'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.'
Officials said the government is keen to conform to the convention of the Union Budget for 2026-2027 being presented on February 1 despite it falling on a Sunday in 2026.
The Supreme Court has questioned the practice of Governors withholding assent to bills indefinitely, stating that it renders the constitutional provision of 'as soon as possible' meaningless.
New Zealand batters Rachin Ravindra and Devon Conway have been struck down with illness ahead of the T20 World Cup but head coach Rob Walter is hopeful of a clean bill of health before their tournament gets underway.
Real Madrid squeezed past Atletico in a pulsating Madrid derby while Inter were held, keeping Serie A title race alive.
Gujarat Titans' star players Shubman Gill, Sai Sudharsan, Jos Buttler, Rashid Khan and Kagiso Rabada will be looking to revive their international careers with strong performances in IPL 2026.
Trump signed the bill during a military family picnic at the White House on US Independence Day. The administration had aimed to have the legislation finalised by July 4.
Kanpur Crime Branch arrests a medical store owner for allegedly illegally buying and selling codeine-based cough syrup as part of a larger investigation into the illicit trade of regulated pharmaceuticals.
This weekend, Donald Trump has begun to say the quiet part out loud -- that he wants to take control of Iran's oil, a formulation more in line with his robber-baron style of international relations.
'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 Jan Vishwas (Amendment of Provisions) Bill 2025, aimed at decriminalizing minor offenses to promote ease of living and business, was introduced in the Lok Sabha and referred to a Select Committee.
In a narrow 218-214 vote, the United States House of Representatives on Thursday passed President Donald Trump's massive $4.5 trillion tax and spending bill -- his signature second-term policy package -- just ahead of the July 4 deadline.
Enactment of key legislations like strengthening of anti-rape laws, land acquisition bill and Lokpal bill is likely to be delayed with some Opposition parties objecting to the present form of the proposed measures.
'The best photographs usually happen in between the big moments -- a quiet smile, a nervous laugh, a parent watching from the corner of the room. Those are the moments you can't script,' says Himanshu Patel, celebrated wedding photographer and founder of Epic Stories.
The Supreme Court has granted bail to filmmaker Vikram Bhatt and regularized the interim bail of his wife in a multi-crore rupees cheating case lodged in Rajasthan, involving allegations of misappropriated funds for a biopic project.
Discovering the stunning land of breathtaking temples.
In the present hyper-connected world, there are many domestic and global factors that affect financial markets. Of them, the most powerful and often least predictable are geopolitical events, which often boil down to one diplomatic headline.
'We are profoundly energy-dependent on the Gulf. That dependency must now be redirected towards the United States, because we require American permission to procure oil.' 'We additionally require Iranian permission to acquire oil from that source. So India now has to seek two separate permissions merely to secure its energy supply.' 'Should we be compelled to source from America, or from Venezuela -- which is, in effect, American-controlled supply -- that will inevitably carry a price premium, an elevated shipping cost, and a considerably extended delivery timeline, given the distances involved.'
The Supreme Court has granted bail to filmmaker Vikram Bhatt and his wife Shwetambari Bhatt in a cheating case involving alleged misappropriation of funds. The court ordered their release from Udaipur jail and issued notices to the complainant and the Rajasthan government.
A man in Gurugram was arrested for allegedly defrauding a hotel by using a fake payment application to create screenshots of payments totaling Rs 6 lakhs, allowing him to stay for five months without paying.
A nationwide strike called by central trade unions saw a mixed response across India, impacting various sectors and states differently, with some areas experiencing disruptions while others remained largely unaffected.
Finance Minister Nirmala Sitharaman announces increased domestic LPG production to offset import disruptions caused by Middle East tensions, alongside assurances of fertiliser availability and the clearing of UPA-era oil bonds.
Let us start with ourselves. If we can reduce our LPG consumption by half, the problem is solved. Reduce wastage. Alter eating styles. Diversify methods of food preparation, suggests Vice Admiral Biswajit Dasgupta (retd).
Indian filmmaker Mira Nair attended a party at Ghislaine Maxwell's townhouse, according to newly released Epstein files. The files also mention Bill Clinton and Jeff Bezos were in attendance.
"Death is better for us than your beatings. That is why we are committing suicide... Sorry Papa."
'The next two to three weeks will not be decided in Washington.' 'They will be decided in Tehran, in whatever calculation Iran makes about the costs of continued resistance against the costs of appearing to have yielded.'
Despite international crude oil rates crossing USD 100 per barrel due to Middle East tensions, the Indian government plans to maintain current petrol and diesel prices, ensuring uninterrupted fuel supply across the country.
The Gujarat government plans to amend the Gujarat Registration of Marriages Act to address loopholes and prevent exploitation, particularly concerning "love jihad" cases. The proposed changes include mandatory parental notification and detailed information requirements for marriage registration.
A review of the key contributions from each player in India's victorious T20 World Cup campaign, highlighting individual brilliance and teamwork.
'There is no shortage of fuel whatsoever.' 'India is stock surplus as far as petrol and diesel are concerned.'
The Supreme Court has announced it will begin final hearings on May 5 regarding the constitutional validity of the Citizenship (Amendment) Act, 2019 (CAA), with over 200 petitions challenging the law.
The government has identified 50 public-private partnership (PPP) projects worth over Rs 60,000 crore, significantly surpassing the original targets of the National Monetisation Pipeline, said Ports, Shipping, and Waterways Minister Sarbananda Sonowal at the Business Standard Infrastructure Summit on Thursday.
'It makes law-making on the part of the state governments much more difficult and throws up bottlenecks as governors are not acting on bills.'
The Pakistan Hockey Federation (PHF) is under scrutiny after the Pakistan Sports Board (PSB) confirmed providing over 10 million rupees for the national team's hotel accommodation in Australia, which was allegedly not arranged, leading to significant difficulties for the team.
India captain Suryakumar Yadav dedicated Sunday's T20 World Cup victory over Pakistan to fans across the country.
Dubai's core promise -- that it is an oasis untouched by regional storms -- has been tested in full public view. The coming months will show whether investors view the attacks as a short-lived disruption or a deeper signal of lasting risk, points out Asif Ullah Khan.
The Defence Acquisition Council (DAC) has recently approved procurement proposals worth Rs 79,000 crore across three services and it has cleared AoN (Acceptance of Necessity) of Rs 3.3 trillion in financial year 2026 (FY26).
The World Nature Photography Awards 2026 celebrated breathtaking images of wildlife and nature, with Australian photographer Jono Allen winning the top prize of $1000 for his rare shot of a white humpback whale and her mother.
Will rising tensions between US-Israel and Iran threaten crude oil supply through the Strait of Hormuz, putting India's fuel prices, imports, and economic stability at risk?
'Islamabad feels it has no alternative, but to address the challenges from the Afghan-Taliban through an open war.'
