Currently, if the IT department finds out that some income has been missed out by the assessee, it goes through a lengthy process of adjudication, and the new proposal would repose trust in the taxpayer.
Images from the ICC Women's ODI World Cup match between India and New Zealand in Hamilton on Thursday.
Rohit will lead Indian in the two-Test series in the West Indies and then perhaps sit with BCCI and decide on his future in traditional format.
The Reserve Bank will hold a special meeting of its rate-setting committee on November 3 to prepare a report for the government on why it failed to keep retail inflation below the target of 6 per cent for three consecutive quarters since January. The six-member Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das will prepare the report on reasons for failure to meet the inflation target as well as the remedial measures the central bank is taking to bring down prices in the country. "Under the provisions of Section 45ZN of the Reserve Bank of India (RBI) Act 1934... an additional meeting of the MPC is being scheduled on November 3, 2022," RBI said in a statement on Thursday.
The headline for corporate profit growth has been very encouraging in the July-September quarter (Q2) of 2023-24 (FY24), with the combined net profit of listed companies up by 38 per cent year-on-year. However, the earnings distribution has been very lopsided, with most of the growth coming from public-sector oil-marketing companies (OMCs), banks, non-bank lenders, automobile (auto) companies, and cement producers. By comparison, companies from information technology services, fast-moving consumer goods (FMCG), retail, and consumer durables were disappointed, experiencing a sharp slowdown in net sales growth and a relatively muted increase in reported net profit.
The pressure on India to take a hostile attitude towards Russia and China was not subtle, but it was guarded, observes Ambassador T P Sreenivasan after Monday's 2+2 ministerial meeting in Washington, DC.
Australia has by far been the most dominant team in CWG, winning all six golds till date.
Mirabai Chanu is an inspiration to many athletes but to Gyaneshwari Yadav she is also a competitor and the promising weightlifter dreams of not just scaling great heights like the Tokyo Olympic medallist but leaving her behind.
The day before her 56th birthday on Monday, Janet Jackson made a rare appearance at the 2022 Billboard Music Awards in Las Vegas to present an award to singer Mary Jane Blige.
Who do you think should be part of India's playing XI for the first T20 International against England?
His collection has a strong streetwear influence.
Players of both the teams were called back from the dugout after the game's last delivery was deemed a no-ball by the umpires
Binura Fernando and Kasun Rajitha, who were named in the original squad, will not tour owing to injuries sustained during the SLC Invitational T20 League 2022.
Shubman Gill and Suryakumar Yadav may get promotion in the annual central contracts list for the 2022-23 season.
Maninder Singh, the talented left-arm spinner, was taken to cleaners with utter disdain, but he never faced public wrath.
The Congress party's Bharat Jodo Yatra entered the second day in Kerala on Monday, amid an encouraging turnout of people who have been lining up the streets of the state in thousands to extend support to Rahul Gandhi who has embarked on the 3,500 km Kanyakumari-Kashmir foot march.
Even as India's passenger-vehicle sales touched a record high of 3.9 million units in 2022-23, growing 27 per cent over the previous financial year, the country's largest carmaker, Maruti Suzuki India (MSIL), said on Monday uncertainties in the electronic-component supplies might affect production in FY24. MSIL said the shortage of electronic components had some impact on production in FY23. "The company took all possible measures to minimise the impact.
Shane Warne immortalised himself with the 'Ball Of The Century' on June 4, 1993 during the first Ashes Test against England at Old Trafford in Manchester.
His early strikes and SKY's catch put paid to any of Mumbai's efforts to script a solid comeback into the match.
Prannoy signs off with maiden World Championships bronze medal after losing semifinal to Vitidsarn
It is understood that Indian cricket is finally ready to move beyond Karthik. In 2019, World Cup ended his 50-over career and 2022 might just witness his international T20 swansong.
Australia on Friday pulled out of several upcoming FIH tournaments, including the junior men's hockey World Cup slated to be held in India later this year, citing COVID-19 related government travel restrictions.
Shubman Gill has a 'smart cricketing brain' and can emerge as leader of the Gujarat Titans in the future due to his conduct and work ethics, said the IPL team's director of cricket Vikram Solanki.
Two-time World Cup-winning Australian skipper Ricky Ponting has no doubt that wicketkeeper-batter Rishabh Pant will be a 'successful' India captain if he is handed the responsibility in the future.
India have won the Asia Cup on seven occasions, Sri Lanka on five occasions, with Pakistan winning it twice.
The BJP expelled Vinod Arya and his son from the party, a day after the leader's another son was arrested in the murder case of a woman receptionist at a resort in Uttarakhand's Pauri.
Tata Motors recently cut the sales forecast of its luxury car brand, JLR, due to chip shortages, scaling down its production numbers from the earlier 120,000 units to 60,000-65,000 units by September, and leading to an almost 10 per cent fall in the company's stock. In May this year, Bosch India, too, had stated that chip shortfalls would impact its production, as supply chains were getting disrupted.
After a disappointing debut in 2018, England pacer Mark Wood wants to prove he's amongst the best players in the IPL.
The BCCI has described Jhulan Goswami's two decade-long international career as "monumental", saying an era has come to an end with the retirement of one of women's cricket's greatest players.
We were not good enough, conditions are not an excuse, says Rohit Sharma
His remarks at the Maharajganj rally come against the backdrop of the war in Ukraine from where India is trying evacuate thousands of its citizens. Modi, however, did not specifically mention the crisis.
Bharat was drafted into the Test XI after the flamboyant Rishabh Pant was unavailable after being injured in a horrific road mishap late last year.
Ace Indian boxer Shiva Thapa began his Commonwealth Games campaign on a rousing note by defeating Pakistan's Suleman Baloch in the first round of the 63.5kg category, in Birmingham, on Friday.
The Reserve Bank's rate setting panel on Thursday met to finalise a report for the government on why it failed to keep retail inflation below the target of 6 per cent for three consecutive quarters since January this year, said sources. The report will be presented to the government as per the Reserve Bank of India Act, they added. The six-member Monetary Policy Committee (MPC) is headed by Governor Shaktikanta Das.
Tokyo Olympian and 2019 Asian Championships silver medallist Ashish Chaudhary will also be representing the country for the second time and would be keen to add another major medal to his name.
Images from the T20 World Cup match between Pakistan and South Africa at the Sydney Cricket Ground on Thursday.
Sunrisers Hyderabad's seasoned seamer Bhuvneshwar Kumar on Sunday praised his younger pace colleague Umran Malik, saying watching him bowl fast 'is a joy'.
In the middle-order, Shreyas will replace Kohli, who was given a much-needed break ahead of his landmark 100th Test.
'She had the courage to not cow down before the entire law and order apparatus, to remain sane and human despite inhuman suffering meted out to her and her family.'
Stressing on the need to protect both lives and livelihoods, he said public health action in India and across the world must be continually guided by evidence from four key questions -- how transmissible is the variant, severity of the disease it causes, how well vaccines and prior SARS-CoV-2 infection protect and how common people perceive risk and follow control measures.
