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In a ruling that could significantly influence the tax liabilities of Non-Resident Indians (NRIs) investing in Indian mutual funds, the Income Tax Appellate Tribunal (ITAT), Mumbai bench, has determined that capital gains earned by NRIs on the redemption of mutual fund units are not taxable in India. This decision was delivered in a case involving a Singapore-based NRI who had declared short-term capital gains from mutual fund investments but claimed exemption under the Double Taxation Avoidance
In a ruling that could significantly influence the tax liabilities of Non-Resident Indians (NRIs) investing in Indian mutual funds, the Income Tax Appellate Tribunal (ITAT), Mumbai bench, has determined that capital gains earned by NRIs on the redemption of mutual fund units are not taxable in India. This decision was delivered in a case involving a Singapore-based NRI who had declared short-term capital gains from mutual fund investments but claimed exemption under the Double Taxation Avoidance
In what can be described as a politically significant moment, Telangana Chief Minister Revanth Reddy has made a strong public statement acknowledging the contribution of Andhra Pradesh Chief Minister N. Chandrababu Naidu in transforming Hyderabad into one of India’s foremost IT hubs. This statement comes at a time when debates around the origins of Hyderabad’s IT success are being widely discussed and sometimes contested across political and social circles. Speaking at a public ev
In what can be described as a politically significant moment, Telangana Chief Minister Revanth Reddy has made a strong public statement acknowledging the contribution of Andhra Pradesh Chief Minister N. Chandrababu Naidu in transforming Hyderabad into one of India’s foremost IT hubs. This statement comes at a time when debates around the origins of Hyderabad’s IT success are being widely discussed and sometimes contested across political and social circles. Speaking at a public ev
In a significant show of confidence, BlackRock, the world’s largest asset management firm, has emerged as the biggest investor in the Adani Group’s $750 million private bond issuance, taking on approximately one-third of the allocation. The investment, made through a private placement with a 3–5 year tenure, marks BlackRock’s debut in India's infrastructure-focused private bond space. Sources with direct knowledge revealed that BlackRock’s participation in th
In a significant show of confidence, BlackRock, the world’s largest asset management firm, has emerged as the biggest investor in the Adani Group’s $750 million private bond issuance, taking on approximately one-third of the allocation. The investment, made through a private placement with a 3–5 year tenure, marks BlackRock’s debut in India's infrastructure-focused private bond space. Sources with direct knowledge revealed that BlackRock’s participation in th
In a significant judgment, the Telangana High Court on Tuesday upheld the death penalty awarded to five top operatives of the banned terror outfit Indian Mujahideen, who were convicted in connection with the 2013 twin bomb blasts in Hyderabad’s Dilsukhnagar that left 18 people dead and 131 injured. The blasts were among the deadliest terror attacks in the city’s recent history. A division bench of the High Court dismissed the appeals filed by the convicts, thereby affirming the ve
In a significant judgment, the Telangana High Court on Tuesday upheld the death penalty awarded to five top operatives of the banned terror outfit Indian Mujahideen, who were convicted in connection with the 2013 twin bomb blasts in Hyderabad’s Dilsukhnagar that left 18 people dead and 131 injured. The blasts were among the deadliest terror attacks in the city’s recent history. A division bench of the High Court dismissed the appeals filed by the convicts, thereby affirming the ve
Starting April 1, 2025, taxpayers can begin filing their Income Tax Returns (ITR) for the Assessment Year (AY) 2025-26. Employers will provide Form 16 to salaried employees, which plays a crucial role in filing ITR by summarizing salary details, Tax Deducted at Source (TDS), and other tax-related information for the Financial Year (FY) 2024-25. Understanding Form 16, its contents, and its significance can help taxpayers ensure a smooth and error-free filing process.
