Direct taxes are imposed directly on individuals and entities according to their income or wealth whilst indirect tax is imposed on goods, services or transactions and eventually paid by consumers.

India's tax structure is becoming more progressive, with direct taxes accounting for 58.5% of total collections in FY25.

Taxation in India is the primary tool for the government to generate revenue, which is subsequently used for infrastructure development, social welfare, and national security. The system is a ...

https://www.thehindubusinessline.com/info-tech/ey-india-launches-ai-enabled-enterprise-tax-solutions/article70650320.ece Copy EY India has expanded its tax technology ...

Malaysia's planned carbon tax is moving from being just a plan to becoming an imminent reality for many industries.

Fourth quarter results reflect meaningful progress in transformation journey Ian Bickley appointed Chairman and Chief Executive OfficerChief Financial Officer Martin Layding appointed Chief Operating ...

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday hinted at a reduction in direct taxes across the board in the upcoming federal budget, stressing that sustainable economic growth cannot be ...

Examines how populist giveaways are funded through taxes and borrowing, potentially raising fiscal deficits and shifting burdens to ...

The government recorded a budget surplus of D1.68 billion dalasis at the end of the 2025 fiscal year after revenue collection exceeded the annual target, according to a statement presented to members ...

The discussion highlights that differential tax treatment must satisfy the reasonable classification test under Article 14 of the Constitution. Incentives lacking a rational connection to policy ...

The Finance Ministry has firmly denied that India follows a “multi-layered income-tax structure”, even as Parliament last week during the first leg of the Budget session witnessed detailed discussions ...