Taxes 2025

• 

  PM Modi's Tax Overhaul Cuts Levies On Shampoos, Hybrid Cars, And TVs

  India plans to cut consumption tax by at least 10 percentage points on nearly 175 products ranging from shampoos and hybrid cars to consumer electronics, said two sources, revealing new details of Prime Minister Narendra Modi's major tax overhaul.

• 

  From Income Tax Return Deadline To Silver Hallmarking: 5 Big Changes In September

  The month of September will see several changes, some of them coming into effect on the first day, that will impact the lives of many people.

• 

  Opposition States Seek Compensation For Revenue Loss Due To GST Reform Proposal

  Opposition-ruled states on Friday said the Centre's proposal for GST rate reforms could result in a revenue loss of about Rs 1.5 crore to Rs 2 lakh crore and demanded compensation for the losses incurred by them.

• 

  What Is A Digital Services Tax That Can Increase Trump Tariffs

  A Digital Services Tax (DST) is a levy on the revenue that large digital companies earn from users in a country, even if the company has no physical office there.

• 

  Zero Toll Tax For Electric Vehicles On Atal Setu, Maharashtra Extends Exemption

  From August 22, 2025, electric cars in Mumbai will enjoy toll-free passage on Atal Setu, as Maharashtra expands EV incentives under its 2025 policy.

• 

  Air India, Air India Express Post Rs 9,568-Crore Loss Before Tax In Financial Year 2025

  Air India and Air India Express together posted a loss before tax of Rs 9,568.4 crore in the financial year ended March 2025, according to the civil aviation ministry.

• 

  19 Bills, Including New Income Tax Act, Passed Without Protesting Opposition

  Nineteen bills - including two critical proposals, one to overhaul the Income Tax Act of 1961 and another to amend the Constitution to sack ministers facing criminal charges - were passed sans discussion or debate with the opposition.

• 

  Lalit Modi Reveals He Cheated To Pass SAT And Study In US: "I Got 1560 On 1600"

  Lalit Modi, IPL's first chairman, left India in 2010 amid investigations into tax evasion and money-laundering

• 

  ITR 2025: Unemployed Or A Student? Here's Why You Should Still File Income Tax Return

  Filing ITR is beneficial for students and unemployed individuals, providing proof of income, claiming tax refunds, facilitating large transactions, carrying forward losses, building financial credibility, and easing loan approvals and visa processing

• 

  Bill To Ban Online Games Played With Money Passed In Lok Sabha

  The Lok Sabha on Wednesday passed a legislation to ban online games played with money as it looks to check rising instances of addiction, money laundering and financial fraud through such applications.

• 

  GST Reforms 2025: What A Tax Cut On Vehicles Means For India's Auto Industry

  The Indian automotive industry could soon witness a GST cut on cars, and here's what the cut holds for the buyers and manufacturers.

• 

  Cars, Mobile Phones, Computers. What May Get Cheaper In New GST System

  An overhaul of the Goods and Services Tax, or GST, framework - hailed as "next-generation" by PM Modi in his Independence Day speech ast week - is expected to slash prices of daily-use items by rationalising number of tax slabs.

• 

  GST Reform To Rozgar Yojana: PM Modi's Big Independence Day Announcements

  n his speech, the Prime Minister presented India's roadmap for self-reliance by 2047 and announced several schemes to empower youths, women and business.

• 

  Income Tax (No 2) Bill Clears Lok Sabha. What Is In 'S.I.M.P.L.E' New Law?

  The Income Tax (No 2) Bill cleared the Lok Sabha sans debate Monday but to the cacophony of opposition MPs protesting the voter list revision in Bihar.

• 

  Parliament Monsoon Session Day 16 Highlights: Proceedings Of Lok Sabha Adjourned, Rajya Sabha Resumes

  The proceedings of Lok Sabha has been adjourned till 4:00 pm. Meanwhile, the proceedings of Rajya Sabha has resumed.