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.
Indian tax authorities deploy generative AI for faster compliance checks and fraud detection. Discover why human oversight remains crucial in this tech-driven shift.
Essential weekly current affairs for UPSC 2026 prep. Covers US capture of Venezuela's Maduro, Bulgaria joining Eurozone, EU's CBAM, INSV Kaundinya, Galaxy frogs, and key MCQs. Stay ahead in your Prelims and Mains.
The EU's carbon tax, CBAM, is now live, slashing India's steel exports. To compete, India must fast-track green hydrogen and carbon pricing or lose global markets. Read the strategic path forward.
EU's new carbon border tax (CBAM) effective Jan 1 shifts decarbonisation costs to developing nations like India. CSE analysis warns of 25% price burden on steel, aluminium exports. Read more.
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.
Nashik Municipal Corporation's amnesty scheme recovers Rs 66 crore from 86,000 defaulters, boosting total property tax collection to Rs 208 crore. Officials confident of meeting Rs 275 crore annual target. Read more.
Millions of US student loan borrowers may face large federal tax bills from 2026 as a key tax exemption expires. Learn about the impact and how to prepare.
The EU's new Carbon Border Tax (CBAM) could slash Indian exporters' margins by 16-22%. India must address this in FTA talks and boost domestic green production. Read the full analysis.
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.
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.
The EU's CBAM carbon tax is now live, threatening Indian steel & aluminium exports with price cuts up to 22%. Experts warn of high compliance costs & MSME impact.
Congress leader Jairam Ramesh calls for India-EU Free Trade Agreement to counter EU's Carbon Border Adjustment Mechanism, protecting Indian exports. Key negotiations ahead.
Indian steel and aluminium exports to the EU will face a carbon-linked cost from 2026 under CBAM. GTRI report warns of 15-22% price cuts for competitiveness, disproportionately impacting MSMEs. Learn the key compliance challenges.
Indian steel and aluminium exports to the EU face a 15-22% price cut from 2026 due to CBAM. MSMEs risk being pushed out of supply chains without verified emissions data. Read the full analysis.
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.
India's 2025 tax reforms reshaped personal income tax, GST, and crypto rules. Explore key changes in slabs, compliance, and the new Income-tax Act 2025. Read more.
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.
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
Taxpayers can file revised ITR until Dec 31, 2025 for AY 2025-26. Learn how to check your refund status online and understand common reasons for processing delays.
Anduril's Palmer Luckey warns California's proposed 5% billionaire wealth tax could force asset sales and home seizures. Tech elite like Peter Thiel consider leaving. Read the full analysis.
NITI Aayog's new paper recommends decriminalising many income tax offences to shift from fear to trust-based compliance. Could this reform boost investment and ease business?
Lucknow Municipal Corporation launches Property Tax Management System (PTMS) for transparent, digital assessment. Ends harassment, ensures accurate calculation. Learn how it affects you.
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.
India's new Income Tax Act, 2025, replaces the 1961 law from April 1, aiming for a simplified tax regime. Read about the key changes and implications.
As India's new tax regime becomes the default, savers are ditching ELSS for PPF and index funds. Discover why tax-saving discipline is shifting and how to invest wisely.
India's new carbon market framework aims to enhance measurability and pricing, helping exporters align with global standards. Will this pivot accelerate the nation's climate goals? Read our analysis.
The Income Tax Department's CPC has a strict deadline to process ITRs. If missed, your filed return is deemed accepted. Learn how to claim your refund if delayed.
Income Tax Dept sends bulk SMS/emails about refunds on hold due to mismatched ITR details. Taxpayers must file revised return by Dec 31. Learn how to fix errors.
Many taxpayers report receiving emails/SMS from the Income Tax Department stating their refunds are on hold due to discrepancies. The deadline to file a revised ITR for AY 2025-26 is December 31, 2024. Get clarity on the issue.