Automation and Artificial Intelligence (AI) are no longer emerging technologies—they are powerful forces reshaping global economies. For India, a country with a large workforce, growing digital infrastructure, and ambitious economic goals, automation and AI represent both an opportunity and a challenge. Their impact spans economic growth, employment patterns, productivity, and the quality of products and services, while global developments in…
India’s Finance Minister Nirmala Sitharaman held a pre-budget consultation with State and Union Territory Finance Ministers to gather inputs ahead of the Union Budget. The meeting focused on strengthening Centre–State cooperation and aligning national priorities with state-level needs. Key discussions included fiscal federalism, infrastructure and capital expenditure, support for MSMEs, social welfare spending, and green growth initiatives. States highlighted the…
Ahead of the Union Budget 2026–27, Prime Minister Narendra Modi held a pre-Budget meeting with leading economists and policy experts to discuss key priorities for India’s economic growth. The consultation focused on tax incentives, data centre development, and export policy reforms, which are expected to play a significant role in the upcoming budget. During the interaction, economists recommended targeted tax…
The Ministry of Corporate Affairs (MCA) has announced a key relaxation in Know Your Customer (KYC) compliance requirements for company directors, marking a significant step towards reducing routine regulatory burden. Under the revised norms, directors will now be required to complete KYC verification once every three years, instead of the earlier annual filing mandate, provided there are no changes in…
Updated return of income can be filed within 2 years from the end of relevant assessment year ,on payment of additional tax Tax relief to person with disability Tax Incentive for startup extended upto 31/03/2023 taxation on income from sale of virtual assests@30% Incentives for newly incorporated manufacturing entities under concessional tax regime 6. Income of a non-resident from offshore…
In the last two years, startups in our country faced unprecedented challenges due to the ongoing pandemic. Funds dried up for most, many entrepreneurs reeled under the multiple taxes, and quite a few shut down operations.