Category: Finance

India’s net direct tax collections for 2024-25 (FY25) grew 9.81% to Rs 4.62 trillion till June 16 of the first quarter over the same period in FY24. Of the total tax collected until June 16, corporation tax accounted for Rs 1.81 trillion, while personal income tax (I-T) stood at Rs 2.69 trillion. This includes advance […]

In a move to deepen manufacturing in electronics in India, the Centre is targeting 35-40 per cent value-addition through the yet-to-be launched production-linked incentive (PLI) scheme for electronics components. This target implies doubling of value-addition from the current levels of 18-20 per cent in the case of electronics manufacturing through various incentive schemes. The target […]

BEIJING, June 1 (Xinhua) — A research team from China’s Shanghai Jiao Tong University has developed a six-legged guide robot for visually impaired people that is expected to address the country’s shortage of real guide dogs. “We believe our robot will function as a ‘pair of eyes’ for visually impaired people,” said Professor Gao Feng […]

The Income Tax Department, in a recent notification, has mandated that taxpayers link their Permanent Account Number (PAN) with their Aadhaar by May 31, 2024, after this date your PAN will become Inoperative and will be of no use as you cannot use if for any financial transaction, KYC, leads to higher tax deductions, cannot File […]

1. Service of Notice: Section 169 1.1 The Notices must be served to you by 31-May-2024. 1.2 Notice could be served by sending email or upload on portal. ARR 1.3 Please check Notice tab and Additional Notice tab. 2. DIN 2.1 DIN is mandatory as per CBIC Circular No. 122 and 128 2.2 ARR: DIN is mandatory in few States also […]

TDS on Salary under Section 192 of the Income Tax Act TDS on salary means that tax has been deducted by the employer at the time of depositing the salary into the employee’s account. The amount deducted from the employee’s account is deposited with the government by the employer. Before an employer deducts tax at source from […]

The Insurance Regulatory and Development Authority of India (IRDAI) has issued a directive requiring insurers to expedite the approval of cashless claims, setting a strict three-hour deadline. This regulation is part of IRDAI’s broader effort to improve the health insurance system in India, emphasizing customer satisfaction and transparency. The circular also encourages insurers to broaden […]

The market is on the edge of a tense standoff between optimistic and pessimistic forces next week as election excitement reaches a critical point. Foreign portfolio investors (FPIs) have taken the most significant net short positions in index futures ever recorded, while retail and high net-worth investors (HNIs) show an all-time high bullish stance in […]