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

The Union Budget, which focused on economic expansion, infrastructure development, MSMEs, futuristic cities, and middle-class ...

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 ...

Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as ...

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

The Union Budget 2025-26 introduces several amendments to indirect taxes, covering GST and customs. In GST, changes include allowing Input Service Distributors to distribute input tax credit for inter ...

Union Budget 2025-26: Finance Minister Nirmala Sitharaman announced a range of taxation changes, including for both direct and indirect tax. As part of the indirect taxes, FM Sitharaman announced ...

Budgets come and go leaving behind a sea of unfulfilled expectations of taxpayers. However, Budget 2025 will long be ...

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

India’s total tax arrears amount to ₹42.64 lakh crore, with ₹41.63 lakh crore in direct tax arrears and ₹1.01 lakh crore in indirect tax arrears. To recover these dues, the Central Board of Direct ...