Tax
- Business
Sitharaman to attend GoM meeting on Aug 20, explain next-gen GST reforms
New Delhi: Finance Minister Nirmala Sitharaman will attend a crucial meeting of a state ministerial panel on August 20 to put forth the Centre’s proposal for sweeping GST reforms that will slash…
- News
‘Next Gen GST’ precursor to eventual single tax slab GST: Sources
New Delhi: Describing the proposed GST tax reforms as ‘Next Gen GST’, senior government officials on Saturday said that the two-slab tax regime will eventually pave the way for a single sales/services…
- Business
New I-T Bill: No ITR filing exemptions for small taxpayers
New Delhi: The new Income Tax Bill, 2025, passed by the Lok Sabha, clarifies that late-return filers are eligible for refunds on excess taxes deducted in a financial year. Analysts said on…
- India
Govt makes tax compliance easier for content creators, influencers
New Delhi: This tax season marks a significant change in the filing of returns for social media content creators and influencers, with their income now being classified under a specific category. The…
- Middle East
UAE to roll out sugar-based tax on sweetened drinks
Abu Dhabi: The United Arab Emirates (UAE) will implement a new sugar-content-based excise tax on sweetened beverages starting January 2026, the Ministry of Finance and the Federal Tax Authority (FTA) announced on…
- Business
Time taken for tax refunds in India cut from 3 months to 17 days in last 11 years
New Delhi: The average number of days it takes for taxpayers to get refunds from the Income Tax Department in India has come down drastically from 93 days in 2013 to a…
- Business
GST Council meeting soon, tax slab rates & compensation cess key review points
New Delhi: The Goods and Services Tax (GST) Council is expected to meet soon to review the tax regime. This could be the most significant review since the scheme was announced on…
- India
LoP Gandhi slams GST, demands people-centric tax reforms
New Delhi: Leader of the Opposition (LoP) in the Lok Sabha, Rahul Gandhi on Tuesday launched a sharp attack on the Goods and Services Tax (GST) regime, describing it as a “tool…
- Middle East
Saudi Arabia waives tax fines until December 2025
Riyadh: Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has extended its tax amnesty initiative, allowing the cancellation of fines and exemption from penalties until December 31, 2025. The initiative, initially extended…
- Middle East
Oman to impose 5 pc income tax on high earners
Muscat: Oman will implement a 5 percent income tax on individual whose annual earnings exceeds 42,000 Omani riyals (Rs 94,57,768) from January 1, 2028. This move makes Oman the first GCC country…
- World
Trump threatens to strip Harvard University of its tax-exempt status
Washington: The row between Harvard University and US President Donald Trump escalated further after the elite university refused to accept far-reaching policy changes ordered by the White House, and Trump threatened to…
- Featured News
Beyond GDP: Building an inclusive India
By Anandini Gupta India is now the 5th largest economy in the world. This narrow GDP-centric metric is often mistakenly understood as a representation of the progress and growth of the country…
- India
Mauritius seeks amendment in double taxation avoidance convention with India: FM
Port Louis: Mauritius is pressing for amendments to its trade agreement, including Double Taxation Avoidance Convention (DTAC) with India, Foreign and Trade Minister Dhananjay Ramful said. In an interview with PTI Videos…
- Business
GST rates to be reduced further, rationalisation on the cards: FM Sitharaman
New Delhi: Union Finance Minister Nirmala Sitharaman has said that Goods and Services Tax (GST) rates will be reduced further as the process of rationalising tax slabs is nearing completion. FM Sitharaman…
- Business
Adani Portfolio’s tax contributions reach Rs 58,104 crore for FY 2023-24
Ahmedabad: The Adani Group’s total global tax and other contributions to the exchequer amounted to Rs 58,104.4 crore for the financial year 2023-24, showcasing a significant increase from the previous year’s Rs…
