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NEW DELHI: The income tax department Saturday unveiled the draft income tax rules which aim to simplify tax filing and usher in ease of compliance. The new rules, which will come into effect from April 1, cover a range of issues for ordinary taxpayers and companies, with an emphasis on simplification, faceless assessments and reducing…
New Income Tax Rules 2026 (AI image) New Income Tax Rules 2026: The Income Tax Department on Saturday released the draft Income-tax Rules, 2026. These new rules will become effective from April 1, 2026, that is the start of the financial year 2026-27. There are several changes aimed at simplification in tax filing and ease…
PSL (File photo/Agencies) The Pakistan Cricket Board (PCB) has announced that the Pakistan Super League (PSL) will shift to a player auction system from its 11th season, moving away from the draft format that has been used since the league began in 2016. The change follows a model similar to the Indian Premier League (IPL).The…
MUMBAI: The Reserve Bank of India (RBI) has invited public comments on the draft “Reserve Bank of India (Prudential Norms on Dividend and Remittance of Profit) Directions, 2026”, proposing a revised framework for declaration of dividends and remittance of profits by banks.The central bank said it had undertaken a review of the existing guidelines on…
NEW DELHI/ LUCKNOW: About 2.9 crore voters, making up 18.7% of UP’s 15.4 crore-strong electorate at the launch of the state’s SIR exercise on Nov 4 last year, have been struck off the draft rolls published on Tuesday.These voters have time till February 6 to file claims and objections to get their names restored in…
NEW DELHI: Uttar Pradesh’s chief election officer Navdeep Rinwa on Tuesday said approximately 2.89 crore voters were removed from Uttar Pradesh’s draft electoral roll published after the ongoing special intensive revision (SIR). Addressing a press conference, Rinwa said the Election Commission received around 12.5 crore ballot papers during the exercise. He added, “The number of…
India new labour code (Image for representation) NEW DELHI: A month after notifying the four new labour codes, Centre on Wednesday released draft rules for their implementation, which lay out how minimum wages will be calculated, fix weekly working hours, set procedures to recognise and verify trade union membership, and provide for the composition of…
Apart from the draft rules, the government has also published a list of FAQs on what the new labour codes mean, definition of wages, gratuity calculation etc. (AI image) New Labour Codes: The Ministry of Labour has pre-published draft rules under new labour codes on Wednesday. These draft rules are open for public consultation, and…
NEW DELHI: Popular quick e-commerce firm Zepto filed its preliminary papers on Saturday with Securities Exchange Board of India (Sebi), aiming to raise Rs 11,000 crore via initial public offering (IPO).The company, founded by Stanford university dropouts, is using a confidential route for its stock market debut planned for next year, according to officials cited…
Reserve Bank of India (ANI image) The Reserve Bank of India (RBI) has issued a draft proposal aimed at making cross-border payments more transparent and consumer-friendly. With this, the bank aims to address long-standing complaints about hidden charges and unclear pricing in foreign exchange transactions.A large number of individuals face difficulties while making overseas payments…
