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NRIPage | Articles | #2025-income-tax-changes | Get Latest Political News & Updates, Sports News, Latest NRI News & Updates, Latest International News & Updates in India, USA & other countries around the world in - NRI Page
As 2025 approaches, India has already begun shaping its foreign policy for the year. External Affairs Minister S Jaishankar is set to travel to the United States to meet officials from both the outgoing Biden administration and the incoming Trump team, ahead of the U.S. power transition. Jaishankar is expected to discuss the Quad Summit, where U.S. President Donald Trump may attend, and potentially seek an early date for Trump’s visit to India.
In addition to the Quad Summit,
As 2025 approaches, India has already begun shaping its foreign policy for the year. External Affairs Minister S Jaishankar is set to travel to the United States to meet officials from both the outgoing Biden administration and the incoming Trump team, ahead of the U.S. power transition. Jaishankar is expected to discuss the Quad Summit, where U.S. President Donald Trump may attend, and potentially seek an early date for Trump’s visit to India.
In addition to the Quad Summit,
Between April and November 2024, the Indian government dispersed Rs 3.08 lakh crore in income tax refunds, reflecting a significant 46% increase compared to the same period last year. As of November 22, about 98.35% of Income Tax Returns (ITRs) filed have been e-verified, with a record-breaking 69.93 lakh ITRs submitted on a single day, July 31. The total number of ITRs filed by November 22 stands at 8.50 crore, a 7.32% increase from the previous year.
The introduction of innovation
Between April and November 2024, the Indian government dispersed Rs 3.08 lakh crore in income tax refunds, reflecting a significant 46% increase compared to the same period last year. As of November 22, about 98.35% of Income Tax Returns (ITRs) filed have been e-verified, with a record-breaking 69.93 lakh ITRs submitted on a single day, July 31. The total number of ITRs filed by November 22 stands at 8.50 crore, a 7.32% increase from the previous year.
The introduction of innovation
After much anticipation, the International Cricket Council (ICC) has finally revealed the schedule for the 2025 Champions Trophy. The prestigious tournament, set to be played in a hybrid format across Pakistan and Dubai, will kick off with a match between Pakistan and New Zealand on February 19, 2025, in Karachi. The tournament will conclude with the final on March 9, 2025, hosted in Lahore, with a backup plan for Dubai if India qualifies for the final.
India's campaign will beg
After much anticipation, the International Cricket Council (ICC) has finally revealed the schedule for the 2025 Champions Trophy. The prestigious tournament, set to be played in a hybrid format across Pakistan and Dubai, will kick off with a match between Pakistan and New Zealand on February 19, 2025, in Karachi. The tournament will conclude with the final on March 9, 2025, hosted in Lahore, with a backup plan for Dubai if India qualifies for the final.
India's campaign will beg
Starting January 1, 2025, WhatsApp will no longer support Android devices running Android KitKat (version 4.4) or older. Meta has made this decision as the messaging app gets updated with new AI features that demand more advanced hardware. As a result, over 20 Android devices from brands like Samsung, Motorola, HTC, LG, and Sony will lose access to WhatsApp.
The affected devices include models such as the Samsung Galaxy S3, Galaxy Note 2, Motorola Moto G (1st Gen), HTC One X, LG Opt
Starting January 1, 2025, WhatsApp will no longer support Android devices running Android KitKat (version 4.4) or older. Meta has made this decision as the messaging app gets updated with new AI features that demand more advanced hardware. As a result, over 20 Android devices from brands like Samsung, Motorola, HTC, LG, and Sony will lose access to WhatsApp.
The affected devices include models such as the Samsung Galaxy S3, Galaxy Note 2, Motorola Moto G (1st Gen), HTC One X, LG Opt
Asus is set to launch new ROG Strix gaming laptops at the Consumer Electronics Show (CES) 2025 on January 6. The company released a teaser showing a laptop with RGB lighting that wraps around the bottom, offering a more vibrant underglow than previous models. Although Asus has not confirmed the exact model, rumors suggest that the company might unveil the ROG Strix 18 Scar and the ROG Strix G16.
