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    Tag: India tax system

    New Income Tax Act, 2025 to Replace 1961 Law from April 1, 2026: FM Sitharaman Announces Major Tax Reform
    New Income Tax Act, 2025 to Replace 1961 Law from April 1, 2026: FM Sitharaman Announces Major Tax Reform
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    India’s New Income Tax Rules Effective From April 1, 2026: Full Breakdown for Taxpayers

    India will implement its new Income Tax framework from April 1, 2026, replacing the 1961 law to simplify provisions and modernise compliance. Announced by Finance Minister Nirmala Sitharaman, the overhaul aims to align taxation with India’s evolving economic landscape.

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    GST 2025 Big Update: What Are Sin Goods and Why They Face Highest Tax | 40% Slab on Luxury Products Explained
    GST 2025 Big Update: What Are Sin Goods and Why They Face Highest Tax | 40% Slab on Luxury Products Explained
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    GST 2025 Big Update: What Are Sin Goods and Why They Face Highest Tax | 40% Slab on Luxury Products Explained

    The government has introduced a new 40% GST slab, the highest ever, aimed at “sin goods” and select luxury items. This GST 2025 update explains which products are affected and why they now face the steepest tax rate.

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