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.
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'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.
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.
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.
Still waiting for your ITR refund? Learn why delays happen, when you won't get 6% interest, and how to check your refund status online. Essential guide for Indian taxpayers.
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.
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.
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.
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.
Varanasi Municipal Corporation assures no coercive action against religious sites after seers protest integrated tax bills. Commissioner clarifies tax exemptions for charitable institutions.
Kanpur District Magistrate Jitendra Pratap Singh conducted a surprise inspection, found 7 employees absent, and ordered a one-day salary deduction. Read the full details of the disciplinary action.
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.
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.
Income Tax Department clarifies recent SMS/email alerts are advisories for taxpayers to voluntarily review & correct ITR discrepancies. Last date for belated ITR is Dec 31, 2025.
Income Tax Department's NUDGE campaign gives taxpayers until Dec 31 to correct returns after checks revealed under-reporting of property, bank deals. Act now.
A Khanna resident was shocked when Rs 150 was deducted from his Fastag for a toll plaza he never visited. He has approached NHAI and his bank. Read about this alarming technical glitch.
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.
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.
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.
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.
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.
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 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'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.
Donald Trump claims global tariffs can replace US income tax. Experts and Treasury data reveal a multi-trillion dollar gap, calling the idea 'nonsensical' and economically risky. Read the full analysis.
CBDT data shows personal income-tax refunds have fallen sharply. Experts cite late ITR forms, increased verification, and processing constraints. Learn what taxpayers can do.
Income Tax department expands Hyderabad biryani tax evasion probe to rice & meat suppliers. Officials uncover weight manipulation & ₹600 crore unaccounted income. Read the full investigation details.