Finance Minister Nirmala Sitharaman announces imminent reductions in GST rates and rationalization of tax slabs, with the review process in its final stages, aiming to simplify the tax structure and promote economic growth.
Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025 in Parliament, marking a significant step towards tax reforms in India. The proposed legislation aims to replace the Income Tax Act of 1961 with a more structured and modern framework, enhancing compliance and transparency. Key Features of the Income Tax Bill 2025 The new bill […]
India is making significant strides in transforming its tax system by introducing a trust-based tax assessment model. The approach aims to reduce scrutiny, simplify the tax filing process, and foster trust between taxpayers and authorities. This shift aligns with the government’s broader objective of creating a taxpayer-friendly environment while ensuring compliance and
