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Income Tax (No 2) Bill Clears Lok Sabha. What Is In 'S.I.M.P.L.E' New Law?
The Income Tax (No 2) Bill cleared the Lok Sabha sans debate Monday but to the cacophony of opposition MPs protesting the voter list revision in Bihar.
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UK Introduced A 75% Tax, But No One's Ever Paid a Penny. Here's Why
The UKs Public Interest Business Protection Tax (PIBPT), introduced in 2022 amid energy market turmoil, has never collected any revenue.
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New Income Tax Bill Halves Word Count, Eases Compliance: Baijayant Jay Panda
BJP MP and Chairman of the Finance Select Committee, Baijayant Jay Panda said that the newly proposed Income Tax Bill aims to make compliance easier for taxpayers without altering tax policies or rates.
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Hyderabad Couple Who Live Streamed Sex Acts Needed Money For Daughters' Fees
The Hyderabad couple, who was arrested for allegedly live streaming their sexual acts on a mobile app, was in dire need of finances and resorted to such acts to make easy money, police said on Friday.
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National Mission For Clean Ganga Gets Income Tax Exemption Status
The Finance Ministry has granted tax exemption status to the National Mission for Clean Ganga, according to a notification of the CBDT, the decision-making body for the Income Tax department and direct taxes administration.
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Top Court Issues Directions To Implement Rs 2 Lakh Cap On Cash Transactions
When there is a law in place, it has to be enforced, the Supreme Court said on Wednesday while expressing concern over the unsatisfactory implementation of provisions of the Finance Act 2017 which capped the limit of cash transactions to Rs two lakh.
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US SEC Rejects Memecoins as Securities, Warns of Fraudulent Tokens
This week, the SEC informed US investors that memecoins are not classified as securities. As a result, memecoin investors are not required to register their transactions under the Securities Act of 1933.
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New Income Tax Bill Tabled In Parliament. Here's What Is Different In It
Finance Minister Nirmala Sitharaman tabled the new income tax bill - which she had mentioned in her Budget speech on February 1, and which is expected to reduce the jargon in the Income-Tax Act of 1961, making it easier to understand.
-
Waqf Amendment Bill To Be Tabled In Parliament's Budget Session
16 Bills, including the Finance Bill 2025, amendments to the Waqf and Banking Regulations Act, and the merging of the Indian Railways and Indian Railways Board Acts, will be tabled in Parliament's Budget session.
-
16 Bills, Including Waqf Amendment Act, To Be Tabled In Budget Session
Sixteen bills, including the Finance Bill 2025, amendments to the Waqf and Banking Regulations Act, and the merging of the Indian Railways and Indian Railways Board Acts, will be tabled in Parliament's Budget session, which begins Friday.
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Is There New, 'Simpler' Income Tax Act In Budget 2025? What Sources Said
The Direct Tax Code - a new income tax bill meant to simplify compliance for individual taxpayers - will be introduced separately, and not as part of the Union Budget to be delivered by Finance Minister Nirmala Sitharaman on Saturday morning.
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Who Is Choi Sang-Mok, South Korea's Second Acting President In Weeks?
Finance Minister Choi Sang-mok became on Friday South Korea's second acting president in two weeks, as lawmakers voted to impeach the current acting leader, Prime Minister Han Duck-soo, fuelling political uncertainty in Asia's fourth-largest economy.
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"Sonia Gandhi Acted As Super PM": Finance Minister On "Rudderless" UPA
Mounting an all-out offensive against the Congress and the UPA government, Finance Minister Nirmala Sitharaman said on Friday that the previous regime was a "rudderless and leaderless" one and Sonia Gandhi acted as the "Super Prime Minister".
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Chandrababu Naidu's Aides Fled, They Will Complete Money Trail: CID Chief
The investigating agency chief denied he is acting on the diktat of Chief Minister Jagan Mohan Reddy, but suggested that a former finance secretary who had contradicted the CID's claims must have done so under pressure.
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Taliban Central Bank Chief Meets Chinese Envoy, Discusses Business
The Taliban's acting governor of the Afghan central bank met China's ambassador this week to discuss banking relations and business, the bank's spokesperson told Reuters on Friday.
