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: tax bomb
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.
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.
Bomb Threat Emails Target Ahmedabad Schools
Several schools in Ahmedabad received bomb threat emails, leading to a precautionary holiday for students. Police and bomb squads are investigating. Read the latest updates.
Hoax Bomb Mails Sent to Karnataka Government Offices
Multiple Karnataka government offices received hoax bomb emails, prompting large-scale security responses. Police confirm no explosives found. Read the full details of the investigation.
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.
16th Bomb Threat at Coimbatore Collectorate, Declared Fake
Coimbatore district collectorate received its 16th bomb threat email in recent months. Police and bomb squads conducted a search, found nothing suspicious. Read the full details.
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.
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.
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.
DU Colleges Get Hoax Bomb Threats, Evacuated
Delhi University's Ramjas and Deshbandhu colleges evacuated after bomb threat emails. Police confirm hoax. This is the third such incident in Delhi since November. Read the full story.
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.
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.
Ghaziabad property tax rebate extended to Dec 31
Ghaziabad Municipal Corporation extends the 20% property tax rebate deadline to December 31. After that, rebates will reduce in phases. Over 5.5 lakh taxpayers in the city are affected.
NRI Gifting Shares to Father: No Tax in India
An NRI in Dubai asks if gifting unlisted company shares to his father in India attracts tax. A CA explains the capital gains and DTAA implications for NRIs. Read for expert advice.
Hoax Bomb Threat at Kerala CM's Residence, Bank
A hoax bomb threat via email triggered high-security checks at Kerala CM Pinarayi Vijayan's residence and a private bank in Thiruvananthapuram. Police confirm threat as non-credible.
UAE Announces Major Tax Amendments Effective January 2026
The UAE has unveiled key tax amendments effective January 2026, simplifying refunds and boosting FTA powers. Learn what this means for businesses and taxpayers.
Access Your Form 26AS: Complete Step-by-Step Guide
Learn how to easily view and download your Form 26AS from the Income Tax portal. This essential document helps verify all your tax deductions and payments. Follow our simple guide now!
UAE Tax Law Amendments Effective January 2026
UAE introduces major tax procedure reforms from January 2026, including 5-year refund claims, expanded FTA powers, and R&D tax credits. Learn how these changes impact businesses.
Mantri Mall Pays Rs 6.5 Crore Tax, Faces Rs 30 Crore Dues
Bengaluru's Mantri Mall clears Rs 6.5 crore property tax but still owes Rs 30 crore to BBMP. The mall has faced multiple sealings for non-payment. Read the latest updates.
Patna Waives 100% Interest on Property Tax Till 2026
Patna Municipal Corporation announces a full waiver on interest and penalties for property tax defaulters. Pay only the principal amount by March 31, 2026. Clear your dues now!
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