non tax revenue sources

FIFA is poised to secure federal tax exemptions for teams at the 2026 World Cup in the United States, easing a major financial concern for participating nations. However, uneven state and city taxes still leave disparities, particularly affecting smaller associations, meaning the tournament’s financial landscape remains complex despite progress in negotiations with US authorities.

Former India captain MS Dhoni has been revealed as the highest individual taxpayer from Jharkhand and Bihar combined for the 2025-26 financial year. The Principal Chief Commissioner of Income Tax confirmed Dhoni's top position, though the exact tax amount remains undisclosed. This achievement highlights Dhoni's significant financial contribution to the region.

Bhubaneswar Municipal Corporation (BMC) has hired a private agency to survey and assess unidentified buildings to boost holding tax revenue. The civic body aims to identify approximately one lakh unassessed holdings, classifying them as residential or commercial. This initiative seeks to increase the BMC's revenue collection in the current financial year, following a shortfall in the previous one.

A nuanced understanding of the various ITR forms for FY 2025–26 is essential for globally mobile professionals, domestic salaried taxpayers, and individual investors

This summer, the Urban Development and Housing Department is prioritizing the assurance of seamless water access and improved sanitation in Jharkhand's urban areas. Local governments are called to action to expand piped water systems, mend hand pumps, and strengthen waste management strategies, particularly door-to-door collection and proper segregation of waste.

Kevin O'Leary has strongly criticized California's proposed wealth tax, deeming it 'un-American' and 'unconstitutional.' He predicts years of litigation due to the difficulty of valuing illiquid assets and argues the tax will accelerate the exodus of businesses and billionaires from the state.

Government's net direct tax collections for FY26 reached over Rs 23.4 lakh crore, a 5.1% increase, though it fell short of the revised target. Corporate tax saw a healthy 11.4% rise, while non-corporate tax remained flat. Refunds saw a slight dip. These collections follow recent income tax cuts.

In an exciting leap towards modernization, the Patna Municipal Corporation is embarking on a digital revolution. A cutting-edge citizen app will provide efficient solutions for grievances, tax transactions, and infrastructure insights. Noteworthy features include a user-friendly 'Ward Find' tool, a GIS-powered platform for tracking civic amenities, and a state-of-the-art Road & Drainage Management System.