Budget 2025 has sought to bring down the number of transactions liable for tax deducted at source (TDS) by setting higher threshold limits across a spectrum of income streams, thus benefitting small taxpayers receiving small payments.Similarly, the finance minister also proposed to raise the threshold to collect tax at source (TCS) on remittances under RBI’s…
The Budget proposals met with muted response from investors on Dalal Street during Saturday’s special trading session, although there were stock and sector specific movements. After some volatility during the FM’s Budget speech, the sensex and Nifty both treaded a steady path and closed barely changed. Sensex was up just five points at 77,506 points,…
The new tax regime proposed in Budget – with a tax rebate of Rs 60,000 on income up to Rs 12 lakh (and Rs 12.75 lakh for salaried people) – leaves the old tax regime, with three slabs of 5%, 20%, an 30%, with little appeal, even with all the deductions against investments in tax…
Restaurant and cinema owners, travel operators, alcoholic beverage makers all expect better days, with the tax reliefs putting more money in the hands of people.Sagar Daryani, president of the National Restaurant Association of India and co-founder of Wow! Momo, said the restaurant sector saw declining footfalls over the past year. “But now, there is going…
D Gukesh and R Praggnanandhaa (Tata Steel Chess Tournament Photo) NEW DELHI: The penultimate round of the 87th Tata Steel Chess Tournament 2025 on Saturday witnessed a series of impressive results for the Indian contingent in Wijk aan Zee.In a commanding performance, R Praggnanandhaa secured his sixth win of the tournament, defeating Serbia’s Alexey Sarana…
PUNE: Civic health authorities investigating the surge in Guillain-Barré Syndrome (GBS) cases in Pune are now checking if lapses in water chlorination in wells caused the diarrhoea spike in areas that reported GBS. Many patients in the city had bouts of diarrhoea days before experiencing GBS symptoms.The suspect wells include those from where municipal and…
On Budget-eve, PM Modi invoked Goddess Lakshmi, and a day later, Indian taxpayers got a Diwali bonus in February. With Finance Minister Nirmala Sitharaman announcing revised tax slabs and rates under the new regime, the biggest bonanza is for those whose income is up to Rs 12 lakh (Rs 12.75 lakh for salaried taxpayers as…
AHMEDABAD: Zakia Jafri, the wife of former Congress MP Ehsan Jafri who was killed in the 2002 Gujarat riots, died in Ahmedabad on Saturday. She was 86.The former MP was among 69 people killed inside Gulbarg Society in Chamanpura area of Ahmedabad on Feb 28, 2002, a day after the Godhra carnage in which 59…
CHHATRAPATI SAMBHAJINAGAR: An engineer from Hingoli in Maharashtra, who had been missing in Iran for nearly two months, is lodged in a Tehran jail, reports Prasad Joshi. He made a WhatsApp call to his wife Thursday, informing her that he was likely to be released next Tuesday and would return to India.Yogesh Panchal, 33, was…
BHIWANDI: A 21-year-old software engineer riding a motorcycle was crushed to death under a truck after the two-wheeler rode over a pothole in Bhiwandi where work on laying the road was going on, reports Pradeep Gupta. The crash, which took place on Jan 19, was initially registered as an ‘accidental death’, but police booked the…
