Student loan forgiveness to be taxed from 2026
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.
Category : Search result: condom tax China
China Taxes Condoms to Reverse Population Decline
China imposes a 13% VAT on condoms and contraceptive pills, ending a three-decade exemption. This policy shift aims to counter a deepening demographic crisis as births hit record lows. Read the full analysis.
China's Contraceptive Tax: Limits of Pro-Birth Policies
China introduces a new 'contraceptive tax' to boost birth rates. We explain the policy's details, its economic logic, and why experts doubt its effectiveness. Read more.
China Scraps Tax on Condoms to Boost Births
China removes taxes on condoms and contraceptive drugs in a major policy shift to address its declining population. Learn how decades of the one-child policy led to this reversal.
China Scraps Birth Control Tax Break Amid Population Crisis
China has removed a 30-year tax exemption on contraceptives, imposing a 13% VAT. This policy reversal aims to tackle a declining birth rate and ageing population. Explore the details and historical context.
China Raises Condom Prices to Encourage More Children
China is reportedly increasing condom prices as part of a strategy to reverse its declining birth rate. Experts debate the effectiveness of this controversial policy. Read more.
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.
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.
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.
2025 Tax Reforms: New Regime, Crypto Rules, GST Slabs
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'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
Last Date for Revised ITR is Dec 31: Key Steps
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.
Cupid Limited Board Approves FMCG Facility in Saudi Arabia
Cupid Limited receives in-principle board approval to establish an FMCG manufacturing unit in Saudi Arabia, marking a major international expansion for the Indian condom maker.
California Wealth Tax Sparks Silicon Valley Exodus Fears
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 Wants to Decriminalise Income Tax Offences
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's New Digital Property Tax System Boosts Transparency
Lucknow Municipal Corporation launches Property Tax Management System (PTMS) for transparent, digital assessment. Ends harassment, ensures accurate calculation. Learn how it affects you.
China's Week: US Report, Economic Woes, K-Pop Thaw
A deep dive into China's week: US DoD report on Arunachal, sanctions on US firms, falling industrial profits, and the potential return of K-pop. Key developments explained.
Analysis Exposes Deepening Structural Crisis in China's Economy
A new report shatters the illusion of China's economic resilience, revealing a deepening structural crisis driven by debt, property collapse, and demographic decline. What does this mean for global markets? Read the full analysis.
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.
New Simplified Income Tax Act 2025 Takes Effect April 1
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.
New Tax Regime: PPF Holds Ground, ELSS Loses Appeal
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.
Indian Travel Vlogger Held in China Over Arunachal Pradesh Comment
Indian travel YouTuber Anant Mittal was detained for 15 hours by Chinese immigration after calling Arunachal Pradesh 'India'. The incident highlights risks for Indians in China. Read the full story.
US Report: China Lists Arunachal as Core Interest with Taiwan
A new Pentagon report to US Congress reveals China now treats Arunachal Pradesh as a 'core interest' like Taiwan, amid deepening China-Pakistan military ties. Read the full analysis.
ITR Processing Deadline: CPC Must Finish by Dec 31, 2026
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.
ITR Refund on Hold? I-T Dept's SMS Sparks Concern
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.
IT Refunds on Hold: Tax Dept Flags Mismatches in ITR Filing
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.
MCG Seals 15 Properties of Tax Defaulters in Gurugram
The Municipal Corporation of Gurugram (MCG) sealed 15 commercial properties for property tax default, recovering over ₹1.5 crore. The crackdown targets major defaulters across the city.
3.6 Million Indians Update Tax Returns Before Dec 31 Deadline
India sees a surge in voluntary tax compliance with 3.6 million individuals revising returns. CBDT's NUDGE campaign urges corrections before the December 31 deadline to avoid penalties.
3rd National Indirect Tax Moot Court Competition Concludes
The 3rd National Indirect Tax Moot Court Competition 2024, organized by the Chamber of Tax Consultants, concluded successfully in Delhi. The event aimed to hone the skills of future indirect tax professionals. Read more about the winners and key insights.
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