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GST 2.0 to Ease Rural Household Expenditure Why in the News ? A FICCI analysis shows that under GST 2.0, more than 75% of rural expenditure and 66% of urban expenditure will fall under the nil or 5% tax rate, making the new tax structure more equitable and simplified. This change is expected to have …
Read MoreNew Income Tax Bill Proposes Structural Overhaul Why in the News ? The Income Tax Bill, 2025, proposing 285 changes to India’s tax laws, was recently cleared by a parliamentary committee. Though cleaner and better organised, concerns remain whether the new language translates into real legal simplification or not. Key Features of the New Bill: …
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