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.
Category : Search result: tax revenue sharing
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.
Gujarat GST Mop-up Rises 9%, Hits Rs 52,390 Crore
Gujarat's GST collection grew 9% to Rs 52,390 crore in April-November FY26. November saw Rs 6,723 crore GST, with enforcement revenue surging 61.7%. Read the full state tax report.
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.
GST Collection Growth Slows to 0.7% in November
India's GST revenue grew at a slower pace of 0.7% to Rs 1.70 lakh crore in November. Domestic transactions and services imports show mixed trends. Read the full analysis.
GST Collections Reach ₹1.7 Trillion in November 2025
India's gross GST revenue rose to ₹1.7 trillion in November 2025, marking a 0.7% year-on-year increase, driven by lower tax rates. Get the latest economic updates and analysis.
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!
Trump: No US Income Tax Possible via Tariff Revenue
US President Donald Trump suggests income tax could be nearly eliminated, replaced by tariff proceeds. Get the latest updates on this major US policy shift.
Hyderabad Biryani Chains in Rs 600 Crore Tax Evasion
Income Tax department uncovers massive tax evasion network in Hyderabad's biryani industry. Rs 600 crore unaccounted income detected across Pista House, Shah Ghouse, and Mehfil chains.
UK's £26BN Tax Shock: Reeves Announces New Budget
UK Chancellor Rachel Reeves unveils £26 billion tax plan freezing brackets and hiking wealth taxes. Learn how this impacts millions of families and the economic outlook.
Income Tax Refund 2025: How to Check Status Online
Waiting for your income tax refund? Learn when you'll receive it and follow our step-by-step guide to check your refund status online. Get your money faster with these simple methods.
YouTuber Arrested for Ferrari Tax Evasion: Full Story
Popular YouTuber Cody WhistlinDiesel reveals arrest for $30,000 Ferrari F8 sales tax evasion. The car was destroyed in 2023 but tax issues persisted. Read shocking details.
GBA Targets Tax Defaulters for ₹3,100 Cr Recovery
Greater Bengaluru Authority launches aggressive tax recovery drive to address ₹3,100 crore shortfall. Chief Commissioner orders immediate action against top defaulters. Read full details.
Steel Tycoon Mittal Exits UK Amid Labour Tax Overhaul
Indian-origin billionaire Lakshmi Mittal relocates from UK to Dubai as Labour government plans tax reforms targeting ultra-wealthy. Read about the inheritance tax concerns driving this exodus.
New Income Tax Forms to be Notified by January 2026
CBDT Chairman Ravi Agrawal announced the new Income Tax Act 2025 forms will be notified by Jan 2026, giving taxpayers ample preparation time before the April 1 implementation.
Tax Guide for Inherited Assets During Legal Transfer
Learn how interest and dividends from inherited fixed deposits and shares are taxed during legal transfer delays. Essential tax compliance guide for legal heirs in India.
Siblings Room Sharing: Benefits & When to Separate
Discover why many Indian parents choose room-sharing for siblings despite having space. Learn about bonding benefits, life skills development, and when separate rooms become necessary for emotional well-being.
16th Finance Commission Deadline Extended to Nov 2025
India's 16th Finance Commission gets one-month extension until November 30, 2025. Learn how its tax revenue sharing formula will impact states' development spending until FY31.
54EC Bonds: Save Tax on Property Sale Capital Gains
Selling a property? Learn how Section 54EC bonds can help you save tax on long-term capital gains. Discover investment limits, lock-in period, and key conditions. Consult an advisor today!
Direct Tax Collection Up 7%, Refunds Down 17.7%
India's net direct tax collection surges 7% to over ₹12.9 trillion for the current fiscal year, while refunds see a significant 17.7% decline. Get the full details on this economic boost.
GST Revenue Sharing Formula to Change in 2026
A major shift in how GST revenue is distributed among Indian states is on the horizon. Discover which states stand to gain or lose billions and how this could reshape fiscal federalism.
New Advance Tax Rules: What Taxpayers Must Know
Essential guide to advance tax compliance under new regime covering bank interest, capital gains, and TDS rules. Avoid penalties with expert insights.
Aishwarya Rai Wins ₹4 Crore Tax Battle
Bollywood icon Aishwarya Rai Bachchan emerges victorious in a significant tax dispute involving foreign income and expense claims. Get the exclusive details about this landmark case.
Offset's $2.3M Tax Crisis Amid Cardi B Divorce
Migos rapper Offset faces massive financial turmoil as federal and state authorities slap him with $2.3 million in tax liens while his divorce from Cardi B continues, creating perfect storm of legal and money troubles.
GST Reform & RBI Dividend to Offset Revenue Gap
India's fiscal health gets boost as GST reforms and record RBI dividend expected to compensate for potential revenue gaps. Expert analysis reveals tax collection pressures.
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