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TAX SIMPLIFICATION
Good news: Property purchase from NRIs gets easier as govt amends Form 141; check how it helpsFrom October 1, 2026, Indian property buyers can buy properties from non-residents without getting a TAN. Instead a new system has been lau...
100% equity NPS schemes have attracted younger investors, says Sriram Iyer, MD & CEO, HDFC Pension FundThe multiple-scheme framework introduced last year, the lower mandatory annuitisation requirement, and the growing focus on non-government ...
GST Council meeting rescheduled to October 7 due to BRICS summitThe GST Council meeting has been rescheduled to October 7 due to the BRICS summit. This meeting will occur after a gap of over a year for t...
Parliamentary panel flags compliance glitches on new income tax act, seeks more data from CBDTA parliamentary committee has identified compliance issues with the new Income Tax Act. They are seeking detailed data from the CBDT on its...
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...
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 ...
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...
India joins WTO fish subsidies pact, 900 questions at trade policy reviewIndia has joined the WTO agreement on fisheries subsidies, prohibiting harmful fishing practices. This pact safeguards traditional fishers ...
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...
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...
Budget 2026: Assocham suggests tax simplification, rationalisationIndustry body Assocham has submitted its pre-Budget memorandum to the Revenue Secretary. Key proposals include tax simplification and ratio...
ETMarkets Smart Talk: Market tax simplification in Budget 2025? Shrikant Chouhan of Kotak Securities on LTCG & STTOn the expenditure side, revenue spending is expected to rise by 5%, while capital expenditure is projected to grow at a robust 15%, emphas...
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...
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...
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...
On the Tax Front: Simplification, Stability, RationalisationIn this context, the tax proposals in the budget were focused on providing continuity and stability, albeit with some important changes. De...
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.
GST mopup edges closer to Rs 1 lakh croreData released by the government showed GST collection in June at Rs 95,610 crore, higher than Rs 94,016 crore in May and well above the mon...
Tax Simplification Committee – Recommendations towards establishing a conducive tax environmentThe Income Tax Simplification Committee has given its first batch of draft recommendations vide its draft report released on 18 January 201...
- Simplify indirect tax laws for easy tax collection: CVC
The Central Vigilance Commission today emphasised on simplification of indirect tax laws - service and excise.