The contrast with the old Income-Tax Act is stark. The 1961 law ran into 512,000 words; the 2025 one pares that down to 259,000. Chapters have been cut from 47 to 23, while sections have reduced from 819 to 536. One of the clearest changes is terminological. The confusing twin concepts of 'assessment year' and 'previous year' have been scrapped.
'We will be able to anticipate the full picture of the impact after August, which is also the time when demand for a year begins to peak ahead of the December holidays and Valentine's Day.'
Infosys has opened a new development centre at Gujarat International Finance Tec-City (GIFT City), Gandhinagar, to develop solutions for global Banking, Financial Services, and Insurance (BFSI) clients.
The MiG-21's sharp silhouette and supersonic roar will live on in the memories of those who flew it, those who maintained it, and those who watched it streak across the sky as a symbol of India's strength, asserts IAF veteran Air Commodore Nitin Sathe (retd).
The future of the Asia Cup -- a six-team tournament, which will be played in T20 format, is clouded in uncertainty.
Barcelona dropped their first points in LaLiga this season as Rayo Vallecano fought back to secure a 1-1 draw at home to the champions.
This innovation has made mainframes the fastest-growing segment within IBM's Infrastructure business, demonstrating that even legacy technologies can continue to deliver value.
India and England came together to honour the victims of the tragic Ahmedabad air disaster, paying tribute with a minute's silence and black armbands in a show of shared grief and solidarity.
The two sides are set to face each other in the semi-finals of the ongoing World Championship of Legends (WCL), but deepening diplomatic strains and strong public sentiment in India have cast serious doubt on whether the match will actually take place.
The shocking scenes of physical and psychological trauma unfolded on a massive scale as search and rescue operations were underway, digging out mud-buried bodies and rescuing the injured trapped in slush and rocks after flash floods triggered by a cloudburst devastated Chositi village in Jammu and Kashmir's Kishtwar district on Thursday.
Former champion Iga Swiatek kicked off her US Open campaign with a 6-1, 6-2 win over Colombia's Emiliana Arango on Tuesday as the Pole aims to keep her hot streak on track in New York.
India and the US on Wednesday marked their maiden space collaboration with the successful flight of a GSLV rocket that placed an earth observation satellite, jointly developed by the two space agencies, in a precise orbit.
Microsoft chairman and CEO Satya Nadella on Tuesday said there is a tremendous momentum in cloud adoption, as he termed cloud a "big game changer". Nadella, who is currently in India, addressed Microsoft Future Ready Leadership Summit in Mumbai on Tuesday. He is also scheduled to visit Delhi and Bengaluru this week, and will be meeting key customers, startups, developers, educators and students during his India visit.
Generative AI is transforming workplaces but at a cost -- there are fewer jobs for young workers just entering the workforce, reveals a Goldman Sachs report.
Sai Sudharsan was shadow batting on a covered square at Old Trafford on the eve of the fourth Test, an old habit that keeps the top-order batter mentally ready for the next opportunity that comes his way.
As Tata Consultancy Services (TCS), gets ready to lay off about 12,261 employees from its global workforce this year, here's what it means for your career.
Coal-to-airports conglomerate Adani group is set to make a splash in the tech world. The group is considering the creation of customised artificial intelligence (AI) models for commercial prospects and consolidating digital services on a super app, according to people in the know. The Adani One app, part of its consumer-facing businesses, is reportedly in talks to expand into e-commerce and digital payments, according to a Financial Times report.
Delivering her sixth straight Budget, on Thursday, Finance Minister Nirmala Sitharaman left the taxpayers disappointed by not proposing any changes.
'Advanced skills is such a broad spectrum that a simple prompt engineer to a critical upper end LLM developer are clubbed under one.' 'In addition, some include their non-technical employees who can use AI tools under this talent base.'
India may have made tactical errors, but former cricketer Sanjay Manjrekar believes the bigger culprit was the weather.
'Begin with a small investment, observe performance, then scale up gradually.'
Professionals will be required to either learn new tech skills that focus on AI, cloud computing, or risk becoming obsolete, says Arun Prakash M.
From the Sensex pack, Asian Paints, UltraTech Cement, Power Grid, ICICI Bank, Reliance Industries, Hindustan Unilever, Bharat Electronics and Sun Pharma were among the major gainers. In contrast, Trent, Eternal, Axis Bank and Titan were among the laggards.
'There is a shift in what customers are thinking about in the long term and better planned structures are going to emerge as winners.'
Infosys commits to hiring 20,000 graduates amid industry-wide layoffs and uncertainty.
'People are taking effort to train and adapt to current skills.' 'If that is not there, they are not useful to us.' 'They have to adapt to new technology, and what is important is learnability.'
The former India wicketkeeper believes the game still had some cricket left in it and that India had earned the right to continue batting.
'Our vision is to become a GenAI managed services provider.'
Sanju Samson walked off clutching his side, unable to return for the rest of the innings
Images from Day 5 of the fifth Test between England and India at The Oval, London, on Monday.
In Professor Sulochana Gadgil's passing, India has lost a scientific giant, a fierce intellect, and a compassionate soul, remembers Dr Madhavan Nair Rajeevan.
'It feels emotional because only me and the people who are close to me know exactly what we have been through on and off the court, and it has been everything except easy.'
Lightning claims more lives in India annually than any other extreme weather event. Between April and July this year alone, 1,621 people died due to lightning strikes.
Shubman Gill's early days as India's Test captain have stirred intense debate -- not just for his on-field decisions, but for a noticeable shift in persona.
Indian IT services major Infosys on Thursday announced that it will expand collaboration with tech giant Microsoft to drive enterprise cloud transformation globally. According to a statement, the extended strategic collaboration between Infosys and Microsoft is expected to benefit enterprises by bringing them the best of Infosys Cobalt cloud offerings and Microsoft's cloud computing technologies, led by Azure, across the business value-chain.
'The lakes up there were already at the brink due to accumulated rainwater, and then snowmelt occurred.' 'When one lake breached, it triggered a cascading effect -- other lakes breached subsequently.'
Shubman Gill lauded fast bowlers Akash Deep and Mohammed Siraj for stepping up in the absence of pace spearhead Jasprit Bumrah
When the government chooses to either ignore or use identity documents only when it suits them, it shakes people's sense of stability, notes Shyam G Menon.
An IndiGo flight from Delhi to Srinagar encountered severe turbulence near Pathankot on Wednesday, prompting the crew to request permission to enter Pakistani airspace to avoid the weather. However, their request was denied. The aircraft, an A321 neo operating flight 6E 2142, experienced hailstorm and turbulence, triggering various warnings and forcing the autopilot to trip. The crew managed to safely land the aircraft in Srinagar after a harrowing experience. The incident is under investigation by the Directorate General of Civil Aviation (DGCA), which confirmed there were no injuries to passengers but noted damage to the aircraft's nose radome.
Aviation watchdog Directorate General of Civil Aviation has revised its operational guidelines for operators during adverse weather conditions, emphasising that safety should take precedence over 'schedule adherence' and encouraged pilots to divert flights in unpredictable conditions.
