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Sunday, July 20, 2025
TopicIncome Tax

Topic: Income Tax

India’s power play at ICC tournament in Pakistan & Indian taxpayers’ strained ties with authorities

International media also reports on the financial revolution brewing among the middle class & the north-south divide over the 2026 delimitation proposal.

Govt’s new income tax bill will require you to share passwords with tax officials during searches

FM Nirmala Sitharaman said draft Bill—tabled in Lok Sabha & sent to Parliamentary Select Committee for review—incorporated “substantial changes” from original Act. Tax rates remain unchanged.

Can income tax relief help BJP clinch Delhi? Anatomy of the middle-class voter demographic

On Saturday, Finance Minister Nirmala Sitharaman announced a hike in the income tax rebate from Rs 7 lakh to Rs 12 lakh.

Budget 2025 corrects misguided tax regime of Nehruvian socialism. Changes India’s destiny

PM Modi takes problems head-on with a multi-year plan and clear outcomes. It requires patience and is often met with opposition from people who prefer shortcuts.

Taxman will still come after you. Expect more scrutiny of your tax returns

Budget 2025 makes it clear the government’s privatisation mission has been buried. It wants to pump money into CPSEs, and receive ever-increasing dividends.

‘Trust first, scrutinise later’— Budget 2025 shows govt is warming up to this idea

Govt remains steadfast in its belief that a taxpayer-friendly regime will ultimately drive long-term compliance and economic prosperity.

Modi 3.0 gives giant relief to middle class—no tax on income up to Rs 12 lakh

In Budget speech, FM Sitharaman said this will reduce tax burden & leave more money in their hands. The govt also raised TDS exemption limit & TCS threshold on foreign remittances.

India’s income tax ‘balancing act’ & plans to pivot the infra push from road to rail

Global media also looks at India’s decision to allow 1 million tons of sugar exports this year & why it has come as a surprise to some traders.

Budget 2025—three reasons your income tax isn’t going down

Income tax is such a steady and reliable revenue stream, and an increasingly vital one, that the government simply cannot afford to do anything that would curtail it.

On Camera

Can Syria’s tiny Druze minority survive West Asia’s new storms? There’s little hope

Indians see West Asia as one uninterrupted wash of Islam, but the reality is more complex. For the Druze, support from Israel—where they are a recognised minority—is now critical.

India-US set to ink mini trade deal soon, reach understanding on agricultural & dairy products

Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.

Not just AK-203, India & Russia to jointly manufacture AK-19 and PPK-20 for domestic use and export 

India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.

Strategic partner one day, tactical nightmare the next: India’s learning Trumplomacy the hard way

Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.