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.
Category : Search result: wealth tax exodus
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.
Nvidia CEO Huang: 'Perfectly Fine' with Billionaire Tax
Nvidia CEO Jensen Huang says he's 'perfectly fine' with California's proposed billionaire tax, which could cost him over $7.8 billion. He values Silicon Valley's talent over taxes. Read the full story.
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.
Indian-Origin Wealth in UK Jumps £57.7bn in 10 Years
A new study reveals a massive £57.7 billion surge in wealth among Indian-origin adults in the UK over the past decade. Discover the key drivers and what this means for the community's economic influence.
Larry Page Moves Business Out of California Before Wealth Tax
Google co-founder Larry Page relocates key business entities from California to Delaware, ahead of a proposed state wealth tax that could cost him over $12 billion. Read about the tech exodus.
UK Wealth Gap Widens: Indians Gain, Pakistanis Lose
A new LSE report reveals a stark ethnic wealth divide in Britain. Indian and white British groups saw substantial gains, while Pakistani, Bangladeshi, and Black groups lagged far behind. Explore the data and implications.
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.
David Sacks: Miami, Austin to Replace NYC, SF as US Hubs
White House AI czar David Sacks predicts Miami will replace New York as America's finance capital and Austin will dethrone San Francisco as the tech hub. Read about the tax exodus driving this shift.
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.
David Sacks Leaves California for Texas Over Wealth Tax
Venture capitalist David Sacks, Trump's crypto advisor, relocates to Texas, criticising California's proposed wealth tax. Tech titans Elon Musk and Michael Dell welcome him. Read his full argument for tech's geographical diversification.
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.
Billionaire Tax Row: Indian-Origin VC Questions California Drama
Indian-origin VC Asha Jadeja Motwani questions the uproar over California's proposed billionaire wealth tax, as tech giants like Larry Page consider leaving. Read the full analysis.
Billionaire may leave California over proposed wealth tax
Sri Lankan-origin billionaire Chamath Palihapitiya warns of a talent exodus from California due to a proposed 'billionaire tax'. Read about the potential impact on Silicon Valley.
Indian-origin billionaire may leave California over tax
Indian-origin billionaire Chamath Palihapitiya considers leaving California, criticising the proposed 'billionaire tax'. Read about the potential exodus of tech founders.
Billionaires flee California over proposed wealth tax
Top tech billionaires like Larry Page and David Sacks are leaving California to escape a proposed 5% wealth tax, potentially costing the state billions. Read about the exodus and its impact.
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.
Musk Slams California Wealth Tax, Defends Stock Wealth
Elon Musk joins the debate on California's proposed wealth tax, arguing his Tesla and SpaceX shares represent real value creation. Tech leaders warn of a billionaire exodus.
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.
Billionaire Tax Act Could Trigger Capital Flight from California
Elite attorney Alex Spiro warns Governor Gavin Newsom that California's proposed wealth tax will cause a mass exodus of billionaires and innovation. Read the full legal and economic analysis.
Tech Titans Thiel, Page May Exit California Over Wealth Tax
Billionaires Peter Thiel and Larry Page plan to leave California fearing a proposed 5% wealth tax. Read how this could trigger a mass exodus of tech talent from Silicon Valley.
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