Companies may foot less of the tax bill for some time yet. The corporate share of net direct tax collections has been lower in 2024-25 than in previous years. The corporate segment accounted for 45.6 per cent of total net direct tax collections as of March 16, compared to 48.1 per cent on the same date in 2023-24 (FY24).
Actor Vijay, founder of the Tamizhaga Vettri Kazhagam (TVK) party, has declared that his party will challenge the ruling DMK in the 2026 Tamil Nadu Assembly elections. In a general council meeting, Vijay criticized the DMK's dynasty politics, their handling of law and order, and women's safety. He also targeted the BJP-led central government over issues like the Waqf Bill, delimitation, and the three-language policy. Vijay promised his party's support to working classes, government employees, and vowed to oppose projects harmful to natural resources and agriculture. He assured 100% safety for women and strict law and order if TVK forms the government. The party passed resolutions opposing the Waqf Bill, delimitation, and the three-language policy, and also voiced support for the two-language policy, finding a permanent solution for fishermen's issues, and opposing the Parandur airport project.
These cases are being reopened under Section 147 of the Income Tax Act, which empowers the department to reassess income if it believes that taxable income has escaped assessment.
Opposition MPs, some of whom have given their dissent, slammed the exercise as undemocratic, claiming that they were given little time to study the final report and frame their dissent notes.
Inputs from religious texts, scriptures of local dialects and inspirational word-of-mouth stories will also be included.
Fourth-term Bharatiya Janata Party MP Nishikant Dubey, one of the more vocal party members in the Lok Sabha, launched a broadside against the Supreme Court on Saturday, saying Parliament and state assemblies should be closed down if the apex court has to make the laws.
The Archaeological Survey of India informed the JPC that 280 protected monuments have been listed as Waqf properties.
Villarreal fought back to shock Barcelona 3-2 on Sunday, handing the LaLiga champions their first league defeat since late December.
Vice President Jagdeep Dhankhar on Thursday questioned the judiciary setting a timeline for the President to take decisions and act as a "super Parliament", saying the Supreme Court cannot fire a "nuclear missile" at democratic forces.
'Such a remark does not behove the Prime Minister. Also, you have brought the country's youth to this point. There are no jobs. The only option is to fix punctures or sell fritters. Muslims don't just make punctures. I can list what Muslims have made'
Lok Sabha Speaker Om Birla is expected to name the committee's chairperson soon.
The Insurance Regulatory and Development Authority of India (Irdai) has asked at least 10 general and life insurance companies to submit a detailed road map for their listing strategies by the end of this month, according to multiple sources with direct knowledge of the matter. "The regulator met four life and six general insurers last month and asked them to provide their listing strategies by the end of February," said one of the sources.
In more than one way, it's a setback for the DMK and Chief Minister Stalin in political terms. The electoral fall-out, if any, will have to wait until the next summer, only when assembly elections are due in the state, explains N Sathiya Moorthy.
Protests against the Waqf (Amendment) Act turned violent in Cachar district of Assam on Sunday, with protesters throwing stones at police and the police using batons to disperse the crowd. The incident occurred in Berenga area of Silchar town where around 300-400 people protested without permission. The Cachar district administration imposed prohibitory measures across the district under Section 163 of the Bharatiya Nagarik Suraksha Sanhita (BNSS) to prevent further unrest. The order prohibits gatherings of five or more people without permission, carrying weapons, organizing protests, and traffic disruptions.
Ahmedabad civic authorities launched a massive demolition drive on Tuesday, razing over 2,000 illegally constructed houses and properties in the Chandola Lake area. The operation, which involved around 50 teams equipped with earthmovers and 2,000 police personnel, was carried out days after illegal Bangladeshi immigrants were detained from these settlements. The Gujarat High Court declined to stay the action, observing that the dwellings were situated on the periphery of the water body and therefore subject to demolition under the Land Revenue Code. Authorities also demolished the illegal farmhouse of Lalu Pathan, alleged mastermind behind the encroachments, who is suspected to have helped illegal immigrants obtain rental accommodation and Aadhaar cards.
India's Parliament is set to begin its Budget session on Friday, with opposition parties poised to demand a discussion on the alleged mismanagement of the Maha Kumbh festival in Prayagraj, where 30 pilgrims died in a stampede. The opposition also accused the government of politicising parliamentary committees and pushing its agenda through its majority. The session will start with President Droupadi Murmu addressing both houses of Parliament. Finance Minister Nirmala Sitharaman will present the Union Budget on Saturday for the eighth consecutive time.
Major credit issuers, including the largest - HDFC Bank - have integrated their systems with the Bharat Bill Payment Systems (BBPS) for receiving credit card repayments via third-party applications.
The Telangana government has become the first state in India to implement Scheduled Castes (SC) categorisation, dividing the 59 SC communities into three groups with varying reservation quotas. The decision was made after a commission headed by retired High Court judge Justice Shameem Akther recommended the categorisation. The implementation of SC categorisation in Telangana coincides with the birth anniversary of BR Ambedkar, architect of the Indian Constitution.
