Sebi's MF Gifting Rule Opens Massive Tax Savings
Sebi's new rule allows easy gifting of mutual fund units, enabling massive tax savings for families. Learn how to transfer units without triggering capital gains tax.
Category : GST & Taxation
New Health Cess Bill for Tobacco Products in India
Finance Minister Nirmala Sitharaman introduces new cess bill to maintain tobacco taxes after GST compensation cess expires. Key move to protect public health and revenue.
New Taxes on Sin Goods: Health Cess Bill 2025
Finance Minister Nirmala Sitharaman to introduce two bills imposing new taxes on demerit goods. Learn how this affects prices and public health policy.
New Health Cess on Tobacco, Pan Masala Post-GST
Indian government introduces new health and security cess on tobacco and pan masala to maintain prices after GST compensation phaseout. Bill to be presented in Lok Sabha.
Last Window for Foreign Asset Disclosure Closing
Indian taxpayers must accurately report foreign assets and income through Schedule FA and FSI by November 30, 2025, under Black Money Act compliance requirements.
Switzerland rejects 50% inheritance tax on wealthy
Swiss voters overwhelmingly rejected a 50% inheritance tax on fortunes over 50 million francs. The proposal aimed to fund climate projects but faced strong opposition.
Fuel Prices Today: Petrol & Diesel Rates Stable
Check today's petrol and diesel prices in Delhi, Mumbai, Kolkata, Chennai. Learn about daily fuel price revision system and factors affecting rates. Stay informed!
Ahmedabad GST Bust: Rs 800 Crore Fake Invoice Racket
Ahmedabad DGGI uncovers massive Rs 800 crore fake GST invoicing network across 3 cases. Four key conspirators arrested in major crackdown on economic fraud. Read the full investigation details.
J&K HC: Cross-LoC Trade is Intra-State, Not Import
Jammu and Kashmir High Court declares cross-LoC trade as intra-state commerce, rejecting import-export classification. Landmark ruling affirms PoK as Indian territory with GST implications.
Tax Regime Changes: No 80C on Small Savings Schemes
Taxpayers under new regime lose Section 80C deductions for PPF, NSC, SCSS & KVP. Compare interest rates, tax benefits with FDs for informed investment decisions.
Patna Waives 100% Interest on Property Tax Till 2026
Patna Municipal Corporation announces a full waiver on interest and penalties for property tax defaulters. Pay only the principal amount by March 31, 2026. Clear your dues now!
Coimbatore Police Seizes Rs 40 Lakh from Scooter
Coimbatore police intercepted a scooter, seizing Rs 40 lakh in cash. The rider, an employee of a Kerala jewellery store, lacked documentation. Income Tax Department investigates.
IT Dept's Foreign Assets Disclosure Campaign Targets 25,000
Income Tax Department launches second NUDGE campaign targeting 25,000 high-risk cases with overseas assets. Taxpayers advised to disclose foreign income by Dec 31 to avoid heavy penalties under Black Money Act.
IT Dept's New Campaign for Overseas Assets Disclosure
Income Tax Department launches second NUDGE campaign targeting 25,000 high-risk cases with overseas assets. Taxpayers must disclose foreign assets by Dec 31 to avoid heavy penalties under Black Money Act.
Income Tax Refund Delays for High-Value Claims Explained
CBDT Chairman confirms IT refund delays for claims above ₹50,000 due to wrongful deduction analysis. Learn how to track refund status and claim 6% interest.
Hyderabad Biryani Chains in Rs 600 Crore Tax Evasion
Income Tax department uncovers massive tax evasion network in Hyderabad's biryani industry. Rs 600 crore unaccounted income detected across Pista House, Shah Ghouse, and Mehfil chains.
IT Dept's New Nudge Campaign on Foreign Assets
Income Tax Department launches campaign targeting 25,000 high-risk assessees for undisclosed foreign income & assets. Disclose by Dec to avoid heavy penalties under Black Money Act.
IT Dept Identifies High-Risk Foreign Asset Cases
Income Tax department identifies high-risk cases of unreported foreign assets. Taxpayers must file revised returns by Dec 31, 2025 to avoid penalties. Act now!
Taxpayers Disclose ₹29,208 Crore Foreign Assets After I-T Nudge
Income Tax Department's initiative prompts 24,678 taxpayers to disclose foreign assets worth ₹29,208 crore and foreign income of ₹1,089 crore. Learn how this compliance drive is reshaping tax transparency.
GST Reforms Boost Consumption and Economic Growth
India's GST rate rationalization drives consumption growth while economy maintains momentum despite global trade uncertainties. Finance Ministry reports positive outlook.
ITR Refund Delayed? Reasons and Faster Processing Tips
Still waiting for your income tax refund? Discover the 7 main reasons for ITR refund delays and learn actionable steps to get your money faster. Complete guide for taxpayers.
Taxpayer Base Grows 17%, Return Filings Lag: CBDT Data
India's taxpayer base surged to 116.1 million in AY 2024-25, but only 8.08 million filed returns. Expanding TDS system drives growth while compliance gap widens significantly.
Check Your Income Tax Refund Status with PAN
Learn the simple steps to track your income tax refund status online using your PAN card. Ensure your ITR is e-verified for a smooth refund process. Act now!
Cuttack housing project faces Rs 10 crore GST liability
A major Cuttack housing project developed with CDA faces a Rs 10 crore GST liability probe over unpaid tax on development rights transfer. DGGI now investigating.
Income Tax Refund 2025: How to Check Status Online
Waiting for your income tax refund? Learn when you'll receive it and follow our step-by-step guide to check your refund status online. Get your money faster with these simple methods.
ITR Refund Delay: CBDT Reveals Reason, December Release Expected
CBDT Chairman explains income tax refund delays for FY 2024-25 due to wrongful deduction analysis. Taxpayers can expect refunds by December. Check your ITR status now.
Capital Gains Accounts Scheme Updated with Digital Features
India's Finance Ministry revamps CGAS with private banks, UPI payments & online account closure from April 2027. Learn how taxpayers can save capital gains tax with new digital facilities.
Ludhiana Industries Demand Automated GST Refunds
Ludhiana manufacturers face a working capital crisis due to prolonged GST refund delays exacerbated by a steep inverted duty structure. Industry demands an automated system for timely refunds to prevent business closures.
GST Council Moves to Fix Inverted Duty Structures
GST Council addresses inverted duty anomalies affecting industries like textiles and railways. Learn how this impacts businesses and the economy. Read more about GST reforms.
YouTuber Arrested for Ferrari Tax Evasion: Full Story
Popular YouTuber Cody WhistlinDiesel reveals arrest for $30,000 Ferrari F8 sales tax evasion. The car was destroyed in 2023 but tax issues persisted. Read shocking details.
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