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Finance Ministry Clarifies Exemption of Small Foreign Transactions from 20% TCS

The Finance Ministry has responded to the severe backlash against its new policies on foreign transactions by clarifying that debit or credit card transactions...

India Eliminates Windfall Tax on Petroleum Crude, Keeps Tax on Fuel Unchanged

In a recent government notification, India has announced the elimination of the windfall tax on petroleum crude, reducing it to zero from the previous...

India to tax Netflix from streaming services

India has reportedly taken steps to tax the income earned by Netflix Inc. from its streaming services in the country. This move marks the...

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