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PROPERTY TAX COLLECTION IN INDIA
From Patna to Kanpur, can an emerging market fix dirty, broken cities?Patna is set to become the first municipality in Bihar to issue municipal bonds, raising Rs 200 crore for urban infrastructure. This move h...- Abolish LTCG, rationalise STCG, STT rates on equities: PHDCCI to Finance MinistryPHDCCI has recommended abolishing Long Term Capital Gains tax and modifying short-term capital gains taxes. The chamber suggests increasing...
- ₹20.45 lakh cash deposits, ₹12.64 lakh capital gains from property sale questioned by Income Tax Department; here’s why woman wins relief at ITAT HyderabadA Telangana woman successfully challenged an income-tax dispute involving substantial cash deposits and a property sale. The ITAT Hyderabad...
- Potential LTCG tax cut could revive FIIs’ India bet, says Jefferies: Which stocks may benefit most?Jefferies sees a potential long-term capital gains tax (LTCG) cut as a possible trigger for foreign investors to return to Indian equities ...
- Own property in UAE? Income Tax Department nudges taxpayers to declare undisclosed assets under FAST-DS 2026, know who needs to act and what they can doUAE property owners have received communication from the income tax department regarding undisclosed assets. Taxpayers are prompted to asse...
- Why did a family ranch face an estate-tax hurdle over missing signatures? Here's how a paperwork dispute reached a US appeals courtThe case involved the estate of Malcom McAlpine Jr., who had left his interest in a family ranch to three discretionary trusts benefiting h...
- Council Tax Bands explained: How to check your band, current rates and can you pay less?UK Chancellor John Healey has announced an innovative cost-of-energy payment aimed at aiding households in council tax bands A to D in Engl...
- 'Copying China's manufacturing model may not pay off': Ashwini Vaishnaw hits back with ‘Cope harder’ remark, cites Rs 3 lakh crore PLI returnsUnion Minister Ashwini Vaishnaw has hit back at criticism of India's mobile phone manufacturing strategy with a blunt “Cope harder” remark....
- Ashwini Vaishnaw says mobile PLI scheme generated Rs 25,000 crore in direct taxes, employs 12 lakh peopleIndia's mobile phone production-linked incentive (PLI) scheme has generated Rs 25,000 crore in direct tax collections against Rs 19,000 cro...
- TMP Manipur, Meitei Alliance move Supreme Court over highway blockades, extortionThe petition names the State of Manipur, the Union of India through the Ministry of Home Affairs, and the National Highways Authority of In...
- Govt seeks investor and expert views on LTCG and STT as it reviews capital market levies amid FPI exodusThe government has initiated a reassessment of long-term capital gains tax and securities transaction tax. Stakeholders, including investor...
- CBDT receives around 1,100 applications under foreign assets disclosure schemeSince the launch of the Foreign Assets of Small Taxpayers Disclosure Scheme, approximately 1,100 taxpayers have submitted applications. The...
- Income Tax Department nudges taxpayers holding undisclosed foreign propertiesThe Income Tax Department is encouraging taxpayers to declare undisclosed foreign assets through the FAST-DS initiative. A new e-filing por...
- Cities cannot be governed from state capitals, need empowered local governments: NITI Aayog's Rajiv GaubaRajiv Gauba emphasized the need for reforms in urban governance during the National Urban Conclave. He highlighted the importance of empowe...
- In 2019, a woman bought a Missouri home at a tax sale; a beneficiary deed complicated who really owned it; what exactly happened?The case is Diana J. Thompson and other v. Heirs of Kathryn L. Metcalf and others. In 2016, a woman in Marshall, Missouri, signed a benefic...
- In 2021, a Pennsylvania property was sold at a tax sale; one owner's notice challenge changed the case; what exactly happened?In order to sell the property, the Tax Claim Bureau petitioned the Delaware County Court of Common Pleas on January 20, 2021. The hearing t...
- I-T likely to send notices over undisclosed foreign propertyThe Income-Tax Department will send notices to resident Indians regarding undisclosed foreign properties. Information was obtained through ...
- Your inherited home is not a money machine: What Indian heirs must know
- In 2021, a Pennsylvania woman's property was auctioned over a $7,771 tax bill; she claimed she was told the notice concerned a trailer, but court rejected her appealThe tax bureau had sent her a certified letter about the unpaid taxes in April 2020. In that same year, it sent her another notice by certi...
- India's net direct tax collections rise 13.21% to Rs 13.38 lakh crore till October 14 of FY27India’s net direct tax collections rose 13.21% year-on-year to Rs 13.38 lakh crore as of October 14 in FY27, while gross collections increa...
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