MCD Tax Collection Jumps 45% with Amnesty Scheme
Delhi's Municipal Corporation reports a 45% increase in property tax revenue, reaching Rs 2,700 crore. The SUNIYO amnesty scheme attracted 1.7 lakh taxpayers, boosting collections significantly.
Delhi's Municipal Corporation reports a 45% increase in property tax revenue, reaching Rs 2,700 crore. The SUNIYO amnesty scheme attracted 1.7 lakh taxpayers, boosting collections significantly.
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.
Mohali Municipal Corporation restructures waste management into six zones post-delimitation. New RMC points planned to tackle rising waste. Read about the sanitation overhaul.
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.
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.
Specialty coffee roaster Blue Tokai debuts its premium 'Origins' cafe experience in Mohali, featuring exclusive single-origin brews and a new food menu. Discover the new hotspot for coffee aficionados.
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.
Mohali Municipal Corporation greenlights a Rs 7 crore storm water drainage project from Mataur Chowk to N Choe, promising a permanent fix for chronic monsoon flooding in Phase 3B2, Phase VII, and adjoining areas. Read more.
Mohali Municipal Corporation approves a major Rs 6 crore road infrastructure project under the Govt of India's Special Assistance Scheme. Works to be completed by March 2026. Read more.
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.
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.
Karnataka cabinet extends B-khata to A-khata conversion to all urban centres, aiming to bring lakhs of unauthorised properties into the tax net and formal framework. Details inside.
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.
Mohali's F&CC greenlights projects worth Rs 22.2 crore & new estimates of Rs 6 crore for sanitation, water, roads & public amenities. Mayor Sidhu targets March 2026 completion.
The Finance and Contract Committee (FCC) has sanctioned Rs 22.22 crore for crucial infrastructure projects in Mohali, including road repairs and sewerage upgrades. This major investment aims to boost urban development and public amenities.
Mohali Municipal Corporation approves work orders worth Rs 22.22 crore and new project estimates of Rs 6 crore, focusing on solid waste management, water supply, and civic upgrades. Mayor Amarjit Singh Jeeti Sidhu outlines the development push.
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.
Municipal Corporation's enforcement drive targets major defaulters like WWICS, leading to panic and swift tax recovery. Officials aim to exceed Rs 55 crore target by March 31. Read more.
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.
GMADA constructs Mohali's first ground-level helipad opposite its office for VIP movement. The Rs 50 lakh project on 1,000 sq m is set for completion soon. Read more.
Punjab Police arrest second suspect in Mohali woman's murder case. Key details on the crime, investigation, and ongoing probe revealed. Read the full story.
Mohali Municipal Corporation begins sealing properties of chronic tax defaulters from January 7. Officials warn of strict action for unpaid dues. Read details.
A major Rs 7 crore drainage project in Mohali gets approval, promising relief from chronic waterlogging for residents of Sector 70, Phase 7, and adjoining areas with a new underground pipeline.
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.