New FEMA rules allow settlement of foreign exchange violations with penalties up to ₹5 crore. Pending cases will follow earlier regulations. Details inside.
Tobacco tax revenue contributed 1.27%-2.75% of Gross Tax Revenue from 2016-2024. Funds are allocated across government programs, including healthcare.
India’s tax arrears stand at ₹47 lakh crore as of Dec 2024. CBDT & CBIC are taking steps, including asset identification, litigation management, and recovery actions.
India decriminalizes minor direct tax offenses to ease compliance. New measures include litigation management, compounding guidelines, and dispute resolution.
Analysis of tax exemptions for individuals vs corporations, middle-class benefits, and the impact of measures under the new tax regime in Budget 2025-26.
Analysis of tax collection and economic growth post corporate tax cuts. Includes year-wise revenue, benefits for industries, and incentives for global corporations.
Reduction in NSS interest rates raises concerns for retirees’ stability. Govt cites alternative schemes with higher returns and steps in Budget 2025-26 to safeguard investors.
Rupee hit ₹86.70/USD in January 2025, its lowest level. Factors include global economic trends, US elections, and forex reserve depletion of $70 billion by December 2024.
The government provides tax benefits to individuals and corporations. Recent budgets increased exemptions for middle-class taxpayers while monitoring tax incentives.
The GST Council deferred a decision on reducing GST on health and life insurance premiums in its 55th meeting as GoM sought more time for recommendations.
