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The new income tax regime has seen widespread adoption among individual taxpayers, with about 88 per cent now filing returns under the system, CBDT Chairman Ravi Agrawal said, while clarifying that the government is not considering a sunset clause for the old tax regime.He said the choice between tax regimes continues to remain with taxpayers,…
Finance minister Nirmala Sitharaman unveiled the Union Budget 2026 on February 1, setting out a clear roadmap for individual taxpayers. While personal income tax rates and the broader structure of taxation stays untouched, the Budget introduced a range of reforms to further simplify the process for taxpayers. The measures focus on easing return-filing timelines, reducing…
As India prepares to implement the new Income-tax Act from 1 April 2026, expectations of major tax changes may need to be calibrated. By Parizad SirwallaBudget 2026 income tax expectations: Finance Minister will present Union Budget 2026 in the backdrop of uncertain geopolitical dynamics, volatile capital markets, diverse regulatory reforms (e.g. new income tax act,…
In the Brown University shooting case. the police dropped new details about the suspect, who killed two students and injured 9 people on Saturday. The Providence Police Department released surveillance videos on Monday that showed a person of interest walking around the area of Brown University on Saturday, two hours before the deadly shooting at…
Tamil actor Ajith Kumar charmed fans in Malaysia by posing for over 500 individual photos after training for the Sepang 12-hour car race. His humanitarian approach and humility, evident both on and off the track, have garnered immense love and respect globally. This dedication is further highlighted by his racing team’s recent successes and his…
Sundar Pichai, CEO, Google With the growing concerns over an escalating talent war in the artificial intelligence segment, Google CEO Sundar Pichai has publicly addresses the issue of employee poaching, specifically from Google DeepMind, the company’s AI research division. As reported by Business Insider, speaking at Alphabet’s Q2 earnings call, Pichai acknowledged the growing competition…
Insurers will no longer be able to claim input tax credit (ITC) on Goods and Services Tax (GST) paid on commissions and brokerage for individual health and life insurance policies from September 22, the Central Board of Indirect Taxes and Customs (CBIC) clarified on Tuesday. The move comes ahead of the implementation of the new…
