Congress leader Rahul Gandhi on Friday accused External Affairs Minister S Jaishankar of "collapsing" India's foreign policy and questioned the government's handling of the recent tensions with Pakistan, particularly the US President Donald Trump's role as a mediator. Gandhi's remarks come amidst a war of words between the Congress and the ruling BJP over their leaders' statements on the Indo-Pak conflict.
'Now we have one of the best asset qualities in the industry.'
Deductions missed in Form 16 can still be claimed while filing ITR.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
Sebi on Wednesday revised the disclosure requirements for Real Estate Investment Trusts and Infrastructure Investment Trusts, revising norms related to financial information in offer documents and post-listing disclosures. Under the new rules, REITs and InvITs issuing offer documents or follow-on offers must disclose audited financial statements for the last three financial years and a stub period, if applicable, Sebi said in two separate circulars.
Whether you're a young professional, a seasoned entrepreneur, or someone simply looking to take control of your financial future, adopting these principles can be life-changing, says Ramalingam Kalirajan
The income tax department has notified ITR forms 1 and 4 for assessment year (AY) 2025-26 that are to be filed by individuals and entities with total income of up to Rs 50 lakh a year. Now individuals having long-term capital gains of up to Rs 1.25 lakh in a fiscal year can also file ITR-1.
Registering the agreement for sale remains the most reliable way for a homebuyer to secure their legal and financial interests.
Markets regulator Sebi on Wednesday barred former CEO of IndusInd Bank, Sumant Kathpalia, and four other senior officials from accessing the securities markets in connection with an alleged insider trading in the bank's shares. In addition to the market ban, Sebi has impounded Rs 19.78 crore collectively from the five individuals, according to an interim order passed by the regulator.
Prime Minister Narendra Modi and US President Donald Trump have vowed to move forward with plans to work together to build US-designed nuclear reactors in India. The decision was made during their meeting at the White House, where they also agreed to significantly expand energy cooperation. The move comes after India announced plans to amend its nuclear liability law and the Atomic Energy Act, which had previously been obstacles to the implementation of the US-India civil nuclear deal.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
The reality is that far from being friendless, India is better positioned in the world than at any point post-Cold War, asserts Shekhar Gupta.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
US Vice President JD Vance called on India to drop non-tariff barriers, give greater access to its markets and buy more American energy products and military hardware. Vance, in a speech in Jaipur, highlighted the need for a stronger US-India partnership for a prosperous and peaceful 21st century. He emphasized the importance of working together to address global challenges and praised Prime Minister Narendra Modi, describing him as a "special person." Vance also urged India to provide greater market access to American products and buy more defense platforms and energy from the US. He suggested that India consider dropping some of the non-tariff barriers for American access to the Indian market and highlighted the benefits of closer India-US defense collaboration, advocating for New Delhi to procure more military hardware from the US. He cited the example of American fifth-generation F-35s, arguing they would give the Indian Air Force the ability to defend its airspace and protect its people like never before. Vance also welcomed the Modi government's budget announcement to amend India's civil nuclear liability laws, paving the way for US producers to export small modular reactors and build larger US-designed reactors in India. He emphasized the importance of energy security for India's AI ambitions, stating "there is no AI future without energy security and energy dominance." Vance's visit comes amid growing global concerns over the US's tariff war.
Handbags, wrist watches, footwear and sportswear, priced above Rs 10 lakh will now attract 1 per cent Tax Collected at Source (TCS), as per a notification issued by the Income Tax department. TCS at 1 per cent rate is currently being levied on motor vehicles costing above Rs 10 lakh effective January 1, 2025.
The Government Law College, Mumbai, is inviting applications for its one year part-time Diploma Course in Securities Laws 2025-26.
Until now, salaried individuals having income under the head LTCG were required to file Form ITR-2.
At 82, Amitabh Bachchan is India's highest tax-paying celebrity, surpassing A-listers like Shah Rukh Khan, Aamir Khan and Salman Khan, as well as south superstars like Rajinikanth and Vijay.
Delhi-based electric vehicle (EV) ride-hailing firm Evera Cabs, which grabbed headlines after acquiring 500 cars from the now-defunct cab service BluSmart, is stepping up its presence in the EV cab segment. The company is aiming for revenue of Rs 100 crore in the ongoing financial year (2025-26), up from Rs 18 crore in 2024-25.
