A decline in the Goods and Services Tax (GST) rate has a higher multiplier effect of 1.08x compared with direct taxes, according to a report by Ambit Capital.
Personal income tax collections have surpassed corporate taxes for the first time in India's history, signalling a structural shift in the country's direct tax architecture driven by formalisation, digitisation and stronger compliance, according to a report by JM Financial Institutional Secu
The new Income Tax Act has been formulated using simple language to eliminate complicated legal challenges and make tax provisions more accessible to common taxpayers, according to RN Parbat, Member (Legislation) at the Central Board of Direct Taxes (CBDT).
A large sit-in protest by traders is ongoing throughout Pakistan-occupied Gilgit-Baltistan (PoGB), bringing daily life in Gilgit city and its vicinity to a standstill.
The report estimated that the GST 2.0 regime, while involving an average revenue loss of Rs 85,000 crore, has resulted in a substantial consumption boost of Rs 1.98 lakh crore.
Hyderabad (Telangana) [India], August 18: Today, EZTax, India's top tax filing portal, unveiled a new edition of its self-service (DIY) Income Tax e-Filing portal with significant artificial intelligence (AI) upgrades to save on taxes, reduce errors, and reduce e-filing time by 30%.
A sit-in on the Karakoram Highway has blocked trade between Pakistan and China for 22 days. Protesters demand tax exemptions and clearance of stuck goods in Pakistan-occupied Gilgit-Baltistan. The government's federal committee will meet to resolve the issue, but protesters won't end the str
Traders in Pakistan-occupied Gilgit-Baltistan have blocked the Karakoram Highway for 23 days, halting trade with China. They demand removal of federal taxes, calling them illegal due to the region's disputed status. The protest has gained wide support and severely affected the local economy
The EBITDA, which refers to earnings before interest, taxes, depreciation, and amortisation, stood at Rs 301 crore, reflecting strong operational efficiency