By: AdminFebruary 06, 2025Categories: New Income Tax Act4 Min Read The Union Cabinet plans to approve the much-anticipated New Income Tax Bill on Friday, paving the way for its introduction…
Reform Tax Laws in Budget 2025 to Reduce Compliance Costs
By: AdminDate: January 27, 2025Category: TAX NewsReading Time: 4 Minutes With the Union Budget just around the corner, expectations are high for personal income tax rate cuts. In her seventh…
India’s Third Attempt at Tax Reform: A Critical Moment for Change
By: AdminDate: January 22, 2025Categories: Income Tax News, NewsReading Time: 4 Min Introduction: Mounting Taxpayer ConcernsAs India prepares for its third attempt to reform the six-decade-old tax code, dissatisfaction among…
Budget 2025: Key Tax Reforms Proposed by Former CBDT Chair JB Mohapatra
By: AdminDate: January 22, 2025Categories: CBDT, NewsReading Time: 4 Min Introduction: Proposals for a More Efficient Tax SystemAs the Union Budget 2025 approaches, former CBDT Chair JB Mohapatra has outlined…
ICAI Advocates Tax Benefits for Climate Change Mitigation in Pre-Budget Recommendations 2025
By: AdminDate: January 4, 2025Categories: ICAI | NewsReading Time: 4 Min The Institute of Chartered Accountants of India (ICAI), the apex body for chartered accountants, has proposed a series of…
New Tax Rule: Avoid Tax Deduction on Purchases from IFSC Sellers
By: AdminDate: January 6, 2025Categories: TAX NewsReading Time: 4 Min The Ministry of Finance has introduced a new rule, effective January 1, 2025. This rule allows buyers to avoid tax…
ICAI Advocates for Concessional Tax Regime for Partnership Firms
By: AdminDate: January 6, 2025Categories: ICAI | NewsReading Time: 4 Min The Institute of Chartered Accountants of India (ICAI) has put forth a recommendation for a special concessional tax regime…
Direct Tax Vivad Se Vishwas Scheme: Submit Declaration by Dec 31 to Avoid Higher Tax Costs
By: AdminDate: December 30, 2024Categories: Income Tax News | NewsReading Time: 4 Minutes The Vivad Se Vishwas Scheme, introduced during the Budget 2024 speech by Union Finance Minister Nirmala Sitharaman,…
GST Notices Sent to CNG Kit Providers Over Tax Classification Dispute
By: Admin | December 27, 2024Categories: GST Recent News | 4 Min Read Overview of the Issue The Goods and Services Tax (GST) authorities have issued show cause-cum-demand notices to…
Centre Proposes GST-Style Panel for Agricultural Marketing Reforms
The Ministry of Agriculture and Farmers’ Welfare has proposed creating an Empowered Committee of State Agricultural Marketing Ministers to streamline agricultural marketing reforms. Modeled on the GST Empowered Committee of…