Millions of Indian taxpayers await government clarity on the continuation of the old income tax regime beyond March 2025. Experts urge proactive communication to aid financial planning. Read more for details.
Hyderabad I-T's Benami Prohibition Unit attaches 8 properties worth ₹5 crore registered in ex-MLA's daughter's name. Probe reveals cash transactions, owner unaware. Details inside.
A Central GST inspector is accused of colluding in a Rs 100 crore tax evasion racket involving shell firms. The STF probe reveals deep corruption and more arrests are likely. Read the full investigation details.
Sergey Brin and Larry Page relocate from California, avoiding a proposed wealth tax that could have confiscated 50% of their Alphabet holdings. Experts call it a legal trap for tech founders.
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Tax experts caution government against raising income tax surcharge or reintroducing wealth tax in Budget 2026-27, warning of capital flight and impact on investment. 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.
Ahead of the Union Budget, the Indian Micro-Fertilizers Manufacturers Association pushes for uniform 5% GST on all fertilizers, quicker refunds, and a single national license to boost the sector.
State finance ministers highlighted revenue losses from GST rationalisation and erosion of fiscal powers in a meeting with FM Sitharaman. They sought 50-year loans and equitable funding for schemes.
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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.
The Bengaluru ITAT dismissed Flipkart co-founder Binny Bansal's claim for India-Singapore tax treaty benefits, ruling him a resident for tax purposes. Read the full details of the 189-page order.
DGGI Visakhapatnam arrests Hyderabad telecom firm's MD for ₹5.83 crore fraudulent Input Tax Credit using fake invoices. Read the full investigation details.
Two men from Delhi arrested for a massive GST fraud scheme involving fake firms and tax evasion of Rs 25 crore. Police recover phones, laptop, and documents. Read the full investigation details.
Karnataka Finance Minister Byre Gowda urges the Centre for a 50% share in tax revenue from tobacco and pan masala, citing fiscal pressures from GST, urbanization, and climate shocks. Read more.
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Jharkhand witnesses a dramatic rise in vehicle sales post-GST cut. Two-wheeler sales jump 97.73% in Oct 2025 vs 2024. Dealers expand hiring as state revenue grows. Full report inside.
Karnataka Minister Krishna Byre Gowda urges the Centre to address the state's 'shrinking fiscal space' due to a massive GST revenue shortfall, ahead of the Union Budget. Details inside.
Delhi High Court deliberates if air purifiers are luxury goods or medical necessity. Experts debate GST, Right to Life, and regulatory hurdles. Will toxic air force a tax rethink?
Sitapur police arrested 7 members of an inter-district gang for massive GST evasion. Raid recovered Rs 8 lakh cash, digital devices, forged documents. Read the full details.
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.
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The Centre assured Delhi HC it will process a parliamentary panel's recommendation to slash GST on air purifiers, but argued judicial intervention in tax matters is unconstitutional. The next hearing is on March 19.
Chandigarh Municipal Corporation intensifies property tax recovery, targeting residential & commercial defaulters. Officials aim to maximise revenue before fiscal year-end in March.
As India awaits Union Budget 2026 on Feb 1, EY highlights key reforms needed: simplifying TDS, smooth new tax law rollout, and clarity for investors. Read the full analysis.
Tripura High Court rules that honest taxpayers cannot be denied Input Tax Credit if their supplier fails to deposit GST. Landmark judgment protects bona fide transactions from penalty. Read the full analysis.
EY India proposes extending the PLI scheme to AI, space, and robotics. The firm also calls for tax certainty and a customs dispute resolution mechanism in the upcoming FY27 Budget to boost investor confidence.
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India's new Income-tax Act, 2025, replaces the 1961 law with a simplified framework. Experts call for Budget 2026 to ensure smooth transition, rationalize TDS, and boost manufacturing. Read key reforms.
Ahead of Budget 2025, tax expert Dinesh Kanabar advises against substantive changes to the new Income-tax Act 2025, calling for focus on TDS simplification, R&D incentives, and dispute resolution.
Sergey Brin and Larry Page move T-Rex LLC to Delaware as California mulls a 5% billionaire tax. The proposed levy could trigger a capital exodus, warn experts. Read the full story.
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 Centre opposes a PIL to classify air purifiers as medical devices for a lower 5% GST, arguing it will increase compliance and restrict supply. The Delhi High Court urges rate reconsideration amid pollution.
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Income Tax Department's survey uncovers Rs 20 crore interest payment without TDS deduction by a cotton trading company in Chhatrapati Sambhajinagar, leading to recovery of Rs 84 lakh. Learn about TDS compliance.