After being marooned in space for nine months, Astronaut Sunita Williams is back on earth along with her fellow astronaut Butch Wilmore.
'The BJP lacks a credible mass leader who matches Mamata Banerjee's popularity.' 'Given the division of votes among Opposition parties, the West Bengal government's dole-giving strategy, and the consolidation of the poor, significant sections of scheduled caste groups and Muslim minorities behind the ruling party, it will be difficult to dislodge the Trinamool from power.'
Unless Governor Ravi or the Union of India moves in appeal, seeking a hearing by a constitutional Bench, this is where it all will have to end, observes N Sathiya Moorthy.
Karnataka Deputy Chief Minister D K Shivakumar denied on Monday making any comments regarding changing the Constitution to accommodate four per cent reservation for Muslims in the state. He claimed he was "misquoted" and warned of moving a breach of privilege motion. Shivakumar's remarks came after the BJP forced repeated adjournments in the Lok Sabha over his alleged comments on the matter. The BJP has accused Shivakumar of seeking to change the Constitution for political gain, highlighting the ongoing controversy surrounding reservation policies in India.
Rajya Sabha Chairman Jagdeep Dhankhar has rejected a privilege notice against Union Home Minister Amit Shah after he cited a 1948 government press release to authenticate his statement that a Congress leader was part of the management of Prime Minister's National Relief Fund. Congress general secretary Jairam Ramesh had moved the notice against Shah for "casting aspersions" on Congress Parliamentary Party head Sonia Gandhi.
When Gensol Engineering made its public market debut through a small and medium enterprises (SME) initial public offering (IPO) in September 2019, its promoters held a commanding 96 per cent stake. Now, that figure has shrunk to a "negligible" fraction.
'When voting clause by clause on Waqf came up in the JPC, the TDP and JD-U supported the BJP on each and every clause.'
BJP will find it tougher to push contentious Bills, especially those that would require Constitutional amendments, without the support of its allies and cooperation from the Opposition.
A 37-year-old man accused of raping a woman inside a bus at Swargate bus station in Pune was arrested after a days-long manhunt. The accused, Dattaray Ramdas Gade, was hiding in a paddy field in his native Shirur tehsil. Police used drones and sniffer dogs to track him down.
'Of course, people will have to carry documents all the time. There is overall uncertainty in living in the US.'
A Mitchell Starc-inspired Delhi Capitals defeated Rajasthan Royals via the Super Over.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
'It was inspired by the Hamas attack and was like their attack -- well planned and well executed.'
Uttar Pradesh Chief Minister Yogi Adityanath launched a scathing attack on West Bengal Chief Minister Mamata Banerjee over the violence during protests against the Waqf law, accusing her of remaining silent while "Bengal is burning." He also said that the only treatment for rioters is stick, as "Those who respond only to thrashing don't understand words."
Protests against the Waqf Act turned violent in parts of West Bengal on Friday, with demonstrators setting ablaze vehicles, disrupting traffic and rail movement, and injuring several policemen. The unrest erupted in Suti, Murshidabad district, where protesters defied prohibitory orders, hurled stones at security personnel, and torched police vans and public buses during processions. Police responded with lathi charges and tear gas, while some officers were forced to seek refuge in a nearby mosque. Similar protests were held in Malda and Kolkata, prompting Governor C V Ananda Bose to direct the state government to take swift action against those responsible. The governor also contacted Union Home Minister Amit Shah and held discussions with Chief Minister Mamata Banerjee. The Waqf (Amendment) Bill, which was recently passed by both houses of Parliament, aims to improve the management of Waqf properties, safeguarding heritage sites and promoting social welfare.
For a story that thrives on jumpscares and gruesome kills, The Monkey has enough tricks up its sleeve. The shockers keep you entertained for the most part, observes Mayur Sanap.
The first lady met 'members of Congress on a bill could speed the removal of intimate imagery posted online without an individual's consent, or revenge porn,' Associated Press reported.
Railways Minister Ashwini Vaishnaw on Monday said a fair enquiry is being conducted regarding the stampede which took place at New Delhi railway station last month and said the government is implementing a slew of measures to avoid such incidents in the future.
The state government said these bills had been pending with the governor for as long as about two years and his action "subverted" the functioning of the state legislature, rendering its very existence "ineffective and otiose".
The parliamentary committee scrutinising the Waqf bill is set to propose that existing 'Waqf by user' properties will remain so if not in dispute or are government facilities but they must be registered before the new law takes effect, providing little relief to Waqf bodies in their unverified title claims.
After effecting two back-to-back 25 basis points rate cuts, Reserve Bank Governor Sanjay Malhotra on Wednesday hinted at another reduction in key policy rate by changing the central bank's monetary stance to 'accomodative' from 'neutral', which may further lower EMIs for consumers.
Bharatiya Janata Party on Thursday issued a three-line whip to all of its Lok Sabha MPs asking them to be present in the House for the passing of the Union Budget 2025-26.
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