and a streamlined TDS...
04 Dec, 2024, 01.48 PM IST
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...
27 Nov, 2024, 12.23 AM IST
Tax reforms, simpler customs procedure top Budget wishlistIndian industry bodies met with revenue secretary Sanjay Malhotra. They presented their tax proposals for the upcoming budget. The Federati...
07 Nov, 2024, 11.55 PM IST
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 ...
04 Nov, 2024, 10.39 PM IST
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 ...
07 Oct, 2024, 05.02 PM IST
Finance Minister Nirmala Sitharaman defends tax measures through Union Budget in Lok SabhaFinance Minister Nirmala Sitharaman announced on Wednesday that recent amendments to the Finance Bill ensure no additional tax burden for l...
07 Aug, 2024, 05.41 PM IST
Steps to make new tax regime more attractive; clear and concise capital gains tax regime expected: Tapati Ghose, DeloitteThe new tax regime may see further widening of slabs and reduction of tax rates. A clear and concise capital gains tax regime is expected t...
23 Jan, 2024, 02.45 PM IST
Narendra Modi to launch Transparent Taxation on Thursday to ease compliance, benefit taxpayersThe launch of the platform will further carry forward the journey of direct tax reforms, following the several measures that have been take...
13 Aug, 2020, 11.32 AM IST
GST Annual filing waived off for taxpayers below Rs 2 cr turnoverFiling of FORM GSTR-9 for those taxpayers who (are required to file the said return but) have aggregate turnover up to Rs. 2 crore made opt...
23 Sep, 2019, 10.01 AM IST
Trai proposes licensing & tax reformsTrai has also backed a review of licence fees, SUC and the Universal Service Obligation Fund (USOF) levy to enhance the overall ease of doi...
03 Feb, 2018, 12.22 AM IST