To simplify tax law and make it more precise and technology-ready, the Government of India decided to overhaul the existing ...

The much-anticipated Bill will replace terminologies like assessment and previous year with easier to understand 'tax year' as part of move to simplify language while removing provisos and ...

Income Tax Budget 2024: Under this new regime, the tax payable has steadily decreased over the years. For instance, an individual with an annual gross taxable income of Rs 16,00,000, who paid Rs ...

Pre-budget suggestions are pouring in, in the North Block. As the government gears up to present the 2026 budget, one proposal stands out for its pote.

(The Center Square) – Every state that implemented an individual income tax since 1960 had both its gross domestic product and total tax revenue decline, Dr. Arthur B. Laffer of The Laffer Center told ...

amend the law relating to income-tax for introduction in the Lok Sabha on Thursday. According to the agenda circulated by the Lok Sabha secretariat on Wednesday, Finance Minister Nirmala Sitharaman ...

This update explains the major GST and income-tax reforms introduced during 2025. It highlights how simplified rates, faster refunds, and revised tax slabs reduce compliance stress and improve ...

The utopian flat rate of income tax has been the subject of economic and political debate for a long time. Advocates of the system point to the obvious benefits—a simplified, easy-to-understand tax ...

The introduction of the Financial Investment Income Tax (Fin-Income Tax) is just five months away. In the political arena, heated debates are ongoing daily over the 'abolition of the Fin-Income Tax.' ...

Fitch Ratings: The recently announced mid-2023 introduction of the Federal Corporate Tax in the United Arab Emirates (UAE) could have uneven credit implications on rated corporates, with privately ...