NRI Tax Guide: Gifting Money & Selling Property
Returned NRI wants to gift money from foreign account to daughter abroad. Also, an NRI selling Dubai property seeks clarity on TDS certificate. Expert explains tax implications.
Category : Search result: petrol tax transparency
Direct Tax Collection at ₹17 Trillion, Growth Slows to 8%
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?
Net Direct Tax Collection Grows 8% to Rs 17.04 Lakh Crore
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.
Direct Tax Collections Up 8%, Refunds Down 13.5%
India's net direct tax collections grew 8% to Rs 17.05 lakh crore till Dec 17, boosted by a sharp 13.5% fall in refunds. Advance tax up 4.27%. Read the full analysis.
Delhi's Crackdown: No PUC, No Fuel at Petrol Pumps
Delhi intensifies its anti-pollution drive by denying fuel to vehicles without valid PUC certificates at petrol pumps. The move sparks mixed reactions from motorists and staff. Read more.
Lucknow Rolls Out New Property Tax System with Unique IDs
Lucknow Municipal Corporation introduces a new Property Tax Management System (PTMS) with unique 16-digit IDs for all properties. Aimed at boosting transparency and compliance, it links to the Smart City Command Centre. Read more.
VMC Pauses Coercive Action on Temples After Seers' Protest
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 Dept: Recent Notices Are Advisory, Not Enforcement
The Income Tax Department clarifies recent taxpayer communications are for voluntary compliance. Review your AIS and respond via the Compliance Portal by Dec 31, 2025, if needed.
Delhi's No PUC, No Fuel Rule Cuts Petrol Pump Footfall
Delhi's strict 'No PUC, No Fuel' policy is now active, causing a significant 30-40% drop in customers at petrol pumps. Learn about the enforcement, public reaction, and its impact on pollution control.
Petrol dealers warn of chaos in Delhi's 'No PUC, No Fuel' plan
Delhi petrol pump dealers highlight legal risks and outdated tech ahead of 'No PUC, No Fuel' rule. They seek safeguards and NCR-wide rollout for effectiveness. Read more.
Delhi Court Acquits 5 in 2020 Riots Case Over Evidence Gaps
A Delhi court acquits five men in a 2020 northeast Delhi riots case, citing serious flaws in prosecution evidence and investigation. Read the full details of the judgment.
3 Arrested for Jalandhar Petrol Pump Robbery
Jalandhar police swiftly arrest three suspects for robbing a petrol pump at gunpoint. Recovery of stolen cash, weapons, and vehicle marks major breakthrough. Read details.
Kanpur: 4 held for Rs 37.87 crore GST fraud using fake firms
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.
Missed 15 Dec Advance Tax? Know Penalty & Rules
Third advance tax instalment for FY 2025-26 due 15 Dec. Missing it attracts interest under Section 234C. Know calculation, exemptions for seniors, and how to pay by March.
Karnataka: Ethanol-blended petrol does not cut mileage
Karnataka government experts counter public concerns, stating ethanol-blended petrol does not reduce vehicle efficiency or mileage. Learn the facts about E20 fuel compatibility.
ITAT Restores NRI Appeal After 621-Day Email Error
Ahmedabad ITAT restores an NRI's tax appeal despite a 621-day delay, citing notices sent to a wrong email address. The ruling highlights the need for accuracy in the faceless appeals process. Read more.
2026 Tax Season: New OBBB Rules, Refund Dates, Tips
Get ready for the 2026 tax season with major changes under the One, Big, Beautiful Bill. Learn about new deductions, refund timelines, and how to file early for faster returns. Essential reading for all taxpayers.
Tax Revenues Jump 30%, But Spending Still Outruns Income
India's tax revenues soared 30% in the first half of FY25, yet government expenditure grew faster, widening the fiscal deficit. Explore the details and implications for the economy.
4 Major SUV Launches in India: Kia, Tata, Renault
Indian auto market gears up for 4 major SUV launches by Jan 2026. New-gen Kia Seltos, petrol Tata Safari & Harrier, and Renault Duster return. Check dates & details.
Advance Tax Rules: Exemptions, Deadlines for FY 2025-26
Understand India's advance tax rules for FY 2025-26. Know payment deadlines, key exemptions for senior citizens & salaried, and how to avoid penal interest. Plan your taxes now.
Vedanta Fights ₹1,308 Cr Tax Claim in Delhi HC
Vedanta moves Delhi High Court against tax department's ₹1,308 crore GAAR claim over Mauritius holding structure. Court halts coercive action until Dec 18 hearing. Read the full details.
Toyota: After E20, India must push flex fuel vehicles
Toyota's India head calls for tax breaks and cheaper pricing for flex fuel vehicles, arguing they are the next logical step after E20, not higher ethanol blends. Learn about the challenges and the proposed roadmap.
New Jersey ANCHOR Tax Relief: Who Gets $1,500?
New Jersey's ANCHOR program offers tax relief up to $1,500 for homeowners and $450 for renters. Learn eligibility, payment dates, and how it aids families amid inflation.
Sitharaman calls for global tax cooperation on digital economy
Finance Minister Nirmala Sitharaman calls for international tax transparency to tackle digital economy & crypto assets. Highlights India's improved tax compliance. Read more.
India Calls for Global Tax Cooperation at OECD Forum
Finance Minister Nirmala Sitharaman highlights need for global coordination on tax transparency, digital economy, and beneficial ownership to ensure fair economic governance and development.
Sitharaman Advocates for Global Tax Transparency at G20
Finance Minister Nirmala Sitharaman champions tax transparency and digital public infrastructure at G20 meeting, reinforcing India's leadership in global economic governance. Read more.
How Marriage & Divorce Affect Your Income Tax in India
A complete guide to Indian tax laws on wedding gifts, clubbing of spouse & minor's income, and alimony taxation. Learn key exemptions and avoid penalties.
Sitharaman Urges Global Tax Cooperation Amid Digitalisation
Finance Minister Nirmala Sitharaman emphasized the need for international cooperation, fairness, and the use of AI in tax information exchange at the Global Forum meeting in New Delhi.
Advance Tax Deadline 15 Dec: Rules & Penalties
The 15 December advance tax deadline is approaching. Learn who must pay, the instalment schedule, and the interest penalty for missing the due date. Act now to avoid fines.
ITAT Rules WhatsApp Chats Need Corroboration for Tax Cases
Indian courts are pushing back against tax investigations relying solely on WhatsApp chats. Recent ITAT rulings mandate independent proof like documents or cash trails for digital evidence to be valid. Read the full analysis.
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