MUMBAI: Moonlighters may have a mix of ‘salary’ income and income from gigs, which is shown as ‘income from business and profession’.The income received from consultancy gigs is typically treated as business and professional income, rather than ‘income from other sources’ to enable the individual to claim various expenses, such as stationery, travel and data…
MUMBAI: With a new coalition govt at the centre set to swear in, the startup industry is seeking enhanced regulatory clarity, help to expedite the process of shifting domicile to India and an easier law and enforcement regime from authorities for the sector. “The approach of the tax departments towards startups is one area that…
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, surged in trade on Thursday as the market reacted positively to the NDA forming the government in the coming days. While BSE Sensex moved above 75,000, Nifty50 was over 22,800. At 10:30 AM, BSE Sensex was trading at 75,106.91, up 725 points or…
NEW DELHI: For several businesses, including startups and some overseas investors, coalition govt at the Centre is an uncharted territory. For a decade, they have only dealt with a govt at the Centre that enjoyed absolute majority, with decision-making streamlined.Tuesday’s election verdict has not only made them sit up and take note of the changes…
Stock market crash an opportunity? The BJP’s underwhelming performance in the recent Lok Sabha elections has wiped out nearly all the gains made by the Nifty this year in a single day. On Tuesday, the Nifty plummeted by 1,379 points or 5.93%, yet it continues to trade at a premium valuation compared to other global…
NEW DELHI: In a dramatic shift in the ranks of the world’s wealthiest individuals, Mukesh Ambani has surpassed Gautam Adani to reclaim the title of Asia’s richest person again. According to the Bloomberg Billionaires Index, Ambani is ranked 11th among the world’s wealthiest individuals.Adani, whose conglomerate suffered a loss of $25 billion in a single…
MUMBAI: Investors, globally, do not like surprises. They also prefer a status quo. Surprisingly, both these elements were missing during Tuesday’s trading on Dalal Street. The result: A never-seen-before 4,390-point crash in Sensex and a Rs 31-lakh-crore wealth destruction in just six-and-a-half hours.On Tuesday, contrary to exit poll predictions of a resounding election mandate for…
Stock market crash today: In a stunning turn of events, the Indian stock market experienced a massive meltdown on Tuesday as vote-counting trends indicated that Prime Minister Narendra Modi’s alliance might fall short of the anticipated landslide victory. The benchmark BSE Sensex plunged over 4,300 points, marking its worst performance in four years and erasing…
Stock market ideas: The stock market witnessed a significant surge on Monday, with Nifty soaring by approximately 3% and Sensex skyrocketing by 2,778 points. This remarkable rally was seemingly driven by heavy short-covering by Foreign Institutional Investors (FIIs), following the exit polls that caught the market off guard by forecasting a resounding victory for the…
India’s manufacturing sector experienced a slowdown in growth during May, with the HSBC final India Manufacturing Purchasing Managers’ Index falling to 57.5 from 58.8 in April. Despite this decline, the index remained above the 50-mark, indicating continued expansion in the sector. The slowdown was attributed to a combination of factors, including a heatwave that led…
