Commerce Adviser Sk Bashir Uddin today defended the interim government's recent move to increase Value Added Tax (VAT) saying that indirect taxes are critically important for an unregulated market.

The recent decision to increase and impose additional value-added tax (VAT), customs and supplementary duties (SD) on as many as 100 consumer goods and services—that, too, in the middle of a ...

Furthermore, the Central Board of Indirect Taxes (CBIC) has been taking steps to digitise the compliance processes such as broad-basing e-invoicing and Invoice Management System (IMS) for credits ...

While the Government has previously launched similar schemes for erstwhile Indirect taxes (Sab ka Vishwas) and for GST (Section 128A scheme), an amnesty scheme for Customs was yet to be finalized and ...

Finance Minister Nirmala Sitharaman will present the Union Budget 2025 on February 1. This will be her eighth budget ...

Losses can also offset up to $3,000 of ordinary income annually. Unused losses carry forward indefinitely as per current tax rules. Beware of wash sale rules (as per the IRS cryptocurrencies are ...

The IRS will begin processing tax returns by around the end of January, but you can file even sooner to ensure your refund check is among the first to get processed by the Internal Revenue Service.

Some Americans could get a break on their state income taxes this year, with nine states kicking off 2025 with a reduction in their individual income tax rates, according to an analysis from the ...

Tax Reforms In India: Experts suggest that the government’s primary focus in 2025 will be simplifying direct and indirect tax policies, following the initiation of a review of the six-decade-old ...

Checking your tax code on your payslip could reveal if you’ve overpaid hundreds of pounds in tax and are eligible for a rebate. Tax codes, which determine how much is deducted from your pay ...