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.
Category : GST & Taxation
Direct Tax Mop-Up Reaches Rs 18.4 Lakh Crore Till Jan 11
India's net direct tax collection surged 9% to Rs 18.4 lakh crore by January 11, 2026, driven by robust corporate and personal income tax inflows. Discover the breakdown and what it means for the economy.
Direct Tax Mop-Up Hits ₹18.37 Trillion, Up 8.8% YoY
India's direct tax collections rise 8.8% year-on-year to ₹18.37 trillion as of mid-January 2026, according to latest CBDT data. Get the full details and analysis here.
ESOP Tax Clarity Needed in Budget 2026: Deloitte
Uncertain tax rules on ESOPs cause disputes for companies and globally mobile employees. Experts urge Budget 2026 to clarify deductions and cross-border taxation. Read more.
NRI Tax on Gold ETF Sale: Key Implications
An NRI from Hong Kong selling Gold ETF after 3 years faces 12.5% LTCG tax in India. No ₹1.25 lakh exemption applies. Understand the DTAA impact.
GST Inspector Named in Rs 100 Crore Evasion Case
A Central GST inspector is accused in a Rs 100 crore tax fraud involving fake firms and e-way bills in Ghaziabad. The STF has arrested four, with the inspector absconding. Read the full investigation details.
ITR Refund Delays: Key Reasons and Steps to Take
Many taxpayers face ITR refund delays due to verification issues and mismatches. Learn the main causes and the steps you should take to resolve the issue and track your refund status effectively.
Income Tax Dept's Nudge Campaign: A New Compliance Era
India's Income Tax Department is using behavioural 'nudge' campaigns to improve tax compliance, moving beyond traditional notices. Discover how this innovative approach is changing taxpayer behaviour.
BMW India CEO: Keep GST on electric vehicles untouched
BMW Group India CEO Hardeep Singh Brar calls for stable GST on electric vehicles amid policy shifts. The German automaker remains committed to expanding India's luxury EV market. Read more.
Taxpayers Seek Clarity on Old Tax Regime's Future
Millions of Indian taxpayers await government clarity on the continuation of the old income tax regime beyond March 2025. Experts urge proactive communication to aid financial planning. Read more for details.
I-T attaches ₹5 Cr benami properties of ex-MLA's daughter
Hyderabad I-T's Benami Prohibition Unit attaches 8 properties worth ₹5 crore registered in ex-MLA's daughter's name. Probe reveals cash transactions, owner unaware. Details inside.
GST Inspector Named in Rs 100 Crore Tax Fraud Case
A Central GST inspector is accused of colluding in a Rs 100 crore tax evasion racket involving shell firms. The STF probe reveals deep corruption and more arrests are likely. Read the full investigation details.
Google Founders Leave California Before Wealth Tax
Sergey Brin and Larry Page relocate from California, avoiding a proposed wealth tax that could have confiscated 50% of their Alphabet holdings. Experts call it a legal trap for tech founders.
Tax Experts Warn Against Higher Surcharge in Budget
Tax experts caution government against raising income tax surcharge or reintroducing wealth tax in Budget 2026-27, warning of capital flight and impact on investment. Read the full analysis.
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.
Fertilizer Body Seeks 5% GST, Faster Refunds in Budget
Ahead of the Union Budget, the Indian Micro-Fertilizers Manufacturers Association pushes for uniform 5% GST on all fertilizers, quicker refunds, and a single national license to boost the sector.
States raise GST revenue loss, fiscal powers at pre-budget meet
State finance ministers highlighted revenue losses from GST rationalisation and erosion of fiscal powers in a meeting with FM Sitharaman. They sought 50-year loans and equitable funding for schemes.
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.
ITAT denies Flipkart's Binny Bansal non-resident tax claim
The Bengaluru ITAT dismissed Flipkart co-founder Binny Bansal's claim for India-Singapore tax treaty benefits, ruling him a resident for tax purposes. Read the full details of the 189-page order.
Hyderabad Firm MD Held in ₹5.83 Crore GST Fraud Case
DGGI Visakhapatnam arrests Hyderabad telecom firm's MD for ₹5.83 crore fraudulent Input Tax Credit using fake invoices. Read the full investigation details.
Two Delhi men held for Rs 25 crore GST evasion in Agra
Two men from Delhi arrested for a massive GST fraud scheme involving fake firms and tax evasion of Rs 25 crore. Police recover phones, laptop, and documents. Read the full investigation details.
Karnataka Seeks 50% Share in Tobacco, Pan Masala Duty
Karnataka Finance Minister Byre Gowda urges the Centre for a 50% share in tax revenue from tobacco and pan masala, citing fiscal pressures from GST, urbanization, and climate shocks. Read more.
Vehicle Sales Boom in Jharkhand After GST Reduction
Jharkhand witnesses a dramatic rise in vehicle sales post-GST cut. Two-wheeler sales jump 97.73% in Oct 2025 vs 2024. Dealers expand hiring as state revenue grows. Full report inside.
Karnataka Seeks Centre Help Over Rs 9,000 Cr GST Shortfall
Karnataka Minister Krishna Byre Gowda urges the Centre to address the state's 'shrinking fiscal space' due to a massive GST revenue shortfall, ahead of the Union Budget. Details inside.
Legal Battle Over 18% GST on Air Purifiers in Delhi HC
Delhi High Court deliberates if air purifiers are luxury goods or medical necessity. Experts debate GST, Right to Life, and regulatory hurdles. Will toxic air force a tax rethink?
Sitapur Police Bust GST Fraud Gang, Arrest 7 Members
Sitapur police arrested 7 members of an inter-district gang for massive GST evasion. Raid recovered Rs 8 lakh cash, digital devices, forged documents. Read the full details.
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.
Govt to act on air purifier GST cut after panel report
The Centre assured Delhi HC it will process a parliamentary panel's recommendation to slash GST on air purifiers, but argued judicial intervention in tax matters is unconstitutional. The next hearing is on March 19.
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.
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