'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.'
The Supreme Court on Monday reserved its order on issues pertaining to the renewal of the master rights agreement, which is necessary for holding Indian Super League (ISL) football matches this season.
'Non-BJP state governments and their leaders, navigating today's political landscape, know well they have no clue what awaits around the corner.' 'The chances of charges pressed and oneself getting parked in custody play out on an uneven playing field,' points out Shyam G Menon.
Where Half CA 2 scores is in making the audiences care for the characters to the extent that one holds their breath when the results are declared, Deepa Gahlot notes.
India and the UK have respected each other's political sensitivities during the negotiations for free trade agreement, with New Delhi agreeing to drop its demand on post-study work visas for students in exchange for Britain withdrawing its request to open up legal services here, an official said on Wednesday.
US President Donald Trump signed an executive order directing the Department of Justice to pause enforcing a nearly half-century-old law that was used to launch a bribery investigation against the Adani Group. Trump signed an order to pause enforcing of the 1977 Foreign Corrupt Practices Act (FCPA) that prohibits American companies and foreign firms from bribing officials of foreign governments to obtain or retain business.
Seven out of the 10 listed firms of Adani group have received show cause notices from the Securities and Exchange Board of India (Sebi) for alleged violation of related party transactions and non-compliance with listing regulations, the companies said in their regulatory filings to the stock exchanges. While group's flagship Adani Enterprises Ltd, renewable energy firm Adani Green Energy Ltd (AGEL) and city gas distributor Adani Total Gas Ltd said Sebi sent notices of their parent or holding company controlled by conglomerate's chairman Gautam Adani, ports company Adani Ports & Special Economic Zone, Adani Power, electricity transmission firm Adani Energy Solutions, and commodities firm Adani Wilmar said they have received Sebi notices.
An Odisha college student who set herself ablaze following alleged sexual harassment by a professor has died at AIIMS Bhubaneswar. The incident has sparked outrage, with the Chief Minister promising strict action against the culprits.
Do home prices really never fall? Ramalingam Kalirajan begs to differ.
Investors should be mindful of the high volatility in cryptos: Bitcoin has fallen more than 80 per cent in past corrections.
Among Sensex firms, Maruti zoomed the most by 8.94 per cent. Bajaj Finance rallied over 5 per cent, UltraTech Cement by 3.71 per cent, and Bajaj Finserv by 3.7 per cent. Mahindra & Mahindra, Hindustan Unilever and Trent were also among the gainers. However, ITC was the biggest loser, dropping by 1.26 per cent. Eternal, Tech Mahindra and Larsen & Toubro also declined.
According to a statement issued by the Grand Mufti's office, the decision was made after a high-level meeting held in Yemen's capital, Sanaa, where it was decided to completely cancel the death sentence, which had been temporarily suspended earlier.
Bollywood actress Sonali Bendre, whose ethereal beauty and acting talent made her a popular choice for many 90s films and earned her a loyal fan base, has firmly denied rumours linking her to Maharashtra Navnirman Sena (MNS) chief Raj Thackeray after an old video of the two went viral.
The Delhi High Court has ordered a journalist not to host an award event using the name "Ratan Tata National Icon Award" or the trademarks "Tata" and "Tata Trusts". The court found that Ratan Tata's name and the Tata trademarks are protected and that the journalist's use of them was unauthorized. The case was filed by Sir Ratan Tata Trust and Tata Sons Pvt Ltd, who alleged that the journalist's actions caused harm to their reputation and goodwill. The court also ordered the journalist to stop using the logo and pictures related to Ratan Tata and Tata Trusts.
According to the complainant, he belongs to the Adi Dravida community, a Scheduled Caste, and was subjected to caste-based remarks several times at the workplace.
The Indian government is making every possible effort to save an Indian nurse facing execution in Yemen for murder, the Centre told the Supreme Court.
The Supreme Court has directed authorities in Delhi-NCR to relocate stray dogs to shelters, emphasizing public safety and addressing concerns about dog bites, particularly among vulnerable populations.
Tesla is set to officially enter the Indian market with the launch of its first experience center in Mumbai. The move follows leasing of warehousing space and discussions with the Indian government regarding tariffs and manufacturing.
A major controversy has erupted in Odisha after Chinese e-commerce platform AliExpress was found selling doormats featuring the image of Lord Jagannath, sparking outrage and prompting police complaints and demands for an apology.
