Tax Reforms

Pre-Budget meeting: Ficci seeks faster resolution of tax disputes

Industry body calls for clearing ₹18 trillion in pending tax appeals, TDS rationalisation and tax neutrality for fast-track demergers ahead of Union Budget 2026

Dr Reddy's hopes GST reforms will fix pharma tax issues, boost access

Dr Reddy's Laboratories on Tuesday expressed hope that the new GST structure will take care of existing challenges and aid in ushering a rationalised, industry-friendly tax framework for the pharmaceutical industry. For an extended period, the pharmaceutical sector has faced structural challenges, including higher GST rates and an inverted duty structure, which have impacted the cost efficiency of domestic manufacturing and the affordability of medicines, Dr Reddy's Laboratories Chairman Satish Reddy said in a statement. "We are optimistic that the forthcoming reforms will address these critical concerns and introduce a rationalised, industry-friendly tax framework," he noted. Such measures will significantly improve the affordability and accessibility of essential medicines for every citizen, while also enhancing the global competitiveness and innovation capacity of the Indian pharmaceutical industry, Reddy said. The industry remains fully committed to working in close partnership

GST reform: Turning crisis into opportunity for India's growth story

The finance ministry is clear in its message that the reforms would be comprehensive, going beyond rate rationalisation. The question is how the government should go about it

Arvind Shrivastava takes charge as revenue secretary amid policy challenges

Prior to this, Shrivastava served in the Prime Minister's Office as joint secretary and later as additional secretary

If your salary is just above Rs 12 lakh, do you pay full tax of Rs 61,500?

Central Board of Direct Taxes (CBDT) has clarified that marginal relief applies to incomes up to Rs 12.75 lakh. This means individuals with incomes up to Rs 12.75 lakh won't pay full tax on the excess

Income Tax dept not an adversarial entity, but participative: CBDT chief

CBDT chairman Ravi Agrawal said the tax administration is committed to 'fostering stability and simplifying business operations' in India

From new slabs to crypto tax: 10 key tax reforms in recent Union Budgets

Budget 2025: Union Finance Minister Nirmala Sitharaman is set to make history today as she presents her eighth consecutive Union Budget

Union Budget 2025 expectations highlights: "Will Budget 2025 boost EV growth and manufacturing?

Union Budget 2025 Latest Updates: Catch all the latest developments related to Union Budget 2025 here

Budget 2025: Hospitality sector seeks infra status, tax rates reforms

Lack of infrastructure status, rationalisation of tax rates, easier visa processes and more incentives by state governments to promote investments are some of the key issues that need to be addressed for India's hospitality sector to realise its full potential, Hotel Association of India President K B Kachru said ahead of the Budget. In an interview to PTI, Kachru, emphasised upon the need for India to be marketed in a better fashion, and noted that countries like Japan, South Korea and Thailand have been able to grow their GDP by giving importance to the tourism sector. He emphasised upon the need for India to identify and promote MICE (Meetings, Incentives, Conferences, and Exhibitions) destinations with high potential, and work towards building the required infrastructure to draw tourists globally. "We need investment. Investment can't be done by the government alone. Private sector has to come in and invest. What would motivate them to invest in the country is they must have a .

Union Budget 2025 expectations highlights: Finance sector calls for reduction in loan limits

Union Budget 2025 Latest Updates: Catch all the latest developments related to Union Budget 2025 here

Budget 2025: Govt's third shot at tax reform shouldn't miss the target

Nearly 47 million, or 63 per cent of those who did file returns last year, paid nothing

Budget FY26: Economists urge govt to focus on consumption, tax reforms

India's economic growth slowed more sharply than anticipated in the July-September period of FY25, dropping to a seven-quarter low of 5.4 per cent

Tax reform dilemmas: Taxing agri, adjusting exemptions key to fairness

Any proposed reforms, therefore, need to be analysed from this perspective as well

Non-reporting of foreign moveable assets up to Rs 20 lakh decriminalised

Be cautious, taxman could still come after you for wilfully withholding information

Union Budget 2024-25: Propelling India's evolution into 'Viksit Bharat'

With the objective of ease of doing business and in line with recent Goods and Services Tax (GST) council recommendations, various proposals have been introduced under GST

Income tax rate cut, sops for PSUs: Brokerage expectations from budget 2024

Expectations (as measured by pre-budget equity market performance), wrote analysts at Morgan Stanley in a note, are important in determining what the market does immediately after the budget

Make tax reforms, remove exemptions on duties, sales tax: World Bank to Pak

The report reads, "Government should implement austerity measures and promote public-private partnership in government-owned companies"

Kudos to CBIC for instructions on GST investigations

For issue of summons, prior approval of an officer not below rank of assistant/deputy commissioner must be obtained and relevancy and propriety of information/documents being sought must be recorded

Job creation, MSP law: Congress manifesto vows to reset economic policy

The party omitted mentioning its promise of restoring the old pension scheme (OPS) in the manifesto

Tax reforms, reskilling of elderly needed in senior care: NITI Aayog

Protection of elderly from financial frauds needs to be ensured, says NITI