Starting April 1, 2025, taxpayers can begin filing their Income Tax Returns (ITR) for the Assessment Year (AY) 2025-26. Employers will provide Form 16 to salaried employees, which plays a crucial role in filing ITR by summarizing salary details, Tax Deducted at Source (TDS), and other tax-related information for the Financial Year (FY) 2024-25. Understanding Form 16, its contents, and its significance can help taxpayers ensure a smooth and error-free filing process.
The political rivalry in Telangana continues to intensify as K.T. Rama Rao (KTR) and Chief Minister Revanth Reddy lock horns over major public expenditure decisions and allegations of financial mismanagement. The latest controversy revolves around the Formula E scam case and the upcoming Miss World competition, both of which have sparked heated debate.
The Formula E Controversy and ED Investigation
The controversy started when the Enforceme
The political rivalry in Telangana continues to intensify as K.T. Rama Rao (KTR) and Chief Minister Revanth Reddy lock horns over major public expenditure decisions and allegations of financial mismanagement. The latest controversy revolves around the Formula E scam case and the upcoming Miss World competition, both of which have sparked heated debate.
The Formula E Controversy and ED Investigation
The controversy started when the Enforceme
Choosing the right tax regime is an important decision for taxpayers in India. The old and new tax regimes offer different benefits, and individuals must carefully analyze their financial situation before selecting the most suitable option. While salaried employees have the flexibility to switch every year, business professionals have a more restricted choice.The decision between the two regimes depends on factors such as tax-saving investments, exemptions, and deductions. Understanding these
Choosing the right tax regime is an important decision for taxpayers in India. The old and new tax regimes offer different benefits, and individuals must carefully analyze their financial situation before selecting the most suitable option. While salaried employees have the flexibility to switch every year, business professionals have a more restricted choice.The decision between the two regimes depends on factors such as tax-saving investments, exemptions, and deductions. Understanding these
A massive avalanche struck Badrinath in Uttarakhand’s Chamoli district, leaving 47 workers trapped near Mana village. The workers, who were engaged in clearing snow for army movement, were caught in the disaster when a Border Roads Organisation (BRO) camp was hit.Rescue operations are underway, with the Indian Army, ITBP, and Garhwal Scouts actively working to save those trapped under the snow. Ten workers have been rescued and moved to an army camp in Mana for medical attention. Howeve
A massive avalanche struck Badrinath in Uttarakhand’s Chamoli district, leaving 47 workers trapped near Mana village. The workers, who were engaged in clearing snow for army movement, were caught in the disaster when a Border Roads Organisation (BRO) camp was hit.Rescue operations are underway, with the Indian Army, ITBP, and Garhwal Scouts actively working to save those trapped under the snow. Ten workers have been rescued and moved to an army camp in Mana for medical attention. Howeve
The Income Tax Bill 2025 has raised concerns among taxpayers regarding refund eligibility if an Income Tax Return (ITR) is not filed before the due date. While the Income Tax Department (ITD) has clarified that there is no change in refund provisions, tax experts have pointed out inconsistencies that may impact individual taxpayers.
IT Department’s Clarification on Refunds
The Income Tax Bill 2025 has raised concerns among taxpayers regarding refund eligibility if an Income Tax Return (ITR) is not filed before the due date. While the Income Tax Department (ITD) has clarified that there is no change in refund provisions, tax experts have pointed out inconsistencies that may impact individual taxpayers.
IT Department’s Clarification on Refunds
Infosys Ltd. has confirmed that over 300 employees were let go, responding to earlier reports alleging forceful termination. The company clarified that the layoffs, which mainly involved freshers at the Mysuru campus, were not forced but were the result of failure to clear internal onboarding tests. This follows allegations from the IT employees’ union NITES, which claimed that nearly 700 freshers were abruptly let go just months after being hired.
NITES also rai
Infosys Ltd. has confirmed that over 300 employees were let go, responding to earlier reports alleging forceful termination. The company clarified that the layoffs, which mainly involved freshers at the Mysuru campus, were not forced but were the result of failure to clear internal onboarding tests. This follows allegations from the IT employees’ union NITES, which claimed that nearly 700 freshers were abruptly let go just months after being hired.
