ITR Filing: It is that time of the year again when taxpayers across the country file their income tax returns (ITR). As such, here’s a detailed look at the ITR due date, the last deadline to file returns, delayed ITR filing and penalty for late filing of your income tax returns. Before filing your ITR…
I started a two-year fixed deposit (FD) in January at a 9% interest rate. On 31 March, the bank calculated the interest earned/accrued at 9% for three months and charged tax deducted at source (TDS). The annual information statement (26AS) shows the interest income of 9% over three months and demands tax on it. However,…
xAI CEO Elon Musk wasn’t particularly pleased on Thursday as his biggest competitor, OpenAI, released its latest GPT-5 model. In a flurry of tweets, Musk claimed his company’s Grok 4 Heavy remains the “most powerful AI” model and said Grok 5 would launch by the end of the year to give rivals a run for…
Joe Root couldn’t take England to victory in a mammoth fourth-innings chase in the fifth Test vs India, but he did hit a magnificent century, which pushed his Test runs tally higher up. It stands at 13,543 runs now in 158 Test matches. The only man ahead of him is Sachin Tendulkar. The magic number…
The count has jumped from 33,896 as of 31 March 2024 to 146,208 as of 30 June this year. But it’s not just the NSE. Tata Capital, the Metropolitan Stock Exchange and the National Commodity and Derivatives Exchange are among the companies that have seen investor appetite for their unlisted shares grow. However, investing in…
The ‘substance over form’ principle in tax law means that what really happens in a transaction matters more than how it looks on paper. It empowers tax authorities to look past legal documents to understand the true purpose and effect of a deal. Tax authorities often invoke this doctrine when it helps them deny benefits,…
ZAPOPAN, Mexico (AP) — First the scientists dress dead swine in clothes, then they dispose of the carcasses. Some they wrap in packing tape, others they chop up. They stuff the animals into plastic bags or wrap them in blankets. They cover them in lime or burn them. Some are buried alone, others in groups….
Veteran India spinner Ravichandran Ashwin has finally addressed the rumours of him leaving Chennai Super Kings (CSK) ahead of the upcoming season of Indian Premier League (IPL). Ashwin has made the headlines in the past couple of days after several report stated that the 38-year-old is likely to part ways with the five-time IPL champions….
The 27.5-hour countdown for the launch of the NASA-ISRO Synthetic Aperture Radar (NISAR) satellite commenced at 2:10 pm on Tuesday, the Indian Space Research Organisation (ISRO) confirmed. The satellite is scheduled to lift off aboard the GSLV-F16 rocket at 5:40 pm on Wednesday from the Satish Dhawan Space Centre in Sriharikota. This launch marks the…
England paceman Chris Woakes is considering rehabilitation rather than surgery on his dislocated shoulder in a last-ditch bid to make himself available for the upcoming Ashes tour of Australia. Woakes bravely came out to bat at number 11 with his arm in a sling on Monday in a desperate attempt to help England secure victory…
