The Income Tax Department is cracking down on big spenders who might be dodging their taxes. They’re using advanced data analysis and working closely with financial institutions to keep a close eye on high-value transactions to ensure everyone pays their fair share. What’s Being Monitored? The I-T Department is partnering with banks, post offices, co-operatives, … Read more
A public feud erupted between Elon Musk and former President Donald Trump, with Musk’s father, Errol Musk, weighing in from Moscow. Errol attributed the conflict to “a lot of stress for five months” on both sides, suggesting his son “made a mistake” by publicly challenging Trump. According to Reuters, Errol told Russian media, “You know … Read more
Arihant Capital Recommends Buying IREDA & IndusInd Bank, Holding Cochin Shipyard Mumbai, India – Following a significant 50 basis point interest rate cut by the RBI, which propelled Indian benchmark indices higher on Friday, Arihant Capital Markets has shared its latest stock recommendations. Mileen Vasudeo, Senior Technical Analyst at Arihant Capital, suggests investors buy shares … Read more
India is on the cusp of a major upgrade to its aerial intelligence capabilities with the I-STAR (Intelligence, Surveillance, Target Acquisition and Reconnaissance) project, an ambitious Rs 10,000 crore initiative. This project is expected to receive government approval this month, marking a significant leap for the Indian Air Force (IAF). What is the I-STAR Project? … Read more
The ongoing public feud between Elon Musk and Donald Trump has intensified, drawing renewed attention to persistent allegations connecting Trump with convicted sex offender Jeffrey Epstein. Musk’s Bold Claims Elon Musk recently ignited the latest round of accusations with a provocative post on X (formerly Twitter). He claimed that Donald Trump is explicitly named in … Read more
The Income Tax Department in India is cracking down on big spenders who might be underreporting their income. They’re doing this by keeping a close eye on high-value financial transactions, and they’ve roped in banks, post offices, and even fintech companies to help. These institutions now have to report certain activities to ensure everyone pays … Read more
Advisory regarding non-editable of auto-populated liability in GSTR-3B Jun 7th, 2025 1.GST Portal provides a pre-filled GSTR-3B, where the tax liability gets auto-populated based on the outward supplies declared in GSTR-1/ GSTR-1A/ IFF. As of now taxpayers can edit such auto populated values in form GSTR 3B itself. 2.With introduction of form GSTR 1A, taxpayer … Read more
Barring of GST Return on expiry of three years Jun 7th, 2025 As per the Finance Act,2023 (8 of 2023), dt. 31-03-2023, implemented w.e.f 01-10-2023 vide Notification No. 28/2023 – Central Tax dated 31th July, 2023, the taxpayers shall not be allowed file their GST returns after the expiry of a period of three years … Read more
Shri T. Rabi Sankar appointed as part-time Member of the 16th Finance Commission (XVIFC) Posted On: 07 JUN 2025 3:25PM by PIB Delhi The President has appointed Shri T. Rabi Sankar, Deputy Governor, Reserve Bank of India (RBI), as a part-time Member of the 16th Finance Commission (XVIFC). He shall hold office from the date of … Read more
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan – Extension of period The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan vide … Read more
