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NEW DELHI: The Central Board of Direct Taxes (CBDT) on Thursday extended the deadline for furnishing the audit reports under the Income-tax Act, 1961, for the Financial Year 2024-25 (Assessment Year 2025-26).“The Central Board of Direct Taxes (CBDT) has decided to extend the specified date for filing various audit reports for the Previous Year 2024–25…
The board of Europe’s largest aerospace company, Airbus, is meeting in Delhi this week for the first time for their annual off-site strategy session.Such sessions are usually held in Europe or in countries with a large Airbus manufacturing base. In 2018, the board met in China, home to its A320 family aircraft assembly line.The meeting…
India’s pharmaceutical and healthcare industry is preparing for a significant wave of fundraising, with companies expected to raise Rs 12,000-13,000 crore through initial public offerings (IPOs) in the next six to nine months.According to ET, around 15 firms are likely to enter the primary market shortly. The Securities and Exchange Board of India (Sebi) has…
Ashok Leyland Ltd, the flagship company of the Hinduja Group, is collaborating with China’s CALB Group Co to develop expertise in lithium-ion technology and gradually manufacture batteries domestically. CALB Grou is China’s third-largest battery maker.The Chennai-based truck and bus manufacturer signed a 20-year agreement with CALB earlier this month. Under the deal, Ashok Leyland will…
Navratri, GST cuts spark festive shopping boom India witnessed an unprecedented rise in digital transactions as the Navratri festival season coincided with the biggest GST cuts on high-value consumer items. According to RBI data, total electronic payments soared to Rs 11.31 lakh crore on Monday, nearly 10 times the Rs 1.18 lakh crore recorded the…
NEW DELHI: Steel magnate Sajjan Jindal’s fully-owned car venture JSW Motors is in talks with BYD — the world’s biggest EV maker — and a clutch of other Chinese companies like Geely, Cherry, Xiaomi, Nio Auto, and Li Auto for platform and component access. The Indian company has lined up investments of nearly Rs 26,000…
Tax audit deadline 2025: September 30, 2025, remains the cut-off date for eligible taxpayers, including specific individuals, to file their income tax audit reports. For clarity, tax audits can only be conducted by a chartered accountant utilising income tax forms 3CA, 3CD, and 3CB. Taxpayers must submit their Income Tax Audit report via the e-filing…
The US state department’s Hindustani spokesperson, Margaret MacLeod, on Thursday justified the H-1B visa move in a bid to “invest in American citizens, first and foremost, in training them.” She also addressed the Russia-Ukraine war saying that the Donald Trump administration wanted to “minimise trade” with Moscow.This comes after the States said that the tightening…
MUMBAI: From all-night deliveries and hiring more delivery staff to AI-led inventory planning and additional storage facilities, online platforms and logistics companies are pulling out all stops to get you your new phone or that pair of jeans in evershrinking timeframes.Festive season has always been about demand rush but this time, the shopping list has…
The increased fees for new H-1B visas in the United States are showing consequences, leading organisations to explore alternative visa categories. (AI image) US President Donald Trump’s steep H-1B visa fee hike to $100,000 has left Indian techies shocked, but countries like Germany, UK and Canada are capitalizing on the opportunity to pitch their countries…
