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India's new Income Tax Bill aims to simplify tax laws, reduce litigation, and improve compliance by eliminating obsolete sections. Experts weigh in on the key changes.

Trump's withdrawal from the OECD's global tax deal won't affect India's tax collection, but experts warn of setbacks in reaching an international consensus on global minimum tax.

The Income Tax Department has issued FAQs on the Vivad Se Vishwas Scheme, 2024, clarifying eligibility for appeals pending as on July 22, 2024, and computation of payable amounts.

AAR rules that softy ice cream mix is not a dairy product and will attract 18% GST due to its high sugar content and processing. The ruling clarifies GST classification complexities for similar...

Indian government sets April 1, 2025, as the sunset date for GST anti-profiteering. Existing cases will be handled by GSTAT. Learn more.

Finance Minister Nirmala Sitharaman announces that buyback of shares will be taxed as dividends for shareholders, effective October 1, 2024. This move could increase the tax burden on investors and...

The Income Tax Department has notified the Cost Inflation Index (CII) for FY 2024-25, impacting long-term capital gains calculations for sale of assets like property, securities, and jewellery....

Taxpayers can avoid TDS penalties if they link their PAN with Aadhaar by May 31, 2024. The CBDT has issued a circular providing relief for short deductions.