Outdated Tax Rules Burden India's Home Buyers
Falling interest rates fuel home buying, but outdated tax caps on deductions, deferred relief on pre-construction interest, and lapsed benefits create a financial strain. Experts demand urgent reforms.
Category : GST & Taxation
Customs Duty Amnesty Scheme Eyed for 2026-27 Budget
The government may introduce a customs duty amnesty scheme in Budget 2026-27 to resolve Rs 1.52 lakh crore in litigation. Read about the plan to slash duty slabs and fix FTA-related inverted duty structures.
SC exempts off-road industrial equipment from road tax
In a landmark judgment, the Supreme Court ruled that heavy construction and industrial equipment used within premises are not liable for road tax, providing major relief to sectors like cement and mining. Read the full details.
India's Tobacco Tax Reform: Economics Over Morality
India's new tobacco tax policy prioritises economic rationale, addressing healthcare costs and lost productivity. Read the analysis of this critical public health and fiscal decision.
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GST Reductions to Lift FMCG Margins in Q4 FY26: Report
Recent GST rate cuts on key inputs like edible oil and packaging will lower costs for FMCG firms, boosting margins by 200-400 basis points in Q4 FY26, says a CRISIL report.
Congress Leader, Bizman Held in Rs 50+ Crore GST Fraud
Hyderabad DGGI arrests Congress's Balkonda in-charge Muthyala Sunil Kumar & Bengaluru's N Chethan in separate GST fraud cases totaling over Rs 50 crore. Details on the scams and bail.
Income Tax Dept Joins RBI in Warning Against Crypto Risks
India's income tax department warns Parliament about crypto's anonymity and tax evasion risks, joining RBI's opposition. Learn about the regulatory challenges.
MC seals WWICS over tax dues, halts after Rs 4 lakh payment
Municipal Corporation's enforcement drive targets major defaulters like WWICS, leading to panic and swift tax recovery. Officials aim to exceed Rs 55 crore target by March 31. Read more.
Eternal Gets ₹3.69 Crore GST Penalty Notice
Zomato's parent company Eternal faces a ₹3.69 crore GST penalty from West Bengal tax authorities for the 2019-20 period. The firm plans to appeal the order. Details inside.
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How to Claim TCS Refund on Car Purchase Over ₹10 Lakh
Purchased a car above ₹10 lakh and paid 1% TCS? You can claim a refund. Learn eligibility, required documents like Form 27D, and the step-by-step process to get your money back via ITR filing.
Larry Page Moves Business Out of California Before Wealth Tax
Google co-founder Larry Page relocates key business entities from California to Delaware, ahead of a proposed state wealth tax that could cost him over $12 billion. Read about the tech exodus.
Nagpur: Rs 1,300 Cr Undisclosed in 2 Co-op Banks
Income Tax Department uncovers Rs 1,300 crore unreported deposits in Nagpur cooperative banks. Total undisclosed funds now at Rs 9,000 crore. Read the full investigation details.
Two held in Bijnor for Rs 103 crore hawala, GST fraud
Bareilly police arrest two men for a massive Rs 103 crore hawala & GST fraud network targeting artisans. Shell firms, mule accounts used. Details inside.
NRI Tax Burden: Calls for Reform Ahead of Budget 2026
Ahead of Budget 2026, experts urge India to simplify tax compliance for NRIs & foreign investors facing archaic filing rules & TRC hurdles. Read more.
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SC: No Customs Duty on SEZ Electricity, Adani Power Wins Major Case
Supreme Court rules in favour of Adani Power, says government cannot tax SEZ electricity as 'foreign import'. Full refund of duties ordered. Read the full analysis.
Karnataka Expands Stamp Duty Relief on Gift Deeds
Karnataka government expands stamp duty exemption on gift deeds among family members to include commercial and industrial properties, boosting real estate transactions. Learn the new rules and benefits.
Salaried Taxpayers Flagged for Mismatched ITR Claims
Income Tax Department alerts salaried taxpayers over mismatched deductions in ITR and Form 16. Experts advise submitting proofs to employers to avoid scrutiny and delays in refunds. Learn key steps to stay compliant.
Bareilly: Rs 24 Crore Hawala, GST Fraud Racket Busted
Bareilly police crack a major GST fraud and hawala racket involving Rs 24 crore. Two key operatives arrested. Details on the sophisticated scam and ongoing investigation here.
AIMIM, BJP Clash Over GST in Telangana Assembly
A war of words erupted in the Telangana Assembly over the GST Amendment Bill. AIMIM's Akbaruddin Owaisi boycotted, citing economic ruin, while BJP defended the tax regime. Read the full debate.
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145+ Nations Agree on Updated Global Minimum Tax Deal
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.
Retirement Tax Burden Grows for India's Salaried Employees
Recent tax amendments on PF, NPS, and superannuation funds create financial anxiety for India's middle class. Explore the impact and calls for reform.
Arunachal GST up 35.7%, beats national average
Arunachal Pradesh's GST revenue jumps 35.7% to Rs 1,519 crore in Apr-Dec 2025, far exceeding India's 6.8% growth. Discover the drivers behind this economic surge.
NRI Tax on Foreign Income: Key Rules Explained
An OCI cardholder consultant working from India asks if foreign client fees are taxable. Expert explains residential status, FEMA rules, and disclosure requirements. Read more.
How to Save Tax on Sale of Residential Property in India
Many Indians are unaware of capital gains tax on property sale. Learn about long-term vs short-term gains, tax rates, and two legal ways to save tax under Sections 54 and 54EC. Expert advice by Balwant Jain.
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How AI is Reshaping Tax Scrutiny in India
Indian tax authorities deploy generative AI for faster compliance checks and fraud detection. Discover why human oversight remains crucial in this tech-driven shift.
SC Relief for Adani Power in SEZ Customs Duty Case
Supreme Court rules no customs duty on SEZ power supply, orders ₹458 crore refund to Adani Power. Landmark judgment ends decade-long tax dispute. Read the full story.
Rs 1,464 Crore Fake GST Invoicing Racket Busted
Enforcement Wing busts a massive interstate fake invoicing racket involving Rs 1,464 crore in fraudulent transactions for cement, iron, and steel. Read the full investigation details.
Bengaluru Bentley owner probed for Rs 78 lakh tax evasion
A Bengaluru man is under investigation for allegedly forging documents to undervalue his Rs 5.5 crore Bentley Flying Spur, evading nearly Rs 78 lakh in road tax. RTO officials have issued a notice.
Rs 1,464 Crore Fake GST Invoice Racket Busted, 4 Arrested
Karnataka's commercial taxes department busts a massive interstate fake invoice scam worth Rs 1,464 crore. Four arrested in simultaneous raids across two states. Details inside.
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Tobacco Tax Hike Could Spur Smuggling, Warn Experts
A sharp increase in excise duty on cigarettes, effective Feb 1, 2026, may trigger a surge in illicit trade and cause revenue losses, experts caution. Read more.
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