Reforms In Taxation
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Union Budget 2025 Will Initiate Reforms In Six Areas Including Taxation: Nirmala Sitharaman
Union Budget will initiate reforms in six areas - taxation, urban development, mining, financial sector, power and regulatory framework, said Finance Minister Nirmala Sitharaman.
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Investors Expect Crypto Tax Could Continue as Nirmala Sitharaman Returns as Finance Minister
The Indian crypto circle has been waiting for FM Sitharaman to revise the tax laws imposed over the crypto sector. Despite the outcry, the finance minister did not announce any taxation relief for the crypto sector while presenting the interim annual budget earlier this year. Her re-appointment to the finance minister’s position has sparked conce...
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India's G20 Sherpa's Sharp Retort To US Envoy's Reforms In Taxation Remark
India's G20 sherpa Amitabh Kant Friday said Americans do protectionism of the highest order and advocate laissez-faire for the developing countries as he dismissed US ambassador Eric Garcetti's suggestion of reforms in India's taxation system.
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"Want An India That...": US Envoy Wants Reforms In Tax, Export Policies
US Ambassador Eric Garcetti on Tuesday pitched for reform in India's taxation and export control for deeper bilateral economic engagement and said the "rhetoric" that everything has to be made in India could slow down the pace of the country's growth
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Japan Crypto Exchanges Pushing For Margin Trading Relaxation For Sector Growth
Japan’s crypto exchanges are pushing for a relaxation of curbs on margin trading, unbowed by last year’s global digital-asset market crash. Many people in the industry want permitted leverage for retail investors of four to 10 times whereas currently, customers can at most double exposure via borrowing.
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How the 1 Percent TDS Provision Will Affect the Growth of the Crypto Industry
The recently introduced 1 percent TDS on virtual digital asset (VDA) transactions, as part of the Finance Bill 2022, has been described as highly detrimental to the industry. The tax provision is expected to discourage entrepreneurs and investors from developing the burgeoning industry while the government could lose out on an opportunity to earn t...
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Australia Plans Crypto Taxation as Government Gears to Reform Payment Laws
The government of Australia has begun thinking of ways to regulate the crypto sector. Along with bringing digital assets under the tax regime of the nation, Australia is also aiming to ensure investor protection. Foreign crypto exchanges operating in the country may also have to agree to store Australian data inside the country itself.
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Faceless Assessment In PM Modi's Big New Push For Tax Reforms: 10 Points
Prime Minister Narendra Modi announced key tax reforms amid the coronavirus pandemic. The new platform "Transparent Taxation - Honouring the Honest" carries forward the journey of direct tax reforms in India, such as "faceless appeals" where taxpayers don't have to visit offices to rectify errors. Finance Minister Nirmala Sitharaman, who also atten...
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This One Tip May Bring About Serious Health Reforms
The research team estimated that adding 10 percent to the price of chocolate, confectionery, cakes, and biscuits may reduce purchases by around 7 percent.
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UP Gang Found Complex Way To Make Fake Aadhaar Cards, Say Police
The police in Uttar Pradesh arrested 10 men on Sunday who they said are members of a gang that was involved in counterfeiting Aadhaar cards, hailed for their bulletproof biometric features at the centre of the government's push for reforms in welfare, taxation and communications.
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GST Not An Easy Reform To Implement, Says Finance Minister Arun Jaitely
The Goods and Services Tax was not an "easy reform to implement" but it has evoked "great" public support with the government deciding not to blink in the face of opposition to the new taxation measure, Union Finance Minister Arun Jaitley said on Sunday.
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How Will New Taxation System GST Work? Explained In 10 Points
When GST or goods or services tax rolls out on July 1, it will be the biggest tax reform since Independence. GST will subsume a large number of central and state taxes into a single tax, paving the way for a common national market. From free flow of goods and services to elimination of cascading of taxes, the potential benefits to Indian economy ar...
-
GST Rollout Moved To July, Says Finance Minister Arun Jaitley: 10-Point Guide
India's most important tax reform in decades will roll out in July and not April as planned because of unresolved disputes between the centre and states over taxation powers, Finance Minister Arun Jaitley said today. The National Goods and Services Tax or GST replaces a jumble of complicated levies which make business tough for manufacturers and cr...
-
GST Rollout Moved To July, Misses April Deadline, Says Finance Minister Arun Jaitley
India's most important tax reform in decades will roll out in July and not April 1 as planned because of unresolved disputes between the centre and states over taxation powers, Finance Minister Arun Jaitley said today.
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GST Reform PM Modi's Biggest Win Yet: Foreign Media
India's Upper house of parliament on Wednesday approved the creation of a national sales tax a decade after the move was first proposed, the biggest legislative victory for Prime Minister Narendra Modi since he took office in 2014.
