'If a charitable or religious trust sells a capital asset -- such as land, buildings, shares -- and makes a capital gain, it can avoid paying tax on that gain if it reinvests the proceeds in another capital asset for its charitable purposes.'
A controversy had arisen over his stay at the official residence of CJI at 5, Krishna Menon Marg, New Delhi, beyond permissible time.
The famous 'tareekh pe tareekh' dialogue from the Hindi movie Damini captures where we are now.
On his 200th birth anniversary, Utkarsh Mishra traces the life, thought, and legacy of Dadabhai Naoroji, the Grand Old Man of India.
'The new Bill introduces no policy or rate changes, leaving financial planning strategies largely unaffected.'
'The considerations for choosing between the old and new tax regimes remain essentially unchanged.'
The Securities and Exchange Board of India (Sebi) is set to introduce key reforms aimed at facilitating smoother mega initial public offerings (IPOs). Key among the proposals is a reduction in the quota reserved for individual investors - those applying for less than Rs 2,00,000 per application - from the current 35 per cent to 25 per cent for large IPOs (issue size above Rs 5,000 crore).
In a move aimed at checking child trafficking and their exploitation for begging, the Punjab government directed all deputy commissioners (DC) to conduct DNA tests on children found begging with adults on the streets to verify their relationship, officials said on Thursday.
Trump's new rules for how countries should treat him have led to the current breakdown in India-US relations, explains Ambassador T P Sreenivasan.
Cattle trade has been suspended in several weekly markets in Jalna district, Maharashtra, following allegations of harassment and attacks by cow vigilantes. Traders cite prolonged legal battles and selective targeting as reasons for the boycott.
'We had very narrow negotiations that were quite useful.'
The Monsoon session of Parliament concluded after facing disruptions and protests over the revision of electoral rolls in Bihar. Despite the disruptions, the government managed to pass key legislations.
The government is likely to push for the passage of the National Sports Governance Bill in the Lok Sabha, despite ongoing parliamentary disruptions due to opposition protests over the Special Intensive Revision (SIR) of electoral rolls. Other bills are also listed for consideration.
A bench comprising Chief Justice B R Gavai and Justice Augustine George Masih asked senior advocate Kapil Sibal, appearing for those challenging the validity of the law, and Solicitor General Tushar Mehta, representing the Centre, to file their written notes by Monday.
The government has not made any amendments to the foreign direct investment (FDI) policy for countries sharing land border with India, sources said on Wednesday. In 2020, the government issued Press Note 3 under which investors from these land bordering countries have to mandatorily take prior approval of the government for making investments in any sector.
The Centre has told the Supreme Court that imposing fixed timelines on governors and the president to act on bills passed by a state Assembly would amount to one organ of the government assuming powers not vested in it by the Constitution and lead to a "constitutional disorder".
The Trump administration is implementing a pilot program requiring visitors from countries with high visa overstay rates to pay a bond of up to USD 15,000.
Whenever possible, the karta or head of the family should openly discuss the future distribution of movable and immovable property with all legal heirs.
The Supreme Court declined to examine a plea challenging a PMLA provision, stating the issue lies in the law's abuse, not the law itself. The court allowed the petitioner to approach the High Court if procedures weren't followed.
The BCCI has amended its playing conditions, introducing a provision for "serious injury replacements" in multi-day domestic tournaments for the upcoming season.
'When Harivansh sits in the chair, you feel your voice will be heard.'
'Earlier, we used to talk about a deficit economy. There is a deficit in democracy' 'If you read superficially Gandhi and Ambedkar and Nehru, some misconceptions and misunderstanding come to mind, as if they were at loggerheads and they differed radically in their views' 'India is one nation. There is only one citizenship. No citizenship for South India and no citizenship for North India and another for the Northeast'
The move comes a few days after the Yunus-led government dropped the portrait of the country's founding father and deposed prime minister Sheikh Hasina's father Mujibur Rahman from new currency notes.
The Supreme Court of India has sought responses from the Centre and others on a petition challenging the constitutional validity of certain provisions of the Waqf Act, 1995. The petition argues that the Act gives undue favor to waqf properties and deprives non-Muslims of their property rights. The court has tagged the petition with pending petitions that raise similar issues.
'There is no retrospective changing of the law, only its simplification.'
Inter Kashi become I-League champions after CAS rejects AIFF Appeal Committee decision
Asserting that her government has zero tolerance to incidents of rape, West Bengal Chief Minister Mamata Banerjee on Wednesday said an amendment to existing laws will be passed in the state assembly next week to ensure capital punishment to convicted rapists.
GST, net of refunds, now yields close to 20 trillion to both the Centre's and states' exchequer.
'The Election Commission is conducting the National Register of Citizens in Bihar through the backdoor.'
In October 2024, Jindal Stainless challenged a Goods and Services Tax (GST) notice in the Delhi high court. It was about corporate guarantees issued to related parties by its former group company, Jindal Stainless (Hisar), before their merger in March 2023.
The government rejected the Opposition's demand for a discussion on electoral roll revision in Bihar, citing that the matter is sub judice and pending before the judiciary.
It provides for a broad-based composition of the Central Waqf Council and the State Waqf Boards and ensures the representation of Muslim women and non-Muslims in such bodies.
Patel emphasised that one of the most important features of the bill is the establishment of a dedicated tribunal for resolving disputes, reducing the burden on the judiciary and ensuring quicker justice.
The opposition has been demanding a debate on Operation Sindoor -- the strike on terror sites in Pakistan by the Indian armed forces in response to the terrorist attack in Pahalgam on April 22.
Cristiana Girelli scores at the fag end of the match to put Italy into the last four of the Euros for the first time since 1997.
The All India Muslim Personal Law Board (AIMPLB) has called for a nationwide 'lights out' protest from 9 PM to 9:15 PM on April 30 to oppose the amendments made to the Waqf Act. The AIMPLB spokesperson, SQR Ilyas, stated that the protest is a symbolic expression of solidarity against the 'discriminatory and constitutionally incompatible' amendments. The Board has been running a campaign against the amendments since April 10, organizing meetings and protests across the country.
Pat Cummins is looking at the upcoming five-Test series against India as a chance to 'make amends' for the successive defeats at home against their fierce rivals.
The UP government had issued a string of directives last year after alleged incidents of spitting and mixing urine in eatables were reported.
The recent notification by the Insolvency and Bankruptcy Board of India (IBBI) allowing part-resolution of stressed assets of companies under the insolvency process has sent many resolution professionals (RPs) and committees of creditors (CoCs) back to the drawing board to reassess their strategies for resolving corporate insolvencies.
A nine-month basic training course for newly recruited constables has commenced at eight police training schools in the state, starting on Wednesday, July 23.
Parliament introduces a new 'Health Menu' featuring millet-based dishes, salads, and lean protein options to promote healthier eating habits among lawmakers, officials, and visitors.
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