The World Health Organization urges governments to raise taxes on sugary drinks and alcohol, citing weak tax systems that fuel obesity, diabetes, and cancer. India's tobacco tax initiative receives praise.
Finance Minister Nirmala Sitharaman will present Union Budget 2026 on February 1. Tax experts predict a gradual phase-out of the old income tax regime as the new regime gains popularity.
India's gross direct tax collections increased 4.1% to Rs 21.5 lakh crore, with sluggish income tax growth offset by stronger corporate tax performance. Net collections rose 8.8% to Rs 18.4 lakh crore.
India's net direct tax collection rises 8.82% to over Rs 18.38 lakh crore till Jan 11. Refunds drop 17%. Government aims for Rs 25.20 lakh crore target for FY26. Read the full analysis.
India's net direct tax collection surged 9% to Rs 18.4 lakh crore by January 11, 2026, driven by robust corporate and personal income tax inflows. Discover the breakdown and what it means for the economy.
DoorDash co-founder Andy Fang announces exit from California, citing the state's 2026 Billionaire Tax Act. He joins a growing exodus of tech leaders fearing punitive measures on founder-controlled shares.
Wondering about tax on money received from your NRI husband? Expert explains gift tax rules and clubbing of investment income. Read for a clear guide.
Millions of Indian taxpayers await government clarity on the continuation of the old income tax regime beyond March 2025. Experts urge proactive communication to aid financial planning. Read more for details.
Tax experts caution government against raising income tax surcharge or reintroducing wealth tax in Budget 2026-27, warning of capital flight and impact on investment. Read the full analysis.
California's proposed Billionaire Tax Act could impose a one-time 5% levy on over 200 ultra-rich residents from Jan 2026. Will it trigger a capital exodus? Read the full list.
The new Simplified Income Tax Act, 2025, comes into force on April 1, 2026, replacing the old assessment year system with a single 'tax year'. Learn how this major tax reform simplifies compliance for Indian taxpayers.
The new Income Tax Act 2025 comes into force on April 1, 2025. Understand the key changes in tax slabs, deductions, and compliance for the upcoming financial year.
The Income Tax Act, 2025, replaces the 64-year-old law from April 1. It simplifies rules, reduces litigation, and incorporates Budget 2026-27 changes. Read the full explainer.
The Bengaluru ITAT dismissed Flipkart co-founder Binny Bansal's claim for India-Singapore tax treaty benefits, ruling him a resident for tax purposes. Read the full details of the 189-page order.
Mysuru City Corporation reveals a list of major property tax defaulters, including universities and police stations. Commissioner announces a 'name-and-shame' policy. Read the full list here.
India's income tax department launches a 'Nudge' campaign to boost honest reporting as direct tax growth slows to 8%. Learn about the new compliance focus and collection targets.
Chandigarh Municipal Corporation intensifies property tax recovery, targeting residential & commercial defaulters. Officials aim to maximise revenue before fiscal year-end in March.
Gurgaon's MCG accelerates property tax recovery, collecting Rs 30 crore in 1.5 months and sealing 55 properties. The civic body now targets illegal commercial activities in residential areas to boost revenue for city development.
Ahead of Budget 2025, tax expert Dinesh Kanabar advises against substantive changes to the new Income-tax Act 2025, calling for focus on TDS simplification, R&D incentives, and dispute resolution.
Prayagraj Municipal Corporation identifies 40,000 properties with 3-year tax dues. Notices issued; failure to pay may lead to property attachment, water cut. Act now to avoid penalties.
The Municipal Corporation of Gurugram has successfully recovered ₹295 crore in outstanding property tax from defaulters in 2025 through a special recovery drive. Discover how the civic body is boosting its revenue.
The IRS has opened the 2026 tax filing season. Learn about key changes from the One, Big, Beautiful Bill, new forms like Schedule 1-A, and tips for filing your 2025 returns before the April 15 deadline.
Ahmedabad's property tax incentive scheme offers major interest relief. Over 24,000 taxpayers paid Rs 24+ crore in a week. Learn how to benefit before March 31.
Greater Visakhapatnam Municipal Corporation collected ₹510 crore in property tax last fiscal. With new assessments and revised structures, it aims for ₹600 crore this year. Read how they plan to achieve it.
Mohali Municipal Corporation begins sealing properties of chronic tax defaulters from January 7. Officials warn of strict action for unpaid dues. Read details.
More than 145 countries have solidified a revised global minimum tax agreement, incorporating US concerns. This landmark deal aims to curb corporate tax avoidance worldwide. Read the full details here.
Many Indians are unaware of capital gains tax on property sale. Learn about long-term vs short-term gains, tax rates, and two legal ways to save tax under Sections 54 and 54EC. Expert advice by Balwant Jain.
Indian tax authorities deploy generative AI for faster compliance checks and fraud detection. Discover why human oversight remains crucial in this tech-driven shift.
Learn how Section 54F of the Income Tax Act allows Indians to save on long-term capital gains tax by reinvesting in a residential property. Key conditions and timelines explained.
Nashik Municipal Corporation's amnesty scheme recovers Rs 66 crore from 86,000 defaulters, boosting total property tax collection to Rs 208 crore. Officials confident of meeting Rs 275 crore annual target. Read more.