Business

The tax department imposed a penalty of Rs 8.29 lakh, alleging misreporting of income. (Image for representative purpose only) You move abroad for your job but forget to file your Income Tax Return. When you remember, you file your ITR but the date for belated return has also passed and after filing self-assessment tax, you…

100% tariff on India? Russia sanctions bill clears key hurdle, final House vote next US President Donald Trump’s tariff ambitions could soon get a legal pathway to hit India with tariffs as high as 100 per cent if a proposed Russia sanctions bill clears the US House of Representatives and becomes law.The House is scheduled…

Yiming has become Asia’s richest person for the first time overtaking Gautam Adani. ByteDance Ltd.’s Zhang Yiming has overtaken Adani Group chairman Gautam Adani as the richest Asian, according to the Bloomberg Billionaires Index. Yiming has become Asia’s richest person for the first time, as the artificial intelligence boom creates new fortunes that are overtaking…

The brother-in-law had argued that the GPA’s “power to gift” effectively gave him ownership. (Image for representative purpose only) Family disputes can be tricky especially those involving property. In one such case a brother-in-law allegedly did not pay the full due amount to the sister-in-law for the sale of land. The family property dispute over…

Shares of fintech companies, including Paytm, rallied in early trade on Wednesday after the government announced a 0.4% Merchant Discount Rate (MDR) on UPI payments above Rs 2,000 made to merchants, effective October 15.Shares of One97 Communications Ltd, which owns the Paytm brand, rose 7.24% during intraday trade to hit a 52-week high of Rs…

Finance minister Nirmala Sitharaman addresses the 8th International Tax Conference in Bengaluru. Finance minister Nirmala Sitharaman on Wednesday said India has renegotiated its tax treaties with Mauritius, Singapore and Cyprus to restore the country’s right to tax capital gains arising from investments in India at the source.Speaking about India’s tax policy and international taxation framework,…

Higher income can improve the borrowing capacity of an applicant, but it should not be confused with affordability. The author is CEO of PaisabazaarBuilding awareness on how a lender assesses a loan application can help prospective borrowers plan better and stay eligible for suitable offers. Lenders conduct a thorough risk assessment while approving your loan….

Raising the limit to Rs 25,000 will bring a sizeable number of employees earning between Rs15,000 and Rs 25,000 within the statutory social security system. The Union Cabinet on Wednesday approved the Ministry of Labour & Employment’s proposal to increase the wage ceiling for mandatory coverage under the Employees’ Provident Fund Organisation (EPFO) from Rs…

The latest Oracle cuts come against the backdrop of similar workforce reductions Oracle has reportedly started another round of job cuts globally, with industry experts tracking the company estimating that around 10% of its India workforce, or roughly 3,000 employees, could be affected.The company had already eliminated 21,000 jobs earlier this year, including around 12,000…

ISMA has projected that India’s rooftop solar market has the potential to scale to 132 GW from the current 17 GW installed capacity NEW DELHI: Indian Solar Manufacturers Association (ISMA) has projected that India’s rooftop solar market has the potential to scale to 132 GW from the current 17 GW installed capacity, with an annual…