News Muncher - category financial year

2 weeks, 4 days ago

Opting for old tax regime? Check these tax-saving schemes under Section 80C

Opting for old tax regime? Check these tax-saving schemes under Section 80C Old tax regime: One of the most valuable deductions available under the Old Tax Regime is Section 80C, which allows taxpayers to claim deductions of up to Rs 1.5 lakh per financial year. Tax-saving schemes under Section 80C Public Provident Fund : The Public Provident Fund is a …

Savings Tax Interest Old Rate Regime Scheme

1 month ago

Sikkim Government’s Disinvestment in Teesta III to Greenko: Strategic Move or Missed Opportunity?

The Hindu

Published : Feb 24, 2025 21:53 IST - 4 MINS READ In a Cabinet meeting held on February 2, the Sikkim government decided to divest its entire 60.8 per cent stake in Sikkim Urja Ltd, the company that owns the Teesta III project, in favour of Greenko Energies Private Ltd, a private partner in the project. The previous Sikkim Democratic …

Financial Power Company Project Crore Cabinet Stake

1 month, 1 week ago

Will the new ‘lucid’ Income Tax bill reduce disputes and litigation?

The Hindu

The story so far: Finance Minister Nirmala Sitharaman introduced the Income Tax Bill, 2025, in Lok Sabha on February 13 to make India’s direct tax law “concise, lucid, easy to read and understand”. The existing Income Tax Act of 1961 has been amended numerous times, “overburdening” the law and making its language complex, argues the new IT Bill. The new …

Law Financial Tax Digital Income Tax Administration Act

1 month, 1 week ago

Income Tax Bill 2025: Changes under the new bill that taxpayers must know. Check FAQs

Live Mint

On February 13, Finance Minister Nirmala Sitharaman introduced the Simplified Income Tax Bill 2025 in the Lok Sabha. Shefali Mundra, Tax Expert, at ClearTax, said there are several provisions under the Income Tax Bill 2025, the important ones are: The introduction of the concept of Tax Year Use of modern mechanisms for compliance and a more structured tax recovery structure …

Financial Tax Assessment Income Tax Changes Income 2025

Income Tax Bill 2025: Tax year vs assessment year vs financial year vs calendar year - Difference explained

India TV News

The Income Tax Bill 2025 has been introduced in the Lok Sabha by Finance Minister Nirmala Sitharaman. The Bill will also replace terminologies such as "assessment year" and "previous year" with the easier-to-understand "tax year" as part of a move to simplify language. Tax Year and Financial Year As per the draft Income Tax Bill 2025, the tax year is …

India Financial Tax Assessment Income Tax Act Income 2025

1 month, 2 weeks ago

New Income Tax Bill 2025: Concept Of "Tax Year" To Be Introduced Instead Of "Assessment Year", "Financial Year" To Remain Unchanged

Live Law

The new Income Tax bill is set to introduce the concept of 'Tax Year'. For the purposes of this Act, “tax year” means the twelve months period of the financial year commencing on the 1st April. Amortisation of certain preliminary expenses: As per the existing Income Tax Act, 1961, Section 35D states that where an assessee, being an Indian company …

Business India Financial Tax Income Nil Lakh

1 month, 2 weeks ago

New Income Tax Bill aims to clear confusion between Assessment Year and Financial Year. Here’s how

Live Mint

The “crisper and simplified” new Income Tax Bill 2025 has replaced the term ‘previous year’ from the 60-year-old Income Tax Act, 1961, with ‘tax year’ and done away with the concept of ‘assessment year’. New Income Tax Bill 2025 will simplify ‘tax year’ definition The report noted that the new Income Tax Bill proposes that ‘previous year’ as mentioned in …

Tax Assessment Income Act Bill Cbdt Financial Year

1 month, 2 weeks ago

USAID and India: Know about its links to proselytizing groups like 'World Vision India', which sought to undermine the Modi govt

Op India

The Donald Trump administration has cracked down on the controversial United States Agency for International Development. “It is exceptionally painful to watch all this,” said Kent Hill, a former top official at USAID who also worked at World Vision and in Christian higher education as the president of Eastern Nazarene College. World Vision India gets a bulk of their revenue …

Society Christianity Delhi World Church Registrar Gujarat

Dividend stocks 2025: Sun Pharma, CCI to IRB infra — six stocks to trade ex-dividend today

Live Mint

Dividend stocks today: Sun Pharmaceutical Industries Ltd, Container Corporation of India Ltd, IRB Infrastructure Developers ltd, Triveni Turbine Ltd, Sharda Cropchem Ltd, India Motor Parts are the six shares that may remain in focus as will trade Ex-dividend today. Record date implies that as per the T+1 settlement process, investors should have purchased shares of Sun Pharma, Container Corporation, IRB …

Record Financial Equity Company Share 2025 Date

1 month, 3 weeks ago

Visakhapatnam Steel Plant sets record with 31 lakh tonnes of hot metal production despite financial crisis

