ITR was processed under the old tax regime due to tax consultant's mistake, taxpayer faced Rs 1.23 lakh demand: ITAT Bangalore allowed new tax regimeRs 1.23 lakh tax demand notice sent as man filed ITR with new tax regime but it was processed with old tax regime due to tax consultant’s e...
Presumptive taxation for professionals: The 50% rule remains-but what changes for deductions and losses under the new tax Act?The 50% presumptive taxation rule for professionals largely continues under the new Income-tax Act. However, Section 58(4) introduces a wid...
Govt considering sending FCRA Bill to joint committee of Parliament for further scrutiny: SourcesThe government is considering sending the FCRA Amendment Bill to a joint parliamentary committee. Opposition parties, including Congress an...
Government offer of Shah's statement on student protests fails to end Parliament deadlockParliamentary proceedings remain stalled as the Congress demands Prime Minister Modi's reply. The government offered a debate on student pr...
Kiren Rijiju says Amit Shah ready to reply to debate on student protests, seeks Opposition assuranceParliamentary Affairs Minister Kiren Rijiju stated the government is ready for a Lok Sabha debate. Home Minister Amit Shah will respond to ...
"Let voice of people be heard...": Lok Sabha Speaker Om Birla makes emotional appeal to Parliament floor leadersLok Sabha Speaker Om Birla urged political parties to cooperate for smooth House functioning. He emphasised hearing the voice of the people...
Opposition presses for Ayodhya donation row, student protest discussion as Parliament deadlock persistsParliamentary proceedings faced disruptions as Opposition parties demanded statements. They insisted on discussions regarding alleged theft...
PM Narendra Modi chairs Cabinet meet as Parliament remains deadlockedParliamentary sessions faced disruptions from Opposition members protesting over alleged paper leaks. Both Lok Sabha and Rajya Sabha were a...
Is government planning to scrap Long Term Capital Gain (LTCG) tax on equities for domestic investors in FY 26-27? Minister respondsLong Term Capital Gain: The Finance Ministry has denied contemplating the scrapping of LTCG tax on equities for domestic investors. There i...
BAC stock today falls despite Bank of America beating Q4 earnings estimates: What investors are worried aboutBAC stock: Bank of America shares saw a significant drop even after reporting strong fourth-quarter profits. The bank's net interest income...
EAM S Jaishankar unveils Rabindranath Tagore's bust in VietnamIndia and Vietnam have deep historical connections dating back to 2,000 years ago, rooted in Buddhism, according to India's External Affair...
What is Section 115BAC of the Income-tax Act?Section 115BAC of the Income-tax Act deals with the new tax regime introduced in the Union Budget 2020. The income tax slabs in the new tax...
As blackouts sweep Vietnam, Northern Province vows power for Apple suppliers and firmsOutages have hit industrial parks in some northern provinces including Bac Giang and Bac Ninh, the state utility Vietnam Electricity Group’...
Apple supplier Foxconn to invest $300 million more in northern VietnamFoxconn's new factory, on a plot of 50.5 hectares (125 acres) in Bac Giang province, will generate 30,000 local jobs.
Rajya Sabha adjourned till 2 pmChairman M Venkaiah Naidu adjourned the proceedings of the House till 2 pm as Leader of Opposition Mallikarjun Kharge raised objection to B...
Opposition feels legislative agenda thrust as a surprizeThe Opposition in Lok Sabha accused the government of thrusting its legislative agenda after it mentioned the land acquisition bill for nex...
AP assembly to debate Reorganisation Bill 2013 tomorrowThe Business Advisory Committee (BAC) decided today, to debate the draft AP Reorganisation Bill 2013 in the House from tomorrow.