Tax Consultants Chamber Celebrates 100 Years with Summit
The Chamber of Tax Consultants commemorates its 100th anniversary with a landmark summit in Mumbai, focusing on tax reforms, digitalization, and professional development.
Category : GST & Taxation
Haryana Govt Orders Urgent PAN Submission for Property Deeds Over ₹30L
Haryana revenue department instructs deputy commissioners to ensure immediate submission of pending PAN details for property registrations above ₹30 lakh to I-T department, addressing tax evasion concerns.
Budget 2026 Income Tax Expectations: Middle Class Awaits Relief
Finance Minister Nirmala Sitharaman's ninth consecutive Union Budget tomorrow brings high hopes for income tax cuts. After last year's relief, salaried taxpayers expect increased standard deduction and TDS rationalization.
Classified Walks: A Taxman's New Strategy for Administration
Explore how tax officials are using classified walks as a strategic tool to enhance tax collection, improve compliance, and streamline administration in India's evolving economic landscape.
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Budget 2026: GST, Customs Reforms for Economic Growth
As Union Budget 2026 approaches, India's fiscal policies face global challenges. Key expectations include GST reforms for working capital relief, Customs duty rationalization, and dispute resolution schemes to enhance competitiveness.
I-T Raids Unearth ₹1.20 Crore Cash from Rice Millers
Income Tax department raids at 40 locations in Jharkhand and Bihar uncover ₹1.20 crore unaccounted cash from rice millers Yogesh Sahu and Gyan Sahu. Assessment of properties and stocks continues.
Budget 2026: Taxpayers Seek Clarity Ahead of ITA 2025
As the Union Budget 2026 approaches, taxpayers anticipate measures to ease the transition to the new Income-tax Act, 2025. Key expectations include simplified compliance, digital enhancements, and relief for lower-income households amid this major tax ove
35% Tax in India: What Do We Get in Return?
A Mumbai writer reflects on paying 35% tax while facing sewage-contaminated water, questioning the returns on high taxation in Indian democracy.
Budget 2026 Income Tax Expectations: Experts Predict Limited Relief
As Budget 2026 approaches, taxpayers anticipate income tax relief. Experts suggest limited changes, focusing on rationalization, TDS adjustments, and standard deduction increases rather than major cuts.
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GST After 7 Years: Revenue Growth and State-Level Analysis
Seven years after GST implementation, India's indirect tax system shows steady revenue growth and improved compliance, though state-level variations persist based on economic structure and digitization.
Punjab Tax Crackdown: 141 Vehicles Held in GST Evasion Drive
Punjab taxation department conducted a statewide enforcement campaign, detaining 141 vehicles for verification. Focus was on iron and steel trade hubs with suspected tax evasion through invoice-less movements and GST misuse.
Income Tax Raids on Rice Traders in Gaya, Aurangabad
Income-tax department conducted search operations at residential and business premises of rice traders in Gaya and Aurangabad, investigating alleged financial irregularities and disproportionate assets.
I-T Raids on Baba Group in Jharkhand, Bihar Over Tax Evasion
Income Tax department conducts raids on 40 premises of Baba Agro Food Limited and Baba Food Processing India Limited in Jharkhand and Bihar, suspecting massive tax evasion. Over 450 personnel involved.
Cigarette Shortage Hits Andhra Ahead of New Tobacco Tax
Andhra Pradesh witnesses a sharp decline in branded cigarette availability as retailers struggle with restricted supplies ahead of the February 2026 tobacco tax overhaul, leading to price hikes and grey-market surge.
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Budget 2026: Simplify Capital Gains Tax for Middle Class
As more middle-class Indians invest in stocks, mutual funds, and real estate, tax experts urge the government to simplify long-term capital gains rules in the upcoming budget. Key demands include rationalizing asset classifications, easing loss set-off pr
Coaching Body Seeks GST Cut on Education Services
The Coaching Federation of India has requested Finance Minister Nirmala Sitharaman to reduce GST on coaching services to 5% or exempt them completely, citing increased costs for parents and challenges for small centers.
Coaching Body Seeks GST Cut on Services to 5% or Nil
The Federation of Coaching Institutes has formally requested Finance Minister Nirmala Sitharaman to lower GST on coaching services from 18% to 5% or nil, arguing the current rate unfairly burdens parents and students.
India's NUDGE Tax Framework Boosts Compliance with Behavioral Economics
India's Economic Survey 2025-26 reveals a major shift in tax strategy with the NUDGE framework, using behavioral interventions to improve compliance and revenue collection through gentle prompts rather than enforcement.
Gold & Silver Prices Hit Record Highs Amid Uncertainty
Gold prices reached a new record high of $5,591.16 per ounce, while silver climbed to $119.34, driven by safe-haven demand, Fed policy, and geopolitical tensions.
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Ahmedabad Tobacco Shortage Before Feb 1 Tax Hike
Ahmedabad faces severe tobacco product shortages as retailers hoard stock ahead of February 1 tax changes. Black market activity surges with inflated prices hitting consumers hard across the city.
Income Tax Raids on Surat Diamond-Realty Group
Income Tax Department conducts major searches at 15 locations linked to a Surat-based diamond manufacturer and real estate developer, investigating undisclosed earnings and political connections.
Budget 2026: Income Tax Relief Unlikely, But Here's Options
Budget 2026 may not bring income tax relief, but experts suggest alternative tax measures to help Indians. Focus shifts to growth-oriented policies after last budget's tax cuts.
Cigarette Sales to Fall with New GST Duty, Says CRISIL
CRISIL Ratings predicts a 3-5% drop in cigarette volumes in India as a new GST compensation cess takes effect, impacting major tobacco companies and government revenue.
Binny Bansal Ruling: No Easy NRI Tax Arbitrage in Dubai, Singapore
Recent rulings in Binny Bansal and Tiger Global cases show tax authorities demand real overseas substance for non-resident status, not just day counts or paper relocations, impacting NRI tax planning.
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Hyderabad Traders Demand GST Relief in Upcoming Budget
Small business owners in Hyderabad urge Centre for GST reduction on essentials in Union Budget 2026-27, citing shrinking margins and slowing consumer demand due to high procurement costs.
DGGI Ahmedabad Arrests 3 in Rs 262 Crore Fake Billing Cases
DGGI Ahmedabad uncovers two major fake billing rackets involving Rs 262 crore, arresting three individuals. The fraud involved fictitious firms and complex hawala transactions across multiple states.
Ayodhya GST Officer Resigns Backing UP Government
In a significant development, Deputy GST Commissioner Prashant Kumar from Ayodhya has submitted his resignation, expressing solidarity with the Uttar Pradesh government's policies and administrative direction.
Budget 2026: Fixing India's Safe Harbour Rules for GCCs
India's Global Capability Centres face transfer pricing challenges. Budget 2026 must reform Safe Harbour Rules to enhance competitiveness and attract foreign investment.
Budget 2026 Income Tax Expectations: Taxpayers Await Relief
Finance Minister Nirmala Sitharaman will present Union Budget 2026 on February 1. Taxpayers hope for income tax cuts, higher standard deduction, and TDS rationalization, following last year's reforms that benefited the middle class.
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India's Customs Duty-Free Allowance Needs Decade-Long Price Rise Update
India's duty-free baggage allowance, last updated in 2016, fails to account for significant price inflation over the past decade, creating challenges for international passengers navigating customs procedures.
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