Windfall Tax in India: Article, Story & Mindmap
In recent developments, the Indian government has abolished the windfall tax on domestically produced crude oil, effective September 18, 2024. Initial…
Taxation
54th GST Council Meeting
Summary: The 54th GST Council meeting, led by Finance Minister Nirmala Sitharaman, focused on revising GST rates for essential goods and services, such as cancer…
LTCG Tax
The long-term capital gains (LTCG) tax system in India underwent significant changes in the Union Budget 2024-2025, notably eliminating the indexation advantage. Indexation adjusts an…
Angel Tax
Summary: The Department for Promotion of Industry and Internal Trade (DPIIT) has proposed eliminating the “angel tax” to facilitate funding for startups and make them…
Laffer Curve: How This Simple Economic Theory Could Transform Tax Policies
The Laffer Curve, a concept popularized by economist Arthur Laffer, illustrates the relationship between tax rates and government revenue, suggesting …
CBIC Draft Bill
The CBIC has released a draft bill to amend the Central Excise Act, aiming to update the 80-year-old law. The new bill focuses on simplifying…
New AIS Feature Enhances Income Tax Confirmation Process
The new AIS feature introduced by India’s Income Tax Department allows taxpayers to view the confirmation status of their financial data. This feature aims to…
Inheritance Tax in India: A Nightmare for the Wealthy or a Dream for Equality?
Inheritance tax, often termed "estate duty" or "death tax," has resurfaced in Indian political discourse following comments by Sam Pitroda, chairman o…
Advance Pricing Agreements (APAs)
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