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Google cofounder Larry Page has shifted key business entities, including his family office, out of California to Delaware, Nevada, and Florida. This move precedes a potential state wealth tax, which could cost him billions. Other tech titans are also exploring exits, citing tax and privacy advantages offered by states like Delaware. Google cofounder Larry Page…
The Corporate Affairs Ministry has relaxed compliance requirements for company directors by replacing the mandatory annual KYC filing with a simplified requirement once every three years under the Companies Act, 2013, PTI reported.The change follows a review of Rule 12A of the Companies (Appointment & Qualification of Directors) Rules, 2014, based on recommendations of the…
The Corporate Affairs Ministry on Friday said it has not issued any circular mentioning that relaxations have been provided for additional fees and extension of timelines for filing financial statements under the Companies Law. “It has come to the notice of the Ministry of Corporate Affairs (MCA) that a fake General Circular No. 08/2025 dated…
Actor Celina Jaitly, who recently filed a domestic violence case against her husband Peter Haag in a Mumbai court, has shared an emotional note revealing that she will be spending Christmas away from her children for the first time.Last month, Celina approached the Judicial Magistrate First Class at Andheri Court, Mumbai, accusing her husband of…
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 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…
NEW DELHI: After a massive nationwide operation, Central Board of Direct Taxes acted against several intermediaries involved in filing income tax returns with bogus claims of deductions and exemptions under the Income Tax Act.The move followed actions in July 2025, covering 150 premises, during which more than 102 suspicious RUPPs were identified for their role…
Gates Foundation Trust executed one of its most dramatic portfolio shifts in recent history during the third quarter of 2025. The portfolio change was revealed in Gates Foundation’s latest 13F filing that left analysts wondering the reason behind the big move. The company drastically reduced its stake in Microsoft, the company that Bill Gates founded…
American storage giant Snowflake has filed an 8-K with the Securities and Exchange Commission (SEC) this week. The latest filing comes after one of the company’s executives shared “unauthorised financial guidance” in a street interview, which was recently posted on Instagram. The video that featured Mike Gannon, Snowflake’s Chief Revenue Officer, whom James Dumoulin interviewed,…
