taxation

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    New Income Tax Act Aims for Clarity and Ease

    New Delhi, March 20 Finance Minister Nirmala Sitharaman on Friday urged income tax officers to make the process easier for taxpayers and use technology to catch those deliberately evading taxes.Addressing the 'PRARAMBH 2026: Nationwide Awareness Campaign on the Income Tax Act, 2025', the...
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    Bill Targets Crimes Based on Tradition in Karnataka

    Bengaluru, March 18 A bill aimed at preventing crimes committed in the name of "honor" and tradition, and to penalize any conduct that interferes with individual freedom of choice in marriage, was tabled in the Karnataka Legislative Assembly on Wednesday.The Karnataka Freedom of Choice in...
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    Tripura Debt Concerns Rise as Congress Criticizes Budget

    Agartala, March 17 The Tripura Pradesh Congress Committee (TPCC) president, Asish Kumar Saha, alleged on Tuesday that the BJP government has been pushing the northeastern state towards a "mountain of debt.""The state government's budget, presented in the Tripura Assembly on Monday, was the...
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    Tax Reform, Disability Pensions, and Bank Fees: Chadha's Proposed Changes

    New Delhi, March 16 – Raghav Chadha, a Rajya Sabha member of the Aam Aadmi Party (AAP), on Monday raised what he described as three "everyday anxieties" faced by ordinary Indians, urging the government to introduce constructive reforms.His proposals included the option for couples to file...
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    Revenue Service Officers Support India’s Economic Progress

    Vice President C.P. Radhakrishnan described revenue service officers as the guardians of the nation's financial strength, emphasizing that development activities across the country are only possible due to the revenue generated through taxes. He made this statement to the trainee officers of the...
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    Rajasthan Veterans Fear Impact of Taxing War Injury Pensions

    Jaipur, March 12 The disabled war veterans of the Indian armed forces in Rajasthan have urged the Centre to reconsider its decision to withdraw income tax exemption on pensions they receive for injuries sustained during wars, saying the move is "deeply painful" for soldiers.Colonel A K Mathur...
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    Bengaluru BJP Accuses Congress of 'Property Tax Terrorism'

    Bengaluru, March 10 The opposition BJP on Tuesday accused the Congress government in Karnataka of "property tax terrorism" against the people of Bengaluru, with 24,874 properties in the city being issued show-cause notices based on an ongoing drone survey.Responding to the issue raised by...
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    New Committee to Study SEZ Effectiveness and Harmonize Export Schemes

    New Delhi, March 8 The government has set up a 17-member committee to suggest larger reforms in the policy for special economic zones (SEZs), an official said.It will submit a concept paper or roadmap or suggestions or amendments within six months along with its recommendations for broad-based...
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    SEZ Policy Reforms: Government Forms 17-Member Committee

    New Delhi, March 8 The government has set up a 17-member committee to suggest broader reforms in the policy for special economic zones (SEZs), an official said.It will submit a concept paper recommending a roadmap for comprehensive reforms to formulate a SEZ 2.0 policy.It will undertake a...
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    SP Leader Criticizes Government on Inflation, Law & Order

    Lucknow, March 7 – Samajwadi Party president Akhilesh Yadav launched a scathing attack on the BJP governments at the Centre and in Uttar Pradesh on Saturday, alleging that rising inflation and heavy taxation are placing an increasing burden on ordinary people.Addressing a press conference...
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    IMF Endorses Pakistan's Spending Despite Rising Poverty

    New Delhi, March 6 – The mismanagement of Pakistan as a political entity by its ruling elite has led the country to periodic crises, which have been both political and economic in nature. This economic turmoil has necessitated 25 IMF programs, each of which has exacerbated Pakistan's structural...
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    Budget Session Begins: Key Issues and Opposition Concerns in Karnataka

    Bengaluru, March 5 The Budget Session of the Karnataka Legislature will begin here on Friday, with Chief Minister Siddaramaiah presenting the Budget for 2026-27, his 17th as the state's finance minister.This is another achievement for Siddaramaiah, who recently surpassed D Devaraj Urs's record...
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    Opposition Criticizes Karnataka Budget Focus on Guarantees and Borrowing

    Bengaluru, March 5 Leader of the Opposition in the Karnataka Assembly, R Ashoka, on Thursday criticized Chief Minister Siddaramaiah ahead of the state budget presentation, claiming that the government is expected to borrow ₹1.15 lakh crore and is likely to impose new taxes on the people.He...
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    Housing Societies Get Relief: State Government Action

    Mumbai, March 4 The Maharashtra government has decided to scrap the non-agricultural (NA) tax levied on housing societies in urban areas and waive all pending dues, Revenue Minister Chandrashekhar Bawankule announced in the state assembly on Wednesday.He said the new system will reduce the...
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    Business Chambers Urge Tax Reform in Pakistan

    New Delhi, March 3 – Pakistan’s high tax regime is stifling the formal economy, particularly industrial businesses, yet there seems to be no realization within the Federal Board of Revenue (FBR), which continues to extract heavily from the top 1 per cent of the population, according to an...
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    GST Collection Growth: Haryana Sees 22% Increase in FY 2025-26

    Chandigarh, March 1 Haryana Excise and Taxation Commissioner Vinay Pratap Singh said on Sunday that the state's gross SGST collection continues to grow at a record 22 per cent in 2025-26 compared to the previous fiscal, according to the latest data released by the Union Finance Ministry.He...
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    Governor Emphasizes Inclusive Development Through Tax Reforms

    Shimla, February 27 Tax policy plays a crucial role in mobilizing national resources for development, welfare, and infrastructure creation. An effective tax system forms the foundation of economic justice, social inclusion, and good governance, said Governor Shiv Pratap Shukla on Friday...
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    Revenue Sharing Debate: States Could Keep Tax Revenue from Diversified Farms

    Hyderabad, February 26 Economist Montek Singh Ahluwalia has opined that state governments can tax large agricultural farms that are diversifying and generating high income levels, to strengthen their finances.Speaking at a conference on the 16th Finance Commission report on Wednesday, the...
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    Palaniswami Says AIADMK's Relief Promise Expected to Win Over Voters

    Chennai, February 26 The AIADMK's promise of providing Rs 10,000 in relief to families affected by economic hardship caused by the DMK regime will be more popular with the people than the Rs 5,000 offered by Chief Minister M K Stalin, who is reportedly worried about losing the upcoming...
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    Bank Borrowing Drops Sharply in Pakistan Amid Uncertainty

    New Delhi, February 25 – There has been a significant decline in private investment in Pakistan’s economy, despite a reduction in interest rates. This is because businesses are facing an uncertain economic environment due to high energy costs, regulatory unpredictability, and high taxes...
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