Mihir Tanna, Associate Director, S K Patodia & Associates, answers your income tax queries.
The 10 teams in the league will be bidding heavily for the Indian players in a list of 590 cricketer
Miss World 2024 will be crowned in India soon. Long before Aishwarya Rai and Priyanka Chopra, Yukta Mukhey and Diana Hayden, a beautiful woman from Bombay was crowned Miss World. In 1966. Reita Faria was India's first Miss World. Vaihayasi Pande Daniel/ Rediff.com met the 80 year old in Dublin recently, still as elegant, still as attractive as she was all those years ago.
Outsourcing is just no more about cost savings but also companies' accessibility to right talent and geographic expansion, a latest survey on business outsourcing revealed.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
A disciplined, systematic investment habit started at a young age is normally sufficient to meet modest goals without having to sacrifice a normal comfortable lifestyle, suggests Harsh Roongta.
'The market recovery is fragile,' warns Raamdeo Agrawal, co-founder and joint managing director, Motilal Oswal Financial Services.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'India has always been a bottom-up stock-picking market, and as growth recovers with higher liquidity, mid and small-caps always tend to outperform.'
In an editorial in its mouthpiece 'Saamana', the Sena doubted the mandate with which the Modi government came to power, alleging elections were won through money, misuse of power and tampering of electronic voting machines.
He told PTI in an interview that parties that are still thinking of 'being the leader' of a possible united front against the Bharatiya Janata Party in the 2024 Lok Sabha polls have not understood the gravity of the situation at all.
Chief Economic Advisor V Anantha Nageswaran on Thursday said the economy is expected to grow at 6.5 per cent in the current fiscal notwithstanding deficient rains in August. India recorded economic growth of 7.8 per cent in the April-June quarter of 2023-24 against 13.1 per cent in the year-ago period. India's economy in Q1 grew at the fastest pace in a year, on the shoulders of a boost in capital expenditure both at central and state levels, along with stronger consumption demand, especially in rural areas, and improved performance in the services sector, he said.
'They must be hiding somewhere in a country where the Taliban would not even spare a 4-year-old girl.'
Abbott India outperformed the Indian pharmaceutical market (IPM) with a year-on-year (YoY) growth of 23 per cent in February. The domestic market grew at a robust 20 per cent on a low base, primarily led by volume growth and price hikes. Abbott continued to outperform the sector in the anti-diabetic space with a growth of 20 per cent and key brands such as Thyronorm (hypothyroidism), biliary agent Udiliv, insulin Ryzodeg posted robust growth.
A summary of Saturday's action in the English Premier League.
It was billed as the battle of the 20-year-olds but Carlos Alcaraz pulled rank on his childhood buddy Holger Rune to enter the Wimbledon semifinals.
India's second largest IT services company Infosys on Thursday reported a 3.1 per cent year-on-year rise in net profit to Rs 6,215 crore for the September 2023 quarter. The earnings (before minority interest) of the Bengaluru-based company stood at Rs 6,026 crore in the year-ago period. The company - which competes in the IT services market with TCS, Wipro, HCL Technologies and others - saw its revenue rising 6.7 per cent to Rs 38,994 crore for the just-ended September quarter.
The initiative will neither help banks nor borrowers since the cost of funds will rise, but it will provide greater scope for product innovation and service excellence.
India recorded 50,035 cases of cyber crime in 2020, an 11.8 per cent surge in such offences over the previous year, according to the National Crime Records Bureau (NCRB) data. The Reserve Bank of India (RBI) last week once again cautioned bank customers of fraud, including those in Know-Your-Customer (KYC) cases. In fact, certain frauds have become more prevalent than others, and being aware of them is the first step towards protect yourself. Mayur Joshi, chief executive officer, Indiaforensic.com, a company engaged in the prevention, detection, and investigation of frauds says, "It is necessary to learn, to read about these scams."
A former deputy head teacher at a London primary school who had pleaded guilty to paying and instructing teenagers in India to abuse younger children was sentenced to 12 years in prison on Wednesday.
