Dr Arvind Panagariya-led 16th Finance Commission submits crucial report for 2026-31 fiscal years. Key recommendations on tax devolution, disaster funding await Parliament tabling. States seek larger share of central taxes.
Karnataka's record per capita income growth from welfare schemes could reduce its tax devolution share under the 16th Finance Commission, repeating the Rs 80,000 crore loss experienced earlier.
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.
TrackAse introduces AI-enabled GST litigation management platform to streamline tax dispute resolution. Transform how businesses handle GST compliance efficiently.
Bombay High Court refuses urgent interim relief to same-sex couple challenging Income Tax Act's spouse definition. Hearing postponed to December. #LGBTQrights #TaxLaw
Delhi GST authorities uncover massive ₹645 crore fake input tax credit scheme, arrest key operator. Learn how the sophisticated fraud was detected and prevented.
Discover how to file revised income tax return for FY 2023-24 until December 31, 2025. Learn about Section 139(5), common errors, and difference between revised and updated returns.
Sold a property in March 2024? Learn the tax implications if you don't buy a new house. Will the new 12.5% LTCG rate apply or the old 20%? Get expert insights.
India's new tax rule makes share buybacks fully taxable for shareholders. Experts warn it could reduce payouts and hurt market confidence. Learn about the global context and potential solutions.
Facing an Income Tax notice after buying property? Learn why scrutiny is increasing, how to respond effectively, and expert tips to avoid penalties. Act now for financial peace.
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!
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.
Essential guide to advance tax compliance under new regime covering bank interest, capital gains, and TDS rules. Avoid penalties with expert insights.
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.
Planning to gift stocks or mutual funds this festive season? Discover the hidden income tax implications and capital gains rules you must know to avoid costly mistakes.
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.
In a landmark judgment, the Bombay High Court uncovers fabricated AI-generated legal precedents used to justify massive tax demands, raising serious questions about technology's role in legal proceedings.
Discover how bank FDs and equity mutual funds stack up against each other for tax-saving in India. Expert analysis on which investment works better under the new versus old tax regimes.
Unlock the secrets of India's share buyback tax regime. Learn how it impacts investors and companies, tax implications, and strategic considerations for maximum returns.
Income Tax Department issues final warning: PAN cards without Aadhaar linkage will become inactive from January 1, 2026. Learn the simple steps to complete this mandatory process and protect your financial transactions.
Explore the heated global debate on wealth taxes for ultra-rich individuals. Discover why economists are divided and what this means for economic equality in India and worldwide.
Human rights lawyer Maheen Sultan fights to abolish Pakistan's controversial 10-18% sales tax on menstrual products, calling it discriminatory against women's health and dignity.
Nithin Kamath explains why India's unique tax advantages are creating unprecedented IPO momentum and transforming the investment landscape for retail investors.
India's drinking preferences are undergoing a dramatic transformation as beer consumption declines while premium liquor experiences unprecedented growth. Discover how tax policies and changing consumer tastes are reshaping the alcohol industry.
Supreme Court grants Vodafone Idea crucial relief in ₹20,000 crore transfer pricing case, offering hope for the struggling telecom giant's financial recovery.
India's festive season witnesses unprecedented consumer spending surge as GST reforms spark massive shopping spree, driving sales to ₹6 trillion milestone with 85% growth in key sectors.
Maruti Suzuki witnesses unprecedented growth in small car segment as GST reduction makes vehicles more affordable for millions of Indians. Discover how tax reforms are reshaping the automotive landscape.
A Ludhiana court has directed a criminal investigation against Income Tax officials accused of extorting ₹5 lakh from a businessman. Get the latest updates on this developing scandal.
Andhra Pradesh celebrates its second-highest GST revenue since 2017, marking a significant 15% year-on-year growth and showcasing robust economic recovery.
Planning to deposit a big cash amount? The Income Tax Department is watching. Learn how high-value transactions trigger red flags and discover smart strategies to avoid unwanted tax notices and penalties.