The government is mulling changes in the income tax laws to bring cryptocurrencies under the tax net, with some changes that could form part of the Budget next year, a top official said. Revenue secretary Tarun Bajaj said that in terms of income tax, some people are already paying capital gains tax on the income from cryptocurrency, and in respect of Goods and Services Tax (GST) also the law is "very clear" that the rate would be applicable as those in case of other services.
This year, former Japanese Prime Minister Shinzo Abe has been conferred Padma Vibhushan for his achievement in the field of public affairs.
Flag bearer Tek Chand will lead the Indian contingent -- India will be represented by 54 para athletes, the biggest ever contingent in the history of the Games.
This month, advertisements for managing directors and the senior management team for the National Bank for Financing Infrastructure and Development or NaBFID, should be out, signalling the start of a financial institution (FI) like no other the country has ever had. For this and other reasons government managers associated with the NaBFID project are convinced it should remain a 100 per cent government-owned entity. This is somewhat different from what former economic affairs secretary Tarun Bajaj said when the NaBFID Bill was being tabled in Parliament earlier this year: "To begin with, it will be 100 per cent government owned.
Ahead of the peak festive season, India's passenger vehicle makers are staring at a cumulative order backlog of nearly 500,000 units as chip shortage continues to cripple production. The crisis is forcing companies to change their production plans frequently and take a call on the variants they can manufacture based on the availability of semiconductors. The booking numbers are not a true reflection of demand, said manufacturers.
'I knew that since I would be designing for Sanjay Leela Bhansali's film, the aesthetics would have to be correct.' 'He doesn't show poverty in his films.' 'He won't show someone standing on the streets in phate hue kapde.'
The actor is just perfect as a bride on the cover of Femina Wedding Times.
Crowds at Rajpath and all across the nation were wowed by the various contingents that marched down Rajpath during the Republic Day parade. Take a look!
The government wants new domestic companies to set up their manufacturing units fast and hence the concessional tax rate of 15 per cent has been extended by a year till March 2024, revenue secretary Tarun Bajaj said on Friday. Stating that direct and indirect tax collections are going up and have good buoyancy, Bajaj said it means that the corporate sector is also doing well, and India's tax to GDP ratio could be "highest ever" in the current year. The Budget 2022-23 presented on February 1 has proposed that the concessional 15 per cent corporate tax rate would be available for one more year till March 2024 for newly incorporated manufacturing units.
Finance Minister Nirmala Sitharaman will present the much-awaited 2022-23 Union Budget on February 1. While there has been strong recovery in some sectors, touch services like hospitality, tourism and leisure continue to suffer after two Covid-19 waves. Household savings have been hit due to increased spending on health care. Consumption has still not reached pre-pandemic levels.
The actor is too cool to handle in a rosette duchess satin dress.
Insurance companies are seeking a separate deduction limit of Rs 1 lakh for insurance premium payment under Section 80C of the Income Tax Act in the upcoming Union Budget to bring in more people under the ambit of insurance. The insurers also want reduction in the goods and services tax (GST) rate of 18 per cent currently applied on health insurance products to 5 per cent to make such products more affordable to common people. Finance Minister Nirmala Sitharaman will present the Union Budget for 2022-23 on February 1.
Patel has never held a ministerial post, just like Prime Minister Narendra Modi, who was never a minister when he became Gujarat CM 20 years ago.
Kamala succeeded as she identified herself with the larger minority groups rather than narrow ethnicity, prodded by her mother who did not want to return to India, observes Ambassador T P Sreenivasan, who has done multiple stints in India's embassy in Washington, DC.
Over 2,471 people joined Anil Kapoor to create a new Guinness World Record by holding the abdominal plank position for 60 seconds.
Malayalam superstar Mammootty brings his latest film Mamangam: History Of The Brave to Mumbai.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The former beauty queen looked stunning as the showstopper.
And it's not about jet-setting off on a luxurious holiday!
