Pune Municipal Corporation extends its property tax amnesty scheme to February 16, having collected Rs 713 crore. Civic commissioner Naval Kishore Ram cites elections and public benefit for the extension.
Delhi's Municipal Corporation reports a 45% increase in property tax revenue, reaching Rs 2,700 crore. The SUNIYO amnesty scheme attracted 1.7 lakh taxpayers, boosting collections significantly.
The Lucknow Municipal Corporation sealed and attached multiple residential and commercial properties across the city to recover pending house tax, collecting lakhs in dues.
Finance Minister Nirmala Sitharaman will present Union Budget 2026 on February 1. Tax experts predict a gradual phase-out of the old income tax regime as the new regime gains popularity.
India's gross direct tax collections increased 4.1% to Rs 21.5 lakh crore, with sluggish income tax growth offset by stronger corporate tax performance. Net collections rose 8.8% to Rs 18.4 lakh crore.
India's net direct tax collection rises 8.82% to over Rs 18.38 lakh crore till Jan 11. Refunds drop 17%. Government aims for Rs 25.20 lakh crore target for FY26. Read the full analysis.
The new Simplified Income Tax Act, 2025, comes into force on April 1, 2026, replacing the old assessment year system with a single 'tax year'. Learn how this major tax reform simplifies compliance for Indian taxpayers.
The new Income Tax Act 2025 comes into force on April 1, 2025. Understand the key changes in tax slabs, deductions, and compliance for the upcoming financial year.
The Income Tax Act, 2025, replaces the 64-year-old law from April 1. It simplifies rules, reduces litigation, and incorporates Budget 2026-27 changes. Read the full explainer.
Mysuru City Corporation reveals a list of major property tax defaulters, including universities and police stations. Commissioner announces a 'name-and-shame' policy. Read the full list here.
India's income tax department launches a 'Nudge' campaign to boost honest reporting as direct tax growth slows to 8%. Learn about the new compliance focus and collection targets.
Chandigarh Municipal Corporation intensifies property tax recovery, targeting residential & commercial defaulters. Officials aim to maximise revenue before fiscal year-end in March.
Gurgaon's MCG accelerates property tax recovery, collecting Rs 30 crore in 1.5 months and sealing 55 properties. The civic body now targets illegal commercial activities in residential areas to boost revenue for city development.
Prayagraj Municipal Corporation identifies 40,000 properties with 3-year tax dues. Notices issued; failure to pay may lead to property attachment, water cut. Act now to avoid penalties.
The Municipal Corporation of Gurugram has successfully recovered ₹295 crore in outstanding property tax from defaulters in 2025 through a special recovery drive. Discover how the civic body is boosting its revenue.
Mohali Municipal Corporation begins sealing properties of chronic tax defaulters from January 7. Officials warn of strict action for unpaid dues. Read details.
More than 145 countries have solidified a revised global minimum tax agreement, incorporating US concerns. This landmark deal aims to curb corporate tax avoidance worldwide. Read the full details here.
Indian tax authorities deploy generative AI for faster compliance checks and fraud detection. Discover why human oversight remains crucial in this tech-driven shift.
Learn how Section 54F of the Income Tax Act allows Indians to save on long-term capital gains tax by reinvesting in a residential property. Key conditions and timelines explained.
Gurgaon MCG intensified its crackdown on property tax defaulters, sealing two Saraswati Enclave properties for Rs 43 lakh dues. Officials warn 33 more properties face action as drive strengthens revenue collection.
Nashik Municipal Corporation's amnesty scheme recovers Rs 66 crore from 86,000 defaulters, boosting total property tax collection to Rs 208 crore. Officials confident of meeting Rs 275 crore annual target. Read more.
Mangaluru City Corporation starts a detailed ward-wise property survey to identify all holdings and improve tax revenue. The drive aims to bring clarity to nearly 90,000 pending properties.
Millions of US student loan borrowers may face large federal tax bills from 2026 as a key tax exemption expires. Learn about the impact and how to prepare.
Mohali Municipal Corporation launches a strict drive against property tax defaulters. Major commercial & industrial units face sealing & auction if dues not cleared in 3-day grace period. Pay now to avoid action.
Mohali Municipal Corporation cracks down on major property tax defaulters, including GMADA with Rs 10 crore dues. Sealing and auction drive initiated. Pay now to avoid action.
PIB Fact Check refutes viral social media claim of an 85% tax on transactions over ₹10 lakh. No such tax exists. Read details on the new Income Tax Act 2025 and its simplified rules.
With the new tax regime as default, choosing wrongly can lead to higher tax payments. Experts explain key factors like HRA, deductions, and documentation to consider for optimal tax planning in India.
India's 2026 tax landscape is set for a major shift towards predictability and technology. Explore the key reforms in Income Tax, GST 2.0, and dispute resolution that aim to build taxpayer trust.
India's 2025 tax reforms reshaped personal income tax, GST, and crypto rules. Explore key changes in slabs, compliance, and the new Income-tax Act 2025. Read more.
Saudi Arabia replaces its 50% flat tax with a four-tier excise duty based on sugar content from January 1, aiming to cut consumption. The UAE will implement a similar system in 2026. Read how this GCC health move affects prices.