Gifting Property? Know Tax Rules Under Section 56(2)(x)
Gifting immovable property to family? Learn tax implications under Section 56(2)(x) of Income Tax Act, including thresholds, exemptions, and valuation rules.
Category : GST & Taxation
UPERC seeks UPPCL data on June 2026 power surcharge
UPERC has asked UPPCL to provide complete details on the 10% fuel and power purchase adjustment surcharge for June 2026, citing concerns over calculation and recovery, with a deadline of June 19.
Gujarat FRC Finalizes Fees for 522 Engineering Colleges
Gujarat's fee regulatory committee has locked fee hikes for 522 self-financed engineering colleges, while 103 institutions seeking over 5% increase await approval amid looming admission deadlines.
Zomato's Eternal Gets ₹9.63 Crore GST Notice
Zomato's parent company Eternal has received a GST demand notice of ₹9.63 crore for the period April 2023 to March 2024, as per a BSE filing.
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Tamil Nadu to Assign Market Guideline Values to All Land Survey Numbers by June
Tamil Nadu Minister T Logesh Tamilselvan directs officials to assign market guideline values to all land survey numbers by June, ensuring faster and citizen-friendly registration services.
Why Useless Meetings Persist and Hurt Workplace Productivity
Many employees endure pointless meetings that waste time and disrupt focus. This article explores why such meetings continue and offers solutions to reclaim productivity.
India Notifies Coal Exchange Rules 2026 for Transparency
India formally notifies Coal Exchange Rules 2026, enabling market-based coal trading through regulated electronic exchanges to enhance transparency, competition, and price discovery.
Hyderabad Water Board Earns ₹20 Crore Amid Water Scarcity
HMWSSB earned ₹20 crore from water tanker operations during summer as residents spent over ₹40 crore on 8 lakh tankers, while the board faces ₹3,000 crore in pending dues.
Ahmedabad Trader Alleges Fraudulent GST Returns
A 76-year-old Ahmedabad trader faces Rs 1.2 crore tax demand after his former financial adviser allegedly filed fake GST returns and generated bogus invoices, leading to cheating charges.
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Bhopal Colonies Now Bulk Waste Generators, Billed by Weight
Bhopal Municipal Corporation's new solid waste rules classify residential colonies as bulk waste generators, billing them by weight. Events with 100+ people require three days' notice.
Coal Exchange Rules 2026 Notified for Market-Based Trading
The government has notified the Coal Exchange Rules 2026 to establish coal exchanges, enhancing transparency, price discovery, and efficiency in coal trading. The move aims to modernize the coal supply chain.
Pune Airport Cab Shortage Worsens During NOTAM Hours
Passengers arriving at Pune airport before the daily NOTAM period face severe cab shortages, with wait times increasing and drivers avoiding the area due to low demand and rising fuel costs.
Gujarat GST target raised to Rs 84,050 crore, more raids planned
Gujarat government directs commercial tax department to collect at least 5% more than budget estimate of Rs 81,000 crore for 2026-27, leading to increased raids and enforcement against tax evaders.
Power Outages Persist in Mumbai Amid Rising Demand and Cable Faults
Mumbai faces persistent power outages in Worli and Tardeo due to cable faults and rising demand, with BEST urging consumers to update load declarations.
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Ludhiana Police File FIRs Against 9 Firms Over Fake GST
Ludhiana police have registered FIRs against nine firms and their proprietors for using forged documents to secure fake GST registrations, causing significant financial losses to the government.
TN govt imposes fee on liquor to raise ₹600 crore yearly
Tamil Nadu government has imposed an additional fee on IMFS, beer, and wine manufactured in the state, expecting to raise around ₹600 crore annually to boost state finances.
TN Engineering Colleges Urge Fee Hike for Govt Quota Seats
Engineering colleges in Tamil Nadu have urged the state government to revise fees for government quota seats, unchanged since 2017-18, citing rising costs and urging an increase to ₹1 lakh.
DGGI Hyderabad Busts ₹72 Crore Fake Invoice Racket
The DGGI Hyderabad has uncovered a fake invoice racket in the battery scrap sector involving bogus GST entities that fraudulently availed and passed on input tax credit worth around ₹72 crore.
Indian Cooking Gas Among Cheapest Globally Despite Hike
India's domestic LPG prices remain among the lowest worldwide despite a recent Rs 29 hike, with government subsidies absorbing international cost surges, the ministry said.
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LPG Price Hiked by Rs 29, Second Increase in 3 Months
Domestic LPG prices in India have been raised by Rs 29 per cylinder, the second hike in three months, with Delhi rates now at Rs 942. The revision follows global supply pressures.
LU Approves New Courses and Industry Partnerships
Lucknow University's executive council approved 25 colleges to start new UG/PG courses and introduced alumni, students, and industry representatives in departmental boards.
Punjab Tax Crackdown: 200 Vehicles Seized, Rs 7 Crore Goods
Punjab's taxation department detains over 200 vehicles and seizes goods worth Rs 7 crore in a crackdown on tax evasion in the iron and steel sector, with penalties expected to exceed Rs 3.5 crore.
Punjab Caps School Fee Hikes at 5% After 166 Complaints
Punjab government moves to cap annual fee hikes at 5% in private schools, citing 166 complaints since 2022. Schools argue for flexibility amid inflation concerns.
Mumbai Power Outages Last Up to 6 Hours in Dahisar, Kurla
Mumbai suburbs faced prolonged power cuts up to six hours, disrupting sleep and morning routines. Residents in Dahisar and Kurla struggled without AC, lifts, and water pumps amid humidity.
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Coimbatore MSMEs Seek No Penalty Notices Without Fraud Under SGST
MSME representatives in Coimbatore have urged the Tamil Nadu commercial taxes department to issue penalty notices under SGST Section 74 only when fraud or wilful evasion is proven, not for routine errors.
How to Transfer Property After a Death: A Step-by-Step Guide
Learn the process of transferring property after a family member's death, including steps for wills, legal heir certificates, mutation, and tips to avoid disputes.
Haryana No.1 in SGST Revenue Growth for May 2026
Haryana achieved 22% SGST growth in May 2026, highest among states, with net collections of Rs 4,456 crore, surpassing national average of 6%.
Karnatak University to Collect GST on Affiliation Fees
Karnatak University will levy GST on affiliation fees, with colleges required to pay in three installments before the 2028–29 academic year notification.
Haryana Tops State GST Growth in May 2026 with 22% Rise
Haryana recorded 22% state GST growth in May 2026, outperforming national average of 6%. Collections rose to Rs 4,456 crore. Cumulative growth in April-May at 40% also leads.
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STF Arrests Two Delhi Graduates in GST Fraud Case
Uttar Pradesh STF arrested two Delhi-based B.Com graduates for creating bogus firms to claim fraudulent Input Tax Credit, causing revenue losses of crores.
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