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.
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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.
Uttarakhand Cabinet Approves Major Policy Decisions
Uttarakhand cabinet approves major policy changes including healthcare reforms, tax cuts on clean fuels, higher pensions for artists, and incentives for doctors in remote areas. Read the full details.
ITR Processing Deadline: CPC Must Finish by Dec 31, 2026
The Income Tax Department's CPC has a strict deadline to process ITRs. If missed, your filed return is deemed accepted. Learn how to claim your refund if delayed.
ITR Refund on Hold? I-T Dept's SMS Sparks Concern
Income Tax Dept sends bulk SMS/emails about refunds on hold due to mismatched ITR details. Taxpayers must file revised return by Dec 31. Learn how to fix errors.
IT Refunds on Hold: Tax Dept Flags Mismatches in ITR Filing
Many taxpayers report receiving emails/SMS from the Income Tax Department stating their refunds are on hold due to discrepancies. The deadline to file a revised ITR for AY 2025-26 is December 31, 2024. Get clarity on the issue.
MCG Seals 15 Properties of Tax Defaulters in Gurugram
The Municipal Corporation of Gurugram (MCG) sealed 15 commercial properties for property tax default, recovering over ₹1.5 crore. The crackdown targets major defaulters across the city.
3.6 Million Indians Update Tax Returns Before Dec 31 Deadline
India sees a surge in voluntary tax compliance with 3.6 million individuals revising returns. CBDT's NUDGE campaign urges corrections before the December 31 deadline to avoid penalties.
3rd National Indirect Tax Moot Court Competition Concludes
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.
Gurgaon CNG pump triple murder unsolved after 3 years
Three years on, the brutal murder of three young employees at a Gurgaon CNG pump remains unsolved. The assailants vanished, leaving behind a trail of blood and unanswered questions. Read the full investigation.
New Gas Transport Tariffs to Cut CNG, PNG Prices in India
PNGRB's 'One Nation, One Grid, One Tariff' policy will reduce CNG prices by ₹1.25-2.50/kg and PNG by ₹0.90-1.80/SCM from Jan 2026, saving consumers ₹1,000 crore annually. Read how this impacts you.
Guide: Pay Property Tax Online, Avoid Queues & Scams
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.
Congress's BMC Poll Manifesto for Mumbai's North Indians
Mumbai Congress's North Indian cell launches a 7-point manifesto with promises like rest rooms at CNG stations and Rs 10 meals. Aims to rebuild base in key BMC seats.
Complete Guide to Mutual Fund Taxation in India
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.
Bengaluru Power Outage on Sunday: Full Details
Parts of south-west Bengaluru face a power cut on Sunday, December 22, from 10 am to 5 pm for KPTCL maintenance. Check affected areas and BESCOM's advisory here.
BMC's Rs 10,899-cr tax claim defies Supreme Court order
Mumbai's BMC demands Rs 10,899 crore in property tax using a disputed formula, overriding High Court and Supreme Court orders. 481 properties face inflated bills and threats of coercive action.
5 Tax-Saving Strategies for Retirees in 2025
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.
Govt owes BMC Rs 3,000+ crore property tax, recovers only Rs 243 cr
RTI data reveals state & central govt bodies in Mumbai owe BMC over Rs 3,000 crore in property tax arrears. Only Rs 243 crore recovered in 5 years, raising burden on citizens. Read full details.
CBDT Clarifies Section 80G Donation Rules via New FAQs
Income Tax Department issues detailed FAQs on claiming 80G deductions. Learn the verification process, eligible donations, and key conditions for taxpayers in the old regime.
Mysuru sees 83% property tax collection, aims for 100% by 2026
Mysuru's urban bodies, led by MCC, achieve an 83% property tax collection surge. Digital payments, early rebates, and door-to-door drives fuel the success. Discover how the district is boosting civic development.
Corporate Tax Growth Hits 7.5%, Overtakes Personal Tax
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.
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.
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.
SSC CGL Tier 1 2025 Results and Cut-Off Announced
SSC announces CGL Tier 1 2025 results and category-wise cut-off marks. Over 1.3 lakh candidates shortlisted. Check steps to download your scorecard now!
Sonepat phases out diesel autos from January 1
Sonepat administration bans diesel auto-rickshaws from January 1, 2025, to curb pollution. Owners must switch to CNG or electric vehicles. Details on the phase-out plan here.
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