The ROG Strix 18 is expected to be powered by an Intel Core Ultra 9 285 HX processor and
Asus is set to launch new ROG Strix gaming laptops at the Consumer Electronics Show (CES) 2025 on January 6. The company released a teaser showing a laptop with RGB lighting that wraps around the bottom, offering a more vibrant underglow than previous models. Although Asus has not confirmed the exact model, rumors suggest that the company might unveil the ROG Strix 18 Scar and the ROG Strix G16.
The ROG Strix 18 is expected to be powered by an Intel Core Ultra 9 285 HX processor and
As India prepares for the Union Budget of 2025-26, the finance ministry has highlighted the need for flexibility in fiscal policy, given the ongoing global economic and geopolitical challenges. While the fiscal deficit for FY26 is expected to be below 4.5% of GDP, there are concerns over the ability to accurately project receipts and expenditures in the current uncertain environment. The global situation has worsened, with escalating conflicts, further complicating fiscal planning.
As India prepares for the Union Budget of 2025-26, the finance ministry has highlighted the need for flexibility in fiscal policy, given the ongoing global economic and geopolitical challenges. While the fiscal deficit for FY26 is expected to be below 4.5% of GDP, there are concerns over the ability to accurately project receipts and expenditures in the current uncertain environment. The global situation has worsened, with escalating conflicts, further complicating fiscal planning.
Union Finance Minister Nirmala Sitharaman will chair the 55th GST Council meeting in Jaisalmer, Rajasthan, on Saturday, December 21. This meeting will focus on several important discussions related to the Goods and Services Tax (GST) in India. The agenda includes deliberations on taxability issues concerning food delivery platforms such as Swiggy and Zomato, and potential changes to GST rates on products like health insurance premiums, life insurance, wristwatches, shoes, and apparel. The cou
Union Finance Minister Nirmala Sitharaman will chair the 55th GST Council meeting in Jaisalmer, Rajasthan, on Saturday, December 21. This meeting will focus on several important discussions related to the Goods and Services Tax (GST) in India. The agenda includes deliberations on taxability issues concerning food delivery platforms such as Swiggy and Zomato, and potential changes to GST rates on products like health insurance premiums, life insurance, wristwatches, shoes, and apparel. The cou
India introduced the Goods and Services Tax (GST) in 2017 to simplify the tax structure and reduce the tax burden. Recent data shows that the gross GST collection for October 2024 rose by 9% to ₹1.87 lakh crore, a record second-highest figure. However, a recent proposal by the Group of Ministers (GoM) on GST Rates Rationalisation suggests a new 35% GST slab on products like aerated drinks and tobacco, which has raised concerns. The proposal aims to target 'sin' products such as thos
India introduced the Goods and Services Tax (GST) in 2017 to simplify the tax structure and reduce the tax burden. Recent data shows that the gross GST collection for October 2024 rose by 9% to ₹1.87 lakh crore, a record second-highest figure. However, a recent proposal by the Group of Ministers (GoM) on GST Rates Rationalisation suggests a new 35% GST slab on products like aerated drinks and tobacco, which has raised concerns. The proposal aims to target 'sin' products such as thos
Bangladesh's interim government has accused Adani Power of breaching a multi-billion-dollar agreement related to the supply of electricity from its coal-fired plant in India. The dispute centers on Adani Power withholding tax benefits that the power plant was entitled to under the agreement. The Indian company signed a deal with Bangladesh in 2017 to supply power from the Godda plant, but Dhaka claims that Adani Power failed to pass on the tax exemptions it received from the Indian govern
Bangladesh's interim government has accused Adani Power of breaching a multi-billion-dollar agreement related to the supply of electricity from its coal-fired plant in India. The dispute centers on Adani Power withholding tax benefits that the power plant was entitled to under the agreement. The Indian company signed a deal with Bangladesh in 2017 to supply power from the Godda plant, but Dhaka claims that Adani Power failed to pass on the tax exemptions it received from the Indian govern
The National Medical Commission (NMC) has officially released the NEET UG 2025 syllabus, providing students with the essential framework for their preparations for the upcoming medical entrance examination. NEET (National Eligibility cum Entrance Test) UG 2025 is the gateway for admission into undergraduate medical courses across India, including MBBS programs at prestigious institutions such as AIIMS and JIPMER.
