An Income-Tax Department internal committee reviewing the old direct tax law to pave the way for a new one has "largely" received suggestions for "simplifying" the language, better "structuring" the provisions and enlarging the ambit of schemes like presumptive taxation, CBDT chairman Ravi Agrawal said Sunday. Speaking to PTI during a post-Budget interview at his North Block office, Agrawal said the panel also "studied" the deliberations and processes of countries like the UK, Australia and some others where a similar tax law simplification exercise was undertaken.
'We are not asking for incentives, but at least taxation can be aligned such that the rupee tax on consumers remains the same.'
Amid controversy over the Gulmarg fashion show held during the month of Ramzan, Jammu and Kashmir Chief Minister Omar Abdullah on Monday said his government would have never given permission for such an event in any month of the year.
'Subjecting each such creative content to scrutiny will impose burdens on the OTT platforms and impact user experience.'
Opposition members in Rajya Sabha on Thursday accused the government of imposing Hindi by bringing new bills with titles only in that language, a charge the treasury bench contested while alleging they were stuck with a colonial mindset.
Fitch Ratings has removed energy infrastructure company Adani Energy Solutions Ltd (AESL) from its 'Ratings Watch Negative' list, the first upgrade by an international ratings agency since the US indictment. Fitch affirmed AESL long-term foreign and local-currency issuer default ratings (IDRs) at 'BBB-'.
Trump's sweeping tariffs and penalties on China-built ships have turned global shipping into the front line of economic war, observes Shyam G Menon.
Among parties, the NCP stood out with five of its MPs raising an average of 410 questions each. On the other hand, two Apna Dal (Soneylal) raised only five questions each on average.
The ruling Bharatiya Janata Party on Thursday took a major step to implement its key plank of "one nation, one election" as the Union Cabinet headed by Prime Minister Narendra Modi approved the constitutional amendment bill to roll out the concept of simultaneous Lok Sabha and state assembly polls, sources said.
Ishan Kishan made a dream start at his new IPL franchise Sunrisers Hyderabad with a match-winning century against Rajasthan Royals.
The Meerut Conspiracy Case was aimed at curbing communist influence in India. However, it fueled nationwide sympathy, shaping the course of leftist politics in the country.
The Guantanamo Bay facility, which has so far been used to hold terrorists, will now also house illegal immigrants with criminal records.
In a lengthy statement on X late Monday night, a defiant Kamra said those busy leaking his number on social media or calling him incessantly should know that it all goes to his voicemail where they will be subjected to "the very song" that they hate.
On Sunday, February 9, 2025, US President Donald J Trump became the first sitting US president to attend a Super Bowl, making an appearance at Super Bowl LIX in New Orleans.
The government has moved to increase the strength of the joint committee of Parliament that will scrutinise the two bills proposing simultaneous elections from 31 MPs to 39, giving representation to more parties.
Seeking clarification, Karnataka Governor has sent back to the government a bill that sought to collect funds from temples with over Rs 10 lakh annual income, citing that a case concerning the earlier related act and amendments made to it is still pending in Supreme Court.
The Indian government has appointed Finance Secretary Tuhin Kanta Pandey as the new chairman of the Securities and Exchange Board of India (SEBI). Pandey, a 1987-batch IAS officer, will replace Madhabi Puri Buch, whose three-year tenure ends on February 28. Pandey's appointment comes at a time when the markets are experiencing bear pressure due to withdrawals by foreign institutional investors (FIIs). Pandey has extensive experience in the finance ministry, having served as the longest-serving secretary in the Department of Investment and Public Asset Management (DIPAM) and the Department of Public Enterprises (DPE). He also played a key role in the framing of the 2025-26 Budget and the drafting of the new Income Tax Bill. Pandey's appointment is for an initial period of three years.
In a major relief for taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced an increase in the threshold for Tax Deduction at Source (TDS) on rent from Rs2.40 lakh per annum to Rs6 lakh per annum while presenting the Union Budget 2025-26. Presenting the budget in Lok Sabha, the Finance Minister said, "The annual limit of Rs 2.40 lakh for TDS on rent is being increased to Rs 6 lakh.
Rishabh Pant will be entering a new phase of his Indian Premier League (IPL)career when he takes over as the captain of Lucknow Super Giants in IPL 2025.
The tournament was decorated with several impactful players and 12 of them have made it to the ICC Champions Trophy Team of the Tournament.
A Haridwar-based community welfare organisation, Divya Prem Seva Mission, will host a series of seven lectures on diverse themes, including one on the contentious subject of simultaneous polls, at its camp at the Maha Kumbh site in Prayagraj. The lecture series, starting on January 12, will also cover topics like Swami Vivekananda's philosophy, India's glorious past, global terrorism, gender equality, and the challenges of privacy and safety on social media. The organization has been involved in philanthropic activities for 29 years and is raising awareness about the discrimination faced by people with leprosy.
