Summary: The Finance Bill 2025 presents significant updates in both direct and indirect taxes aimed at improving business ease, reducing litigation, and widening the tax base. Direct tax proposals ...

The FM has retained the effective tax rate of most products to the pre-budget rates by balancing through the AIDCess, notes ...

Summary: The Union Budget 2025 proposes a rationalized customs tariff structure by removing seven tariff rates, leaving only eight, with minor reductions on select items. To support domestic ...

To meet this demand, the number of FTA sponsored corporate tax awareness events rose significantly to 70 events, in 2024, compared to 49 in 2023, an annual increase of 42.9%.

Sanjay Kumar Agarwal, Chairman, Central Board of Indirect Taxes & Customs said, “The reduction in the customs duty. The 10% customs duty in wet blue leather has been reduced to nil...the small ...

Rationalization of Customs tariff rates is critical; we had seen the previous Budget review Customs duties on items such as ...

This is a recurring post, regularly updated with new information and offers. Have you thought about paying for your taxes with a credit card but weren't sure if that was a smart move or not? On one ...

With the new year comes the start to another tax season, and while the deadline to file may feel like a long way off from now, the IRS is reminding people to get ready. Taxpayers are encouraged by the ...

Furthermore, the Central Board of Indirect Taxes (CBIC) has been taking steps to digitise the compliance processes such as broad-basing e-invoicing and Invoice Management System (IMS) for credits ...

One of President-elect Trump's most popular election promises was to eliminate taxes on tips for working Americans. Now, Congress is helping him deliver on that promise, FOX Business has learned.

Andrew Duehren covers tax policy. Scott Bessent, President-elect Donald J. Trump’s Treasury secretary pick, defended tax cuts and tariff increases on Thursday, rebutting accusations from ...

which have been linked to thousands of indirect deaths up to 15 years after they hit. People across the LA area have been breathing in unhealthy/hazardous air for days now, the health impacts of this ...