Hindenburg Research, the forensic financial firm that challenged the Adani Group, took its name from the infamous airship that burst into flames upon arriving in New Jersey in 1937. And the counter to its damning report against the conglomerate was dubbed 'Operation Zeppelin,' named after the German dirigible airships used for reconnaissance and bombing during the First World War.
The Quad grouping has called for bringing the perpetrators, organisers and financiers of the Pahalgam terror attack to justice without any delay and urged UN member nations to extend cooperation for it.
Nehal Modi, the younger brother of fugitive diamantaire Nirav Modi, has been arrested in the US based on extradition requests from the Enforcement Directorate and the CBI.
To be eligible, students must have a score of 60 per cent, or an equivalent grade at the undergraduate level.
In today's dynamic economic landscape, commerce and management education is crucial for a global career, says Nayagam PP.
In the last 11 years, India and the world witnessed what he stood for, what he promised and did not deliver, and what he actually stood for and practised without fearing how history would judge him. Modi's tenure has been punctuated with headline-grabbing decisions, symbolic gestures, and stage-managed moments that continue to define his leadership and India's politics, points out Ramesh Menon.
Aakash Educational Services (AESL) has accused EY of conflict of interest and breach of professional conduct in its ongoing dispute involving Byju's. It has also asked EY to disclose all documents, information, or communication it was privy to, in relation to transactions involving AESL.
Microsoft Corp has restored all services -- including email access -- to Russian oil giant Rosneft-backed Nayara Energy, just before a scheduled hearing in the Delhi high court over the service suspension.
A year after the RG Kar rape-murder Swarupa Dutt/Rediff look at the city where it happened, Kolkata -- its study in dichotomy, at once the self-proclaimed cultural capital of India as also a petri dish for a peculiar rage that breeds crimes against women.
The average Indian works 46.7 hours per week, surpassing even China's 46.1 hours. In some sectors, the numbers are even more staggering.
The BRICS nations condemned the Pahalgam terror attack, advocated for a zero-tolerance approach to terrorism, and criticized rising tariffs during their summit in Rio de Janeiro. They also addressed global challenges and called for reforms in international institutions.
Taxpayers required to file ITR-2 or ITR-3 can now download the Excel utilities from the I-T department's e-filing portal, fill in their details offline.
'While the current pause offers temporary reprieve and alleviates any immediate legal pressure, the long-term implications remain uncertain.'
An Indian woman sentenced to death in Abu Dhabi for the alleged murder of a four-month-old child has been executed on February 15, the Delhi High Court was informed on Monday. The woman, Shahzadi Khan, was handed over to the Abu Dhabi police on February 10, 2023 and sentenced to death on July 31, 2023. Her father, Shabbir Khan, had filed a petition seeking information about her well-being. The court was informed that the woman's last rites will be held on March 5.
US President Donald Trump's plan to sign an executive order to cut prescription drug prices by 30-80 per cent could lead to a global price adjustment with pharma firms pushing lower-cost countries like India to raise prices, according to the economic think tank GTRI. The US move could push prices in lower-cost countries like India as manufacturers would seek to recover losses and R&D costs from these nations.
The speculation about the likely cabinet reshuffle in Maharashtra strengthened on Saturday, with senior Bharatiya Janata Party leader and minister Chandrashekhar Bawankule stressing that Chief Minister Devendra Fadnavis' discretion is supreme among allies.
A first-year student of a law college in south Kolkata was allegedly "gang-raped" inside the institution by an alumnus and two senior students of the institution, a police officer said on Friday.
"This entire period is highly sensitive in terms of law and order, healthcare, sanitation, education, and disaster management. Hence, all related departments and district administrations must work with coordination and accountability," Adityanath said, according to an official statement.
Majithia and his wife claimed that members of the Vigilance Bureau barged into their house in Green Avenue in Amritsar. They claimed that a similar raid was conducted at their residence in Chandigarh.
India abstained from a UN General Assembly vote on a resolution regarding Afghanistan, citing the need for a balanced approach that combines incentives and disincentives, and calling for new initiatives to address the humanitarian crisis.
The Nationalist Congress Party (NCP) has expelled a local leader and his son after they were named in a dowry harassment and abetment to suicide case in Pune, India. The victim, Vaishnavi, allegedly hanged herself on May 16 after facing harassment from her in-laws for dowry. The police have arrested her husband, mother-in-law, and sister-in-law, while the father-in-law and brother-in-law are absconding. The case has garnered attention due to the involvement of Maharashtra Deputy Chief Minister Ajit Pawar, who attended the couple's wedding and gifted them an SUV.
