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IT Act simplification to cut down litigation in a big way, to aid future reforms: Baijayant Panda

New Delhi, July 22 -- New Delhi: Simplification of the Income Tax Act for which a select committee of the Lok Sabha made over 330 recommendations will cut down tax litigation significantly and aid fut... Read More


Centre, states close to agreeing on rolling cess into GST

New Delhi, July 21 -- The Centre and states are close to agreeing on folding the GST compensation cess within the broader goods and services tax (GST), two people aware of discussions in the governmen... Read More


Centre, states inch closer to consensus on GST cess

new delhi, July 21 -- The Centre and states are close to agreeing on folding the GST compensation cess within the broader goods and services tax (GST), two people aware of discussions in the governmen... Read More


Lok Sabha panel backs taxpayer-friendly GAAR tweaks in Income Tax Bill review

New Delhi, July 18 -- A Lok Sabha panel reviewing the Income Tax Bill, 2025 is set to propose a more taxpayer-friendly approach to anti-avoidance provisions aimed at curbing aggressive tax planning. ... Read More


Direct tax law simplification to set stage for fresh reforms

New Delhi, July 17 -- The Income Tax Bill 2025, set to be moved in the monsoon session of Parliament to simplify the direct tax law, will set the stage for another round of reforms which will be more ... Read More


Only tax-verified non-profits can now execute CSR work, says govt

New Delhi, July 16 -- The government has tightened disclosure norms for non-profits executing corporate social responsibility (CSR) projects on behalf of companies, introducing a more detailed registr... Read More


Centre to frame criteria to finance private deep-tech research soon, minister Jitendra Singh says

New Delhi, July 15 -- The Central government will soon frame the criteria to finance private research projects utilising the Rs.1 trillion corpus announced in last year's interim budget that is aimed ... Read More


Income Tax Department launches nationwide crackdown against bogus tax benefit claims

New Delhi, July 14 -- The Income Tax department has launched a sweeping verification drive to expose fraudulent tax benefit claims filed by assessees, often with the assistance of professional interme... Read More


Trump's tariffs offer India a trade opening but policy action will be key, says NITI Aayog

New Delhi, July 14 -- The Trump administration's tariff policies have opened up opportunities for India to gain market share in several product categories, but the Asian nation must act swiftly to cap... Read More


The savvy set: How one category became India's fastest-growing taxpayer tribe

New Delhi, July 14 -- The Indian investor's hard turn to stocks, property and foreign assets after the pandemic shock has been much spoken about. Now, the numbers are showing up in the tax filings. I... Read More