The Income Tax Act, 2025 came into force from April 1, marking a major overhaul of India’s tax framework, with the Central Board of Direct Taxes (CBDT) describing it as a step towards simplified compliance and a “new chapter” in tax administration, according to PTI.The new law replaces the six-decade-old Income Tax Act, 1961, and…
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NEW DELHI: The National Medical Commission (NMC) has imposed a penalty of Rs 1 crore each on seven medical colleges across the country for failing to disclose the stipend paid to MBBS interns and postgraduate medical residents despite repeated directions.The action follows non-compliance with an earlier directive requiring all medical institutions to publicly disclose stipend…
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Grayscale is aiming to give U.S. investors exposure to Bittensor’s TAO, pushing decentralized artificial intelligence further into mainstream crypto markets. The digital asset manager filed an initial S-1 registration statement with the U.S. Securities and Exchange Commission on Tuesday for what would be the first U.S.-listed exchange-traded product (ETP) offering exposure to TAO. The proposed…
NEW DELHI: Amid outflows, foreign portfolio investors (FPIs) have sought a review of the taxes applicable on them, especially capital gains.Those familiar with the deliberations said the issue has been raised with market regulator Sebi as well as govt officials with certainty in tax policies being underlined repeatedly.Apart from high cost of trading in India…
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NEW DELHI: Prime Minister Narendra Modi on Thursday responded to the opposition’s criticism over his unscheduled stop to buy “jhalmuri” during poll campaigning in West Bengal.While addressing a rally in Krishnanagar, the Prime Minister said Bengal will celebrate the BJP’s victory with sweets and jhalmuri.“You must wave the flag of the BJP-NDA’s victory with all…
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