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New Delhi: India overhauled its tax regime in 2025 with sharp cuts in Goods and Services Tax (GST) rates and a higher income tax exemption limit, with the spotlight now turning to customs duty rationalisation and procedural simplification in the coming Budget. Next year will see the new simplified Income Tax Act, 2025, to come…
Last Updated:August 20, 2025, 18:21 is The finance minister presents to GoMs from states the Centre’s blueprint for the next generation of GST reforms, describing it as a step towards making India Aatmanirbhar. Union Finance Minister Nirmala Sitharaman on Wednesday addresses the Group of Ministers (GoMs) constituted by the GST Council on Compensation Cess, Health…
New Delhi: Ahead of Union Budget on February 1, about 64 per cent of industrialists expressed optimism regarding India’s growth in a “quick survey” conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI). According to the survey results, nearly 60 per cent of participants projected a GDP growth rate between 6.5 and…
New Delhi: Finance Minister Nirmala Sithraman said in the Parliament on Wednesday that the primary aim of the Union Budget for 2024-25 is to simplify the tax regime and ensure equitable treatment of all asset classes, as she confirmed the relaxation of the real estate indexation rules. Referring to the amendment to the long-term capital…