Taxation & Tariffs

Tax planning is essential for freelancers and digital working professionals in India, as it helps reduce the end-of-year burden. They can opt for the simplified presumptive taxation scheme (section 44ADA), in which 50% of their income is considered to be profit (if total credit is 70 LPA or higher), or the regular taxation schemes, which … Read more

What does the new tariff indicate for the future of international trade? Imagine a hidden tax that suddenly appears on everyday items and goods, making them more expensive immediately. It is the reality of a tariff rate, a powerful economic tool, which has recently been made a weapon, stressed in a significant and complex partnership … Read more

With the introduction of the New Tax Regime in Budget 2020, Indian taxpayers now have two parallel tax systems to choose from—each with its benefits and limitations. The ongoing debate of the old tax regime vs new tax regime has become more relevant than ever, especially as individuals evaluate their tax-saving strategies and financial goals. … Read more

In India, taxes play a crucial role in shaping the economy, with both businesses and consumers affected by the tax system. For years, the Value Added Tax (VAT) was in place, primarily taxing goods at the state level. However, in 2017, India introduced the Goods and Services Tax (GST), a more unified and transparent system … Read more