A parliamentary committee has identified compliance issues with the new Income Tax Act. They are seeking detailed data from the CBDT on its...

A parliamentary committee will meet on September 3 to discuss direct tax reforms. The meeting will focus on simplification, rationalization...

Domestic enterprises face significant compliance burdens despite central deregulation efforts. Overlapping rules inflate operational costs ...

Higher monetary limits for tax appeals have reduced disputed tax demand by about ₹16,690 crore, with over 23,000 departmental cases withdra...

India has joined the WTO agreement on fisheries subsidies, prohibiting harmful fishing practices. This pact safeguards traditional fishers ...

The KPMG in India-FICCI GST Survey said GST has matured considerably through greater digitisation and transparency, creating a more unified...

Traders' body CAIT seeks simpler GST rules. Tax collections have surged since 2017, but ground-level compliance remains difficult. More sim...

Industry body Assocham has submitted its pre-Budget memorandum to the Revenue Secretary. Key proposals include tax simplification and ratio...

On the expenditure side, revenue spending is expected to rise by 5%, while capital expenditure is projected to grow at a robust 15%, emphas...

Reform of dispute resolution mechanisms, simplification of litigation management, overhaul of rules dealing with transfer pricing and tax d...

Revenue Secretary Sanjay Malhotra defended the capital gains tax rationalization, stating it was industry-demanded. He highlighted the budg...

The 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...

In this context, the tax proposals in the budget were focused on providing continuity and stability, albeit with some important changes. De...

The panel will tackle those areas that have become "problematic" due to multiple additions over time.

Data 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...

The Income Tax Simplification Committee has given its first batch of draft recommendations vide its draft report released on 18 January 201...

The Central Vigilance Commission today emphasised on simplification of indirect tax laws - service and excise.