Complete Guide to Mutual Fund Taxation in India
Learn how equity, debt & hybrid mutual funds are taxed. Optimise your post-tax returns with this detailed guide on capital gains tax, holding periods, and tax-saving strategies.
Category : Search result: Input Tax Credit
Verify GST Number: A Step-by-Step Guide to Avoid Scams
Learn how to verify a GSTIN in India to prevent fraudulent payments and loss of Input Tax Credit. Follow our simple guide using official government portals.
Thane: 4 Booked for Rs 22 Crore GST Fraud Using Fake Firms
Thane police register a case against four individuals for allegedly creating eight fake GST firms and fraudulently claiming over Rs 22 crore in input tax credit. No arrests made yet. Details inside.
BMC's Rs 10,899-cr tax claim defies Supreme Court order
Mumbai's BMC demands Rs 10,899 crore in property tax using a disputed formula, overriding High Court and Supreme Court orders. 481 properties face inflated bills and threats of coercive action.
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.
Govt owes BMC Rs 3,000+ crore property tax, recovers only Rs 243 cr
RTI data reveals state & central govt bodies in Mumbai owe BMC over Rs 3,000 crore in property tax arrears. Only Rs 243 crore recovered in 5 years, raising burden on citizens. Read full details.
UltraTech Cement to Contest Rs 782 Crore GST Demand Notice
UltraTech Cement receives a Rs 782.2 crore GST demand notice for 2018-2023 period. The company plans to legally challenge the order. Read the full details.
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.
Mysuru sees 83% property tax collection, aims for 100% by 2026
Mysuru's urban bodies, led by MCC, achieve an 83% property tax collection surge. Digital payments, early rebates, and door-to-door drives fuel the success. Discover how the district is boosting civic development.
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.
NRI Tax Guide: Gifting Money & Selling Property
Returned NRI wants to gift money from foreign account to daughter abroad. Also, an NRI selling Dubai property seeks clarity on TDS certificate. Expert explains tax implications.
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.
Lucknow Rolls Out New Property Tax System with Unique IDs
Lucknow Municipal Corporation introduces a new Property Tax Management System (PTMS) with unique 16-digit IDs for all properties. Aimed at boosting transparency and compliance, it links to the Smart City Command Centre. Read more.
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.
Link Credit Card to UPI for Payments When Bank Balance is Low
Running low on bank balance? Learn how to link your credit card to UPI apps like Google Pay, PhonePe for seamless transactions. Step-by-step guide inside.
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.
Plan Your Holiday with Credit Cards: 4 Effective Tips
Discover four strategic ways to use your credit card for holiday planning in India. Learn to manage cash flow, unlock rewards, save on travel, and avoid financial pitfalls. Plan wisely for a stress-free vacation.
Google Pay Launches First Credit Card, Builds Credit Ecosystem
Google Pay shifts from distributing loans to launching its own credit card 'Flex' with Axis Bank. The move aims to serve India's underserved credit market and create a comprehensive financial platform.
Google Pay & Axis Bank Launch UPI Credit Card
Google Pay and Axis Bank launch a new RuPay-powered co-branded credit card, integrating UPI payments with instant rewards and flexible EMI options. Learn more about its features.
Kanpur: 4 held for Rs 37.87 crore GST fraud using fake firms
Kanpur police and tax officials bust a gang that created fake companies to evade GST worth Rs 37.87 crore. Four arrested, laptops and phones seized. Read the full investigation details.
Loan Against Credit Card: Features, Eligibility & Tips
Considering a loan against your credit card? This guide explains its features, eligibility criteria, interest rates, and crucial factors to consider before applying. Make an informed financial decision.
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.
489 Fake GST IDs Found, Rs 3,000 Crore Tax Evasion
Government uncovers 489 bogus GST registrations using forged IDs, evading Rs 3,000 crore. Data analytics drive intensifies against tax fraud networks. Read the full report.
Gunfight in Udhampur's Soan Village, Security Forces on Job
A fierce encounter is ongoing in Jammu and Kashmir's Udhampur district after security forces established contact with terrorists in the Majalta area. Read the latest updates on the operation.
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.
2026 Tax Season: New OBBB Rules, Refund Dates, Tips
Get ready for the 2026 tax season with major changes under the One, Big, Beautiful Bill. Learn about new deductions, refund timelines, and how to file early for faster returns. Essential reading for all taxpayers.
Tax Revenues Jump 30%, But Spending Still Outruns Income
India's tax revenues soared 30% in the first half of FY25, yet government expenditure grew faster, widening the fiscal deficit. Explore the details and implications for the economy.
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.
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