As regards personal income tax (PIT), 8.1 crore income tax returns (ITRs) were filed in FY24, a mere 6% of our total ...

Unlike direct taxes, which are levied based on a taxpayer’s ability to pay, indirect taxes apply uniformly, regardless of an individual’s financial situation. As a result, lower-income ...

This Bill is a much-awaited comprehensive overhaul of a gargantuan piece of complex legislation which should be ...

The new direct tax code or the new income tax bill announced by Finance Minister Nirmala Sitharaman in the Union Budget, is ...

Matthew Sharp joined Brown Rudnick as a partner in its litigation and dispute resolution practice in London, the firm ...

The fiscal consolidation continues. In 1HFY25, the government posted the lowest fiscal deficit as a percentage ...

The lesson of history is that the aggregate demand plays an important role in sustaining the level of economic activity.

New Income Tax Bill 2025 Highlights: Union Finance Minister Nirmala Sitharaman presented the new Income-Tax Bill 2025 in Lok ...

Manama, Bahrain – EY has hosted its Bahrain Annual Tax Seminar 2025 in Manama with the aim of guiding businesses in ...

Hence, the longer the recession, the larger will be the budget deficit. The composition of direct and indirect taxes in total tax revenue is 37% and 63%, respectively. The withholding component ...

The Chancellor's policies have meant councils are faced with increased costs that are reportedly being passed onto locals ...

On January 7, 2025, the US Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) issued final regulations (the ...