Category : Search result: Indian Act tax exemption


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.

IRS 2026 Tax Filing Season Begins: New Rules Apply

The IRS has opened the 2026 tax filing season. Learn about key changes from the One, Big, Beautiful Bill, new forms like Schedule 1-A, and tips for filing your 2025 returns before the April 15 deadline.

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.

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.

TN Extends 100% EV Road Tax Exemption for 2 Years

Tamil Nadu extends 100% road tax exemption for EVs until 2027 to boost adoption and manufacturing. Experts hail the move as crucial for affordability and policy continuity in the state's EV push.

Save Tax on Gold, Stock Gains with Section 54F

Learn how Section 54F of the Income Tax Act allows Indians to save on long-term capital gains tax by reinvesting in a residential property. Key conditions and timelines explained.

Sena UBT-MNS promise Rs 1500 aid for women domestic workers

Shiv Sena (UBT) and MNS alliance unveils key BMC poll promises: Rs 1,500 monthly aid for women domestic workers, property tax relief for homes up to 700 sq ft, and youth self-employment schemes. Read their full roadmap for Mumbai.

TN EV Tax Exemption Extended to Dec 2027

Tamil Nadu continues its 100% motor vehicle tax waiver for battery-operated vehicles till Dec 2027, boosting EV adoption and manufacturing. Read more about the state's green push.

Saudi Arabia's new sugar tax on beverages starts Jan 1

Saudi Arabia replaces its 50% flat tax with a four-tier excise duty based on sugar content from January 1, aiming to cut consumption. The UAE will implement a similar system in 2026. Read how this GCC health move affects prices.

Gurgaon MCG seals 7 properties for Rs 1.8 crore tax dues

MCG Gurgaon sealed seven properties for non-payment of Rs 1.8 crore in property tax. The drive, led by Zonal Taxation Officer Pankaj Kumar, resulted in a single-day collection of Rs 7 crore. Read more about the crackdown and the use of AI to boost revenue

Dal Mills Urge MP Govt to Scrap Mandi Tax on Pulses

All India Dal Mill Association appeals to Madhya Pradesh government for mandi tax exemption on raw pulses for MSME mills, warning of industry decline due to rising costs and unfair competition.

Brockman estate pays $750M in tax fraud settlement

The estate of Robert Brockman settles the biggest US individual tax fraud case, agreeing to pay $750 million in back taxes and penalties. Details on the $2 billion offshore empire revealed.

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