NITES also rai
Joao Felix marked his AC Milan debut with a goal in a crucial 3-1 victory over Roma in the Italian Cup. The Portugal forward, on loan from Chelsea, netted Milan's third goal after collecting a through ball from new signing Santiago Gimenez. Felix’s strike sealed the win for Milan, with a brace from Tammy Abraham putting them in control. Roma did pull one back through Artem Dovbyk in the second half, but the damage had already been done. With this victory, AC Milan is now through to
Joao Felix marked his AC Milan debut with a goal in a crucial 3-1 victory over Roma in the Italian Cup. The Portugal forward, on loan from Chelsea, netted Milan's third goal after collecting a through ball from new signing Santiago Gimenez. Felix’s strike sealed the win for Milan, with a brace from Tammy Abraham putting them in control. Roma did pull one back through Artem Dovbyk in the second half, but the damage had already been done. With this victory, AC Milan is now through to
The owners of the Indian Premier League's Sunrisers Hyderabad have made a notable move in the world of cricket by acquiring full control of the Yorkshire franchise in The Hundred competition. According to a report by BBC, the Sun Group paid just over €100 million ($125 million) for a 100 percent stake in the Northern Superchargers, becoming the first investors to take full control of one of the eight franchises in the competition. This acquisition marks the third involvement of IPL-r
The owners of the Indian Premier League's Sunrisers Hyderabad have made a notable move in the world of cricket by acquiring full control of the Yorkshire franchise in The Hundred competition. According to a report by BBC, the Sun Group paid just over €100 million ($125 million) for a 100 percent stake in the Northern Superchargers, becoming the first investors to take full control of one of the eight franchises in the competition. This acquisition marks the third involvement of IPL-r
Goldman Sachs has set a target price of Rs 500 per share for ITC Ltd. following the company's recent demerger, citing strong potential for profitability growth and the expansion of its consumer business. The brokerage firm highlighted a steady recovery in the cigarette business, predicting healthy earnings growth from fiscal 2023-25. The target represents an upside of 13% from the stock's previous close.
ITC shares saw a nearly 6% adjustment in a special pre-open session on
Goldman Sachs has set a target price of Rs 500 per share for ITC Ltd. following the company's recent demerger, citing strong potential for profitability growth and the expansion of its consumer business. The brokerage firm highlighted a steady recovery in the cigarette business, predicting healthy earnings growth from fiscal 2023-25. The target represents an upside of 13% from the stock's previous close.
ITC shares saw a nearly 6% adjustment in a special pre-open session on
On Monday, Telangana Chief Minister A. Revanth Reddy inaugurated the Aramghar-Nehru Zoological Park flyover, the second-longest flyover in Hyderabad, which spans four kilometers and has been constructed at a cost of Rs 800 crore. This six-lane bi-directional flyover is expected to significantly alleviate the traffic congestion on the busy Hyderabad-Bangalore national highway, especially in the Aramghar and Nehru Zoological Park areas. The Chief Minister also named the flyover after former Pri
On Monday, Telangana Chief Minister A. Revanth Reddy inaugurated the Aramghar-Nehru Zoological Park flyover, the second-longest flyover in Hyderabad, which spans four kilometers and has been constructed at a cost of Rs 800 crore. This six-lane bi-directional flyover is expected to significantly alleviate the traffic congestion on the busy Hyderabad-Bangalore national highway, especially in the Aramghar and Nehru Zoological Park areas. The Chief Minister also named the flyover after former Pri
The University of Hyderabad (UoH) has opened applications for the 2025-27 MBA programme. Interested candidates can apply via the official websites acad.uohyd.ac.in and uohyd.ac.in. The deadline for submission is January 15, 2025. Applicants must have a minimum of a three-year first-class Bachelor's degree, with 60% marks or equivalent, and must have appeared for CAT 2024. Shortlisted candidates will undergo a Grou
The University of Hyderabad (UoH) has opened applications for the 2025-27 MBA programme. Interested candidates can apply via the official websites acad.uohyd.ac.in and uohyd.ac.in. The deadline for submission is January 15, 2025. Applicants must have a minimum of a three-year first-class Bachelor's degree, with 60% marks or equivalent, and must have appeared for CAT 2024. Shortlisted candidates will undergo a Grou
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
On Sunday, ace Indian badminton player PV Sindhu married her fiancé, Venkata Datta Sai, in a beautiful traditional ceremony in Udaipur. The couple exchanged vows in the presence of their families and close friends. Sindhu looked stunning in a traditional wedding attire, while the event was also attended by Jodhpur's Culture and Tourism Minister Gajendra Singh Shekhawat, who shared the first wedding picture on social media.
