At the India–Cyprus Business Roundtable in Limassol, Prime Minister Narendra Modi announced that India is on track to become the world’s third‑largest economy in the coming years, propelled by bold reforms, digital innovation, and global collaboration. Tax reforms building investor trust Modi

Prime Minister Narendra Modi, while addressing the India–Cyprus CEO Forum in Limassol, showcased India’s sweeping tax reforms and world-leading digital transformation as central pillars of its economic ascent. The remarks came as part of his broader diplomatic visit to Cyprus, aimed at strengthening bilateral and multilateral economic engagement. Tax reforms driving

The Union Cabinet is set to approve a new Income Tax Bill on February 7, with plans to introduce it in the Lok Sabha during the ongoing Budget session. This bill seeks to replace the existing Income Tax Act of 1961 with a more streamlined and taxpayer-friendly system. Objective of the New Tax Bill The […]

The government is reportedly considering reducing income tax rates in the upcoming Budget 2025. This potential move aims to bolster consumption and stimulate economic growth amid concerns of sluggish demand. Sources indicate that the Ministry of Finance is exploring strategies to provide relief to taxpayers, particularly those in the middle-income bracket. Focus on

The 53rd GST Council meeting held in Jaisalmer on December 21 saw deliberations on significant tax reforms aimed at improving compliance and addressing industry concerns. Chaired by Finance Minister Nirmala Sitharaman, the council discussed crucial policy matters that impact businesses and consumers alike. Tax Rate Adjustments and Clarifications One of the primary focuses