Budget 2026’s proposed Foreign Income & Assets Disclosure Scheme offers a calibrated settlement window for NRIs and residents with overseas assets facing exposure under the Black Money Act. By capping liability at ₹60 lakh instead of ₹1.20 crore in eligible cases—and ₹1 lakh instead of ₹10 lakh in technical lapses—the Scheme introduces proportionality, immunity and closure.
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Tuesday, March 3, 2026
Monday, March 2, 2026
You can lose your home for unpaid property taxes? Know your rights and how to fight back before it’s too late
*Homes can be legally auctioned over unpaid taxes, but the law requires a strict process of notices and appeal windows before that.*Even a small tax default can legally trigger attachment and auction, regardless of the property's market value.*If your property is auctioned, legal remedies exist, courts can overturn sales involving procedural violations, fraud, or undervaluation.*Best protection: pay taxes on time, monitor your municipal account, and verify dues before buying or inheriting property.
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from Tax-Wealth-Economic Times https://ift.tt/RrxTz3C
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