Reforms In Taxation

The Indian crypto circle has been waiting for FM Sitharaman to revise the tax laws imposed over the crypto sector. Despite the outcry, the finance minister did not announce any taxation relief for the crypto sector while presenting the interim annual budget earlier this year. Her re-appointment to the finance minister’s position has sparked conce...

India's G20 sherpa Amitabh Kant Friday said Americans do protectionism of the highest order and advocate laissez-faire for the developing countries as he dismissed US ambassador Eric Garcetti's suggestion of reforms in India's taxation system.

US Ambassador Eric Garcetti on Tuesday pitched for reform in India's taxation and export control for deeper bilateral economic engagement and said the "rhetoric" that everything has to be made in India could slow down the pace of the country's growth

Japan’s crypto exchanges are pushing for a relaxation of curbs on margin trading, unbowed by last year’s global digital-asset market crash. Many people in the industry want permitted leverage for retail investors of four to 10 times whereas currently, customers can at most double exposure via borrowing.

The recently introduced 1 percent TDS on virtual digital asset (VDA) transactions, as part of the Finance Bill 2022, has been described as highly detrimental to the industry. The tax provision is expected to discourage entrepreneurs and investors from developing the burgeoning industry while the government could lose out on an opportunity to earn t...

The government of Australia has begun thinking of ways to regulate the crypto sector. Along with bringing digital assets under the tax regime of the nation, Australia is also aiming to ensure investor protection. Foreign crypto exchanges operating in the country may also have to agree to store Australian data inside the country itself.

The GST Council has not recommended bringing petroleum products under the reformed taxation regime even as certain representations have been made to the government to include petrol and diesel in GST, Parliament was informed on Tuesday.

India is on the verge of finalising the specifications of the two-pillar taxation proposal at the G-20 forum, said Nirmala Sitharaman

Prime Minister Narendra Modi announced key tax reforms amid the coronavirus pandemic. The new platform "Transparent Taxation - Honouring the Honest" carries forward the journey of direct tax reforms in India, such as "faceless appeals" where taxpayers don't have to visit offices to rectify errors. Finance Minister Nirmala Sitharaman, who also atten...

Prime Minister Narendra Modi today launched a new platform to ease the compliance burden for assessees and reward the "honest taxpayer". "The country's honest taxpayer plays a big role in nation-building... A faceless tax system will give the taxpayer confidence on fairness and fearlessness," the Prime Minister said in a video address after rolling...

In the pre-Budget consultation meeting with Union Finance Minister Nirmala Sitharaman, the Confederation of Indian Industry (CII) suggested 10 reform ideas to boost economic growth. According to a government data, country's GDP or gross domestic product grew 5.8 per cent in the January-March period. With that, India lost its position as the fastest...

The first year of GST has been an example to the world of the readiness of the Indian taxpayer to be a partner in this unprecedented reform of Indian taxation, the Ministry of Finance said.

The research team estimated that adding 10 percent to the price of chocolate, confectionery, cakes, and biscuits may reduce purchases by around 7 percent.

The police in Uttar Pradesh arrested 10 men on Sunday who they said are members of a gang that was involved in counterfeiting Aadhaar cards, hailed for their bulletproof biometric features at the centre of the government's push for reforms in welfare, taxation and communications.

The Goods and Services Tax was not an "easy reform to implement" but it has evoked "great" public support with the government deciding not to blink in the face of opposition to the new taxation measure, Union Finance Minister Arun Jaitley said on Sunday.

The Indian crypto circle has been waiting for FM Sitharaman to revise the tax laws imposed over the crypto sector. Despite the outcry, the finance minister did not announce any taxation relief for the crypto sector while presenting the interim annual budget earlier this year. Her re-appointment to the finance minister’s position has sparked conce...

India's G20 sherpa Amitabh Kant Friday said Americans do protectionism of the highest order and advocate laissez-faire for the developing countries as he dismissed US ambassador Eric Garcetti's suggestion of reforms in India's taxation system.

US Ambassador Eric Garcetti on Tuesday pitched for reform in India's taxation and export control for deeper bilateral economic engagement and said the "rhetoric" that everything has to be made in India could slow down the pace of the country's growth

Japan’s crypto exchanges are pushing for a relaxation of curbs on margin trading, unbowed by last year’s global digital-asset market crash. Many people in the industry want permitted leverage for retail investors of four to 10 times whereas currently, customers can at most double exposure via borrowing.

The recently introduced 1 percent TDS on virtual digital asset (VDA) transactions, as part of the Finance Bill 2022, has been described as highly detrimental to the industry. The tax provision is expected to discourage entrepreneurs and investors from developing the burgeoning industry while the government could lose out on an opportunity to earn t...

The government of Australia has begun thinking of ways to regulate the crypto sector. Along with bringing digital assets under the tax regime of the nation, Australia is also aiming to ensure investor protection. Foreign crypto exchanges operating in the country may also have to agree to store Australian data inside the country itself.

The GST Council has not recommended bringing petroleum products under the reformed taxation regime even as certain representations have been made to the government to include petrol and diesel in GST, Parliament was informed on Tuesday.

India is on the verge of finalising the specifications of the two-pillar taxation proposal at the G-20 forum, said Nirmala Sitharaman

Prime Minister Narendra Modi announced key tax reforms amid the coronavirus pandemic. The new platform "Transparent Taxation - Honouring the Honest" carries forward the journey of direct tax reforms in India, such as "faceless appeals" where taxpayers don't have to visit offices to rectify errors. Finance Minister Nirmala Sitharaman, who also atten...

Prime Minister Narendra Modi today launched a new platform to ease the compliance burden for assessees and reward the "honest taxpayer". "The country's honest taxpayer plays a big role in nation-building... A faceless tax system will give the taxpayer confidence on fairness and fearlessness," the Prime Minister said in a video address after rolling...

In the pre-Budget consultation meeting with Union Finance Minister Nirmala Sitharaman, the Confederation of Indian Industry (CII) suggested 10 reform ideas to boost economic growth. According to a government data, country's GDP or gross domestic product grew 5.8 per cent in the January-March period. With that, India lost its position as the fastest...

The first year of GST has been an example to the world of the readiness of the Indian taxpayer to be a partner in this unprecedented reform of Indian taxation, the Ministry of Finance said.

The research team estimated that adding 10 percent to the price of chocolate, confectionery, cakes, and biscuits may reduce purchases by around 7 percent.

The police in Uttar Pradesh arrested 10 men on Sunday who they said are members of a gang that was involved in counterfeiting Aadhaar cards, hailed for their bulletproof biometric features at the centre of the government's push for reforms in welfare, taxation and communications.

The Goods and Services Tax was not an "easy reform to implement" but it has evoked "great" public support with the government deciding not to blink in the face of opposition to the new taxation measure, Union Finance Minister Arun Jaitley said on Sunday.