-
Union Budget 2025 Will Initiate Reforms In Six Areas Including Taxation: Nirmala Sitharaman
Union Budget will initiate reforms in six areas - taxation, urban development, mining, financial sector, power and regulatory framework, said Finance Minister Nirmala Sitharaman.
-
Investors Expect Crypto Tax Could Continue as Nirmala Sitharaman Returns as Finance Minister
The Indian crypto circle has been waiting for FM Sitharaman to revise the tax laws imposed over the crypto sector. Despite the outcry, the finance minister did not announce any taxation relief for the crypto sector while presenting the interim annual budget earlier this year. Her re-appointment to the finance minister’s position has sparked conce...
-
India's G20 Sherpa's Sharp Retort To US Envoy's Reforms In Taxation Remark
India's G20 sherpa Amitabh Kant Friday said Americans do protectionism of the highest order and advocate laissez-faire for the developing countries as he dismissed US ambassador Eric Garcetti's suggestion of reforms in India's taxation system.
-
"Want An India That...": US Envoy Wants Reforms In Tax, Export Policies
US Ambassador Eric Garcetti on Tuesday pitched for reform in India's taxation and export control for deeper bilateral economic engagement and said the "rhetoric" that everything has to be made in India could slow down the pace of the country's growth
-
Japan Crypto Exchanges Pushing For Margin Trading Relaxation For Sector Growth
Japan’s crypto exchanges are pushing for a relaxation of curbs on margin trading, unbowed by last year’s global digital-asset market crash. Many people in the industry want permitted leverage for retail investors of four to 10 times whereas currently, customers can at most double exposure via borrowing.
-
How the 1 Percent TDS Provision Will Affect the Growth of the Crypto Industry
The recently introduced 1 percent TDS on virtual digital asset (VDA) transactions, as part of the Finance Bill 2022, has been described as highly detrimental to the industry. The tax provision is expected to discourage entrepreneurs and investors from developing the burgeoning industry while the government could lose out on an opportunity to earn t...
-
Australia Plans Crypto Taxation as Government Gears to Reform Payment Laws
The government of Australia has begun thinking of ways to regulate the crypto sector. Along with bringing digital assets under the tax regime of the nation, Australia is also aiming to ensure investor protection. Foreign crypto exchanges operating in the country may also have to agree to store Australian data inside the country itself.
-
Faceless Assessment In PM Modi's Big New Push For Tax Reforms: 10 Points
Prime Minister Narendra Modi announced key tax reforms amid the coronavirus pandemic. The new platform "Transparent Taxation - Honouring the Honest" carries forward the journey of direct tax reforms in India, such as "faceless appeals" where taxpayers don't have to visit offices to rectify errors. Finance Minister Nirmala Sitharaman, who also atten...
-
This One Tip May Bring About Serious Health Reforms
The research team estimated that adding 10 percent to the price of chocolate, confectionery, cakes, and biscuits may reduce purchases by around 7 percent.
-
UP Gang Found Complex Way To Make Fake Aadhaar Cards, Say Police
The police in Uttar Pradesh arrested 10 men on Sunday who they said are members of a gang that was involved in counterfeiting Aadhaar cards, hailed for their bulletproof biometric features at the centre of the government's push for reforms in welfare, taxation and communications.
-
GST Not An Easy Reform To Implement, Says Finance Minister Arun Jaitely
The Goods and Services Tax was not an "easy reform to implement" but it has evoked "great" public support with the government deciding not to blink in the face of opposition to the new taxation measure, Union Finance Minister Arun Jaitley said on Sunday.
-
How Will New Taxation System GST Work? Explained In 10 Points
When GST or goods or services tax rolls out on July 1, it will be the biggest tax reform since Independence. GST will subsume a large number of central and state taxes into a single tax, paving the way for a common national market. From free flow of goods and services to elimination of cascading of taxes, the potential benefits to Indian economy ar...
-
GST Rollout Moved To July, Says Finance Minister Arun Jaitley: 10-Point Guide
India's most important tax reform in decades will roll out in July and not April as planned because of unresolved disputes between the centre and states over taxation powers, Finance Minister Arun Jaitley said today. The National Goods and Services Tax or GST replaces a jumble of complicated levies which make business tough for manufacturers and cr...
-
GST Rollout Moved To July, Misses April Deadline, Says Finance Minister Arun Jaitley
India's most important tax reform in decades will roll out in July and not April 1 as planned because of unresolved disputes between the centre and states over taxation powers, Finance Minister Arun Jaitley said today.
-
GST Reform PM Modi's Biggest Win Yet: Foreign Media
India's Upper house of parliament on Wednesday approved the creation of a national sales tax a decade after the move was first proposed, the biggest legislative victory for Prime Minister Narendra Modi since he took office in 2014.
