India's tax structure is becoming more progressive, with direct taxes accounting for 58.5% of total collections in FY25.

India's tax structure is becoming more progressive, with direct taxes accounting for 58.5% of total collections in FY25.

Direct taxes are imposed directly on individuals and entities according to their income or wealth whilst indirect tax is imposed on goods, services or transactions and eventually paid by consumers.

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday hinted at a reduction in direct taxes across the board in ...

Prolonged posting delays at CBIC leave promoted IRS officers without assignments, while senior officials handle multiple GST and customs roles, raising morale and governance concerns.

India’s cigarette industry is bracing for renewed disruption after February’s indirect tax reset, with Sanjiv Puri cautioning ...

Vertex, Inc. (NASDAQ: VERX), a global provider of tax technology solutions, today announced that Chris Young, President and ...

Brazil’s tax reform unifies consumption taxes to simplify rules, centralise administration and reduce legal uncertainty ...

A key driver behind the anticipated strength, the Union Bank of India report noted, is demand stimulated by the goods and ...

While it is not discussed as widely as income tax, professional tax is crucial for individuals earning incomes from their ...

My entire team and I are united on this that we must reduce taxes immediately,” he says; slams sugar, cement, tobacco ...

The High Court entertained a writ challenging Section 168A notifications, holding that absence of force majeure and alleged breach of natural justice raised a strong arguable case. Recovery was ...