Under an Executive Order issued by the US administration on July 30, 2025, goods valued above USD 100 will be subject to customs duties in America with effect from August 29 onwards.
'I am doing the drive in making sure that people pass this on. So the drive is not with distrust. The drive is just in case.' 'Just in case it doesn't get passed on, I am here.'
The new Income Tax Bill, passed by Lok Sabha on Monday, has retained the provisions regarding ITR filing for TDS claims and tax exemptions for anonymous donations made to all religious-cum-charitable trusts, as in the existing tax laws. The original Income Tax Bill, which was brought in Parliament in February, had done away with this exemption and the ITR filing flexibility for claiming TDS refunds.
Any defect identified by the expert would have to be rectified within one month, failing which compensation of 5,000 per day would be payable.
Learn to track your ITR's progress and correct any errors.
Simplifying GST rates, removing exemptions, easing disputes, and speeding up refunds can boost investment in India and offer the best reply to Trump's tariffs, observes V S Krishnan, former member, Central Board of Indirect Taxes and Customs.
Taxpayers have been advised to file accurate particulars of their income and contact details, and not to fall prey to agents or intermediaries promising undue refunds.
India Post has suspended all mail operations to the US due to a lack of clarity regarding new customs regulations imposed by the US Customs Department. The suspension affects all categories of mail, including letters, documents, and gift items.
The Supreme Court on Friday upheld JSW Steel's Rs 19,700-crore resolution plan for debt-ridden Bhushan Power and Steel Limited (BPSL), bringing down curtains to a prolonged legal battle that spanned nearly eight years.
Indian airlines are resuming normal services to Kathmandu after the airport reopened following unrest in Nepal. Air India and IndiGo will operate additional flights to bring back stranded passengers.
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
'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.'
'By leveraging user data from WhatsApp, Meta can enhance its technology.' 'It (user data) is collected by me, it's my personal property. Shall I give it to my competitors?'
Amid escalating India-US trade tensions, Nita Mukesh Ambani Cultural Centre -- the tony cultural event outfit run by billionaire Mukesh Ambani's wife -- has postponed next week's theatrical event in New York, citing "unforeseen circumstances".
Errors in filing income-tax returns frequently lead to scrutiny notices, additional liabilities, or delayed refunds.
Since items in the 12% category account for only about 5% of total GST, the additional boost to consumption may not be significant, points out M Govinda Rao.
'Money moves in a web of transactions and payment addresses keep changing for offshore companies, which requires heightened monitoring measures.'
Given that a sizeable part of this money is part of the coveted current accounts and savings accounts, it is surprising that banks are not in a hurry to revive these accounts, notes Tamal Bandyopdhyay.
'With new technology and stricter checks, cheating on taxes is just not worth it anymore.'
GST, net of refunds, now yields close to 20 trillion to both the Centre's and states' exchequer.
The tree, about seven years old, will be transplanted near the Prerna Sthal, which houses the statues of national icons and freedom fighters that were earlier at different places on the premises.
The biggest risk for investors isn't the market, but their own minds, biases and emotions often lead to poor financial choices.
The Supreme Court has ruled that motor vehicle tax is not applicable if a vehicle is not used or kept for use in a 'public place'. The ruling came on an appeal challenging a judgement of the Andhra Pradesh High Court.
Fraudsters lure individuals with false promises of recovering bonuses or maturity proceeds from lapsed policies.
'It was like rigorously preparing for a solid, good exam...' 'I don't know what marks I will get, but I felt the rigorous preparation of an exam.' 'You may sweat, but I feel rejuvenated.'
Organise your PAN, Form 16, Form 26AS, AIS, and all other proofs before e-filing.
'Things may get much worse before they get better,' predicts Ajay Chhibber.
'Employers increasingly want candidates who can take AI pilots from proof-of-concept to production-ready systems.' 'That requires governance, monitoring, and ROI measurement -- skills that go beyond coding and into business impact.'
'Ek baar aap GST dekh lo!' - Prime Minister Narendra Modi's gentle nudge to Finance Minister Nirmala Sitharaman in December last year sparked the beginning of a mammoth exercise to overhaul the tangled goods and services tax regime. And the final outcome is a significantly simplified system with lower tax rates and easier compliance for businesses.
The Enforcement Directorate (ED) has frozen Rs 110 crore and seized 1,200 mule credit cards following searches against the Indian operations of Parimatch, a Cyprus-based online betting platform, for alleged money laundering and cheating investors.
Although most high-frequency traders (HFTs) prefer to set up shop close to stock exchanges to enjoy better latency, a few are willing to sacrifice proximity to save a few bucks. Two HFTs have already established their offices at the GIFT City (Gujarat International Finance Tec-City) IFSC while many more are likely to follow suit.
Many buyers skip or misread critical provisions in builder-buyer agreements.
Arjun Erigaisi had to face involuntary downgrade from business class, rude staff and above all baggage loss.
Air India Pune-bound flight from Delhi suffered a bird hit on Friday, forcing the airline to cancel its return journey.
Master the online ITR filing process and then learn the differences between the old and new tax regimes to pick your best option.
Consequently, the return flight AI142 from Paris to Delhi of June 18 also stands cancelled, it said.
Air India's flight to London from Ahmedabad, which has started operating with a new code post the June 12 crash of AI-171, was cancelled on Tuesday due to "operational issues", an airport official said.
One of the most exploited provisions is Section 10(13A), which permits exemption on HRA.
Air India will begin operating flights between Ahmedabad and London Heathrow from August 1, replacing the Gatwick route. The airline is also partially resuming domestic and international services suspended after a fatal plane crash. Some routes will remain suspended until September 30, while others will see increased frequency.
Images from Day 5 of the fifth Test between England and India at The Oval, London, on Monday.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances