The new Income Tax Act is expected to expand India's tax base by making compliance simpler and more accessible for individuals, institutions and exempt entities, Debjyoti Das, Principal Chief Commissioner of Income Tax (Exemption) told ANI today.
Bengaluru (Karnataka) [India], October 24: The Goods and Services Tax (GST) has been a game-changer in India's taxation system since its rollout in 2017. After almost two decades of deliberation and planning, the country adopted a unified tax structure aimed at simplifying the complex web of
While speaking to ANI after the reforms came into effect, the Union Minister also highlighted that the Bharatiya Janata Party (BJP) had worked to ensure public trust in the new system.
Haryana Chief Minister Nayab Singh Saini has said that several significant decisions were taken during the GST Council meeting held in the national capital on Wednesday.
BJP Member of Parliament and Chairman of the Finance Select Committee, Baijayant Jay Panda on Tuesday reflected upon the ongoing simplification of India's tax laws, stated that the newly proposed Income Tax Bill aims to make compliance easier for taxpayers without altering tax policies or ra
Union Budget 2023-24 has a slew of measures to boost exports and help accelerate the growth of manufacturing in the country, said an official press release by the government, adding that the indirect tax simplification and rationalisation have a clear export-oriented focus, as per an offi