Nirmala Sitharaman says the spirit should be both of the Center and the states working to address tax evasion and improving compliance.
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Finance minister Nirmala Sitharaman announced amendments to the Long-Term Capital Gains tax on real estate, offering taxpayers the option to calculate tax liability using either the old system or reduced rates without indexation. The new rate is 12.5 percent, down from 20 percent. A key amendment in the Bill addresses the restoration of indexation benefit for properties purchased before July 23, 2024.
Nirmala Sitharaman says the spirit should be both of the Center and the states working to address tax evasion and improving compliance.
Nirmala Sitharaman says the spirit should be both of the Center and the states working to address tax evasion and improving compliance.
Finance Minister Nirmala Sitharaman denied any rift between the Centre and states on tax matters, emphasizing their shared goal of good revenue...
Finance Minister Nirmala Sitharaman stated that the GST Council plans to address rate rationalisation, with states cautious about revenue concerns....
There is no compulsion for states to adopt it and there will be no change in tax treatment under the UPS, Nirmala Sitharaman said
According to industry sources, the GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, is also likely to discuss the...
In this interview for The Misesian, we ask economist (and Argentina native) Nicolás Cachanosky about the prospects for a lasting change to...
Both life insurance and medical insurance premiums attract a GST rate of 18 per cent. Recently, many leaders from opposition-ruled states have...
Both life insurance and medical insurance premiums attract a GST rate of 18 per cent. Recently, many leaders from opposition-ruled states have...
The state footed a big bill for the owner of a hunting retreat to knock down trees on his and nearby properties. He made big environmental promises,...