The Hindu

Despite the financial crisis and the inability to pay full salaries to employees from the past few months of this financial year 2024-25, Rashtriya Ispat Nigam Limited-Visakhapatnam Steel Plant has created a record by producing 31 lakh metric tonnes of hot metal production in the pre-scheduled financial year from April to January, according to reliable sources from the company. RINL’s …

Financial Employees Steel Crore Tonnes Lakh Plant

1 month, 3 weeks ago

Coal India share price declines 4% post production numbers, January volume details

Live Mint

Stock Market today: Coal India share price declined 3% in the morning trades on Monday after it had declared production numbers, January volume details on Saturday, post market hours Provisional Production and Off-take Performance of Coal India and Subsidiary Companies for the month of January’25 and for the period April’24-Jan’25, declared by Coal India, showed that production remained slightly lower …

India Coal Share Coal India Financial Year Production Declines

1 month, 3 weeks ago

Average workdays per household is down to just 44 days under MGNREGS

The Hindu

Falling short of the 100 days of work guaranteed under the Mahatma Gandhi National Rural Employment Guarantee Act, average workdays per household under the scheme had come down to just 44.62 days in 2024-25 from 52.08 days in 2023-24, a consortium of non-profit organisations said on Sunday. In a statement on Sunday, NREGA Sangharsh Morcha, the consortium of MGNREGS workers …

Financial Rural Crore Mgnrega Wage Financial Year

1 month, 4 weeks ago

GDP growth, inflation and more: The key takeaways from Economic Survey tabled by Nirmala Sitharaman

Firstpost

Finance Minister Nirmala Sitharaman today tabled the Economic Survey 2024-2025 in Parliament. Let’s take a closer look: On GDP The Economic Survey stated that India’s real GDP is estimated to grow at 6.4 per cent in the 2025 Financial Year. The Economic Survey said retail headline inflation as per the Consumer Price Index has come down from 5.4 per cent …

Food India Trend Growth Inflation Economic Survey

Tamilnad Mercantile Bank reports Q3 net profit at ₹300.24 cr up 6%

Live Mint

Chennai, Jan 29 Private sector Tamilnad Mercantile Bank Ltd has reported a net profit of ₹300.24 crore for the October-December 2024 quarter, up by 6 per cent, driven by continued growth in core lending and deposit businesses, a top official said on Wednesday. The net profit for the nine month period ending December 31, 2024 went up to ₹890.71 crore, …

Bank 2024 Period Crore Cent Net Net Profit

2 months, 1 week ago

Karur Vysya Bank reports 20.39% rise in Oct-Dec’’ 2024 net at ₹496 cr

Live Mint

Chennai, Jan 21 Private sector Karur Vysya Bank has reported a 20.39 per cent rise in its net profit for the October-December 2024 quarter to ₹496 crore, the bank said on Tuesday. For the nine month period ending December 31, 2024, the net profit surged by 24.28 per cent at ₹1,428 crore, as compared to a net profit of ₹1,149 …

Bank Profit 2024 Babu Crore Net Karur Vysya Bank

2 months, 2 weeks ago

17% passenger growth of Mangaluru International Airport in 2024

The Hindu

Mangaluru International Airport has recorded 17.12% growth in passengers in 2024, compared to 2023. Commercial ATMs registered growth of 16% in the first nine months of 2024-25 financial year. In the nine months of the financial year 2024-25, the MIA handled 17,28,686 passengers, compared to 14,89,861 passengers in the same period in 2023-24. There was 16.8% increase in the number …

Passengers Financial Airport 2024 2023 Months Passenger

2 months, 3 weeks ago

Oil refiners may see fall in profit next financial year

New Indian Express

NEW DELHI: Indian oil refineries will see their profits decline in the next financial year, according to a report by Fitch Ratings. The main reasons for this decline are lower prices for petroleum products, a surplus of these products in the region, and reduced benefits from fluctuations in global crude oil prices. However, oil marketing companies are expected to maintain …

India Oil Prices Demand Fy25 Financial Year

3 months ago

Operating losses of e-pharmacies seen falling below 10% next financial year: Crisil report

Live Mint

New Delhi, December 24 : India's online pharmacy sector is on course to reduce operating losses to below 10 per cent next financial year from over 30 per cent in financial year 2023, asserted Crisil Ratings. Poonam Upadhyay, Director, CRISIL Ratings, said, "E-pharmacies are eyeing sustainable growth by diversifying into high-margin segments such as wellness products and medical equipments, which …

India Cent Crisil Fiscal Financial Year Operating Losses

3 months ago

Punjab: GST on turbine fuel will cause fiscal crisis in states, says Cheema

Hindustan Times

Punjab finance minister Harpal Singh Cheema on Monday opposed the agenda of bringing air turbine fuel under the ambit of Goods and Services Tax saying that it would pave the way for removing petroleum products from the Value Added Tax. In a release issued here, Punjab finance minister Harpal Singh Cheema said this decision would be detrimental to the states …

