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IT department seeks feedback on rules that make filing easier under Income Tax Act, 2025

New Delhi, Feb. 7 -- The Income Tax department on Saturday sought public feedback on a set of draft rules under the Income Tax Act, 2025 aimed at making the filing of taxes simpler. The new tax law c... Read More


Recent reforms effectively a new direct tax code: CBDT chief

New Delhi, Feb. 5 -- India's long-awaited overhaul of its direct tax regime has effectively arrived in stages, combining the simplified Income Tax Act enacted last year with a toned-down penalty and a... Read More


'Slower FY27 customs revenue growth reflects India's push for competitiveness, trade liberalisation'

New Delhi, Feb. 3 -- The moderation in customs duty revenue growth projected for fiscal year 2027 (FY27) in the Union budget is due to lowering customs duty on raw materials and inputs to make Indian ... Read More


Customs duty collections will grow slower next fiscal. There are two reasons

New Delhi, Feb. 3 -- The moderation in customs duty revenue growth projected for fiscal year 2027 (FY27) in the Union budget is due to lowering customs duty on raw materials and inputs to make Indian ... Read More


Budget 2026 seeks to make tax regime less adversarial, more predictable: official

New Delhi, Feb. 2 -- The fiscal year 2027 (FY27) Union budget signals a broader reset in India's tax policy, combining efforts to reduce disputes and ease compliance for domestic taxpayers with target... Read More