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
What do taxes reveal about a country’s priorities? In Asia—a region rich in economic, cultural, and political diversity—differences in taxation across Asian countries highlight how each nation balances growth, welfare, and governance. From the UAE’s zero income tax to Japan’s progressive, welfare-oriented system, taxation models vary widely. For example, India uses a Goods and Services … 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
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