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.
CBI arrests Deputy Commissioner, two superintendents of CGST in Jhansi for demanding Rs 1.5 crore bribe. Rs 70 lakh first installment seized. Raids recover Rs 90 lakh more. Read the full investigation details.
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.
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 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.
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'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?
The Enforcement Directorate has attached properties worth Rs 17 crore linked to the Sirsa VAT scam. The case involves massive tax evasion through fake firms. Read the full details of the investigation here.
The estate of Robert Brockman settles the biggest US individual tax fraud case, agreeing to pay $750 million in back taxes and penalties. Details on the $2 billion offshore empire revealed.
Bengaluru East City Corporation seals commercial properties over unpaid taxes. With Rs 1,673.5 crore target, only Rs 954.9 crore collected. Read about the enforcement drive.
CII urges institutional reforms & fiscal consolidation in Budget 2026-27 for growth. Key asks: tech to curb tax evasion, debt control, PSU privatisation, and revamping food distribution. Read more.
DGGI Ahmedabad uncovers Rs 78 crore GST fraud network using 8 fake firms for fraudulent input tax credit. Key accused arrested. Details inside.
Punjab's GST collections surge 16% to Rs 17,860 crore till November. Excise revenue also rises 8.64%. FM Cheema credits tech-driven enforcement & OTS scheme for boosting state finances.
The 3rd National Indirect Tax Moot Court Competition 2024, organized by the Chamber of Tax Consultants, concluded successfully in Delhi. The event aimed to hone the skills of future indirect tax professionals. Read more about the winners and key insights.
PIB clarifies new Income Tax Bill 2025 powers. Access to emails & social media is limited to search operations for tax evasion probes. Honest taxpayers unaffected.
Struggling with property tax payments? Learn how to verify dues, download receipts, and pay online via official municipal portals. Save time and avoid penalties with our simple guide.
Learn how equity, debt & hybrid mutual funds are taxed. Optimise your post-tax returns with this detailed guide on capital gains tax, holding periods, and tax-saving strategies.
Discover five proven strategies to legally lower your tax bill in retirement. Learn about Roth conversions, Social Security taxation, and new deductions for seniors in 2025.
Madhya Pradesh reshapes finances with zero-based budgeting & a 3-year rolling plan. Deputy CM Jagdish Devda reveals FY25 revenue of Rs 55,634 Cr, per capita income of Rs 1.52 lakh, and new tech-driven initiatives for revenue growth.
India's corporate tax collections grew 7.5% to Rs 9.94 lakh crore by mid-December, surpassing personal income tax growth. Net direct tax kitty crosses Rs 17 lakh crore. Read the full analysis.
CGST Rohtak arrests Sonipat pharma trader Pawel Garg for alleged GST evasion of Rs 21.30 crore on sales of Rs 118.49 crore. Raid uncovers unaccounted transactions. Read the full details.
India's net direct tax revenue rose 8% to ₹17 trillion in April-December, missing the 13% target. Personal income tax growth slowed due to new slab rates. Can the government meet its full-year goal?
India's net direct tax collection for FY25 grows 8% to Rs 17.04 lakh crore. Gross collections surge 24% to Rs 19.45 lakh crore, while refunds slow. Read the full analysis.
Income Tax Department conducts searches on multiple Mumbai food & beverage companies for alleged tax evasion. Actor Shilpa Shetty's co-owned restaurant among premises covered. Read the full details.
Varanasi Municipal Corporation assures no coercive action against religious sites after seers protest integrated tax bills. Commissioner clarifies tax exemptions for charitable institutions.
Income Tax Department conducts nationwide raids on food companies, including a brand promoted by Shilpa Shetty. Search operations span multiple cities, uncovering alleged financial irregularities.
Income Tax Department raids over 20 Mumbai food & beverage firms for tax evasion. Searches include a restaurant co-owned by Shilpa Shetty. Details on the ongoing investigation here.
Kanpur police and tax officials bust a gang that created fake companies to evade GST worth Rs 37.87 crore. Four arrested, laptops and phones seized. Read the full investigation details.
Government uncovers 489 bogus GST registrations using forged IDs, evading Rs 3,000 crore. Data analytics drive intensifies against tax fraud networks. Read the full report.
Government detects 489 fake GST registrations using forged PAN & Aadhaar, leading to ₹3,000+ crore tax evasion. Learn about the crackdown and new safety measures.