Tax Overhaul
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Major Income Tax Changes From April 1: HRA, ITR, Meal Cards, Form 130 Explained
India's tax framework is set for a major overhaul, with the decades-old Income Tax Act, 1961, being replaced by the new Income Tax Act, 2025.
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ITR Filing To Undergo Major Overhaul: Form 16 Set To Be Replaced, Here's What Comes Next
India's new Income-tax Rules, 2026 will introduce Form 130 in place of Form 16, redesign ITR forms, and make tax filing more automated and data-driven from April 1, 2026.
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Budget 2026 Proposes To Rationalise Prosecution Framework In Income Tax Act
At the centre of the overhaul is a onetime, sixmonth foreign asset disclosure window targeted at small taxpayers, including students, NRIs and young professionals who may have inadvertently missed reporting overseas holdings.
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Why Is China Taxing Condoms, Birth Control Pills Now? Policy Shift Explained
China has begun imposing a 13 percentsales tax on contraceptives such as condoms, birth control pills, and devices from January 1, 2026, while exempting childcare services from value-added tax (VAT).
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India Revamps Tax Regime In 2025, New Act Comes Into Effect From April 1
India overhauled its tax regime in 2025 with sharp cuts in Goods and Services Tax (GST) rates and a higher income tax exemption limit, with the spotlight now turning to customs duty rationalisation and procedural simplification in the coming Budget.
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GST 2.0 Tax Cuts Kick In, What You Need To Know: 10 Points
The Government's second major overhaul of the Goods and Services Tax (GST), referred to as "GST 2.0", comes into effect today, with a wide range of rate cuts.
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From Ice Cream To Air-Conditioners: What Gets Cheaper In GST 2.0
The Goods and Services Tax (GST) system is undergoing a significant overhaul, with the new structure set to take effect on September 22.
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"GST Simplification Is Major Step Forward": Amitabh Kant On Tax Overhaul
Rationalisation of GST slabs will lead to increased demand that will, in turn, push for greater investment as manufacturers ramp up production to meet that uptick, Amitabh Kant, the former CEO of government think-tank NITI Aayog, said.
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Tax Cuts, Sales Boost: Everything You Need To Know About New GST Rates
Finance Minister Nirmala Sitharaman unveiled tax cuts for hundreds of consumer items, from soap to cars, in the biggest overhaul of the goods and services tax (GST), set to take effect from September 22.
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Will Flights And Hotels Get Cheaper Now? How Revised GST Rates Impact Travel
The Goods and Services Tax (GST) Council approved a significant overhaul of tax rates on hotel stays and air travel during its 56th meeting on September 3, 2025
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Major Income Tax Changes From April 1: HRA, ITR, Meal Cards, Form 130 Explained
India's tax framework is set for a major overhaul, with the decades-old Income Tax Act, 1961, being replaced by the new Income Tax Act, 2025.
-
ITR Filing To Undergo Major Overhaul: Form 16 Set To Be Replaced, Here's What Comes Next
India's new Income-tax Rules, 2026 will introduce Form 130 in place of Form 16, redesign ITR forms, and make tax filing more automated and data-driven from April 1, 2026.
-
Budget 2026 Proposes To Rationalise Prosecution Framework In Income Tax Act
At the centre of the overhaul is a onetime, sixmonth foreign asset disclosure window targeted at small taxpayers, including students, NRIs and young professionals who may have inadvertently missed reporting overseas holdings.
-
Why Is China Taxing Condoms, Birth Control Pills Now? Policy Shift Explained
China has begun imposing a 13 percentsales tax on contraceptives such as condoms, birth control pills, and devices from January 1, 2026, while exempting childcare services from value-added tax (VAT).
-
India Revamps Tax Regime In 2025, New Act Comes Into Effect From April 1
India overhauled its tax regime in 2025 with sharp cuts in Goods and Services Tax (GST) rates and a higher income tax exemption limit, with the spotlight now turning to customs duty rationalisation and procedural simplification in the coming Budget.
-
GST 2.0 Tax Cuts Kick In, What You Need To Know: 10 Points
The Government's second major overhaul of the Goods and Services Tax (GST), referred to as "GST 2.0", comes into effect today, with a wide range of rate cuts.
-
From Ice Cream To Air-Conditioners: What Gets Cheaper In GST 2.0
The Goods and Services Tax (GST) system is undergoing a significant overhaul, with the new structure set to take effect on September 22.
-
"GST Simplification Is Major Step Forward": Amitabh Kant On Tax Overhaul
Rationalisation of GST slabs will lead to increased demand that will, in turn, push for greater investment as manufacturers ramp up production to meet that uptick, Amitabh Kant, the former CEO of government think-tank NITI Aayog, said.
-
Tax Cuts, Sales Boost: Everything You Need To Know About New GST Rates
Finance Minister Nirmala Sitharaman unveiled tax cuts for hundreds of consumer items, from soap to cars, in the biggest overhaul of the goods and services tax (GST), set to take effect from September 22.
-
Will Flights And Hotels Get Cheaper Now? How Revised GST Rates Impact Travel
The Goods and Services Tax (GST) Council approved a significant overhaul of tax rates on hotel stays and air travel during its 56th meeting on September 3, 2025