Rohit Sharma's aggressive batting and Shubman Gill's calculated approach have formed a formidable opening partnership for India in ODIs.
AAP leader and Delhi minister Atishi made the allegations against the agency at a press conference and called the entire probe a "scam" in itself.
The Maha Kumbh, billed as the world's largest gathering, concluded on Wednesday after 45 days, with lakhs of devotees taking a dip in the Sangam, the confluence of the Ganga, Yamuna, and mythical Saraswati rivers. Despite a stampede that killed at least 30 people, millions continued to visit the Kumbh, seeking salvation through the ritual bath. The event saw a mix of faith, tradition, and technology, drawing pilgrims and tourists from across the globe.
Finance Minister Nirmala Sitharaman on Saturday presented Union Budget 2025-26, envisaging an expenditure of Rs 50,65,345 crore, an increase of 7.4 per cent over the current fiscal.
Passed by the House by 352 to 65 votes, the bill now heads to the US Senate for it to be sent to the White House for the President to sign it into law.
'We deposited money just yesterday, but they did not say anything...'
'However, this process will take some time. Depending on the approval timeline, it may span a few quarters.'
Hours after Congress leader Manish Tewari on Thursday said the government might get the Digital Data Protection Bill classified as a money bill, Union IT Minister Ashwini Vaishnaw refuted the charge and termed it a "normal bill".
Seasoned bureaucrat and a stickler for rules Finance Secretary Tuhin Kanta Pandey will be at the helm of capital market regulator, Securities and Exchange Board of India (SEBI), for three years. The 1987-batch Odisha-cadre Indian Administrative Service (IAS) officer, Pandey, would replace Madhabi Puri Buch, whose three-year term ends on Friday.
Billionaire Gautam Adani's younger son Jeet on Friday married fiance Diva Shah at a small and intimate, traditional ceremony with a close group of friends and family in attendance.
Karnataka Forest Minister Eshwar Khandre on Monday said the state government will pay the hospitality bill of Prime Minister Narendra Modi, who had come to Mysuru in April last year to commemorate 50 years of Project Tiger, which runs up to Rs 80 lakh.
'I could not believe that such a great player could be so friendly. He was like a father figure to all of us.'
Stopping SIPs during a downturn undermines the benefit of rupee-cost averaging.
Billionaire Gautam Adani's younger son Jeet will wed next month in a simple and traditional ceremony, without any pomp and show and celebrity stars. Adani, on Mahakumbh pilgrimage with his family, scorched speculations of a star-studded wedding of his son Jeet with Diva Shah, daughter of Surat diamond merchant Jaimin Shah. "It will be a very simple, traditional marriage... just like common people," he told reporters in Prayagraj.
Lending her support to Donald Trump's leadership prowess, the Italian PM said that the Left Wing is nervous about leaders from conservative parties winning and collaborating globally.
Uttarakhand Chief Minister Pushkar Singh Dhami has announced that the state will become the first in independent India to implement the Uniform Civil Code (UCC), with the date of implementation to be announced soon. The UCC, which aims to unify personal laws for all citizens, has been approved by the state cabinet and preparations for its implementation are almost complete. Dhami stated that the training process for UCC implementation is nearly finalized and the government is aiming for a swift rollout. Speculation is rife that the UCC could be implemented on Republic Day, coinciding with the conclusion of municipal elections. The UCC includes provisions related to marriage, divorce, annulment of marriage, succession, and live-in relationships. The state government has introduced a dedicated portal for online registration of related matters and has authorized Common Service Centers (CSC) to simplify access for citizens. In remote areas, CSC agents will provide door-to-door services. The Gram Panchayat Development Officer will serve as the Sub-Registrar for registration work in rural areas. The government has also implemented Aadhaar-based registration to make the process easier. Citizens can track their application status through email and SMS, and an online complaint portal has been set up. Dhami dismissed Congress allegations of divisive politics, emphasizing that the UCC provides a uniform system and law for all.
The bill was defeated by a voice vote on February 23 in the upper house, where the Opposition has a majority, after it was passed by the assembly on February 21.
Karan Johar recently gave a hilarious spin to his relationship status by claiming he is 'dating'...
The Gujarat High Court dismissed a plea filed by journalist Mahesh Langa seeking the quashing of an FIR registered against him for allegedly stealing "highly sensitive and confidential documents" belonging to the Gujarat Maritime Board (GMB). The court found that prima facie, Langa's involvement in the crime was evident from the evidence collected during the investigation. The court further stated that the investigation is at a nascent stage and it would be inappropriate to exercise its inherent powers in favor of the petitioner at this stage.
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