Tag: tax
India’s economic landscape is currently under intense scrutiny from both domestic and international observers. The nation’s impressive growth is supported by macroeconomic stability, consistent policies, and transformative structural reforms. As India is poised to become a significant contributor to global GDP growth in the coming years, the Economic Survey...
In a global economy where multinational corporations often navigate tax jurisdictions to minimize their tax liabilities, the concept of a global minimum tax has gained significant traction. The idea is simple yet profound: establish a minimum level of taxation that countries agree corporations should pay, regardless of where they...
In a significant call to action, experts from various sectors have highlighted the urgent need for governmental intervention to resolve tax disputes and unlock an estimated 12.2 trillion units of currency currently entangled in legal and administrative battles. This staggering amount represents a substantial portion of the economy that...
As the deadline for filing income tax returns approaches, various aspects of tax law that require reform come under scrutiny. One such aspect is the provision of tax collected at source (TCS). Originally designed to mandate sellers to collect TCS on behalf of buyers and deposit it with the...
As India approaches the final budget of the year, speculation mounts regarding potential tax reforms aimed at relieving taxpayers and boosting consumption. Among the areas ripe for reform is India's capital gains tax regime, which, despite previous adjustments, remains criticized for its complexity and perceived inequities. Notably, tax rates...
