As regards personal income tax (PIT), 8.1 crore income tax returns (ITRs) were filed in FY24, a mere 6% of our total ...

This is different to direct taxes which you pay based on your income and, potentially, your wealth, such as income tax, capital gains tax and inheritance tax. Indirect taxes typically fall into ...

This is different to direct taxes which you pay based on your income and, potentially, your wealth, such as income tax, capital gains tax and inheritance tax. Types of indirect tax Indirect taxes ...

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 ...

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

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

India’s total tax arrears amount to ₹42.64 lakh crore, with ₹41.63 lakh crore in direct tax arrears and ₹1.01 lakh crore in indirect tax arrears. To recover these dues, the Central Board of Direct ...

The new direct tax code or the new income tax bill announced by Finance Minister Nirmala Sitharaman in the Union Budget, is ...

Broadly, there are two categories of taxes: direct and indirect. Direct taxes are progressive levies, including income tax, wealth tax, and capital gains tax, wherein individuals with greater income ...

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 paise will come from ...

The Union Budget, which focused on economic expansion, infrastructure development, MSMEs, futuristic cities, and middle-class ...

Union Budget 2025-26: Finance Minister Nirmala Sitharaman announced a range of taxation changes, including for both direct and indirect tax. As part of the indirect taxes, FM Sitharaman announced ...