Budget 2026: Old Tax Regime Phase-Out Likely, Say Experts
Finance Minister Nirmala Sitharaman will present Union Budget 2026 on February 1. Tax experts predict a gradual phase-out of the old income tax regime as the new regime gains popularity.
Category : Search result: tax waiver
Direct Tax Collections Up 4.1%, Income Tax Growth Slows
India's gross direct tax collections increased 4.1% to Rs 21.5 lakh crore, with sluggish income tax growth offset by stronger corporate tax performance. Net collections rose 8.8% to Rs 18.4 lakh crore.
Direct Tax Collection Grows 8.82% to Rs 18.38 Lakh Crore
India's net direct tax collection rises 8.82% to over Rs 18.38 lakh crore till Jan 11. Refunds drop 17%. Government aims for Rs 25.20 lakh crore target for FY26. Read the full analysis.
Ajit Pawar unveils NCP manifesto for PCMC polls
Deputy CM Ajit Pawar pledges regular water, tanker-free city & property tax waiver for Pimpri Chinchwad. He also promises free Metro rides and scraps the city's DP. Read key poll promises.
New Income Tax Act 2025: Single 'Tax Year' From April 1
The new Simplified Income Tax Act, 2025, comes into force on April 1, 2026, replacing the old assessment year system with a single 'tax year'. Learn how this major tax reform simplifies compliance for Indian taxpayers.
New Income Tax Act 2025 Effective From April 1
The new Income Tax Act 2025 comes into force on April 1, 2025. Understand the key changes in tax slabs, deductions, and compliance for the upcoming financial year.
Income Tax Act 2025 Replaces 1961 Law from April 1
The Income Tax Act, 2025, replaces the 64-year-old law from April 1. It simplifies rules, reduces litigation, and incorporates Budget 2026-27 changes. Read the full explainer.
Tax Dept Tightens Compliance with 'Nudge' Campaign
India's income tax department launches a 'Nudge' campaign to boost honest reporting as direct tax growth slows to 8%. Learn about the new compliance focus and collection targets.
Chandigarh MC Sends Bulk Notices to Property Tax Defaulters
Chandigarh Municipal Corporation intensifies property tax recovery, targeting residential & commercial defaulters. Officials aim to maximise revenue before fiscal year-end in March.
Gurgaon MCG collects Rs 30 crore tax, seals 55 properties
Gurgaon's MCG accelerates property tax recovery, collecting Rs 30 crore in 1.5 months and sealing 55 properties. The civic body now targets illegal commercial activities in residential areas to boost revenue for city development.
40,000 Prayagraj homes face action for unpaid property tax
Prayagraj Municipal Corporation identifies 40,000 properties with 3-year tax dues. Notices issued; failure to pay may lead to property attachment, water cut. Act now to avoid penalties.
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.
AMC Tax Rebate Gets Strong Response, Rs 24 Cr Collected
Ahmedabad's property tax incentive scheme offers major interest relief. Over 24,000 taxpayers paid Rs 24+ crore in a week. Learn how to benefit before March 31.
Visakhapatnam's GVMC targets ₹600 crore property tax revenue
Greater Visakhapatnam Municipal Corporation collected ₹510 crore in property tax last fiscal. With new assessments and revised structures, it aims for ₹600 crore this year. Read how they plan to achieve it.
NCP (AP) pledges property tax waiver in BMC election manifesto
Sharad Pawar's NCP (AP) releases its manifesto for the 2026 BMC elections, promising a complete property tax waiver for flats up to 500 sq ft and free water. Key details inside.
NCP's BMC Poll Promise: Tax Waiver, 10 Lakh Trees
NCP's 2026 BMC election manifesto pledges property tax waiver for 700 sq ft homes, planting 10 lakh trees, and a 'Safe Mumbai' campaign for women. Read the full plan to transform the city.
Congress Nagpur Polls Manifesto Promises Free Water, Tax Waiver
Congress releases 20-point manifesto for Nagpur civic polls, promising free water, property tax waiver, free bus travel, and English-medium schools. A direct challenge to BJP's development model.
Mohali MC to seal tax defaulters' properties from Jan 7
Mohali Municipal Corporation begins sealing properties of chronic tax defaulters from January 7. Officials warn of strict action for unpaid dues. Read 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 to Save Tax on Sale of Residential Property in India
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.
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.
Sena (UBT)-MNS Alliance Unveils Mumbai Poll Manifesto
The Shiv Sena (UBT)-MNS alliance pledges ₹1,500 monthly aid for women, 100 free power units & property tax waiver for Mumbai ahead of BMC polls on Jan 15. Read key promises.
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.
NMC collects Rs 66 crore from tax defaulters via amnesty scheme
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.
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.
Aaditya Thackeray's BMC Manifesto Promises 1 Lakh Homes
Shiv Sena (UBT) leader Aaditya Thackeray unveils manifesto for BMC polls, pledging one lakh affordable homes, tax relief, and a 24-hour city. Read the key promises.
Punjab OTS Scheme Extended to March 31, 2026
Punjab govt extends OTS scheme deadline to March 2026, offering 100% waiver on interest & penalties for pre-GST disputes. A relief for traders & industry. Apply now!
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.
GMC Waives ₹33.62 Crore in Uncollectable Property Tax
Guntur Municipal Corporation clears ₹33.62 crore from old property tax arrears after a detailed audit. The move aims to clean up records and boost future collection efficiency. Read more.
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