Unlike direct taxes, which are levied based on a taxpayer’s ability to pay, indirect taxes apply uniformly, regardless of an individual’s financial situation. As a result, lower-income ...

Broadly, there are two categories of taxes: direct and indirect. Direct taxes are progressive levies, including income tax, ...

This Bill is a much-awaited comprehensive overhaul of a gargantuan piece of complex legislation which should be ...

The Union Budget 2025-26 introduces several amendments to indirect taxes, covering GST and customs. In GST, changes include allowing Input Service Distributors to distribute input tax credit for inter ...

Finance Minister Nirmala Sitharaman to introduce new income tax bill, detailing tax reforms and commitment to taxpayers in ...

The lesson of history is that the aggregate demand plays an important role in sustaining the level of economic activity.

New Delhi, Feb 1 (PTI) For every rupee in the government coffer, the biggest pie of 66 paise will come from direct and indirect taxes, according to the Union Budget 2025-26 documents. Around 24 ...

Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as ...