Income tax bill, 2025 aims to replace Income Tax Act, 1961, simplifying tax laws. Questions arise about its impact on revenue, litigation and tax administration.
India’s Income Tax Department shifts to a taxpayer-friendly approach, prioritizing silent recoveries, refund adjustments, and reduced coercion for pending tax demands.
Explore the implications of Budget 2025 on India’s economy, addressing challenges like inflation, unemployment, and recessionary trends amid global and domestic changes.
Direct taxation in India is plagued by mishandling, ignorance, and reliance on settlement schemes, risking the financial stability of small businesses and clients.
Explore the factors impacting India’s economic trajectory, including governance, FDI shifts, unemployment, inflation, and the challenges of sustainable growth.
Discover the role of research in direct taxation laws, governance, and economic stability, addressing national challenges and balancing revenue with judicial insights.
Western economies, led by the USA, face a crisis marked by high debt, stagnating GDP, and inflation, shifting financial power to the East due to trade imbalances.
India explores simplifying direct tax laws via a new code or amendments. Challenges include black money, inflation, manpower gaps, and attracting FDI.
Explore how the Income Tax Act continues to grow more complex despite repeated assurances of simplification. Discover why new reforms and codes add to the complexity of direct tax laws.
Explore the practical problems faced in the implementation of hybrid hearings in upper judiciary, hindering the seamless dispensation of justice. Insights from a seasoned practitioner shed light on the issue.
