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Tax News

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PM Modi’s Masterstroke to Neutralize Trump’s Tariffs; India Set to Rise as US Watches in Frustration

Soon after the United States announced steep tariffs on Indian goods, the Modi government responded with a surprise move. On August 15, during his Independence Day address from the Red Fort, Prime Minister Narendra Modi declared a reduction in Goods and Services Tax (GST)....
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US President Donald Trump Signs the 'Big Beautiful Bill': A Strategic Move Ahead of Elections

US President Donald Trump on Friday signed a highly debated and much-anticipated bill, popularly referred to as the ‘Big Beautiful Bill.’ ...
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Trump’s ‘One Big Beautiful Bill’ Passes Congress in a Landmark Win for the President

In a significant move towards President Donald Trump’s economic agenda, the U.S. House of Representatives passed a major tax cut and spending bill on Thursday....
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Remittance Relief: US Slashes Tax to 1% for Transfers to India

In a major relief for Indian diaspora, the US Senate has revised the draft of the “One Big Beautiful Bill,” reducing proposed remittance tax from 3.5% to just 1%. ...
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PAN Card Name Correction: Simple Steps to Update from Home

The PAN card is as crucial as the Aadhaar card, playing a pivotal role in salary, banking, and tax-related activities. ...
Trump Vs Musk

Political Earthquake in the U.S.: Is Musk Aligning with the Democrats?

A new stormy war has erupted in US politics, which is not limited to election strategies but has taken the form of a direct confrontation between two ...
Personal Finance From April 1

Big financial changes from April 1! Credit card, GST, UPI rules to impact your wallet

The regulatory authority National Payments Corporation of India (NPCI) has introduced a slate of steps that go further towards developing a bastion of...
Google tax

India to scrap 'Google Tax' from April 1, 2025: What it means? READ

India is expected to abolish the 6% equalisation levy, commonly referred to as the "Google tax," on online advertising services by foreign technology ...
ITR filing 2025

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 c...
Finance Minister Nirmala Sitharaman

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 conce...
Union Minister Nirmala Sitharaman.

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...
jewellry

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 ...
Netflix, the global streaming giant, is currently facing a range of accusations in India.

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...

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