According to the official data released, the direct tax base has significantly widened in the last few years.

posted by Jawwad Kazi 23rd Oct 2018

Given the sharp rise in the number of Income-Tax returns filed and an increase in the number of taxpayers, the direct tax-GDP ratio touch a decadal high of almost 6 per cent.

posted by Jawwad Kazi 23rd Oct 2018

A government-appointed Insolvency Law Committee (ILC) has recommended adoption of a United Nations model law for dealing with cross-border insolvency cases under the Insolvency and Bankruptcy Code.

posted by Jawwad Kazi 23rd Oct 2018

The overall credit outstanding of scheduled commercial banks on a year-on-year (YoY) basis jumped to over 4-year high of 12.2% in August 2018.

posted by Jawwad Kazi 22nd Oct 2018

Indian Exporters appear to be confused on whether exports to the U.S. eligible for duty-free entry into the U.S. under the Generalised System of Preferences (GSP).

posted by Jawwad Kazi 20th Oct 2018