States Crore Punjab Gst Petrol Vat Financial Year

3 months, 1 week ago

Inheritance tax raid up by £600MILLION - as they are set to exceed £8billion by end of financial year

Daily Mail

Bereaved families paid a staggering £5.7billion in inheritance tax in just eight months of this year. The year-on-year increase means inheritance tax bills look likely to exceed £8billion this financial year. Families paid £7.6billion in inheritance tax in the last financial year, up from £7.1billion the year before. A series of changes announced by Chancellor of the Exchequer Rachel Reeves …

Tax Inheritance Inheritance Tax Financial Year

3 months, 3 weeks ago

HC rejects pleas against closure of bars at midnight in Panchkula

Hindustan Times

The Punjab and Haryana high court has dismissed petitions challenging the Haryana government decision of not allowing serving of liquor in Panchkula bars and pubs post midnight. In financial year 2023-24, in Panchkula, pubs/bars were allowed to serve liquor throughout the night after paying a fixed fee. The high court dismissed the pleas from Panchkula bar owners, who had challenged …

Policy Panchkula Gurugram Night Financial Year Serve Liquor

3 months, 3 weeks ago

Upcoming IPO: Sai Life Sciences IPO opens on December 11; price band set at ₹522-549

Live Mint

Upcoming IPO: Sai Life Sciences, which develops and manufactures small-molecule new chemical entities, will launch its initial public offering on Wednesday, December 11, and will remain so until Friday, December 13. Sai Life Sciences IPO price band has been fixed at ₹522-549 per share. Sai Life Sciences IPO details The IPO will open on Wednesday next week and close on …

Life Company Crore Issue Ipo Sciences Sai

3 months, 3 weeks ago

Central tax officers book 12,803 GST evasion cases in Gujarat in 4 years, 101 persons arrested

Deccan Chronicle

New Delhi: Central tax officers have booked 12,803 cases of GST evasion and arrested 101 persons during the past four financial years in Gujarat, Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday. "In the State of Gujarat, during Financial Year 2021-22 to 2024-25, the number of GST evasion cases booked by Central Tax formations is 12,803," Sitharaman said. …

Gujarat Cases Crore Lakh Gst Financial Year Gst Evasion

4 months, 1 week ago

Avoid common mistakes that people make with NRI transactions

Live Mint

Non-resident Indians receive or send money to India quite often, and usually open a non-resident ordinary or non-resident external bank account, or both. View Full Image Graphic: Pranay Bhardwaj "A resident individual can transfer INR funds into an NRO account online – subject to the maximum INR transfer limit set in your netbanking – or offline. To transfer funds from …

Money Indian Transfer Shah Resident Funds Nri

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Articles for Financial Year

Opting for old tax regime? Check these tax-saving schemes under Section 80C

Sikkim Government’s Disinvestment in Teesta III to Greenko: Strategic Move or Missed Opportunity?

Will the new ‘lucid’ Income Tax bill reduce disputes and litigation?

Income Tax Bill 2025: Changes under the new bill that taxpayers must know. Check FAQs

Income Tax Bill 2025: Tax year vs assessment year vs financial year vs calendar year - Difference explained

New Income Tax Bill 2025: Concept Of "Tax Year" To Be Introduced Instead Of "Assessment Year", "Financial Year" To Remain Unchanged

New Income Tax Bill aims to clear confusion between Assessment Year and Financial Year. Here’s how

USAID and India: Know about its links to proselytizing groups like 'World Vision India', which sought to undermine the Modi govt

Dividend stocks 2025: Sun Pharma, CCI to IRB infra — six stocks to trade ex-dividend today

Visakhapatnam Steel Plant sets record with 31 lakh tonnes of hot metal production despite financial crisis

Coal India share price declines 4% post production numbers, January volume details

Average workdays per household is down to just 44 days under MGNREGS

GDP growth, inflation and more: The key takeaways from Economic Survey tabled by Nirmala Sitharaman

Tamilnad Mercantile Bank reports Q3 net profit at ₹300.24 cr up 6%

Karur Vysya Bank reports 20.39% rise in Oct-Dec’’ 2024 net at ₹496 cr

17% passenger growth of Mangaluru International Airport in 2024

Oil refiners may see fall in profit next financial year

Operating losses of e-pharmacies seen falling below 10% next financial year: Crisil report

Punjab: GST on turbine fuel will cause fiscal crisis in states, says Cheema

Inheritance tax raid up by £600MILLION - as they are set to exceed £8billion by end of financial year

HC rejects pleas against closure of bars at midnight in Panchkula

Upcoming IPO: Sai Life Sciences IPO opens on December 11; price band set at ₹522-549

Central tax officers book 12,803 GST evasion cases in Gujarat in 4 years, 101 persons arrested

Avoid common mistakes that people make with NRI transactions