Budget 2026: Old Tax Regime Phase-Out Likely, Say Experts
Finance Minister Nirmala Sitharaman will present Union Budget 2026 on February 1. Tax experts predict a gradual phase-out of the old income tax regime as the new regime gains popularity.
Category : Search result: GCC excise tax
Direct Tax Collections Up 4.1%, Income Tax Growth Slows
India's gross direct tax collections increased 4.1% to Rs 21.5 lakh crore, with sluggish income tax growth offset by stronger corporate tax performance. Net collections rose 8.8% to Rs 18.4 lakh crore.
Direct Tax Collection Grows 8.82% to Rs 18.38 Lakh Crore
India's net direct tax collection rises 8.82% to over Rs 18.38 lakh crore till Jan 11. Refunds drop 17%. Government aims for Rs 25.20 lakh crore target for FY26. Read the full analysis.
Karnataka Excise Licences Increase to 14,101 in 2025
Karnataka's excise licences grew to 14,101 in 2025, driven by demand from hotels and clubs. Bengaluru divisions dominate retail licences, while RVB permits surge due to keg beer popularity.
New Income Tax Act 2025: Single 'Tax Year' From April 1
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.
New Income Tax Act 2025 Effective From April 1
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.
Income Tax Act 2025 Replaces 1961 Law from April 1
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.
Tax Dept Tightens Compliance with 'Nudge' Campaign
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.
Chandigarh MC Sends Bulk Notices to Property Tax Defaulters
Chandigarh Municipal Corporation intensifies property tax recovery, targeting residential & commercial defaulters. Officials aim to maximise revenue before fiscal year-end in March.
Gurgaon MCG collects Rs 30 crore tax, seals 55 properties
Gurgaon's MCG accelerates property tax recovery, collecting Rs 30 crore in 1.5 months and sealing 55 properties. The civic body now targets illegal commercial activities in residential areas to boost revenue for city development.
40,000 Prayagraj homes face action for unpaid property tax
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.
Jaipur: 27 liquor shops sealed, owners protest
Jaipur's excise department sealed 27 liquor shops for alleged violations. Owners claim arbitrary action, saying they met sales targets. Read the full details of the dispute.
MCG Recovers ₹295 Crore in Property Tax from Defaulters
The Municipal Corporation of Gurugram has successfully recovered ₹295 crore in outstanding property tax from defaulters in 2025 through a special recovery drive. Discover how the civic body is boosting its revenue.
Ludhiana Excise Dept Fines 13 Eateries for Illegal Liquor
Ludhiana's Excise Department has intensified its crackdown on eateries illegally serving liquor. 13 establishments fined over ₹1.5 lakh in recent raids. Details inside.
Dhaba owner booked for illegal liquor service in Mohali
Mohali Excise Department intensifies enforcement drive, books dhaba owner for openly serving liquor. Read the full details of the crackdown on Kharar-Landran Road.
GCC Leadership Rewritten with Deep Engineering, AI Mandate
Global Capability Centres in India are rapidly replacing leaders to prioritize deep engineering and AI expertise, moving beyond cost-saving roles to own global tech outcomes. Explore the major leadership reshuffle.
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.
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.
Tobacco Farmers in South India Protest Excise Duty Hike
Tobacco farmers in Karnataka and Andhra Pradesh warn the Central Excise (Amendment) Bill, 2025 will devastate livelihoods and boost illegal trade. Read their urgent plea to the government.
Illegal Mohali Nightclub Busted, 86 Liquor Bottles Seized
Excise department busts an illegal nightclub in Mohali's Sector 79, seizing 86 liquor bottles. Case registered against owner. Read details of the enforcement drive.
Cigarette Prices to Rise from February 1
Cigarettes to cost more as new excise duty and 40% GST kick in from February 1. Check the new price slabs and tax changes for all tobacco products.
Noida's NYE liquor spend hits Rs 17 crore, a 3-year high
Noida's liquor sales soared to Rs 17 crore on Dec 31, 2025, marking a 22% jump from last year. Beer consumption saw the sharpest rise. Discover the festive spending trends that boosted excise revenue.
Noida Excise Dept Probes CSD Liquor Misuse at Army Club
Noida Excise Department launches inquiry after complaint alleges Arun Vihar club served subsidised CSD liquor illegally. Club denies charges. Full investigation underway.
Mangaluru Liquor Market Steady, Beer Sales Dip in Dec
Dakshina Kannada's liquor market held steady in December 2025. IMFL sales saw marginal growth of 127 boxes, while beer consumption fell by 2,795 boxes. Read the full analysis of local trends and factors.
Punjab Tax Dues Scheme Deadline Extended to March 31
Punjab government extends deadline for its 'Settlement of Arrears of Tax Dues Scheme' to March 31, 2025. Traders get more time to clear pending dues with significant concessions. Act now to benefit!
Govt Debunks 85% Tax on ₹10 Lakh Bank Transactions
PIB Fact Check refutes viral social media claim of an 85% tax on transactions over ₹10 lakh. No such tax exists. Read details on the new Income Tax Act 2025 and its simplified rules.
Tobacco Makers Must Install CCTV, Keep Footage for 24 Months
India mandates CCTV installation in tobacco factories from Feb 1, 2026. Footage must be preserved for 24 months. New excise rules also clarify duty on tins and other forms. Details inside.
Tax Regime Choice Impacts Your Tax Outgo Significantly
With the new tax regime as default, choosing wrongly can lead to higher tax payments. Experts explain key factors like HRA, deductions, and documentation to consider for optimal tax planning in India.
GCCs in India Add 150,000+ Talent, 50 New Centres in 2025
India's Global Capability Centres see massive growth, adding over 150,000 professionals and 50 new centres in first half of 2025, per Zinnov report. Explore the booming GCC landscape.
India's 2026 Tax Overhaul: Predictability & Tech at Core
India's 2026 tax landscape is set for a major shift towards predictability and technology. Explore the key reforms in Income Tax, GST 2.0, and dispute resolution that aim to build taxpayer trust.
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