Topic
taxation
Now, tax amnesty for undisclosed foreign assets
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Trade Finance Minister Nirmala Sitharaman Targets Single-Digit Customs Duties by 2027-28 Budget
Finance Minister Nirmala Sitharaman said lowering customs tariffs will be a focus in the next budget, targeting single-digit duties by 2027-28, according to Business Today. Speaking at the CD Deshmukh Memorial Lecture organised by NCAER, she also discussed state borrowing discipline and the necessity of public debt.
Finance India Proposes Sweeping Tax Rule Changes to Attract Offshore Funds
India proposes easing EIF eligibility norms and replacing the June 5 FPI tax Ordinance under the Taxation and Other Laws (Amendment) Bill, 2026. The changes aim to make India a global fund management hub and attract foreign capital, with a unified IFSC and non-IFSC framework.
Finance Tax Amendment Bill 2026 proposes easier rules for offshore funds managed from India
The Taxation and Other Laws (Amendment) Bill, 2026 proposes to substantially relax eligibility conditions for Eligible Investment Funds (EIFs) managed from India, removing investor thresholds and corpus requirements. The bill also replaces the June 5 ordinance that exempted FPIs from tax on G-Sec interest and capital gains, part of a broader push to attract foreign capital and support the rupee.
Finance Understanding Form 16 for FY 2025-26: A Guide for Salaried Taxpayers
Form 16 is crucial for salaried taxpayers in India for filing income tax returns for FY 2025-26. It details salary and tax deductions, aiding accurate tax filing. Employees must obtain it from their employers, especially if they switched jobs.