New Income Tax Act, 2025: India Prepares for a Simplified and Modern Tax Era Big changes are coming to India’s tax system. The Central Board of Direct Taxes (CBDT) is getting ready to launch the New Income Tax Act, 2025, which kicks in on April 1, 2026. The government wants to make taxes simpler, cut…
Assocham Suggests Tax Simplification and Rationalisation to Boost India’s Growth ASSOCHAM has recently called on the government to make India’s tax system simpler and more straightforward. They say a clear and predictable tax structure gives investors more confidence, makes life easier for businesses, and helps companies grow—no matter the industry. Here’s why it matters: complicated…
India Faces a Tricky Fiscal Balancing Act: Slower Tax Growth Clouds FY26 Deficit Goals The government wants to shrink the fiscal deficit to 4.5% of GDP by FY26, but now that goal looks a lot harder. Tax revenue isn’t growing like it used to, and spending demands keep piling up. It’s a classic balancing act:…
State of the Economy and Economic Sentiment | Number Theory India’s economy sits at a pretty interesting spot right now—steady, tough, and, honestly, a bit hopeful. While the world wrestles with inflation, shifting interest rates, and all sorts of geopolitical drama, India just keeps humming along. A lot of that comes down to strong demand…
GST 2.0 & Tax Cuts Set to Pump â‚ą2.5 Lakh Crore into the Indian Economy Big changes are on the horizon for India’s economy. With GST 2.0 rolling out and some hefty tax cuts in the pipeline, the government’s aiming to inject over â‚ą2.5 lakh crore into the system. That’s a serious boost—good news for…
GST 2.0: The Big Shake-Up That Might Actually Change the Game for India Alright, so here’s what’s buzzing—India’s Chief Economic Adviser, V. Anantha Nageswaran, is hyped about GST 2.0. He’s calling it a “landmark reform.” Honestly, it’s not just some fancy upgrade; this thing could really crank up India’s growth. The plan? Make taxes less…