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If your net income-tax liability exceeds Rs 10,000 in a financial year, you are required to pay advance tax in four installments as per the Income Tax Act, 1961. Net tax liability refers to the estimated tax due after adjusting for TDS. While this rule applies to most taxpayers, the law also provides key exemptions…
The airline recorded the largest number of flight cancellations by an Indian carrier in the nation’s aviation history. (ANI photo) IndiGo flight cancellations latest news: IndiGo has said that it expects to operate more than 1500 flights by day’s end on Saturday, having restored over 95% of network connectivity by serving 135 out of 138…
As oil surges past $100 amid escalating Middle East tensions, the question for the Bitcoin network and miners is not whether their power bills will rise, but whether Bitcoin’s price will fall. According to research from bitcoin mining software and services company Luxor’s Hashrate Index, the direct effect of oil price shocks on mining costs…
Bulgaria on Thursday adopted the euro as its official currency, becoming the 21st country to join the eurozone, a long-anticipated milestone that comes almost 20 years after the Balkan nation entered the European Union, but one that has exposed deep political and public divisions.At midnight, Bulgaria formally gave up the lev, which had been in…
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NEW DELHI: Air India said on Monday it is in the process of returning personal belongings of the AI-171 crash victims, seven months after 260 people were killed in the country’s worst aviation disaster in nearly three decades.According to an Air India spokesperson, 22,000 belongings have been preserved and listed on a dedicated portal. Of…
India’s economy is likely to have expanded by around 7.5 per cent in the second quarter of FY26, supported by stronger investment activity, improving rural demand and the effects of GST rationalisation, according to a research report by the State Bank of India (SBI). As per news agency ANI, the report said growth continues to…
Investment manager Brevan Howard’s cryptocurrency fund fell almost 30% last year as the bitcoin BTC$67,409.91 bull run faltered, the Financial Times (FT) reported on Wednesday. The BH Digital Asset fund lost 29.5% of its value, its worst performance in a calendar year since its inception in 2021, according to the report, which cited people familiar…
NEW DELHI: The income tax department Saturday unveiled the draft income tax rules which aim to simplify tax filing and usher in ease of compliance. The new rules, which will come into effect from April 1, cover a range of issues for ordinary taxpayers and companies, with an emphasis on simplification, faceless assessments and reducing…
