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01 Feb 2022

Union Budget 2022: Top 5 announcements on customs reforms and duty rate change

Today, Finance Minister Nirmala Sitharaman presented the Union Budget for the years 2022-23 in Parliament (February 1, 2021). In the case of state government employees, the finance minister declared that a tax deduction of up to 14 percent will be permitted on the employer's contribution. In the event that taxpayers fail to record an income, the FM stated that they will be entitled to file an updated ITR for two years from the relevant assessment year.

06 May 2021

More than 30 killed within week of Colombian protests against tax reform

The protests left 1,220 protesters injured, with 18 of them having sustained eye traumas 31 people have been killed between April 28 and May 4

31 May 2018

Tax reforms to expand revenue base in India: Moody's

It said most sovereigns have embarked on tax administration and compliance reforms, especially through the centralisation of multiple agencies and increased usage of technology.

19 Aug 2016

Goods and Service Tax to impact annual budget too?

08 Aug 2016

Parliament passes GST Bill; PM Modi says it will end 'tax terrorism', make consumer 'king'

After a six-hour debate, the Lower House passed the bill with all the 443 members present voting in favour after AIADMK members staged a walkout while opposing the measure.

08 Aug 2016

GST to reduce tax evasion; rate to be kept at minimum: FM Jaitley

The tax rate under the GST regime will be kept at "minimum workable rate" as no state government can annoy its people by having a higher rate, Finance Minister Arun Jaitley said Monday in the Lok Sabha which passed the historic legislation to amend the Constitution.

04 Aug 2016

GST to curb black money, April 2017 rollout tough: Experts

The Goods and Services Tax (GST) regime will weed out black money and usher in an efficient taxation system, but the April 2017 rollout deadline appears to be challenging, experts said.

03 Aug 2016

GST Bill passage historic, says FM Jaitley; thanks Congress and other parties

The Goods and Services Tax (GST), which will subsume over a dozen central and state levies including excise duty, service tax and VAT, is "perhaps the most important" tax reform, he said soon after Rajya Sabha overwhelmingly voted for the legislation.

03 Aug 2016

GST Bill passed in Rajya Sabha; decks cleared for India's biggest tax reform

In the biggest tax reform since Independence, the national sales tax or GST Bill was Wednesday approved by the Rajya Sabha to replace a raft of different state and local taxes with a single unified value added tax system to turn the country into world's biggest single market.

India’s biggest tax reform looms

03 Aug 2016

India’s biggest tax reform looms, many companies unprepared

the prospect that a new Goods and Services Tax (GST) could enter force next year.

12 Apr 2016

China says tax reform will boost economy, structural changes

China's value-added tax reforms will help support the economy and speed up structural adjustments, Vice Finance Minister Shi Yaobin said on Tuesday, playing down concerns such reforms could fan property speculation.

29 Feb 2016

Budget 2016: No change in Income Tax slabs; rent deduction limit raised to Rs 60k

Budget 2016: No change in Income Tax slabs; rent deduction limit raised to Rs 60k

29 Feb 2016

Budget 2016: Corporate tax rate for small firms cut to 29%

Budget 2016: Corporate tax rate for small firms cut to 29%

29 Feb 2016

Watch: Public react to Arun Jaitley's Budget 2016

Watch: Public react to Arun Jaitley's Budget 2016

29 Feb 2016

Jaitley accepts Rahul Gandhi's suggestion of tax exemption for Braille paper

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29 Feb 2016

Budget 2016: Rs 9,000 crore allocated for Swachh Bharat Abhiyan

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29 Feb 2016

Budget 2016: 100% village electrification by 2018, says Jaitley

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29 Feb 2016

Rs 35,984 crore allocated for agriculture in Budget 2016-17

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29 Feb 2016

Budget 2016: Govt plans to double farmers' income by 2022, says Jaitley

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29 Feb 2016

Budget 2016: Jaitley says his budget focuses on economic reform

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