The Delhi high court on Friday stayed a Rs 1,140 crore angel tax demand raised by the Income Tax department from hospitality and hotel aggregator Oyo's parent company Oravel Stays Private Limited for the assessment year 2020-21. The tax demand was issued under Section 56(2) (viib) of the Income Tax Act, commonly known as the "angel tax" provision, which applies when unlisted companies issue shares at a value exceeding their "fair" market price.
Alexander Zverev won the first set 7-6, but Novak Djokovic has been forced to withdraw from the match due to injury from the Australian Open semi-final on Friday.
India's proposal to impose retaliatory import duty on certain US products in response to American tariffs on steel and aluminium could cast a shadow over ongoing negotiations for a trade agreement between the two countries, think tank GTRI said on Tuesday. The Global Trade Research Initiative (GTRI) said that if the US engages in consultations with India on the matter or withdraws tariffs, a resolution may be reached.
Shah Rukh Khan won his first National Film Award for best actor for Jawan, sharing the honour with Vikrant Massey for 12th Fail. Rani Mukerji was named best actress for Mrs. Chatterjee vs Norway. 12th Fail was adjudged best feature film.
Simona Halep will delay her start to the 2025 season and skip the Australian Open due to pain in her knee and shoulder, the former world number one said on Thursday.
With more than 1.2 million Indians stuck in green card backlogs, investor-driven EB-5 programme sees rising interest as a secure route for migration to the US.
Vietnam was wonderful and the people warm and hospitable, Radhika Mittal discovered over a 11-day stay.
The Enforcement Directorate (ED) faced criticism from the Supreme Court for filing a "half-baked" reply in a bail matter related to the Chhattisgarh liquor scam. The court expressed dissatisfaction with the situation, questioning the accountability of the ED and its advocate-on-record. The ED's additional solicitor general, S.V. Raju, attributed the error to a miscommunication and assured the court that a departmental inquiry would be initiated.
The US has informed the global trade body WTO that the decision to impose tariffs on steel and aluminium, was based on national security grounds and should not be considered as safeguard measures, according to a communication. The US shared this response with the World Trade Organisation (WTO) after India requested consultations under the WTO's Safeguards Agreement on April 11 with America.
The ATAGS has a range of 35-45 kilometres, depending on the ammunition used, and achieved a 47-km firing range during trials.
Infosys has launched a new array of AI-powered innovations and platforms for the 2025 Australian Open.
This is the first case involving India and the US at the WTO after both sides decided to withdraw all seven pending cases at the WTO during the Biden administration.
Osaka, who returned to the tour a year ago after a long maternity break, had shown glimpses of the form that won her four major titles on her run to the final in Auckland.
Here is the complete list of tariffs imposed by US President Donald Trump on Wednesday.
Markets watchdog Sebi on Thursday said it will slap a fresh show cause notice on ZEEL founder chairman Subhash Chandra, and his son Punit Goenka as it vowed to continue the investigation into alleged violation of listing norms against the media baron and his company. The order passed by Sebi's adjudicating officer said the contents of the earlier Show Cause Notice (SCN) issued to them will also be incorporated "in the SCN to be issued in the instant matter".
He reserved his best for the longest format in which he amassed 28 hundreds including a memorable 329 against India at the Sydney Cricket Ground.
The Belarusian became the first woman since her compatriot Victoria Azarenka in 2013 to retain the title
In a year bookended by intractable conflicts and geopolitical fragmentation, India focused on ramping up military prowess by broadly firming up defence procurement worth Rs 4.22 lakh crore even as Indian and Chinese militaries completed pulling back their troops from border face-off points in eastern Ladakh.
The NGT, however, refused to impose any further environment compensation on the AoL.
rediffGURU T S Khurana answers readers' personal income tax queries.
'There cannot be anyone like Air Marshal Keelor -- he was so difficult to emulate.' Air Commodore Nitin Sathe (retd) salutes War Hero Air Marshal Denzil Keelor PVSM, KC, AVSM, VrC who passed into the ages last month.
The Indian Air Force (IAF) has seen a reduction in fighter squadrons due to the phasing out of ageing MiG-21, MiG-23 and MiG-27 aircraft. The Parliamentary Standing Committee on Defence acknowledged the "shortage" and highlighted the multi-pronged approach being taken to address it. This includes the induction of indigenous Tejas fighters and the procurement of additional LCA Mk-1A aircraft. The report also addresses concerns over "incidences of spying" within the IAF and details the action taken against those involved.
A committee headed by Chief Justice of India DY Chandrachud designated 56 lawyers and advocate-on-record as senior advocates, 11 of them women.
More than half a dozen private-sector banks are awaiting regulatory approval for the appointment of a second whole-time director on their boards.
Ukrainian's powerful forehand eventually overcame the 19-year-old Czech, who was the youngest player left in the women's draw.
The proposals cleared by the DAC include new-generation anti-tank mines, air defence tactical control radar, heavy-weight torpedoes, medium-range maritime reconnaissance and multi-mission maritime aircraft, flight refueller aircraft and software-defined radios.
The Bengaluru police are investigating the alleged threat call made to spiritual leader Sri Sri Ravishankar's Art of Living organisation three days ago.Recently, the AoL lodged a complaint alleging that someone had demanded Rs 42 crore from the organisation and threatened to tarnish its reputation if it failed to pay the amount.A day later, non-resident Indian Paul P alleged that AoL grabbed 15 acres of land on Kanakapura Road near Bengaluru where the AoL ashram is situated.
A summary of Friday's action in the Davis Cup group stage matches.
First things first: For those wondering if they need to reapply, the answer is no.
Amidst allegations of land grabbing, the Art of Living has decided to come clean and explain in detail as to how the land owned by it came into their possession in the first place.
If you have any grievances or disputes regarding the demand stated in the notice, consider seeking professional help.
The defence ministry said the proposals approved by the DAC included one on procurement of 7.62x51 mm light machine gun and another on acquisition of weapons MH-60R helicopters of the Indian Navy.
The party has contested the reassessment proceedings, claiming they were barred by limitation.
'Tax is not required to be deducted from specified payments if a recipient files a self-declaration with the deductor for no deduction of tax.'
Taxpayers seeking to save tax from the sale of gold (including inherited) should reinvest the capital gains in residential property to avail of the benefit provided by Section 54F.
A total of nine procurement proposals were approved by the Defence Acquisition Council headed by Defence Minister Rajnath Singh, officials said.
The defence ministry said 98 per cent of the total procurement worth Rs 2.23 lakh crore will be sourced from the domestic industries.
Sachin Tendulkar, VVS Laxman, and Virender Sehwag praised 'inspiration' Bopanna for his incredible achievement.
The announcement on integration of WhatsApp with its Information and Communications Technology (ICT) services was made by the CJI before a nine-judge bench headed by him commenced the hearing on the vexed legal question arising from the petitions about whether private properties can be considered "material resources of the community" under Article 39(b) of the Constitution, which is a part of the Directive Principles of State Policy (DPSP).
More than 60 per cent of shareholders of edutech Byju's on Friday voted for removal of founder CEO Byju Raveendran and his family over alleged "mismanagement and failures" at what was once India's hottest tech startup, but the company dug in its heels, calling the voting done in the absence of founders as "invalid". Prosus - one of the six investors who had called the extraordinary general meeting (EGM) - in a statement said "shareholders unanimously passed all resolutions put forward for vote.
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