« Top Headlines » Open DEMAT Account in 24 hrs  New Income Tax Act: ITR forms to be issued prior to FY28, says govt  GSTR-9C Explained: Turnover Limit, Due Date, Statement Format & How to Prepare It in Tally Prime (2025 Update)  Will Income Tax Department release new ITR forms by January 2026? Finance Ministry says this  The Government of India has strengthened MSME protection through strict payment rules, ensuring that Micro & Small Enterprises receive timely payments from buyers. Under the MSME Development Act (MSMED Act), 2006, buyers must make payments within:  ITR Refund Delays in India: Why They Happen & How to FastTrack Your Refund in 2025  ITR Refund Delay: From Bank Errors To Department Checks, 5 Big Reasons Your Refund Gets Stuck  Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?  Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy  Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief  Digital Efficiency for MSMEs: The Tally Prime Advantage  5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups «  Auditors to soon ring alarm bell on income risks of cos... A tax paper of the right standard... » Economic reforms a must November, 27th 2008 It is necessary to reduce different types of taxes to set right the bad economic system and to overcome the financial tsunami. Along with this the currency rate of differences of India and other developed countries should also be maintained. Finance Minister told about reducing rate of interest in the conference of economic editors. Petroleum Minister too has given indication of reduction in prices of petro products. The entire system becomes dearer with the higher rates and continuous increase in fuel prices. The essential goods get affected due to rise in transport tariff. Sales tax, other taxes including customs duties cause increase in prices up to ten times. Prices of goods become dearer after the expenditure on production and marketing and moreover the sales tax is imposed. The government has marginal control over the private banks and instability continues. Finance Minister hopes that the financial crisis would be tackled with the drastic increase in the yearly loan of World Bank. Analysts believe that it is impossible to overcome inflation with the increasing loan which is being taken from abroad. How can the industrialists invest their money freely without there being sufficient exemption in taxes along with subsidy in agriculture production. Finance Ministry and Planning Commission do not show interest in solving these problems. Committee of economic affairs is also neutral on this issue. Trade, industries and agriculture zones could then be developed resulting in pepping up of the GDP growth rate. The result of ignoring the above mentioned facts is ahead and hope of covering revenue loss up to 2008-09 has ended. Central government with a view to increase supply of dollar, can sanction direct foreign investment to the investment companies. Even after adopting continuous liberal attitude there is no expected increase in investment. Concerned with the global tsunami the Finance Minister, Chidambaram has said about the pending reforms with a view to make the economy competitive, but as nothing seems to be fruitful in practise, disappointment is prevailing in the society.