'If a charitable or religious trust sells a capital asset -- such as land, buildings, shares -- and makes a capital gain, it can avoid paying tax on that gain if it reinvests the proceeds in another capital asset for its charitable purposes.'
The Centre has opposed the imposition of fixed timelines on governors and the President for decisions on bills passed by state legislatures, arguing that such constraints were intentionally omitted by the Constitution's framers.
Let us start with ourselves. If we can reduce our LPG consumption by half, the problem is solved. Reduce wastage. Alter eating styles. Diversify methods of food preparation, suggests Vice Admiral Biswajit Dasgupta (retd).
Reserve Bank Governor Sanjay Malhotra on Friday said the key policy rates will remain at low levels for a long period and may go down even further.
Finance Minister Nirmala Sitharaman on Monday introduced the Taxation Laws (Amendment) Bill, 2025, which aims to provide tax exemptions to subscribers of the Unified Pension Scheme.
The Supreme Court has ruled that a Governor cannot send bills to the President for consideration if the state assembly has already cleared them for a second time. The court was questioning the Centre over the powers of the Governor when it comes to granting assent to bills.
Kanpur Crime Branch arrests a medical store owner for allegedly illegally buying and selling codeine-based cough syrup as part of a larger investigation into the illicit trade of regulated pharmaceuticals.
BJP-ruled states argued in the Supreme Court that governors and the President have autonomy in assenting to bills passed by state assemblies, asserting that courts cannot mandate assent.
Salient features of the National Sports Governance Bill that promise to overhaul several aspects of sports governance and the grievance redressal system for athletes and administrators alike in the country.
New Zealand batters Rachin Ravindra and Devon Conway have been struck down with illness ahead of the T20 World Cup but head coach Rob Walter is hopeful of a clean bill of health before their tournament gets underway.
Despite international crude oil rates crossing USD 100 per barrel due to Middle East tensions, the Indian government plans to maintain current petrol and diesel prices, ensuring uninterrupted fuel supply across the country.
The Jan Vishwas (Amendment of Provisions) Bill 2025, aimed at decriminalizing minor offenses to promote ease of living and business, was introduced in the Lok Sabha and referred to a Select Committee.
Thane-based Chitra Tambe, 28, opens up about how she juggles a full-time career and her growing passion while living in a joint family setup.
Kanpur police have uncovered a GST fraud racket where suspects used unsuspecting individuals' documents to create fake firms and route transactions worth nearly Rs 250 crore.
The National Sports Governance Bill has become an Act after President Droupadi Murmu gave her assent to the landmark legislation that promises to revamp India's sports administration.
Opposition parties allege the Modi government is attempting to turn India into a 'dictatorship' with the introduction of three Bills that seek to provide for removal of the prime minister, chief ministers and ministers arrested on serious charges, and vowed to oppose it 'tooth and nail'.
A man in Gurugram was arrested for allegedly defrauding a hotel by using a fake payment application to create screenshots of payments totaling Rs 6 lakhs, allowing him to stay for five months without paying.
The Supreme Court has granted bail to filmmaker Vikram Bhatt and regularized the interim bail of his wife in a multi-crore rupees cheating case lodged in Rajasthan, involving allegations of misappropriated funds for a biopic project.
Kanpur police have frozen assets worth Rs 9.5 crore, including properties, vehicles, and bank accounts, as part of an investigation into an interstate racket involved in trafficking codeine-based cough syrups.
"Death is better for us than your beatings. That is why we are committing suicide... Sorry Papa."
The World Nature Photography Awards 2026 celebrated breathtaking images of wildlife and nature, with Australian photographer Jono Allen winning the top prize of $1000 for his rare shot of a white humpback whale and her mother.
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".
Indian filmmaker Mira Nair attended a party at Ghislaine Maxwell's townhouse, according to newly released Epstein files. The files also mention Bill Clinton and Jeff Bezos were in attendance.
Rijiju also hit out at Congress leader Rahul Gandhi, saying that his own party MPs "get uncomfortable" when he speaks in Parliament and are apprehensive that he will do "anap-shanap baatein" and the party will have to bear the consequences.
Trump signed the bill during a military family picnic at the White House on US Independence Day. The administration had aimed to have the legislation finalised by July 4.
Dubai's core promise -- that it is an oasis untouched by regional storms -- has been tested in full public view. The coming months will show whether investors view the attacks as a short-lived disruption or a deeper signal of lasting risk, points out Asif Ullah Khan.
The Supreme Court has granted bail to filmmaker Vikram Bhatt and his wife Shwetambari Bhatt in a cheating case involving alleged misappropriation of funds. The court ordered their release from Udaipur jail and issued notices to the complainant and the Rajasthan government.
A review of the key contributions from each player in India's victorious T20 World Cup campaign, highlighting individual brilliance and teamwork.
Will rising tensions between US-Israel and Iran threaten crude oil supply through the Strait of Hormuz, putting India's fuel prices, imports, and economic stability at risk?
The Gujarat government plans to amend the Gujarat Registration of Marriages Act to address loopholes and prevent exploitation, particularly concerning "love jihad" cases. The proposed changes include mandatory parental notification and detailed information requirements for marriage registration.
A 500 per cent tariff would effectively shut out India's goods and services exports to the US.
The Supreme Court has announced it will begin final hearings on May 5 regarding the constitutional validity of the Citizenship (Amendment) Act, 2019 (CAA), with over 200 petitions challenging the law.
Kerala Chief Minister Pinarayi Vijayan accused Governor Rajendra Vishwanath Arlekar of omitting portions of the state cabinet-approved policy address, specifically criticizing the Union Government's fiscal policies and the pending status of state bills.
'Islamabad feels it has no alternative, but to address the challenges from the Afghan-Taliban through an open war.'
Fight on toward goals that keep receding, or exit with most objectives unmet. Trump is agitated, his poll numbers falling below the Plimsoll line, his base fractured between those who back the war and those who remember that he campaigned on ending them.
The Supreme Court is examining the extent to which courts can intervene when governors delay or refuse to act on bills passed by state assemblies. The court questioned the Centre on whether judicial review is barred in cases of gubernatorial inaction, sparking debate on the balance of power between states and the central government.
The state government, however, maintained it has no intimation so far from the central government or the governor's office regarding their "observations" on certain provisions in the Bill.
In a narrow 218-214 vote, the United States House of Representatives on Thursday passed President Donald Trump's massive $4.5 trillion tax and spending bill -- his signature second-term policy package -- just ahead of the July 4 deadline.
The Pakistan Hockey Federation (PHF) is under scrutiny after the Pakistan Sports Board (PSB) confirmed providing over 10 million rupees for the national team's hotel accommodation in Australia, which was allegedly not arranged, leading to significant difficulties for the team.
'In consultations, several stakeholders, including athlete representatives and smaller federations, highlighted that overly restrictive eligibility rules tended to entrench incumbents and limit opportunities for fresh leadership.'