The Indian government has said that social media platform X will be held responsible for content generated by its artificial intelligence tool Grok. This comes after users on X asked Grok questions about Indian politicians and the AI platform responded with "unpalatable" answers. The government is currently in discussion with X to understand and assess how Grok works. The government has previously taken action against social media platforms for AI-generated content that has been deemed offensive. In this case, the government is considering holding X accountable for Grok's content, even though it is generated by an AI tool. The government's stance is likely to have implications for other social media platforms that use AI tools.
Tax experts answer your budget-related queries
Five of the seven newly sworn-in ministers in Delhi, including the chief minister, have declared criminal cases against themselves, while two are billionaires, according to the Association for Democratic Reforms (ADR). The findings are based on self-sworn affidavits submitted by the ministers ahead of the 2025 Delhi Assembly Elections. The report highlights that five ministers, including Chief Minister Rekha Gupta, have declared criminal cases against themselves, with one minister, Ashish Sood, facing serious criminal charges. On the financial front, two ministers are billionaires, with Manjinder Singh Sirsa having the highest declared assets worth Rs. 248.85 crores and Kapil Mishra having the lowest at Rs 1.06 crores. The average assets of the seven ministers stand at Rs 56.03 crores. All seven ministers have declared liabilities, with Parvesh Sahib Singh having the highest at Rs 74.36 crores. Six ministers have declared educational qualifications of graduate level or above, while one has completed only the 12th standard. Five ministers are between 41 and 50 years old, while the remaining two are aged between 51 and 60 years. The cabinet includes only one woman minister, the chief minister.
Global cryptocurrency giant Binance has asserted that it never owned or controlled WazirX before or after the embattled Indian exchange was hacked in July that led to a security breach of more than $230 million. Binance added that there was no legal basis for the firm to be liable for claims made against the embattled crypto exchange. It refuted WazirX's claims that the global exchange owns the company, adding that it does not operate the platform.
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.
rediffGURU Yogendra Arora answers readers' personal income tax queries.
Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, founder and CEO, RightHorizons.
ITRs with zero tax liability have increased to 55.7 million in FY25.
All that you must know about the pros and cons of gift deeds, tax implications, essentials, documents required, conditions, etc...
Reserve Bank of India (RBI) Deputy Governor Swaminathan J criticised some non-banking financial companies (NBFCs) for lax loan appraisal practices and charging excessive interest rates, even as he acknowledged the sector's rapid expansion over the past decade, especially in recent years. "Unfortunately, some NBFCs seem to believe they can operate with weak underwriting in the pursuit of fast growth while levying excessive and unsustainable interest rates - sometimes disguised as upfront or processing fees - followed by aggressive recovery methods in case of default," Swaminathan said at the conference of NBFCs in Chennai last month.
'If the BJP detoxifies the nuclear liability law, it will bring economic, environmental and, most of all, strategic benefits.' 'Let's keep our fingers crossed and hope that this Budget promise is met soon -- ideally, before Mr Modi heads to his first meeting with Trump 2.0,' observes Shekhar Gupta.
Rishabh Pant's IPL 2025 campaign hit a new low -both statistically and symbolically - on Sunday, at the HPCA Stadium in Dharamshala.
Bombay Shaving Company CEO Shantanu Deshpande highlights the alarming trend of people in their 40s losing their jobs, calling it a 'financial and emotional disaster.'
Absconding diamond jeweller Mehul Choksi has been detained in Belgium following an extradition request by Indian probe agencies for his alleged involvement in the Rs 13,000 crore PNB bank loan 'fraud' case, official sources said Monday. The action against the diamantaire was taken on Saturday.
rediffGURU T S Khurana answers readers' personal income tax queries.
For every rupee in the government coffer, the biggest pie of 66 paise will come from direct and indirect taxes, according to the Union Budget 2025-26 documents. Around 24 paise will come from borrowings and other liabilities, 9 paise from non-tax revenue like divestment, and 1 paise from non-debt capital receipts, the Budget documents said.
rediffGURU Samkit Maniar answers readers' personal income tax queries
'Choose an FD tenure that provides a balance between returns and the horizon for which you can invest.'
What does this mean for you? Ramalingam Kalirajan explains.
Here's a look at the biggest disappointments of IPL 2025 -- the players who've cost crores but delivered crumbs.
The 56-year-old judge, enrolled as an advocate in 1992, was appointed as an additional judge of the Allahabad high court on October 13, 2014 and took oath as a permanent judge of that court on February 1, 2016.
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