The Income-Tax Department on Sunday cautioned taxpayers that failure to disclose assets held abroad or income earned in foreign shores in the ITR can attract a penalty of Rs 10 lakh under the anti-black money law. The department issued a public advisory as part a compliance-cum-awareness campaign launched recently by it on Saturday to ensure that such information is reported by the assessee in their Income Tax Return (ITR) for assessment year (AY) 2024-25.
The growing decline of MTech applicants in Indian colleges is due to multiple factors, including outdated curricula, poor return on investment and lucrative non-engineering alternatives, say experts.
Subhas Chandra Bose was under house arrest, yet he pulled out a daring escape from his Elgin Road residence in Calcutta to Germany via Pakistan, Afghanistan, Russia...
If Beijing succeeds in this multipronged effort to challenge the current dominant power, it will have not just economic but political and security consequences. There is no let-up in the South China Sea nor any de-escalation moves on the India-China border. This portends to ominous signalling from Beijing, observes China expert Srikanth Kondapalli.
As much Preity would like to be relieved of everyone's ebullient expectations of her, truth is few have fizzed up the silver screen like she has.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Pahalgam Terrorist Attack: Dombivli families shattered in grief and grit. Demand dignity, justice and answers to unanswered questions.
'The increase in the limit for TDS on interest to Rs 1 lakh will ensure greater cash flow in the hands of senior citizens.'
'Suddenly, she arrives in India, participates in the Maha Kumbh and is given the position of Mahamandleshwar.' 'This needs investigation.'
Canada has emerged as the most preferred country for Indian students abroad.
Travel is about making memories, experiencing the unknown, and engaging in new experiences -- not worrying about fluctuating exchange rates or hidden expenditures. With a little planning and a proactive approach to handling your foreign exchange, you can reduce financial stress and enjoy your trip, suggests Pavan Kavad.
'Decline of the UN did not start with the Trump administration. It has been happening over the last two decades or more.'
Kudankulam will house the largest nuclear power plants in India and the flagship project of Russian-Indian technological and energy cooperation.
Indian English is the only language that uses the expression 'non-veg' for meat, fish, and those who consume them. A fascinating extract from Shashi Tharoor's A Wonderland of Words: Around the Word in 101 Essays.
'Given a chance, more than 50 per cent of employees would switch to WFH as opposed to working from office.'
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
The Union finance ministry on Thursday issued a clarification on the changes in FEMA rules which brings overseas international credit card spending under the RBI's liberalised remittance scheme (LRS). Here's how it affects you.
'Presumption of innocence must guide all formal actions, but transparency must not be mistaken for pre-judgment.' 'The cruel irony, however, is that Justice Varma is a fine judge who enjoys a reputation for writing well-reasoned judgments.'
'In today's political spectrum, it is the Bharatiya Janata Party that always says, nation first.'
'...an hour before he was hanged from the film Badal, 'Apne liye jiye toh kya jiye'... 'I saw eight hangings -- Ranga and Billa, Maqbool Bhat, Kartar Singh and Ujagar Singh (Dr N S Jain murder case), Satwant Singh and Kehar Singh (Indira Gandhi assassination case) and Afzal Guru.'
According to the World Bank, economic growth in middle-income countries, including India, is not accelerating. 'In fact, it is slowing down as incomes increase, with the trend becoming more pronounced each decade.'
'The border deal offers a hedge for India against Trump's unpredictability when it comes to his approach to competition with China.'
Indians have topped the number of illegal immigrants from Asian countries caught at land, sea, and air checkpoints of the US since 2022.
Ministry mulls graded funding for sports federations
India's services sector growth quickened in June from May's five-month low, amid a stronger rise in new orders and an unprecedented expansion in international sales, a monthly survey said on Wednesday. The seasonally adjusted HSBC India Services Business Activity Index rose from 60.2 in May to 60.5 in June, pointing to a sharp expansion in output. In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction.
'The flight did not land in Gujarat because the 'Gujarat model' would then get exposed.'
The Indian Diaspora has been able to carve a niche in their adopted countries as a result of their talent, perseverance and hardworking nature, asserts Rup Narayan Das.
The only family Meghana lived with after losing her parents and brother in the tsunami was her dog, Alex. When Alex died after 13 years, she took her ashes to where her own family lay under the ocean. "I wanted her to join the rest of my family and that is one of the best things I have done."
'Modi's intention was to create goodwill that will allow India to be seen by Trump as more than just a bad tariff problem.' 'He succeeded brilliantly on that count but none of these wins are unfortunately permanent.' 'Modi will have to do this again and again if Trump's grievances are to be durably assuaged.'
For Indian parents, sending a child abroad for a three-year degree could deplete 48% of their retirement savings, while a four-year degree may consume up to 64%.
'The finance minister has done as much as she can when you look into the fiscal constraints she had.'
Ajit Jain, rediff India Abroad Managing Editor, Canada, who is travelling with Canadian Prime Minister Stephen Harper on his first-ever visit to India, talks to Canadian mediapersons on their impressions about the trip.
The services sector growth in India moderated in February amid softer expansions in business activity, sales and jobs, a monthly survey said on Tuesday. The seasonally adjusted HSBC India Services Business Activity Index registered 60.6 in February, down from 61.8 in January. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction.
From bhikshus of Ashokan 3rd century BC and medieval Sufis to Oxfam, Omidyar and Soros now, non-State actors have any real power only when they work in conjunction with a real State, asserts Shekhar Gupta.
'We have been fighting to treat political prisoners differently.' 'Except for Hyderabad and Kolkata, the concept of keeping political prisoners separate doesn't exist in India.'
rediffGURU Dr Pananjay Tiwari lists the options and cost of pursuing an MBBS education outside of India.
A maximum of two shortlisted students will be offered financial support for a period of up to three months.
'The BJP should identify those involved in the protest against singing Gandhiji's bhajan and take action against them.' 'Such people should be removed from the party because they harm the BJP's image.'
'It will bring the next wave of awareness and pursuit of excellence from people who want to take chess as a game or a competitive sport or even as a career.'
