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.
The Election Commission of India defends its Special Intensive Revision of electoral rolls in Bihar, stating it enhances election purity by removing ineligible voters. The commission addresses concerns about Aadhaar usage, emphasizing its limited role in identity verification during the SIR-2025 exercise.
rediffGURU T S Khurana answers readers' personal income tax queries.
The Supreme Court acknowledged a clean chit from a special investigation team (SIT) regarding the Vantara zoological rescue and rehabilitation centre in Gujarat's Jamnagar, following allegations of irregularities.
Learn to track your ITR's progress and correct any errors.
Female students of Sri Sharada Institute of Indian Management, Delhi were allegedly forced to visit the quarter of self-styled godman Swami Chaitanyananda Saraswati late at night and one of them was even forced to change her name, the FIR filed against him read.
The average Indian fraudster isn't an outsider exploiting security loopholes. He's usually a man between 26 and 45 years of age, working in operations or procurement, with more than six years at the organisation.
Think again. Not filing could cost you. Here's who must file, who should, and why it matters. What's more, the deadline to file your ITR has been extended till September 15, 2025
Union Home Minister Amit Shah rejects the ceasefire offer from Maoists, stating that surrender is the only option. He also addresses Naxalism's ideological roots and progress in Jammu and Kashmir and the Northeast.
Vidhie Mukerjea, a key witness in the Sheena Bora murder case, denied making a statement to probe agencies, claiming documents in the CBI chargesheet were forged. She also alleged that Rahul and Rabin Mukerjea stole her mother's assets and had a motive to falsely implicate her.
The Delhi High Court has directed Priya Kapur, wife of the late Sunjay Kapur, to disclose all his assets as of his death, following a challenge to his will by his children with Karisma Kapoor.
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.
Experts say the robust filing suggests the second half of the year will see large-scale issuances, provided the markets remain supportive.
The complaint, filed by businessman Deepak Kothari, director of Lotus Capital Financial Services Ltd, claims the incident took place between 2015 and 2023. Kothari alleged that the couple took the money under the pretext of expanding their business but used it for personal expenses instead.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The Delhi high court has protected the personality rights of Bollywood actor Abhishek Bachchan, restraining websites and online platforms from illegally using his name or images for commercial gain without his consent.
Errors in filing income-tax returns frequently lead to scrutiny notices, additional liabilities, or delayed refunds.
Pakistan has approached the Asian Development Bank (ADB) for a USD 7 billion loan to upgrade a major railway line after China apparently declined to support the project. The development of Mainline-I (ML-I) railways between Peshawar and Karachi is stuck due to a lack of funds.
Pre-initial public offering (IPO) allotments have fallen out of favour over the past two years amidst buoyant primary markets and increasing average float sizes. In 2023, 13 firms raised a record Rs 1,074 crore through pre-IPO placements.
Master the online ITR filing process and then learn the differences between the old and new tax regimes to pick your best option.
The Enforcement Directorate (ED) has alleged that Robert Vadra, husband of Congress MP Priyanka Gandhi Vadra, provided evasive responses during questioning regarding a 2008 land deal in Haryana. The ED claims Vadra placed blame on deceased associates and exerted undue influence on government officials.
'Legally clean farmland is difficult to find. It requires time, money, and legal effort to verify the title.'
Reliance Group Chairman Anil Ambani on Tuesday appeared before the Enforcement Directorate here for questioning in a money laundering case linked to alleged multiple bank loan fraud cases worth crores of rupees against his group companies, official sources said.
Andhra Pradesh police identified one of the terror suspects arrested by Tamil Nadu police as a 'big fish' with advanced bomb-making skills. The suspect, Abubacker Siddique, is believed to be a lone wolf influenced by radical preacher Zakir Naik and an expert in making IEDs.
The Enforcement Directorate has summoned Reliance Group Chairman Anil Ambani for questioning in a money laundering case linked to alleged bank loan fraud.
Understand policy inclusions and exclusions to avoid surprises during claims.
Ritika Gupta, a study abroad expert and founder of Aaera Consultants, explains how Germany's new visa rules will affect international students and working professionals.
The National Financial Reporting Authority (NFRA) will invite public comments on the revised International Standard on Auditing 600 (ISA 600) proposed to be adopted by publicly listed companies and non-public-sector banks, sources close to the development told Business Standard. The decision to take this "graded approach" for the adoption of the ISA, which is meant to rein in auditors often found hiding behind the audit reports signed off by subsidiary companies, was taken at a meeting of various financial sector regulators at NFRA's board meeting on Monday (August 26). The idea behind upgrading the Standards of Audit 600 currently followed by Indian auditors to ISA 600 is to plug current gaps, which have led to major audit lapses in the recent past.
'If I have to go back, I would rather go back now because I don't want to face that situation when I'm in my 40s.' A young couple's journey through immigration uncertainty reveals not just the human cost of policy announcements, but a surprising rekindling of love for the homeland left behind.
Nominations and addresses are of paramount importance in bank accounts, insurance policies, mutual funds, etc.
Non-resident Indians (NRIs) haven't gone big on the Indian stock market story despite the post-pandemic boom. While domestic participation through mutual funds (MFs) and dematerialised accounts has soared, NRI participation figures show limited signs of a similar rise.
The Income-Tax (I-T) Department has detected widespread tax evasion involving cryptocurrencies and, according to media reports, has issued emails to thousands of defaulting taxpayers seeking transaction details. Investors must understand the tax rules governing crypto assets and respond promptly to these emails.
Registering the agreement for sale remains the most reliable way for a homebuyer to secure their legal and financial interests.
'Most tax notices arise not from wrongdoing, but from unintentional mismatch or ignorance.'
Digipin promises to revolutionise location-based services in India with safeguards.
Office space owners are looking at good times ahead as rentals are expected to rise due to demand for Grade A office spaces outpacing supply that has been sluggish due to construction delays, long gestation periods and developers' interests shifting to residential.
'Marathwada is the suicide capital of Maharashtra.' 'To stop such man-made disasters, the government should immediately come up with a rightful package, not this charitable approach to compensation.'
Customers must sign the agreement promptly to avoid disruptions. They should read it thoroughly and understand their rights and obligations.
Fraudsters lure individuals with false promises of recovering bonuses or maturity proceeds from lapsed policies.
From tackling visa woes to admission counselling, rediffGURU Dr Karan Gupta helps you choose the right course and country to study abroad.
