As regards personal income tax (PIT), 8.1 crore income tax returns (ITRs) were filed in FY24, a mere 6% of our total ...

Unlike direct taxes, which are levied based on a taxpayer’s ability to pay, indirect taxes apply uniformly, regardless of an individual’s financial situation. As a result, lower-income ...

Matthew Sharp joined Brown Rudnick as a partner in its litigation and dispute resolution practice in London, the firm ...

The fiscal consolidation continues. In 1HFY25, the government posted the lowest fiscal deficit as a percentage ...

This Bill is a much-awaited comprehensive overhaul of a gargantuan piece of complex legislation which should be ...

The lesson of history is that the aggregate demand plays an important role in sustaining the level of economic activity.

The new direct tax code or the new income tax bill announced by Finance Minister Nirmala Sitharaman in the Union Budget, is ...

The NIH has had its missteps — opaque grant review processes, funding imbalances and institutional inertia. But this is not reform.

New Income Tax Bill 2025 Highlights: Union Finance Minister Nirmala Sitharaman presented the new Income-Tax Bill 2025 in Lok ...

Hence, the longer the recession, the larger will be the budget deficit. The composition of direct and indirect taxes in total tax revenue is 37% and 63%, respectively. The withholding component ...