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Tax News

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ITR filing 2025: How often can taxpayers switch between new, old tax regime? READ

In India, taxpayers can choose between the old and new income tax regimes, each offering distinct benefits. However, this choice isn't permanent and can be revisited annually....
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Easier taxes for all? Sitharaman's new Bill promises simplicity, critics demand more

New Delhi: Nirmala Sitharaman introduces the Income Tax Bill in Parliament aiming for simpler tax laws, but the Opposition stages a walkout amid concerns about its actual effectiveness....
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Finance Minister's directive: States should advocate for fair tax devolution

The 16th Finance Commission, headed by Arvind Panagariya, has been tasked to make its recommendations available by October 31, 2025, covering an award period of 5 years....
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Budget 2025: Industry welcomes duty cut on platinum jewellery components

Gem and Jewellery Export Promotion Council (GJEPC) chairman Vipul Shah said the council welcomes the proposal of creating new tariff items in Chapter 71....
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Netflix under scrutiny in India over visa misuse, tax evasion, racial discrimination

The ongoing investigations come at a time when Netflix has been expanding its presence in India, a key market for its global growth strategy. ...
Union Budget 2024: What will be cheaper and what will be costlier?

Union Budget 2024: What will be cheaper and what will be costlier?

Sitharaman also mentioned the government's commitment to simplifying and rationalizing the GST tax structure to make it more efficient. For those choo...
Protests in Kenya

Tax-hike protests claim 39 lives in Kenya, leaves over 360 injured, says rights watchdog

The protests in Kenya over tax-hike have seen clashes between demonstrators and security forces, resulting in significant casualties. Meanwhile, accor...
Travel Restrictions

Know before you go: Understanding duty-free limits for international travelers

Before embarking on an international trip, it's crucial to familiarize yourself with customs regulations to avoid legal complications upon return....
Bank, LIC open on March 30, 31

Banks, LIC, tax department open on March 30, March 31; Know reason?

Banks, LIC, tax departments have declared March 31 as a working day to facilitate timely financial transactions and tax obligations. ...
Best tax saving schemes for senior citizens

Maximum Tax Savings with HUF! Zerodha CEO Nithin Kamath highlights benefits of Hindu Undivided Family

Maximum Tax Savings with HUF: In a recent social media post, Kamath underscored the advantages of HUF for tax planning purposes. He emphasized that ma...
Karnataka

Karnataka temple tax bill awaits action after fails to pass in Legislative Council

The temple tax was opposed by the opposition leaders in Karnataka Legislative Assembly that gives the government the authority to tax temples that ear...
Hindu Temple

Karnataka clears 10% tax on temples, BJP calls it ‘Anti-Hindu’ activity

BJP has slammed Karnataka government after they have pass the bill to levy 10 per cent tax on temple. ...

Delhi govt to demand withdrawal of 28 pc tax on online gaming industry at GST meet: Atishi

Ahead of the 52nd Goods and Services Tax (GST) Council meeting on Saturday, Delhi Finance Minister Atishi criticised the Centre over the imposition...

FirstCry founder receives tax evasion notice, total sum add upto 50 million dollars

The founder of children’s clothing brand FirstCry, Supam Maheshwar has received a notice from India’s Ministry of Finance questioning why h...

28% GST on online gaming to remain, but…

Even though three states- Delhi, Goa, and Sikkim voiced against the move, the GST Council agreed on Wednesday that 28% GST will be imposed at face ...

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