Your Queries: No tax on property received by son as gift from father Get expert insights on India’s tax laws for 2025-26. Learn about tax-exempt property gifts to children, the tax implications of… 10 hours agoDecember 26, 2025
CBDT urges taxpayers to correct ineligible deduction claims The Income Tax Department has identified cases under the risk management framework and through the use of advanced data analytics… 4 days agoDecember 23, 2025
Explained: Why MNC staff are getting tax notices for foreign assets Failure by an ROR to disclose, or incorrect disclosure of, foreign income and/or assets may attract these tax and penalty… 4 days agoDecember 23, 2025
Govt steps up efforts to reduce tax shortfall Given the steep asking rate of 22.3% during November-March FY2026 to meet the Budget estimate, ICRA Chief Economist Aditi Nayar… 3 days agoDecember 24, 2025
Pay advance tax by December 15 to avoid interest payout Taxpayers with income that cannot be estimated in advance, like capital gains, are exempt from this interest if the entire… 2 weeks agoDecember 12, 2025
Indigo gets GST penalty notice of Rs 58.75 crore from CGST Delhi South IndiGo has received a GST penalty notice of Rs 58.75 crore for FY21 and plans to contest the order. 2 weeks agoDecember 12, 2025
FM calls for improved tax data sharing among countries The minister also noted that over the past decade, India has witnessed visible strengthening of voluntary compliance. 3 weeks agoDecember 2, 2025
Why is CBDT sending SMSs and emails to wealthy taxpayers? The Income Tax department is reminding taxpayers who have not disclosed their foreign income and overseas assets to revise their… 3 weeks agoDecember 4, 2025
Paying over Rs 50,000 rent? New TDS rule and rent agreement rules 2025 you must know If your monthly rent exceeds Rs 50,000, a 2% TDS deduction is now mandatory under Section 194-IB. Along with this,… 4 weeks ago
Explainer: What’s driving away the super-rich from the UK The UK’s flexible tax regime for high-net-worth individuals has long attracted the wealthy from around the world to make the… 1 month agoNovember 25, 2025
Moody’s flags weak revenue growth for India as tax cuts reduce fiscal space Moody’s said India’s tax cuts have slowed revenue growth, limiting fiscal flexibility even as domestic consumption and easing inflation continue… 1 month agoNovember 25, 2025
Morgan Stanley flags revenue slowdown risks, warns govt may tighten spending in H2FY26 to meet fiscal targets India’s FY26 revenue growth has sharply lagged budget expectations, with weak tax collections, GST rationalisation pressures and a widening fiscal… 1 month agoNovember 25, 2025
16th Finance Commission submits report on fiscal transfers for 2026–31 Tamil Nadu, Karnataka and Gujarat additionally argued for a 15% weight for states’ contributions to national GDP. The Commission is… 1 month agoNovember 18, 2025
Wide gap between tax receipts and budget target causes concern This looks tough considering the GTR growth rate in the H2 of FY25. The ask rate to meet FY25 budget… 1 month agoNovember 17, 2025
Tax Talk: Already paid taxes abroad? Now don’t pay here too Indian residents earning income abroad, such as consultancy or technical fees, can claim Foreign Tax Credit (FTC) to avoid double… 1 month agoNovember 14, 2025
Direct tax collections rise 7% on year On the indirect tax front, Central GST collections rose 5.8% to Rs 4.7 lakh crore in H1FY26, against an 11.2%… 2 months agoNovember 11, 2025
India’s net direct tax collection up 7% to Rs 12.92 lakh crore between April-November India’s net direct tax collections grew 7% so far in FY26. Corporate tax mop-up rose to Rs 5.37 lakh crore,… 2 months agoNovember 11, 2025
ICAI proposes optional joint taxation for married couples In a note, the ICAI has outlined its recommendations into areas like reducing compliance burden, improving tax collections, mitigating litigation… 2 months agoNovember 4, 2025
