The National Sports Governance Bill was on Tuesday passed by the Parliament with Rajya Sabha giving its nod a mere 24 hours after Lok Sabha.
They are not just underreporting income; they are reshaping what the income tax system perceives, says study.
Parliamentary Affairs Minister Kiren Rijiju feels that the National Sports Governance Bill, which is set to be tabled in the monsoon session beginning on Monday, will usher in a 'new era' for sports in India.
Sports Minister Mansukh Mandaviya said the Sports Bill is a key reform aimed at building a "transparent, accountable and world-class sports ecosystem" in India.
Amid a storm surrounding his collaboration with Pakistani actress Hania Aamir, singer-actor Diljit Dosanjh has taken to social media with a cryptic message.
Central Board of Direct Taxes on Tuesday said stakeholders can send their inputs for drafting Income-tax rules and related forms pertaining to the proposed Income Tax Bill, 2025. The Income Tax Bill, 2025 was introduced in Parliament last month and is currently under examination by the Select Committee for detailed consideration.
The net direct tax collection so far this fiscal rose 19.41 per cent to Rs 14.70 lakh crore, reaching about 81 per cent of the full-year target, the income tax department said on Thursday. "The provisional figures of Direct Tax collections up to January 10, 2024, continue to register steady growth," the Central Board of Direct Taxes (CBDT) said in a statement. Direct Tax collection, net of refunds, stood at Rs 14.70 lakh crore which is 19.41 per cent higher than the net collection for the corresponding period of last year.
The revised guidelines are aimed at curbing discretionary practices by field officers, especially the tendency to seek documents not mandated under the law.
'Experts and stakeholders have raised concern over the refund provision in the draft Bill. That was a drafting error, which will be rectified,' a government official said.
'Vigilance' is a dreaded term for PSB employees and there are instances where this fear is misused by the higher authorities to tame their subordinate officials. This fear always deters PSB executives from making decisions -- the fewer the decisions, the less the chance of falling into trouble, points out Tamal Bandyopadhyay.
The waste disposal at the plant in Dhar district's Pithampur industrial area was undertaken following directives of the Madhya Pradesh high court.
The biographical drama is caught up in controversy after some Sikh organisations including the Shiromani Akali Dal objected, accusing it of misrepresenting the community and getting historical facts wrong.
Heavy rainfall across North India leads to fatalities, structural damage, travel disruptions, and school closures. Eastern states brace for more rain.
The Madhya Pradesh high court in Jabalpur on Monday directed the state government to take steps within six weeks for disposal of Bhopal-based Union Carbide's 337 tonnes of hazardous waste as per safety protocols, while restraining the media from publishing any fake news on the same.
Red Square and VDNKh easily rank among the most striking places I've visited -- both for their historical significance and architectural splendour.
My admiration for Russian culture, vision and ambition grew with every step as I clocked the miles, Nitin Sathe tells us after a visit to Moscow and St Petersburg.
The Delhi High Court has directed Customs officials to ensure that old and personal jewellery of travellers, including ornaments being worn by them during travel, are not unnecessarily detained at airports and they are not harassed. The court was hearing a batch of more than 30 petitions raising issues on the procedure for detention of goods belonging to the tourists travelling to India, of both Indian and foreign origin, by the Customs department.
The Reserve Bank of India (RBI) on Monday directed banks and non-banking financial companies (NBFCs) offering gold loans to thoroughly review their policies, processes, and practices to identify any gaps. The central bank also told them to closely monitoring their gold loan portfolios amid significant growth observed in this segment vis--vis some lenders. Additionally, the RBI, through a circular, instructed these lenders to ensure adequate controls over outsourced activities and third-party service providers.
'I fell in love with Suraiya and that was my first real gafla. The more I couldn't get her, the more I wanted her. When I couldn't marry her because the world didn't want it, I cried for the first time.'
Incineration of entire 358 tonnes of toxic waste from the defunct Union Carbide factory finally concluded as contaminated soil and packaging material were burnt at a disposal plant in Madhya Pradesh's Pithampur on Thursday, over six months after the consignment was brought to the unit.
