US States with Highest Median Household Income 2024
Discover the top 10 wealthiest US states by median household income in 2024, from Massachusetts at $104,828 to Connecticut. Explore the economic drivers behind their success.
Category : Search result: Income Tax Act Section 172
Pakistan U-19 Lift Asia Cup, Beat India by 191 Runs in Final
Pakistan U-19 cricket team dominated India by 191 runs in the Asia Cup final in Dubai. Sameer Minhas smashed a record 172, leading Pakistan to a massive total of 347/8. Read the full match report and analysis.
5 Tax-Saving Strategies for Retirees in 2025
Discover five proven strategies to legally lower your tax bill in retirement. Learn about Roth conversions, Social Security taxation, and new deductions for seniors in 2025.
Pakistan Beat India in U19 Asia Cup Final, Minhas Scores 172
Pakistan clinched the U19 Asia Cup title, defeating India by a large margin. Teen prodigy Vaibhav Sooryavanshi's struggles continued as India faltered chasing 348. Read the full match report.
CBDT Clarifies Section 80G Donation Rules via New FAQs
Income Tax Department issues detailed FAQs on claiming 80G deductions. Learn the verification process, eligible donations, and key conditions for taxpayers in the old regime.
Corporate Tax Growth Hits 7.5%, Overtakes Personal Tax
India's corporate tax collections grew 7.5% to Rs 9.94 lakh crore by mid-December, surpassing personal income tax growth. Net direct tax kitty crosses Rs 17 lakh crore. Read the full analysis.
Direct Tax Collection at ₹17 Trillion, Growth Slows to 8%
India's net direct tax revenue rose 8% to ₹17 trillion in April-December, missing the 13% target. Personal income tax growth slowed due to new slab rates. Can the government meet its full-year goal?
Net Direct Tax Collection Grows 8% to Rs 17.04 Lakh Crore
India's net direct tax collection for FY25 grows 8% to Rs 17.04 lakh crore. Gross collections surge 24% to Rs 19.45 lakh crore, while refunds slow. Read the full analysis.
Direct Tax Collections Up 8%, Refunds Down 13.5%
India's net direct tax collections grew 8% to Rs 17.05 lakh crore till Dec 17, boosted by a sharp 13.5% fall in refunds. Advance tax up 4.27%. Read the full analysis.
VMC Pauses Coercive Action on Temples After Seers' Protest
Varanasi Municipal Corporation assures no coercive action against religious sites after seers protest integrated tax bills. Commissioner clarifies tax exemptions for charitable institutions.
Income Tax Dept: Recent Notices Are Advisory, Not Enforcement
The Income Tax Department clarifies recent taxpayer communications are for voluntary compliance. Review your AIS and respond via the Compliance Portal by Dec 31, 2025, if needed.
Missed 15 Dec Advance Tax? Know Penalty & Rules
Third advance tax instalment for FY 2025-26 due 15 Dec. Missing it attracts interest under Section 234C. Know calculation, exemptions for seniors, and how to pay by March.
ITAT Restores NRI Appeal After 621-Day Email Error
Ahmedabad ITAT restores an NRI's tax appeal despite a 621-day delay, citing notices sent to a wrong email address. The ruling highlights the need for accuracy in the faceless appeals process. Read more.
Advance Tax Rules: Exemptions, Deadlines for FY 2025-26
Understand India's advance tax rules for FY 2025-26. Know payment deadlines, key exemptions for senior citizens & salaried, and how to avoid penal interest. Plan your taxes now.
Experts Debunk Trump's Plan to Replace Income Tax with Tariffs
Donald Trump claims global tariffs can replace US income tax. Experts and Treasury data reveal a multi-trillion dollar gap, calling the idea 'nonsensical' and economically risky. Read the full analysis.
I-T probes Hyderabad biryani chain suppliers in tax evasion case
Income Tax department expands Hyderabad biryani tax evasion probe to rice & meat suppliers. Officials uncover weight manipulation & ₹600 crore unaccounted income. Read the full investigation details.
How Marriage & Divorce Affect Your Income Tax in India
A complete guide to Indian tax laws on wedding gifts, clubbing of spouse & minor's income, and alimony taxation. Learn key exemptions and avoid penalties.
Advance Tax Deadline 15 Dec: Rules & Penalties
The 15 December advance tax deadline is approaching. Learn who must pay, the instalment schedule, and the interest penalty for missing the due date. Act now to avoid fines.
ITAT Rules WhatsApp Chats Need Corroboration for Tax Cases
Indian courts are pushing back against tax investigations relying solely on WhatsApp chats. Recent ITAT rulings mandate independent proof like documents or cash trails for digital evidence to be valid. Read the full analysis.
Ghaziabad property tax rebate extended to Dec 31
Ghaziabad Municipal Corporation extends the 20% property tax rebate deadline to December 31. After that, rebates will reduce in phases. Over 5.5 lakh taxpayers in the city are affected.
NRI Gifting Shares to Father: No Tax in India
An NRI in Dubai asks if gifting unlisted company shares to his father in India attracts tax. A CA explains the capital gains and DTAA implications for NRIs. Read for expert advice.
How to Avoid Heavy Penalty for Late ITR Filing
Missed your income tax return deadline? Learn about the condonation of delay under Section 119(2)(b) to avoid penalties up to 70%. A step-by-step guide for Indian taxpayers.
UAE Announces Major Tax Amendments Effective January 2026
The UAE has unveiled key tax amendments effective January 2026, simplifying refunds and boosting FTA powers. Learn what this means for businesses and taxpayers.
Access Your Form 26AS: Complete Step-by-Step Guide
Learn how to easily view and download your Form 26AS from the Income Tax portal. This essential document helps verify all your tax deductions and payments. Follow our simple guide now!
UAE Tax Law Amendments Effective January 2026
UAE introduces major tax procedure reforms from January 2026, including 5-year refund claims, expanded FTA powers, and R&D tax credits. Learn how these changes impact businesses.
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!
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.
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.
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