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.
Category : Search result: tax compliance drive
Budget 2026: Corporate India Seeks Tax Clarity Before New Law
As Budget 2026 nears, businesses demand direct tax reforms to address ambiguities in the upcoming Income-tax Act 2025, focusing on demergers, transfer pricing, and compliance simplification.
ITR-U: Second Chance for Missed Income at High Cost
Taxpayers who missed December's revision deadline can still file updated returns through ITR-U, but only if it increases tax liability with penalties rising up to 70% over four years.
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.
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.
India's TDS System Needs Major Overhaul
India's TDS framework has become overly complex, causing cash-flow issues and litigation. Experts propose using GST data to simplify withholding taxes and reduce compliance burdens.
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.
Income Tax Dept's Nudge Campaign: A New Compliance Era
India's Income Tax Department is using behavioural 'nudge' campaigns to improve tax compliance, moving beyond traditional notices. Discover how this innovative approach is changing taxpayer behaviour.
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.
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.
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.
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.
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.
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.
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.
Gurgaon MCG seals properties for Rs 43 lakh tax default
Gurgaon MCG intensified its crackdown on property tax defaulters, sealing two Saraswati Enclave properties for Rs 43 lakh dues. Officials warn 33 more properties face action as drive strengthens revenue collection.
JMC Recovers Rs 8 Lakh, Seals Properties in Tax Drive
Jaipur Municipal Corporation's crackdown on UD tax defaulters in Murlipura zone yields Rs 8 lakh recovery. Five properties attached, two marriage halls sealed. Read about the strict enforcement.
Govt Debunks 85% Tax on ₹10 Lakh Bank Transactions
PIB Fact Check refutes viral social media claim of an 85% tax on transactions over ₹10 lakh. No such tax exists. Read details on the new Income Tax Act 2025 and its simplified rules.
Tax Regime Choice Impacts Your Tax Outgo Significantly
With the new tax regime as default, choosing wrongly can lead to higher tax payments. Experts explain key factors like HRA, deductions, and documentation to consider for optimal tax planning in India.
India's 2026 Tax Overhaul: Predictability & Tech at Core
India's 2026 tax landscape is set for a major shift towards predictability and technology. Explore the key reforms in Income Tax, GST 2.0, and dispute resolution that aim to build taxpayer trust.
2025 Tax Reforms: New Regime, Crypto Rules, GST Slabs
India's 2025 tax reforms reshaped personal income tax, GST, and crypto rules. Explore key changes in slabs, compliance, and the new Income-tax Act 2025. Read more.
Saudi Arabia's new sugar tax on beverages starts Jan 1
Saudi Arabia replaces its 50% flat tax with a four-tier excise duty based on sugar content from January 1, aiming to cut consumption. The UAE will implement a similar system in 2026. Read how this GCC health move affects prices.
California Wealth Tax Sparks Silicon Valley Exodus Fears
Anduril's Palmer Luckey warns California's proposed 5% billionaire wealth tax could force asset sales and home seizures. Tech elite like Peter Thiel consider leaving. Read the full analysis.
NITI Aayog Wants to Decriminalise Income Tax Offences
NITI Aayog's new paper recommends decriminalising many income tax offences to shift from fear to trust-based compliance. Could this reform boost investment and ease business?
New Simplified Income Tax Act 2025 Takes Effect April 1
India's new Income Tax Act, 2025, replaces the 1961 law from April 1, aiming for a simplified tax regime. Read about the key changes and implications.
New Tax Regime: PPF Holds Ground, ELSS Loses Appeal
As India's new tax regime becomes the default, savers are ditching ELSS for PPF and index funds. Discover why tax-saving discipline is shifting and how to invest wisely.
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