Carmakers and local authorities in India are embroiled in $6 billion worth of tax disputes spanning years of scrutiny by the ...
India’s net direct tax collection has risen 15 per cent to ₹17.78 lakh crore so far in the current fiscal 2024-15 (FY15), ...
As India moves closer to a major tax overhaul, the new Income-Tax Bill 2025 seeks to simplify the tax structure and to make ...
The new bill, which aims to simplify the tax language for common people, will replace the Income Tax Act, 1961.
The Bill is expected to omit references to the old tax regime, officially making the new tax regime the default. However, ...
The draft Income-Tax Bill, 2025 has been circulated among Members of Parliament and is expected to be tabled in Parliament on ...
In July 2024, the government announced a review of the Income-tax Act, 1961, aiming to simplify it for taxpayers. A KPMG ...
India's direct tax collections have witnessed a robust growth of 19.06 per cent year-on-year (YoY), reaching Rs 21.88 lakh ...
India’s direct tax collections have recorded 19.06 per cent year-on-year (YoY) growth, reaching Rs 21.88 lakh crore in the ...
To ensure greater clarity, the bill also includes tables, examples, and formulas to explain tax provisions to make it easier ...
Reliance Industries record-breaking performance not only shows its contribution in India’s corporate sector but also reflects ...
India will introduce a new condensed version of its income tax law in the lower house of the Parliament on Thursday, which aims to simplify the six decades old rules that have led to a slew of ...