The syllabus, which covers three major subjects&mdash
The National Medical Commission (NMC) has officially released the NEET UG 2025 syllabus, providing students with the essential framework for their preparations for the upcoming medical entrance examination. NEET (National Eligibility cum Entrance Test) UG 2025 is the gateway for admission into undergraduate medical courses across India, including MBBS programs at prestigious institutions such as AIIMS and JIPMER.
The syllabus, which covers three major subjects&mdash
The International Cricket Council (ICC) is set to finalize the hybrid model for the 2025 Champions Trophy during a virtual meeting with Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi. Under this model, India and Pakistan will not travel to each other's countries for ICC events. The 2025 Champions Trophy, scheduled from February 19 to March 9, will be played in Dubai, with eight teams divided into two groups. The top two teams from each group will advance to the semifinals.
T
The International Cricket Council (ICC) is set to finalize the hybrid model for the 2025 Champions Trophy during a virtual meeting with Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi. Under this model, India and Pakistan will not travel to each other's countries for ICC events. The 2025 Champions Trophy, scheduled from February 19 to March 9, will be played in Dubai, with eight teams divided into two groups. The top two teams from each group will advance to the semifinals.
T
Prime Minister Narendra Modi, during his visit to Prayagraj on Friday, hailed the 2025 Maha Kumbh as a "mahayagya of unity" that would elevate the country's cultural and spiritual identity. Addressing a public meeting, Modi emphasized that the Maha Kumbh brings people together, transcending caste and sect divisions. He inaugurated 167 significant development projects worth Rs 5,500 crore to enhance Prayagraj's infrastructure in preparation for the upcoming Kumbh Mela.
Prime Minister Narendra Modi, during his visit to Prayagraj on Friday, hailed the 2025 Maha Kumbh as a "mahayagya of unity" that would elevate the country's cultural and spiritual identity. Addressing a public meeting, Modi emphasized that the Maha Kumbh brings people together, transcending caste and sect divisions. He inaugurated 167 significant development projects worth Rs 5,500 crore to enhance Prayagraj's infrastructure in preparation for the upcoming Kumbh Mela.
The US Department of State’s Bureau of Consular Affairs has released the Visa Bulletin for January 2025, providing crucial updates for green card applicants, with a notable focus on Indian applicants. This bulletin offers insights into the availability of immigrant visa numbers, which are vital for individuals waiting in the green card queue.
The limits for employment-based preference immigrants have been set at 140,000, while family-sponsored category immigrants have a cap of
The US Department of State’s Bureau of Consular Affairs has released the Visa Bulletin for January 2025, providing crucial updates for green card applicants, with a notable focus on Indian applicants. This bulletin offers insights into the availability of immigrant visa numbers, which are vital for individuals waiting in the green card queue.
The limits for employment-based preference immigrants have been set at 140,000, while family-sponsored category immigrants have a cap of
The 2025 ICC Champions Trophy is currently in turmoil due to the ongoing standoff between India and Pakistan. The Board of Control for Cricket in India (BCCI) has firmly stated that it will not send its team to Pakistan, citing security concerns and political issues. In response, the Pakistan Cricket Board (PCB) has threatened to boycott future ICC events if India does not agree to the proposed hybrid model, where India’s matches are played in Dubai, while the rest of the tournament tak
The 2025 ICC Champions Trophy is currently in turmoil due to the ongoing standoff between India and Pakistan. The Board of Control for Cricket in India (BCCI) has firmly stated that it will not send its team to Pakistan, citing security concerns and political issues. In response, the Pakistan Cricket Board (PCB) has threatened to boycott future ICC events if India does not agree to the proposed hybrid model, where India’s matches are played in Dubai, while the rest of the tournament tak
YS Jagan Mohan Reddy, the MLA from Pulivendula and president of YSR Congress, has been spending much of his time in Bengaluru since the recent 2024 Andhra Pradesh elections. While in Bengaluru, he stays at his Yelahanka Palace but frequently visits Andhra Pradesh for a few days each week.
Reports have surfaced suggesting that significant Vaastu changes are being made to his Tadepalli residence and camp office following the party's historic defeat in the elections. Social media h
YS Jagan Mohan Reddy, the MLA from Pulivendula and president of YSR Congress, has been spending much of his time in Bengaluru since the recent 2024 Andhra Pradesh elections. While in Bengaluru, he stays at his Yelahanka Palace but frequently visits Andhra Pradesh for a few days each week.
