Income tax return: While filing your ITR make a note that banks are now reporting total forex spends as a separate category in addition to total credit card spends. According to Gopal Bohra, Partner, N.A. Shah Associates, "Transactions through international credit cards are currently exempt from TCS, and accordingly, banks do not collect TCS. However, banks report all remittances under LRS through TCS filing, irrespective of whether TCS is collected or not."
Budget 2024 Expectations: The electronics industry wants Finance Minister Nirmala Sitharaman to simplify tariff lines and streamline duties for sub-assemblies and input parts in the upcoming budget. They specifically call for reducing the current seven tariff slabs to three and eliminating nuisance tariffs of 2.5% on certain parts.
Delhi CM Arvind Kejriwal challenged his arrest by the CBI in the Excise Policy case, alleging malice. The Delhi High Court issued a notice to CBI, demanding a response within seven days and scheduling a hearing for July 17, 2024. Kejriwal claimed the arrest lacked justification and was based on pre-existing evidence.
Odisha CM announced a two-day holiday for the Rath Yatra, coinciding with the new government's tenure. President Droupadi Murmu will take part in key rituals. The meeting aimed for smooth execution and stakeholder cooperation in the festival.
Whisky has been the dominant this for the industry, around 65% of the IMFL business is whisky. So, we will continue our leadership there. At the same time, we are looking at other opportunities like Gin, Rum and other things which should contribute a significant amount on a future date.
ICICI Prudential Mutual Fund has introduced the ICICI Prudential Energy Opportunities Fund, an open-ended equity scheme primarily focused on investments in the energy sector theme.
The company also pledged to work towards the development of so-called cell-to-pack battery solutions aimed at boosting the range of its EVs, together with South Korea's LGES. In a separate statement, LGES said early on Tuesday it had signed a deal to supply 39 gigawatt hours of LFP pouch-type batteries to Renault to power about 590,000 vehicles, adding the battery cells would be produced in Poland.
Taxpayers are offered wide range of modes for payment, including Net Banking, Debit card, Pay at Bank Counter. List of banks for tax payments available at e-Pay Tax service, as per the Income Tax Department’s website:
A recent study in the British Journal of General Practice suggests that adults over 50 experiencing anxiety may have double the risk of developing Parkinson's disease compared to those without anxiety. Parkinson's is increasingly prevalent globally, expected to affect 14.2 million people by 2040 due to longer lifespans. The study highlights anxiety as a significant risk factor for Parkinson's, alongside other factors like depression, sleep issues, cognitive impairment, and physical symptoms like tremors and rigidity.
Diversification in the investment world is not limited to spreading your bets across asset classes and stocks but Sebi's investigation against Quant Mutual Fund in a front-running case is also a reminder of concentration risk in owning mutual funds from just one asset management company.
Sayyad Nadir Shah Abbas Khan was nabbed in Sewri area by a team of Rafi Ahmed Kidwai Marg police station on Monday, an official said. He was named as an accused in a case of attempt to murder and unlawful assembly during the riots in the city that followed the demolition of the Babri masjid in December 1992.
A workers' union at Samsung Electronics in South Korea plans a strike from July 8-10 to push for a more transparent bonus and time-off system, seeking equal partnership with the company. The strike aims to disrupt production, with analysts noting limited impact on chip output due to automation. Union membership surged after Samsung pledged to support organized labor in 2020.
As Delhi's extreme summer transitioned from heatwaves to humidity and now monsoon rains, gig workers on two-wheelers continued delivering essentials. Despite weather hazards, they endure long shifts, often over 12 hours, due to economic necessity. Efforts by companies to provide rest areas and emergency support have been limited and sometimes inaccessible.
Legal battles over social media control escalate as court decisions differ. The role of content moderation and free speech rights takes center stage in the ongoing debates and legal challenges.
The directive came after the Bombay High Court on June 26 refused to interfere in a decision taken by the college to impose a ban on hijab, burka and naqab on its premises, observing that such rules do not violate students' fundamental rights.
Pune faces a rising Zika virus threat with six recent cases, including two pregnant women. Health authorities are intensifying surveillance and mosquito control efforts. Zika, transmitted by Aedes mosquitoes, poses significant risks during pregnancy, potentially leading to severe birth defects. While symptoms are usually mild, caution is advised, especially for expectant mothers. Here’s a comprehensive overview of Zika virus infection, its symptoms, impact on pregnancy, and preventive measures.
As mutual funds are sitting with Rs 1 lakh crore of cash, whenever there is a 4-5% drop from the peak, there is a spate of buying. So equities as an asset class are not seeing sharp drawdowns and in the short term make it safer to invest in and attract more funds. That is the cycle we are in, says Neelkanth Mishra.
BJP's Asansol MLA Agnimitra Paul and three other legislators held the protest, demanding punishment for those involved in the two incidents. She told reporters that the BJP legislators staged the demonstration outside the assembly premises to make people aware of the fact that women of West Bengal are "not safe" under the Trinamool Congress rule.
As of 31-Mar-2024, promoters held 37.88 per cent stake in the company, while FIIs held 30.91 per cent and domestic institutional investors had 11.69 per cent.
The Supreme Court is set to hear on July 8 a series of petitions concerning the NEET-UG examination, which took place on May 5 amidst allegations of irregularities including paper leaks. The petitions, totaling 26, seek various reliefs such as holding the exam afresh due to alleged malpractices. The exam, conducted by the National Testing Agency (NTA), saw participation from around 24 lakh candidates across 4,750 centers.
Bihar aims to attract capital in various sectors, becoming East India's growth engine with new policies in 2 months. Aligning with Prime Minister Modi's vision, State Minister Nitish Mishra seeks to promote industry and employment, highlighting Bihar's development potential at a Kolkata event with over 50 companies. The state plans to introduce sectoral policies to draw investments and dispel misconceptions, aiming to position itself as a hub for tourism and industry, offering incentives for investors... Читать дальше...
Indonesia's stock market faces turmoil as PT Barito Renewables Energy's volatility alarms investors. Foreign capital outflows increase due to uncertainties in fiscal policy and a weak currency, triggering downgrades by major financial institutions.
