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Tax experts warn against increasing surcharges or reintroducing wealth tax in the 2026-27 budget, citing potential loss of high-earning individuals and impact on investment and revenue stability. The analysis emphasises balance between fairness, administration, and economic competitiveness.
2026 ஏப்ரல் மாதத்தில் இருந்து பேங்க் அக்கவுண்ட் விதிகள் அமலுக்கு வர இருக்கின்றன. இந்த விதிகளுடன் ரூ.10 லட்சம் மேல் பேங்க் பரிவர்த்தனைகளை செய்யும்போது 85 சதவீத வரியை செலுத்தும் விதிகளையும் இந்திய அரசு அமல் செய்ய இருப்பதாக தகவல் வெளியாகியது | Government Imposed 85 Percent Tax on Transactions Above Rs 10 Lakh This Claim is Fake PIB Fact Check
Thousands of Indian taxpayers are facing delays in income tax refunds for Assessment Year 2025-26 after receiving SMS and email alerts from the Income Tax Department. Refunds have been withheld under the risk management process due to discrepancies in ITR filings, such as mismatches with Form 26AS, AIS, or invalid deduction claims. Taxpayers are urged to review their returns and file revised ITRs
New income tax rules in India impose up to 84% tax (including penalties, surcharges, cess) on unexplained cash found during searches, warns investment banker Sarthak Ahuja. Banks auto-report cash withdrawals over ₹10 lakh annually and deduct TDS above ₹20 lakh. Certain transactions like ₹2 lakh+ daily cash receipts or property sales over ₹20,000 cash attract 100% penalties. Stricter enforcement vi
From April 1, 2026, income tax officers in India can access bank accounts, emails, and social media if tax evasion is suspected under the new Income Tax Bill 2025. Here is what the PIB fact check says about it
Income Tax Department issued an alert against individuals who claimed tax benefits using fake donations to charities and political parties, emphasizing that they are closely monitoring such fraudulent claims.
வருமான வரி (Income Tax) செலுத்தும் ஒட்டுமொத்த பேங்க் கஸ்டமர்களும் இனிமேல் வரி செலுத்துவதற்கு முன்பாக இதை தெரிந்து கொள்ள வேண்டும். கூகுள் பே (Google Pay), போன்பே (PhonePe), பேடிஎம் (Paytm) போன்ற யுபிஐ ஆப்கள் இருந்தால் இது பொருந்தும் | All Income Tax Payers Need Know This Before Paying Tax How To Pay Tax UPI Google Pay PhonePe Paytm
Many taxpayers look for different ways to reduce their tax burden, and some resort to unconventional methods such as transferring money to another person’s account for various uses. A common example is a husband transferring funds to his wife’s account in an attempt to save tax. But is this practice legally valid? If the transferred money generates income, is that income taxable and who is respons
Ahead of Union Budget 2026 on February 1, Finance Minister Nirmala Sitharaman held pre-budget talks with stock market players, startups and manufacturers on November 18, 2025. Key demands include sharp reduction in Securities Transaction Tax (STT), rollback of harsh buyback tax introduced in October 2024 (now taxing investors up to 30%), deeper corporate bond market development.