Sindhu, who had been engaged to Venkata Datta Sai
On Sunday, ace Indian badminton player PV Sindhu married her fiancé, Venkata Datta Sai, in a beautiful traditional ceremony in Udaipur. The couple exchanged vows in the presence of their families and close friends. Sindhu looked stunning in a traditional wedding attire, while the event was also attended by Jodhpur's Culture and Tourism Minister Gajendra Singh Shekhawat, who shared the first wedding picture on social media.
Sindhu, who had been engaged to Venkata Datta Sai
Giorgia Meloni, Italy’s Prime Minister, is known for insisting on using the masculine form of her title - Il Presidente del Consiglio - a bold statement of her assertive leadership style. She gained attention after President Vincenzo De Luca of Campania region insulted her, only for Meloni to turn up to his region and confront him with humor, calling herself "that b****, Meloni." This interaction reflects her fearless attitude and determination to stand her ground.
R
Giorgia Meloni, Italy’s Prime Minister, is known for insisting on using the masculine form of her title - Il Presidente del Consiglio - a bold statement of her assertive leadership style. She gained attention after President Vincenzo De Luca of Campania region insulted her, only for Meloni to turn up to his region and confront him with humor, calling herself "that b****, Meloni." This interaction reflects her fearless attitude and determination to stand her ground.
R
The Telangana Government has secured a landmark partnership with Google to establish India’s first Google Safety Engineering Centre (GSEC) in Hyderabad, making the city the second location in the APAC region to host such a facility, after Tokyo. This state-of-the-art cybersecurity hub will focus on cutting-edge research and AI-driven security solutions, aimed at improving online safety and protecting India’s digital infrastructure. Google’s commitment includes fostering skil
The Telangana Government has secured a landmark partnership with Google to establish India’s first Google Safety Engineering Centre (GSEC) in Hyderabad, making the city the second location in the APAC region to host such a facility, after Tokyo. This state-of-the-art cybersecurity hub will focus on cutting-edge research and AI-driven security solutions, aimed at improving online safety and protecting India’s digital infrastructure. Google’s commitment includes fostering skil
A 5.3-magnitude earthquake struck Telangana's Mulugu district early Wednesday morning, with tremors felt in Hyderabad and parts of Andhra Pradesh. The earthquake occurred at 7:27 AM, causing panic among residents.
Authorities have reported no immediate casualties or significant damage. Experts have advised residents to remain alert and avoid unsafe structures during aftershocks.
“EQ of M: 5.3, On: 04/12/2024 07:27:02 IST, Lat: 18.44 N, Long: 80.24 E, Depth: 40 Km
A 5.3-magnitude earthquake struck Telangana's Mulugu district early Wednesday morning, with tremors felt in Hyderabad and parts of Andhra Pradesh. The earthquake occurred at 7:27 AM, causing panic among residents.
Authorities have reported no immediate casualties or significant damage. Experts have advised residents to remain alert and avoid unsafe structures during aftershocks.
“EQ of M: 5.3, On: 04/12/2024 07:27:02 IST, Lat: 18.44 N, Long: 80.24 E, Depth: 40 Km