The levy of retrospective tax on the UK's Cairn Energy Plc is a tale of bizarre twists and turns that saw its attached shares being sold in May 2018 amid the passing of the baton from a full-time finance minister to interim one and the talks at the highest level to resolve the dispute, to claims that levy of back taxes was a result of an investigation into Panama Papers leak. The government late last month refunded about Rs 7,900 crore it had collected from selling residual shares of the British firm in its erstwhile India unit, seizing dividend and withholding tax refunds, to settle an eight-year-old dispute that had tarred the country's reputation as an investment destination. But, this did not come about easily. For seven years, the establishment vehemently justified in courts and outside seeking of Rs 10,247 crore in back taxes plus interest and penalty from a firm that gave India its biggest onshore oil discovery.
The actors of Student of the Year 2 are just too sexy off-screen.
Style Icon of the Year and Vogue India's November cover girl, Anushka Sharma serves up a gorgeously chic look.
The actor, who is celebrating her biggest year yet, glams up on Vogue's December 2019 cover.
First-time buyers of cars and sport utility vehicles (SUVs) have made a comeback, shows last year's data from top passenger vehicle (PV) makers. If the trend persists, it may move the needle on the overall car penetration ratio. India's car penetration ratio is 32 per 1,000 people - one of the lowest, compared to mature car markets like the US and Europe.
Constable Priti Rani was among the hundreds of police personnel deployed for Adityanath's visit.
The government is pushing the public sector behemoth ONGC to involve private sector companies and service providers wherever possible to help raise oil and gas production, Petroleum Secretary Tarun Kapoor said Thursday. Kapoor's comments came days after the second-highest ranked official in his ministry asked Oil and Natural Gas Corporation (ONGC) to give away a 60 per cent stake plus operating control in India's largest oil and gas producing fields of Mumbai High and Bassein to foreign companies. "ONGC has to explore more so that it can discover more oil and gas reserves and bring them quickly to production to raise domestic output. The government is very clear that ONGC has to do more," he told reporters.
15 designers showcased their collections at the the Blenders Pride Fashion Tour.
Finance Minister Himanta Biswa Sarma added to the mystery by declaring only that the next CM would be from the BJP, without naming Sarbananda Sonowal, the CM of the outgoing government.
In the last edition in 2014, India won 33 medals (3 gold, 14 silver, 16 bronze).
The first edition of News18 India's Saas Bahu Aur Devrani Stardom Awards was held in Mumbai.
The first-ever district development council (DDC) elections will be held in eight phases to elect 280 members in 20 districts from November 28 to December 22.
Internet services across Assam will remain suspended till December 16 to prevent alleged misuse of social media in disturbing peace and to maintain law and order in the state, officials said on Saturday.
The iconic Times Square in New York City, reverberating with the chants of 'Vande Mataram' and 'Bharat Mata ki Jai', was on Sunday drenched in hues of saffron, white and green as the biggest Indian tricolour was unfurled at the popular destination to mark the 75th anniversary of India's Independence Day.
A weekly roundup of the best and worst styles from the celebrity circuit. Scroll down to take a look!
India, the world's third-largest energy consumer and importer, on Wednesday warned of high oil prices hurting the nascent and fragile global economic recovery and floated an idea of long-term supply contracts that provide predictable and stable pricing. Speaking at the India Energy Forum by CERAWeek, Oil Minister Hardeep Singh Puri said there was a mismatch between demand for oil and the supplies producers such as OPEC+ were making and there was a case for raising the production. The world, he said, needs "predictable, stable and affordable" prices for it to recover back to pre-pandemic levels.
Passenger vehicle market leaders Maruti Suzuki and Hyundai on Saturday reported a decline in wholesales in December 2021, although homegrown majors Tata Motors and Mahindra & Mahindra reported growth, amid semiconductor shortage continuing to impact production. Other manufacturers Nissan and Skoda also reported an increase in December 2021 sales although Honda Cars India witnessed a decline last month. The country's largest carmaker Maruti Suzuki India (MSI) reported a 4 per cent fall in wholesales to 153,149 units in December 2021 as against 160,226 units a year ago.
'The overall death claims have gone up.'
The Central Bureau of Investigation also pointed out that it is probing the complaint filed by Rajput's father K K Singh against Chakraborty and her family members for allegedly abetting the 34-year-old actor's suicide.
