As the new Income Tax (I-T) Act, 2025 moves towards implementation from April 1, 2026, the finance ministry is reviewing and simplifying the compliance forms used by charitable institutions. Debjyoti Das, principal chief commissioner of income tax (exemption), said the new Act has already reorganised exemption provisions into a clearer and more coherent structure, and the accompanying procedures and forms are now being examined.
Notwithstanding global headwinds, the Indian economy saw further momentum in October on the back of goods and services tax (GST) rate rationalisation and festival spending, as indicated by high-frequency indicators, the Reserve Bank of India's (RBI's) monthly State of the Economy report said.
Ahead of the Union Budget 2026-27, Indian business houses have urged the government to make demergers tax-neutral, particularly in cases involving transfer of investments in associate companies with 25 per cent or more shareholding, under the new Income Tax Act. This may possibly help some companies planning to go public, according to a source.
The fierce battles of Galwan, Rezang La, Gurung Hill, and Walong taught the PLA a hard lesson: Fighting the Indian Army would never be easy or inexpensive.
'Nitish Kumar previously held tight control over key ministries, but this concession (giving the home portfolio to the BJP) reflects either his weakened political position or a pragmatic acknowledgment of the BJP's growing dominance.'
Delhi government mandates 50% work from home for offices and private establishments under GRAP stage three due to severe air pollution. Essential services are exempted.
'IndiGo will receive a sharp rap on the knuckles -- a punishment, a huge penalty. 'I look towards them creating a compensation fund.' 'I would like to think they would do that for all the passengers who are affected on every single day since cancellations began.'
It is shameful that Kashmir Times has been attacked in the way it has and that Anuradha Bhasin has not found more voices to speak in support of her and her paper, points out Aakar Patel.
A viral video purportedly showing a group of people offering namaaz at Terminal-2 of the Kempegowda International Airport in Bengaluru has ignited a political controversy, with the opposition Bharatiya Janata Party taking strong exception to the incident and demanding accountability from the state government.
The Lok Sabha will debate the 150th anniversary of 'Vande Mataram' and electoral reforms after an all-party agreement, potentially breaking the logjam over discussions on Special Intensive Revision (SIR) of electoral rolls.
Students at Tezpur University in Assam have shut down the institution, protesting against Vice Chancellor Shambhu Nath Singh over allegations of corruption and financial irregularities. The shutdown has led to the cancellation of end-term examinations and has garnered support from teachers and non-teaching staff.
Ananta Charan Behera went to his former workplace, the Odisha assembly, on Thursday to have a glimpse of President Droupadi Murmu, but was utterly surprised when she spotted him in the crowd and called him by his name.
'Pick a sum insured that realistically covers major hospitalisation costs in your city.'
Saurabh and Gaurav Luthra, the owners of the Goa nightclub wanted in connection with the fire tragedy that claimed 25 lives at the facility, have fled to Thailand, prompting police to seek the help of Interpol to trace them, officials said in Panaji on Monday.
The Instagram accounts of leading current and former Pakistani cricketers were blocked in India on Friday.
The FBI is offering a reward for information about an Indian national wanted in connection with the 2017 murder of an Indian woman and her son in New Jersey. US authorities are urging India to extradite the suspect, Nazeer Hameed.
IndiGo is operating 1,650 flights of its 2,300 daily domestic and international flights on Sunday, and 650 remain cancelled for the day, amid the airline's operations gradually stabilising after massive disruptions in the last five days, the airline said.
Before booking a flat, buyers should confirm that the project is registered with the state's Rera portal.
The 30-year-old victim is Vijay Kumar Sheoran of Haryana's Charkhi Dadri district.
Finance Minister Nirmala Sitharaman on Monday introduced two bills in the Lok Sabha to levy excise duty on tobacco and tobacco products, and a new cess on manufacturing of pan masala, which will replace the GST compensation cess on such sin goods.
Assam Chief Minister Himanta Biswa Sarma on Friday alleged that over 5,000 social media accounts, mostly operated from Islamic countries, have become active in favour of the Assam Congress.
The aviation regulator stated that the "primary cause" of the disruptions was IndiGo's failure to make "adequate arrangements" to meet the revised staffing, duty-time and rostering requirements under the newly implemented Flight Duty Time Limitations scheme.
Riding on the clear trends of Bihar Assembly polls which pointed towards a landslide victory of the National Democratic Alliance over the Mahagathbandhan, Lok Janshakti Party-Ram Vilas chief Chirag Paswan said on Friday that he firmly believed that Nitish Kumar would continue to remain the state's chief minister.
'...not merely in managing fiscal mathematics, but in demonstrating conservatism and prudence within that framework.' 'Looking forward, we believe sufficient growth drivers exist -- ranging from government reforms to revival in consumption to favourable monsoons. Numerous factors support the Indian economy.'
Authorities in Jammu and Kashmir on Wednesday began the exercise of inspecting the lockers of doctors and medical staff in hospitals as part of enhanced security measures after the recent Delhi blast and recovery of arms and ammunition in the 'white collar' terror module, officials said.
Former poll strategist Prashant Kishor's Jan Suraaj expressed disappointment over its poll debacle in the Bihar assembly elections, attributing the NDA's victory to cash transfers to women.
If Xi Jinping is dethroned in the future, the instrument for that may well be embedded within the PLA, notes former foreign secretary Shyam Saran.
Senior citizens are particularly vulnerable due to their high savings, trust in authorities, and limited familiarity with online frauds.
Tata Motors' commercial vehicle (CV) business debuted on the BSE on Wednesday, completing the automaker's long-planned demerger into separate listed entities for its passenger and CV operations.
An explainer on cloud seeding, the technique used to artificially modify clouds to produce more rainfall, including its process, history, potential environmental hazards, and considerations for conducting experiments.
The projections in the cement industry are mixed. Prices and demand remained muted in the third quarter (October & November) and short term uptick doesn't seem likely. However, the second quarter of the financial year 2026 (Q2FY26) was good year-on-year (Y-o-Y) for many cement majors aided by base effect, and some analysts expect acceleration in earnings and volume in the next financial year, again aided by base effect.
One should avoid keeping excessive funds in one's savings account.
Jan Suraaj Party leader Prashant Kishor on Tuesday claimed that Bihar Chief Minister Nitish Kumar's Janata Dal-United would have been bundled up with just 25 seats had his government not given Rs 10,000 to 60,000 beneficiaries in each constituency just before the assembly elections and promised Rs 2 lakh to 1.5 crore women across the state under self-employment initiatives.
A deepening payment paralysis in Telangana's liquor industry is beginning to choke manufacturing units and strain supplies, employment, and the broader investment landscape, industry bodies have warned, as unpaid dues accumulate to levels they describe as "unprecedented" and "severe".
An IAF aircrash investigation typically concludes in two/three odd months. The reason for the crash is usually established in a week's time.
'Companies will need to revisit compensation structures, contracts, staffing models, and human resources system.'
'These children possess catastrophically low birth weights -- often 1.4 kgs or less. Such extremely low birth weight results in profoundly compromised neo-natal immunity.' 'The escalation to 97 deaths in three months precipitated contemporary attention precisely because this magnitude concentrates the humanitarian emergency, rendering it impossible for the administrative machinery to ignore.'
The government is not seeking to control or restrict online content but rather to ensure transparency by requiring creators to label AI-generated content so that audiences can make informed choices, Electronics and IT Secretary S Krishnan said on Thursday.
These losses increase insurance premiums for customers and reduce insurer margins on the other.
'This is an area where good lending can happen, and that is one of the priorities for the next quarter.'
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