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Income Tax (No 2) Bill Clears Lok Sabha. What Is In 'S.I.M.P.L.E' New Law?
The Income Tax (No 2) Bill cleared the Lok Sabha sans debate Monday but to the cacophony of opposition MPs protesting the voter list revision in Bihar.
-
UK Introduced A 75% Tax, But No One's Ever Paid a Penny. Here's Why
The UKs Public Interest Business Protection Tax (PIBPT), introduced in 2022 amid energy market turmoil, has never collected any revenue.
-
New Income Tax Bill Halves Word Count, Eases Compliance: Baijayant Jay Panda
BJP MP and Chairman of the Finance Select Committee, Baijayant Jay Panda said that the newly proposed Income Tax Bill aims to make compliance easier for taxpayers without altering tax policies or rates.
-
Hyderabad Couple Who Live Streamed Sex Acts Needed Money For Daughters' Fees
The Hyderabad couple, who was arrested for allegedly live streaming their sexual acts on a mobile app, was in dire need of finances and resorted to such acts to make easy money, police said on Friday.
-
National Mission For Clean Ganga Gets Income Tax Exemption Status
The Finance Ministry has granted tax exemption status to the National Mission for Clean Ganga, according to a notification of the CBDT, the decision-making body for the Income Tax department and direct taxes administration.
-
Top Court Issues Directions To Implement Rs 2 Lakh Cap On Cash Transactions
When there is a law in place, it has to be enforced, the Supreme Court said on Wednesday while expressing concern over the unsatisfactory implementation of provisions of the Finance Act 2017 which capped the limit of cash transactions to Rs two lakh.
-
US SEC Rejects Memecoins as Securities, Warns of Fraudulent Tokens
This week, the SEC informed US investors that memecoins are not classified as securities. As a result, memecoin investors are not required to register their transactions under the Securities Act of 1933.
-
New Income Tax Bill Tabled In Parliament. Here's What Is Different In It
Finance Minister Nirmala Sitharaman tabled the new income tax bill - which she had mentioned in her Budget speech on February 1, and which is expected to reduce the jargon in the Income-Tax Act of 1961, making it easier to understand.
-
Waqf Amendment Bill To Be Tabled In Parliament's Budget Session
16 Bills, including the Finance Bill 2025, amendments to the Waqf and Banking Regulations Act, and the merging of the Indian Railways and Indian Railways Board Acts, will be tabled in Parliament's Budget session.
-
16 Bills, Including Waqf Amendment Act, To Be Tabled In Budget Session
Sixteen bills, including the Finance Bill 2025, amendments to the Waqf and Banking Regulations Act, and the merging of the Indian Railways and Indian Railways Board Acts, will be tabled in Parliament's Budget session, which begins Friday.
-
Is There New, 'Simpler' Income Tax Act In Budget 2025? What Sources Said
The Direct Tax Code - a new income tax bill meant to simplify compliance for individual taxpayers - will be introduced separately, and not as part of the Union Budget to be delivered by Finance Minister Nirmala Sitharaman on Saturday morning.
-
Who Is Choi Sang-Mok, South Korea's Second Acting President In Weeks?
Finance Minister Choi Sang-mok became on Friday South Korea's second acting president in two weeks, as lawmakers voted to impeach the current acting leader, Prime Minister Han Duck-soo, fuelling political uncertainty in Asia's fourth-largest economy.
-
"Sonia Gandhi Acted As Super PM": Finance Minister On "Rudderless" UPA
Mounting an all-out offensive against the Congress and the UPA government, Finance Minister Nirmala Sitharaman said on Friday that the previous regime was a "rudderless and leaderless" one and Sonia Gandhi acted as the "Super Prime Minister".
-
Chandrababu Naidu's Aides Fled, They Will Complete Money Trail: CID Chief
The investigating agency chief denied he is acting on the diktat of Chief Minister Jagan Mohan Reddy, but suggested that a former finance secretary who had contradicted the CID's claims must have done so under pressure.
-
Taliban Central Bank Chief Meets Chinese Envoy, Discusses Business
The Taliban's acting governor of the Afghan central bank met China's ambassador this week to discuss banking relations and business, the bank's spokesperson told Reuters on Friday.
