Category : Search result: business taxation


India's Crypto Tax Needs Reform: Lower TDS, Allow Loss Set-Offs

India's 2022 crypto tax framework, with 30% income tax and 1% TDS, has driven trading offshore. Experts urge reforms in the upcoming Budget: reduce TDS to 0.01% and allow loss set-offs to bring activity back to regulated Indian platforms.

New Income Tax Act 2025: Key Changes for Taxpayers

India's Income Tax Act of 1961 will be replaced by the Income Tax Act, 2025 from April 1, 2026. Learn about the simplified rules, digital processes, and how to prepare for the transition.

India's TDS System Needs Major Overhaul

India's TDS framework has become overly complex, causing cash-flow issues and litigation. Experts propose using GST data to simplify withholding taxes and reduce compliance burdens.

145+ Nations Agree on Updated Global Minimum Tax Deal

More than 145 countries have solidified a revised global minimum tax agreement, incorporating US concerns. This landmark deal aims to curb corporate tax avoidance worldwide. Read the full details here.

NRI Tax on Foreign Income: Key Rules Explained

An OCI cardholder consultant working from India asks if foreign client fees are taxable. Expert explains residential status, FEMA rules, and disclosure requirements. Read more.

Punjab Tax Dues Scheme Deadline Extended to March 31

Punjab government extends deadline for its 'Settlement of Arrears of Tax Dues Scheme' to March 31, 2025. Traders get more time to clear pending dues with significant concessions. Act now to benefit!

NRI Tax Guide for Joint Accounts & Property Sale

NRIs, learn the tax implications of being a joint holder on parents' Indian bank accounts and the online procedure to apply for a nil TDS certificate when selling property in India. Expert advice inside.

7 Essential Steps to Launch Your Business in India

Feeling unsure about starting a business? This detailed guide outlines 7 crucial steps, from idea validation to legal registration, to launch your venture successfully in India. Start your entrepreneurial journey today!

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