tax reform

Time limit for reopening of I-T assessment halved to 3 yrs, serious fraud cases retained at 10 yrs

In her Budget speech for 2021-22, Sitharaman also announced that senior citizens above 75 years of age having only pension and interest income would not be required to file income tax returns.

published on : 1st February 2021

Wealthy financiers could gain from Trump's proposed tax cut for small businesses

Trump called for a new "pass-through" tax rate of 25 percent that could mean big savings for owners of sole proprietorships and partnerships.

published on : 28th September 2017

Trump proposes US tax overhaul, stirs concerns on deficit

The tax plan faces an uphill battle in the US Congress with Trump's own Republican Party divided over it and Democrats hostile.

published on : 28th September 2017

PM Modi set to launch India's biggest tax reform on Friday midnight amid protests

The GST will replace about 20 central and state taxes such as factory-gate duties, service and local taxes while unifying $2 trillion economy and 1.3 billion people into a single market.

published on : 30th June 2017

Ready or not, Indian businesses brace for biggest-ever tax reform

By tearing down barriers between India's 29 states, the GST should deliver efficiency gains to larger businesses. HSBC estimates the reform could add 0.4 percent to economic growth.

published on : 28th June 2017

E-way bills defeat the GST spirit: Courier companies

Express logistics players says that the extra aperwork and processes is contrary to the spirit of the tax reform and threatens the industry's survival.

published on : 21st June 2017