Full exemption for all health insurance premiums and reinsurance or a reduction in the GST rate from 18% to 5% on health insurance services is likely. Illustration: Uttam Ghosh/Rediff.com ......
Are we so ready to believe that in this country whose virtues we constantly shout from the rooftops, there is no single person -- other than Modi -- in a minimum of 272 elected MPs with the talent......
The Finance Ministry is unlikely to tinker with the 10 per cent Minimum Alternate Tax (MAT), the amount companies getting tax exemptions pay on their book profits, despite the industry chambers'......
With the Union Budget three months away, major industry chambers have submitted to the government proposals on common taxes, seeking simpler compliance and a quicker resolution of tax disputes.......
To reassure foreign investors on tax policies, top government functionaries on Wednesday held meetings with foreign institutional investors, but refused to relent on Rs 40,000 crore (Rs 400......
The contrast with the old Income-Tax Act is stark.The 1961 law ran into 512,000 words; the 2025 one pares that down to 259,000.Chapters have been cut from 47 to 23, while sections have reduced from......
While the new income tax law replaces the Income Tax Act, 1961 and omits 13 offences, 35 actions and omissions continue to attract criminal liability under 13 provisions. Photograph: Kind courtesy......