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Pahalgam terror attack: Nirmala Sitharaman cuts short US-Peru visit

FM Sitharaman tables revised Income Tax Bill in Parliament to improve fairness, clarity

Tabling the bill in Lok Sabha, FM Sitharaman said that suggestions have been received which are required to be incorporated to convey the correct legislative meaning. "There are corrections in the nature of drafting, alignment of phrases, consequential changes and cross-referencing," she said, adding that the earlier Bill was pulled back to avoid confusion. 15 days ago
ITR-5 Excel Utility Goes Live for Eligible Non-Individual Taxpayers

ITR-5 Excel Utility Goes Live for Eligible Non-Individual Taxpayers

The updated form includes sections for MSME registration, startup deductions under Section 80-IAC, and expanded reporting for virtual digital assets. Buyback losses can now be reported only if related dividends were taxed. The filing deadline for non-audit cases is September 15, with verification required within 30 days. The utility covers detailed financial disclosures and income schedules, with matching Form 26AS tax credits mandatory. Excel utilities for ITR-1 to ITR-4, ITR-2, and ITR-3 have already been released. 17 days ago
Centre aims to collect Rs 900 crore for BSNL, Rs 4,573 crore for MTNL via asset monetisation in FY26

Centre aims to collect Rs 900 crore for BSNL, Rs 4,573 crore for MTNL via asset monetisation in FY26

Union Minister of State for Communications, Pemmasani Chandra Sekhar, told the Rajya Sabha in a reply to a question that the assets monetisation is being done as per the revival packages approved by the Union Cabinet. The minister emphasised that there is no plan to shut down BSNL and MTNL, and the "proceeds of asset monetisation are being used in accordance with the approvals of the Union Cabinet". 26 days ago
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