Introduction The Lok Sabha recently passed the Finance Bill 2025, a crucial legislative measure that determines the government’s taxation policies and financial regulations for the upcoming fiscal year. This bill plays a pivotal role in shaping the country’s economy, affecting taxpayers, businesses, and financial institutions alike. Major Taxation Changes Introduced The Finance Bill 2025 brings…
Centre Proposes Reducing States’ Share of Central Taxes from 41% to 40% by 2026: Impact & Analysis The Indian government is proposing to reduce the share of central tax revenues allocated to states from the current 41% to at least 40%, starting from the fiscal year 2026-27. This recommendation will be submitted to the Finance…
ax Regime Comparison – Old vs. New Tax Regime in Budget 2025 Introduction to Budget 2025 Tax Reforms In Budget 2025, Finance Minister Nirmala Sitharaman introduced significant changes to India’s tax system, focusing on the comparison between the old and new tax regimes. This year, the government has made considerable modifications aimed at simplifying taxation,…
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