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This is meant to reduce litigation, but will not provide additional refund. (Representational image: PTI)

I-T returns can be updated in two years to correct any errors

This will avoid the lengthy process of litigation if the department finds that some income has been missed out by the...

2 Feb 2022 2:06 AM IST

The 30 per cent tax with 1 per cent TDS will be a deterrent to several investors who are jumping into the crypto bandwagon. AFP

Business

Cryptos to stay with 30 pc tax; digital rupee next fiscal

The gift of virtual digital assets will be taxed in the hands of the recipient

2 Feb 2022 2:03 AM IST

ICC vice president and Nafa Capital Advisors Pvt. Ltd MD Ameya Prabhu

Business

Budget will fast track economic recovery: ICC

The Indian Chamber of Commerce (ICC) has appreciated the growth oriented policy direction of the Union Budget

1 Feb 2022 4:47 PM IST

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2022-23 in the Lok Sabha, at Parliament, in New Delhi. (Photo: PTI)

Business

Budget 2022: Highest GST collections, no tax reforms for salaried...

The finance minister began the presentation by expressing empathy to those who died due to COVID-19

1 Feb 2022 1:46 PM IST

A bystander watches the stock prices displayed on a digital screen at the facade of the Bombay Stock Exchange (BSE) building, in Mumbai. (PTI Photo)

Business

Sensex surges 850 points ahead of Union Budget 2022-23

The benchmark Sensex surged 1.47 per cent or 850.71 points to 58,864.88 points, against its previous day's close at...

1 Feb 2022 11:16 AM IST

Union Finance Minister Nirmala Sitharaman during a pre-Budget photo session, on the eve of presentation of Budget 2022-23 in the Parliament, in New Delhi, Monday, Jan. 31, 2022. (PTI Photo/Manvender Vashist)

Business

Survey projects 8-8.5 per cent growth in GDP next fiscal; by 9.2 %...

Services sector worst hit by COVID-19 pandemic; agriculture the least affected

31 Jan 2022 3:06 PM IST

Gold prices in the international market are 12 per cent lower than their record high levels of $2,072 per ounce. DC Image

Business

RBI's 77 tonne gold buy is 2nd highest

RBI's gold reserves stood at 676.6 tonnes at the end of 2020, which probably has now gone up to 753 tonne

29 Jan 2022 8:54 AM IST

The nationwide campaign began in December 2021. The BETA Mobile Petrol Pump has arrived in Odisha and will tap cities across the state. ANI

Business

Repos launches mobile pumps

The new mobile pumps enable corporates and individuals to buy fuel in smaller quantities

29 Jan 2022 8:52 AM IST

$Foreign portfolio investors are also seeking clarity behind \indirect transfer\ rules that could increase tax liabilities for overseas funds. (Representational Image)$ Business

Worst Fortnight For Market As FPIs change tack

The market has fallen in seven out of the last eight sessions. Sensex and Nifty-50 closed flat on Friday after a...

29 Jan 2022 8:44 AM IST

Finance Minister Nirmala Sitharaman in the Lok Sabha during Budget Session of Parliament. (Photo: PTI)

Business

Decks cleared for bad bank to start

A total of 38 large stressed accounts aggregating to Rs 82,845 crore have been identified for transfer to the NARCL

29 Jan 2022 8:41 AM IST

Business

Google to invest USD 1 bn in Airtel; to buy 1.28 per cent stake for...

Google made the investment as part of its Google for India Digitization Fund

28 Jan 2022 11:58 AM IST

Free Trade Agreements (FTAs) have not benefitted India much. Exports to countries with whom India has entered into FTAs have grown by a meagre 10 per cent in FY19, while the imports have grown by 27 per cent.

Business

Trade pacts junk labour provisions

The ILO Centenary Declaration for the Future of Work (2019) calls for countries to place decent work as a central...

28 Jan 2022 11:45 AM IST