Avoid discontinuing your SIPs. Persist for at least 7-10 years.
Private life insurers are expected to deliver decent growth in the first quarter of the 2023-24 financial year (Q1FY24) on the back of stronger group business performance and easing supply-side constraints on individual protection. Life Insurance Corporation (LIC), though, is likely to see a decline. Healthy 12 per cent year-on-year (YoY) retail annual premium equivalent (APE) growth for private players, coupled with 11 per cent year-on-year (YoY) decline in LIC, will pull retail APE growth to a mere 3 per cent YoY in June 2023.
In percentage terms, IndusInd Bank, SBI, HDFC, ICICI Bank and L&T were among the top losers. On the contrary, Bharti Airtel, Reliance, Sun Pharma, HCL Tech and Maruti Suzuki emerged as major gainers.
Finance Minister Nirmala Sitharaman in her fifth Union Budget made five major announcements for the income tax assesse. She announced no changes in the old tax regime and confined her relief measures to the new tax regime. There have been no changes under the old tax regime.
Prannoy will next face world number one and Olympic champion Viktor Axelsen on Friday.
If you work for 30 years, a two per cent difference in pension returns can reduce your final retirement nest egg by 40 per cent. The Rs 9-trillion National Pension System (NPS) seems to be delivering incrementally higher returns than the twice-as-large Employees' Provident Fund Organisation (EPFO), shows a Business Standard analysis of data over the last seven years for the two retirement fund bodies. An investor who put in Rs 100 in retirement savings seven years ago would have seen her NPS nest egg grow to Rs 182 by 2023, according to the analysis based on the Pension Fund Regulatory and Development Authority's recently released Handbook of National Pension System Statistics 2023.
Global oil prices have slumped and India has access to larger amounts of discounted Russian crude oil, yet refiners are not passing on their savings to consumers
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
On Friday, February 25, it will be a year into Russia's invasion. Fighting now amounts to attritional duels of artillery and infantry assaults, with neither side making significant gains. But Ukrainians daily pay the price with their lives as Russian missiles and rockets levy a toll of death and destruction.
'I love Vijay. My heart is really broken because I know this is not ideal in the short term for him, but the big picture is really different'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Kangana Ranaut plays an Air Force pilot in Tejas, joining an increasing list of films and shows centered around women playing significant roles in their careers.
Shreekant Sambrani remembers P R S 'Biki' Oberoi, personal friend and hospitality icon, who passed into the ages this week.
My followers and devotees will not have to suffer the trauma of seeing me accept that something wrong has happened under my watch, observes Aakar Patel.
H S Prannoy signed off with a bronze -- India's first medal in men's singles at the Asian Games in 41 years,.
An Indian team in transition will feel robbed of an opportunity as torrential rain came in its way of potentially winning the second Test against West Indies and completing a 2-0 series whitewash in the Port of Spain on Monday.
Life Insurance Corporation of India (LIC) declared disappointing results in Q1FY24. While it reported a net profit of Rs 9,540 crore in Q1FY24, this was attributable to the transfer of Rs 7,490 crore from non-participating (non-par) products to shareholders' accounts due to the accretion on available solvency margin. In operational terms, annualised premium equivalent (APE) declined and value of new business (VNB) margin was flat. But the medium-term prospects may be better.
Tax expert Mahesh Padmanabhan on how employees can use fringe benefits in their salary to help save tax.
India's import of discounted crude oil from the Russian Federation hit an all-time high in May, with state-run refiner IOC becoming the biggest importer of Russian oil, relegating Reliance Industries to the second place, trade and shipping data show. Indian imports of Russian oil, accounting for over 46 per cent of its total crude oil imports in May, have grown after strong backing by New Delhi, with state-run refiners powering imports of discounted crude. Discounts on Russian oil average around $10 a barrel, said an official from a state-run refiner. IOC's May purchases rose by 64 per cent on the month, and accounted for half of its total crude imports last month, ship tracking data show.
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