Search Results for: ITR filing deadline

Simplified Capital Gains Tax Regime, says CBDT

The Central Board of Direct Taxes (CBDT) has taken a significant step towards simplifying the taxation of capital gains in India. In a comprehensive set of Frequently Asked Questions (FAQs), the CBDT has explained the new capital gains tax regime effective July 23, 2024 as introduced in the Union Budget 2024-25.

Jul 25, 2024

Comprehensive review of Income Tax Act announced in Union Budget

Finance Minister Nirmala Sitharaman announced a comprehensive review of the Income Tax Act, 1961 to simplify the tax regime. The tax regime for charities, TDS rate structure, and capital gains taxation are also being simplified. The government's efforts to simplify taxes are part of a broader effort to improve taxpayer services and reduce litigation. The government also announced measures to make life and health insurance plans more affordable.

Jul 23, 2024

Assessments to be reopened beyond 3 years only if escaped income is more than Rs 50 lakh

An assessment can be reopened now only when it's beyond three years from the end of the assessment year and if the escaped income is Rs 50 lakh or more.

Jul 23, 2024

Omar Abdullah criticizes delayed response to rising terror activities in Jammu

Pointing toward the recent surge in terrorist activities in Jammu province, former Chief Minister and National Conference Vice President Omar Abdullah criticized the authorities for their delayed response in gauging the gravity of the worsening situation.

Jul 22, 2024

Infosys' headcount drops 1,908 in Q1 FY25, plans to hire 20,000 freshers as per growth

Infosys' headcount drops 1,908 in Q1 FY25, but plans to hire 20,000 freshers

IT giant Infosys on Thursday reported a drop in headcount by 1,908 in the April-June quarter of the current fiscal (FY25).

Jul 19, 2024

Allu Arjun Vs Sukumar: All is not well between the duo, say reports

Pushpa 2: The Rule was first set to be released on August 15 this year. However, the release date has now been moved to December 6 this year. Reports suggest that the film might be postponed yet again.

Jul 18, 2024

CA mocks Infosys' Narayana Murthy, urges to run income tax portal smoothly

In October 2023, Narayana Murthy urged the Indian youth to work 70 hours a week to increase their productivity

Jul 15, 2024

Another infiltration attempt foiled on LoC, three terrorists killed in north Kashmir's Keran sector

Infiltration attempts on the LoC and IB have been increased after the successful conduct of the Lok Sabha elections in Kashmir Valley.

Jul 15, 2024

Rules of J&K Reorganisation Act amended; LG gets more power [details]

By amending the J&K Reorganization Act MHA empowers LG, Chief Secretary on transfers of Admn Secys, AIS officers

Jul 13, 2024

BJP MLA Bharat Shetty booked under BNS for derogatory remarks against Rahul Gandhi

Bharat Shetty stirred a major controversy by saying that Congress MP Rahul Gandhi should be locked up inside Parliament and slapped for his alleged anti-Hindu remarks

Jul 11, 2024

Supreme Court says West Bengal's plea against CBI probes without State Govt's nod is 'maintainable'

The Supreme Court on Wednesday held that the suit filed by West Bengal against the Central Bureau of Investigation (CBI), for allegedly proceeding with probes and filing FIRs in cases of post-poll violence without getting the state government's nod as required under the law, is maintainable.

Jul 10, 2024

'His clear vision for Team India positions him perfectly'': Jay Shah welcomes Gautam Gambhir as Team India's head coach; bids adieu to Rahul Dravid

'His clear vision for Team India positions him perfectly': Gautam Gambhir welcomed as Team India's head coach

Gambhir was among the only two applicants alongside WV Raman for the post. He was interviewed for the job last month by BCCI's Cricket Advisory Committee and was believed to be the only candidate in contention for the top role.

Jul 10, 2024

Model Rajkanya Baruah claims media harassment; calls for 'fair trial' in her 2021 alleged 'hit and run' case

While Rajkanya Baruah's trial in the 2021 'hit and run' case is currently pending before the Guwahati High Court with no final judgement yet, she has recently stated on social media that she has been "harassed by local media houses on a monthly basis" and should be entitled to a fair trial.

Jul 9, 2024

Six terrorists killed in twin encounters in Kulgam district, major achievement: J&K DGP

The Inspector General of Police Kashmir zone said that more terrorists are believed to be trapped in the encounters as security forces have plugged all escape routes.

Jul 8, 2024

SC to hear on Monday pleas pertaining to NEET-UG exam

The Supreme Court is slated to hear on Monday a batch of pleas about the NEET-UG examination, including its cancellation.

Jul 7, 2024

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