Tag: presumptive taxation scheme
Posted in Economy
Income Tax Dept tightens disclosure norms under presumptive taxation scheme
New Delhi: The Income-Tax Department is tightening disclosure norms for taxpayers using the presumptive taxation scheme, after detecting cases where reported income did not match…
Posted in Economy
New Income Tax Act 2025 to prioritize simplicity and stakeholder engagement, says FM Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman stated on Friday that the government is moving beyond merely simplifying legislation to actively involving the public in the tax…
Posted in Economy
Niti Aayog moves to simplify tax for foreign firms
NITI Aayog has proposed a simplified and optional presumptive tax scheme for permanent establishments in India, aimed at reducing discretion and litigation, simplifying compliances and…