From Indira Gandhi's 97.5% tax rate to Budget 2025: A shift in tax policy
Saturday, 8 February 2025 India's tax policy has evolved significantly since the 1970s, when Prime Minister Indira Gandhi's government imposed a 97.5% income tax rate to promote economic equality. This policy led to massive tax evasion and a shrinking tax base, prompting reforms. By Budget 2025, a more progressive tax framework is anticipated, focusing on growth and taxpayer relief.
The Trump Economic Policy is making waves in global trade. President Donald Trump has announced a 25% tax on Venezuelan oil, ensuring a stronger push for domestic energy reliance. Under the Trump..
With tax season in full swing, scammers are working overtime to steal personal information and your refunds at every stage of the tax filing process, even attempting to file fraudulent returns in your..