Reports have surfaced suggesting that significant Vaastu changes are being made to his Tadepalli residence and camp office following the party's historic defeat in the elections. Social media h
The International Cricket Council (ICC) has finalized a hybrid model for next year's Champions Trophy, allowing India to play its matches in Dubai, while Pakistan will co-host the event in the UAE. The decision, reached after informal discussions between ICC President Jay Shah and the Board of Directors, including Pakistan's representatives, is a major step toward resolving venue concerns in international cricket. The 2025 Champions Trophy will be held in the UAE and Pakistan, with In
The International Cricket Council (ICC) has finalized a hybrid model for next year's Champions Trophy, allowing India to play its matches in Dubai, while Pakistan will co-host the event in the UAE. The decision, reached after informal discussions between ICC President Jay Shah and the Board of Directors, including Pakistan's representatives, is a major step toward resolving venue concerns in international cricket. The 2025 Champions Trophy will be held in the UAE and Pakistan, with In
The future of the 2025 Champions Trophy is in jeopardy as tensions between India and Pakistan complicate the tournament's organization. India’s Board of Control for Cricket in India (BCCI) has made it clear that the Indian team will not travel to Pakistan without government approval, which remains pending. The Pakistan Cricket Board (PCB) had initially rejected the idea of a hybrid hosting model that would allow India to play in Dubai, but recently showed some flexibility, reportedl
The future of the 2025 Champions Trophy is in jeopardy as tensions between India and Pakistan complicate the tournament's organization. India’s Board of Control for Cricket in India (BCCI) has made it clear that the Indian team will not travel to Pakistan without government approval, which remains pending. The Pakistan Cricket Board (PCB) had initially rejected the idea of a hybrid hosting model that would allow India to play in Dubai, but recently showed some flexibility, reportedl
A panel of state ministers has recommended changes to the Goods and Services Tax (GST) structure, specifically targeting sin goods, including tobacco products, aerated beverages, and luxury cars. These goods are currently taxed at the highest 28% GST rate, along with an additional cess. The proposal, which is part of a rate rationalisation report, is set to be presented before the GST Council in its upcoming meeting later this month. The Group of Ministers (GoM), led by Bihar Deputy Chief Min
A panel of state ministers has recommended changes to the Goods and Services Tax (GST) structure, specifically targeting sin goods, including tobacco products, aerated beverages, and luxury cars. These goods are currently taxed at the highest 28% GST rate, along with an additional cess. The proposal, which is part of a rate rationalisation report, is set to be presented before the GST Council in its upcoming meeting later this month. The Group of Ministers (GoM), led by Bihar Deputy Chief Min
Russian President Vladimir Putin has approved the country's 2025 budget, allocating $126 billion (13.5 trillion rubles) to national defence, which accounts for 32.5% of the total government spending. This marks a significant increase from last year’s budget, highlighting the ongoing strain the war in Ukraine has placed on Russia’s finances.
The budget sets a new record, with military spending expected to account for over 6% of Russia's GDP. In contrast, expenditu
Russian President Vladimir Putin has approved the country's 2025 budget, allocating $126 billion (13.5 trillion rubles) to national defence, which accounts for 32.5% of the total government spending. This marks a significant increase from last year’s budget, highlighting the ongoing strain the war in Ukraine has placed on Russia’s finances.
The budget sets a new record, with military spending expected to account for over 6% of Russia's GDP. In contrast, expenditu
US President Joe Biden announced on Sunday that he had granted a pardon to his son, Hunter Biden, who was convicted of making false statements on a gun background check and illegally possessing a firearm. Hunter Biden had also pled guilty to federal tax charges, admitting to failing to pay $1.4 million in taxes. President Biden expressed that his decision to pardon his son came after years of what he described as unfair, politically motivated prosecution.
Biden stated that he had pr
US President Joe Biden announced on Sunday that he had granted a pardon to his son, Hunter Biden, who was convicted of making false statements on a gun background check and illegally possessing a firearm. Hunter Biden had also pled guilty to federal tax charges, admitting to failing to pay $1.4 million in taxes. President Biden expressed that his decision to pardon his son came after years of what he described as unfair, politically motivated prosecution.
Biden stated that he had pr
