Budget 2026: Old Tax Regime Phase-Out Likely, Say Experts
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.
Category : Search result: property tax bribe
Direct Tax Collections Up 4.1%, Income Tax Growth Slows
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.
Direct Tax Collection Grows 8.82% to Rs 18.38 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.
New Income Tax Act 2025: Single 'Tax Year' From April 1
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.
New Income Tax Act 2025 Effective From April 1
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.
Income Tax Act 2025 Replaces 1961 Law from April 1
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 MCC names major property tax defaulters
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.
Tax Dept Tightens Compliance with 'Nudge' Campaign
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.
PHED Engineer Caught Taking iPhone as Bribe in Jhalawar
Anti-Corruption Bureau arrests PHED superintending engineer in Jhalawar for allegedly demanding an iPhone to clear bills. Cash, silver, property deeds seized. Read the full story.
CBI traps CPRI official in Rs 9.5 lakh bribe scandal
CBI arrests CPRI Joint Director in Bengaluru for allegedly taking a Rs 9.5 lakh bribe to favour Sudhir Group. Case registered on Jan 8, 2026. Read the full investigation details.
Chandigarh MC Sends Bulk Notices to Property Tax Defaulters
Chandigarh Municipal Corporation intensifies property tax recovery, targeting residential & commercial defaulters. Officials aim to maximise revenue before fiscal year-end in March.
Gurgaon MCG collects Rs 30 crore tax, seals 55 properties
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.
40,000 Prayagraj homes face action for unpaid property tax
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 Expands Property Regularisation Scheme Beyond Bengaluru
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.
CBI Catches Jharkhand Postal Overseer Taking Bribe
CBI traps and arrests a mail overseer at Ramgarh post office, Jharkhand, for accepting a Rs 15,000 bribe for a GDS job. Read the full details of the anti-corruption operation.
MCG Recovers ₹295 Crore in Property Tax from Defaulters
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.
Jalandhar MC Clerk Arrested for Taking Rs 2000 Bribe
A municipal corporation clerk in Jalandhar was caught red-handed by the Vigilance Bureau for accepting a bribe of Rs 2,000. The arrest highlights the ongoing fight against corruption in Punjab. Read the full details.
Mandal Education Officer held for bribe in pension case
ACB officials in Visakhapatnam arrested Mori John, a Mandal Education Officer, for taking a Rs 40,000 bribe to forward a retired teacher's pension file. Read the full details of the corruption case.
AMC Tax Rebate Gets Strong Response, Rs 24 Cr Collected
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.
College Watchman Caught Taking Rs 3 Lakh Bribe in Ahmedabad
ACB traps college watchman accepting Rs 3 lakh bribe for a trustee to clear retired principal's dues. Trustee flees, probe ongoing. Read the full story.
NBPCL staff arrested for bribe in Muzaffarpur, JE escapes
SVU arrests two NBPCL employees for taking a Rs 5,000 bribe for an electricity connection in Muzaffarpur. One junior engineer escapes. Details on the raid and charges.
MC seals WWICS over tax dues, halts after Rs 4 lakh payment
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.
Visakhapatnam's GVMC targets ₹600 crore property tax revenue
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.
DVAC traps 3 for bribe from farmer in Namakkal
A VAO, village assistant & her husband arrested in Namakkal for demanding Rs 40,000 bribe from a farmer. DVAC used chemical notes in the trap. Read the full details.
Mohali MC to seal tax defaulters' properties from Jan 7
Mohali Municipal Corporation begins sealing properties of chronic tax defaulters from January 7. Officials warn of strict action for unpaid dues. Read details.
145+ Nations Agree on Updated Global Minimum Tax Deal
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.
DVAC Arrests Trichy VAO for ₹5,000 Bribe Demand
A Trichy village administrative officer was caught red-handed by DVAC for demanding a ₹5,000 bribe for a succession certificate. Read the full details of the anti-corruption operation.
How to Save Tax on Sale of Residential Property in India
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.
How AI is Reshaping Tax Scrutiny in India
Indian tax authorities deploy generative AI for faster compliance checks and fraud detection. Discover why human oversight remains crucial in this tech-driven shift.
IAS officer fixed bribe rates, took 50% share: ED
ED reveals in court that Gujarat IAS officer, as a district collector, had fixed rates for bribes and took a 50% share. The officer faces serious corruption charges. Read the full investigation details.
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