Latest News, Updates & Breaking Headlines
NEW DELHI: The income tax department on Wednesday flagged major risks associated with virtual digital assets (VDA), such as cryptocurrency, joining the Reserve Bank of India in opposing the entry of these instruments.In a presentation to the parliamentary standing committee of finance, the tax authorities flagged as to how anonymous, borderless and near-instant value transfer…
(Image credits: X @StateDept) The US State Department issued an unusual warning to Iran’s leadership as unrest spread across the country, posting a sharply worded message in Persian that underscored President Donald Trump’s willingness to act amid the growing crisis.“President Trump is a man of action. If you didn’t know before, now you do. Don’t…
The income tax notices suggest that the assessment of income tax returns and the release of refunds have been paused for these categories of taxpayers. (AI image) Income Tax alert! The Income Tax Department is sending emails and SMSes to taxpayers, just ahead of the year-end, alerting them of mismatches in their deduction and exemption…
Identified taxpayers are being sent SMS and email under the government’s NUDGE campaign. (AI image) ITR filing FY 2024-25 (AY 2025-26): The Income Tax Department is stepping up scrutiny for tax returns and many taxpayers are getting alerts to check their exemption and deduction claims. The last date to file income tax returns for FY…
Representative image (AI-generated) The Income Tax Department on Tuesday issued a press release clarifying why several taxpayers have received emails and SMS alerts seeking a review of their tax deduction and exemption claims.The department urged taxpayers to review their deduction and exemption claims for the current assessment year and take corrective steps before the revised…
The US Department of War has now entered into an agreement with Elon Musk’s xAI. As part of the agreement the Elon Musk’s company’s frontier-grade artificial intelligence systems into the military’s bespoke platform GenAI.mil. The deal marks a significant expansion of the Department’s AI ecosystem, which already serves more than 3 million military and civilian…
The US Department of State has acknowledged significant delays in visa appointments at American embassies and consulates worldwide, including in India, as processing times stretch up to 12 months due to enhanced screening procedures. In a statement to Business Insider, a State Department spokesperson confirmed that consular offices are now “prioritizing thoroughly vetting each visa…
The US Justice Department’s official website struggled to cope with heavy traffic on Friday as the first batch of Jeffrey Epstein files was made public.Following the release, dozens of people reported the site crashing on social media. Users said that the website was “not loading” or showing messages showing their requests were “in queue.” Users…
The US Justice Department has begun releasing a large batch of previously unseen files related to convicted sex offender Jeffrey Epstein, following lengthy efforts to make government records about the case public.The release comes under the Epstein Files Transparency Act, a law passed by Congress and signed by US President Donald Trump in November. It…
The Income tax department (ITD) on Thursday said the recent communications sent to some taxpayers regarding their transactions are advisory in nature and aimed at facilitating voluntary compliance, not initiating enforcement action.In a post on X, the department said the messages were issued only in cases where there is an apparent significant gap between disclosures…
