Now banks and financial institutions will collect and report more detailed information from you under amended Income Tax Rules, 1962; Know how it impacts you ...

The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption.

A 120-plus-day delay to refunds would cost taxpayers almost $3bn in additional interest, the Cato Institute warned; plus ...

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 ...

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.

Explains how GST replaced multiple taxable events with the single concept of “supply,” defining tax liability, timing, and jurisdiction under India’s unified indirect tax ...

Taxation is the backbone of any modern economy and a primary source of revenue for the State. In India, the tax system is broadly classified into Direct Taxes and Indirect Taxes, each serving distinct ...

With the global economic conditions being volatile and fragmented, there were high expectations by the taxpayers from the Union Budget 2026 to navigate through the path of uncertainties, and continue ...

The failure to fully operationalise a permanent National Appellate Authority for GST remains a missed opportunity to provide long-term stability. The Finance Bill, 2026 introduces structural changes ...

Union Budget 2026–27 documents show that for every ₹1 of government revenue, 64 paise is expected from direct and indirect taxes, 24 paise from borrowings and other liabilities, 10 paise from non-tax ...

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Union Budget 2026: Union Finance Minister Nirmala Sitharaman with Union Minister of State for Finance Pankaj Chaudhary and other officials outside the Finance Ministry prior to the presentation of the ...