Vehicle sales in India saw a significant jump of 25.6% in February. This surge was fueled by recent tax cuts and a strong demand from the wedding season. Both two-wheeler and passenger vehicle segments experienced robust growth. Dealers anticipate this…
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Bengaluru Chief Minister Siddaramaiah announced a significant relief for professional tax payers. The state government will exempt individuals who have paid their full annual professional tax from filing returns. This move aims to simplify compliance for professionals and small businesses.…
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A recent Indian Supreme Court ruling on tax residency may impact cross-border investments for Indian high-net-worth individuals and family offices in Dubai. The judgment, concerning the Tiger Global-Flipkart case, suggests that tax residency certificates alone may not suffice for treaty…
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New rules from January 1 will bring crypto-assets, CBDCs, and electronic money under financial account reporting. Service providers and financial institutions must report transactions and holdings. Banks and depositories will track accounts with greater detail. This aims for better tax…
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Maharashtra plans tax breaks for scrapping old vehicles and buying new ones. Buyers replacing older cars will get concessions on motor vehicle tax. The government will also double environmental tax on certain older private vehicles. These measures aim to reduce…
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India’s strong foreign exchange reserves and low deficits provide a buffer against rising oil prices, ensuring energy security. However, a prolonged West Asia crisis could impact the rupee and inflation. Despite this, the economy is well-positioned for growth, with GDP…
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