The man accused of attacking Delhi Chief Minister Rekha Gupta told investigators he planned a protest against the Supreme Court's order on relocating stray dogs, similar to Anna Hazare's anti-corruption protests.
The 56-year-old judge, enrolled as an advocate in 1992, was appointed as an additional judge of the Allahabad high court on October 13, 2014 and took oath as a permanent judge of that court on February 1, 2016.
The film was scheduled to hit theatres across the country on September 6 but couldn't keep its date as it didn't get clearance certificate from the censor board, which is important for the public exhibition of films in India.
Karnataka Cooperation Minister K N Rajanna has been asked to resign after allegedly blaming his own Congress government for 'vote theft' in an Assembly segment. The issue sparked controversy and led to demands for clarification in the state assembly.
Several executives argue that UPI has the potential to grow tenfold, but warn that the absence of a monetisation model risks stagnating the real-time payments system, which has been recording all-time-high transaction volumes every year.
Shah reiterated the Board's position that Indian players will have to prioritise domestic cricket.
As soon as one of the pleas came up for hearing on Friday, Solicitor General Tushar Mehta, appearing for the Centre, objected and said there can't be an "endless" filing of pleas challenging the Act.
Until now, salaried individuals having income under the head LTCG were required to file Form ITR-2.
With the finding of both black boxes of the plane, it would be easy for investigators to ascertain the cause of the crash.
An eyewitness to the horrific suburban railway mishap in Maharashtra's Thane district on Monday morning said the chain of events began after someone in the coach ahead of his either fell after hitting a wall or 'something hit our compartment'.
The crew of an Iraqi cargo vessel were denied permission to disembark at Karwar port in Karnataka by the coastal security authorities as per special instructions given by the central government "after the Pakistan incident", Karnataka Home Minister G Parameshwara said on Friday.
The income tax department on Saturday said it has launched a campaign to send messages to taxpayers who have not disclosed high-value foreign income or assets in their ITRs for AY 2024-25. The Central Board of Direct Taxes (CBDT) has launched a Compliance-Cum-Awareness Campaign for Assessment Year (AY) 2024-25 to assist taxpayers in accurately completing Schedule Foreign Assets (Schedule FA) and reporting income from foreign sources (Schedule FSI) in their income tax returns (ITR).
In September last year, India received financial information from over 108 countries regarding foreign accounts and income in the form of interest and dividend earned outside India.
The Air India plane AI-171 from Ahmedabad to London crashed immediately after take-off from the Sardar Vallabhbhai Patel Ahmedabad airport on Thursday, as per the Gujarat State Police Control Room.
After a meeting of its working committee in New Delhi, the board adopted a resolution which stated that the recent judgment of the Supreme Court on the maintenance of Muslim divorcee women is "against the Islamic law (Shariah)".
The Supreme Court on Tuesday came down heavily on the Karnataka government over actor Kamal Haasan's film "Thug Life" not being released in the state, saying mob and vigilantes cannot be allowed to take to the streets.
The incident occurred between Diva and Kopar railway stations when the overcrowded train was going towards Kasara, an official said.
The Reserve Bank of India (RBI) has approved IndusInd Bank's request to form an executive committee to discharge the duties and responsibilities of the chief executive officer (CEO) for a period of maximum three months or till a new CEO takes charge, whichever is earlier.
The political period drama, also written and co-produced by Ranaut, was scheduled to hit theatres across the country on Friday but the makers are yet to get a clearance from the Central Board of Film Certification (CBFC) and the matter is currently in court.
The income-tax (I-T) department has issued showcause notices under Section 68 of the Income-Tax Act to several startups over funds routed through Singapore, seeking explanations for investments received over the past five years, people familiar with the development said. The department is questioning the source, identity, and creditworthiness of overseas investors in these transactions, they said.
The return filed could be treated as defective, invalid, or even be considered as not filed at all.
