Bill Financial News

24.02 / 07:39

COST UPS Provident Bill Experts reports Updates After the Budget, updating ITR may cost you more than a reassessment

Subscribe to enjoy similar stories. The 2025 Budget has extended the window for filing updated income tax returns (ITRs) from two years to four. So, after you file an ITR, you get four years from the end of the assessment year to include any additional income in the updated ITR that you have missed reporting in the original tax return.

23.02 / 10:07

markets UPS Target Cooper ICE Bill Courts States threaten fines, jail time for local officials who resist Trump's immigration crackdown

Donald Trump's crackdown on illegal immigration are threatening local officials who resist with lawsuits, fines and even potential jail time. Lawmakers in more than 20 states this year have filed legislation targeting so-called sanctuary policies that limit cooperation with federal immigration authorities, according to an Associated Press analysis using the bill-tracking software Plural.

23.02 / 06:43

markets Parke Election Bill RAI PDP starts signature campaign for alcohol ban in J&K, Mirwaiz, Ruhullah urge visitors to respect local sensitivitie

22.02 / 17:15

markets CEO Apple Bill performer reports Warren Buffett admits Berkshire Hathaway surpassed his expectations in 2024 as profits soar—But why is he holding a record $334 billion in cash?

Warren Buffett, the CEO of Berkshire Hathaway, recently shared his 2024 annual letter to shareholders, highlighting the company's financial achievements and strategic decisions over the past year. Despite challenges, Berkshire Hathaway reported record operating earnings of $47.44 billion in 2024, a 27% increase from the previous year.

22.02 / 17:15

markets FIVE Bill Universities Department Courts Colleges Amid opposition, govt to revise draft bill to amend Advocates Act

Department of Legal Affairs in the Union law ministry floated the draft bill on February 13 for public consultations.

22.02 / 14:41

markets CEO Bill performer pop reports Berkshire operating earnings surge 71% in fourth quarter, cash hoard balloons to record $334 billion

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22.02 / 09:31

markets Apple wellness Bill Trade reports Why is Warren Buffett hoarding so much cash?

The mountain of cash and Treasury bills at the famed investor’s company, Berkshire Hathaway, rose above $300 billion in the third quarter—easily a record and its highest as a percentage of company assets in data going back to 1998, according to Dow Jones Market Data.

21.02 / 12:33

markets Target Research Bill Trade Experts country Why Trump has thrown VAT into the trade stand-off

Trump says value-added taxes carry a lot of blame for America's near trillion dollar trade deficit with the rest of the world. The 170-plus countries who charge VAT — including top U.S. trade partners in Europe — insist they have no impact.

21.02 / 06:43

markets UPS security Bill reports rights NMDC’s fate hangs on outcome of Karnataka mining bill that increases royalty payable by company

Subscribe to enjoy similar stories. NMDC Ltd's shares have declined about 20% since its December high, after the Karnataka (Minerals Rights and Mineral Bearing Land) Tax Bill, 2024, was passed by the state legislative assembly. The bill, pending the governor’s approval, substantially increases the royalty payable by mining companies.

21.02 / 01:31

markets Analysis Research Bill trends Trade rights RBI to hold variable rate repo auction to infuse Rs 75,000 crore

This announcement for the VRR to be conducted at noon Friday comes on the day RBI received four times more bids under the bond purchase programme — or the open market operations (OMO) — the last among a host of liquidity infusion measures announced on January 27.

20.02 / 20:01

markets FIVE security Bill Trade War reports Posthaste: This mortgage could pay off if Bank of Canada slashes rate in tariff war

With Canadians on tenterhooks over Donald Trump‘s looming tariff war, now might not seem to be the best time to take a chance on a variable-rate mortgage.

20.02 / 16:03

markets COST Bill President Experts International Cost accountants equipped to conduct tax audits, get 'accountant' status: ICMAI president

Cost accountants are equipped to conduct tax audits, a senior official of the Institute of Cost Accountants of India (ICMAI) said on Thursday, making a case for treating such professionals as accountants under the provisions of the new Income Tax Bill, amid opposition from the chartered accountants' body.

20.02 / 10:21

markets Provident Bill reports rights mountaineering Big dampener for "outsiders" seeking to buy agri land in Uttarakhand

Uttarakhand has made most districts out of bounds for «outsider» agriculturalists and horticulturalists. TheUttarakhand cabinet on February 20 approved a draft legislation that prohibits individuals from other states from acquiring agricultural and horticultural land in 11 of its 13 districts, with Haridwar and Udham Singh Nagar being the exceptions, ToI's Kautilya Singh reported. This legislative initiative is intended to «protect the state's resources, cultural heritage, and the rights of its citizens.» The bill is anticipated to be presented during the ongoing Budget session.

20.02 / 08:37

markets UPS Digital Software Bill RAI RBI weighs some relief for New India Co-op Bank depositors, sources say

20.02 / 02:03

COST Provident Google Platform Mobile Interface Bill Enjoying free UPI? Google will make you pay!

Google Pay, one of the leading Unified Interface Payments (UPI) platforms, has introduced a convenience fee for bill payments, such as those for electricity and cooking gas, charging customers who have hitherto been using the avenue for free when making low-value transactions. To be sure, the charges apply to payments made with credit and debit cards, with fees ranging from 0.5% to 1% of the transaction value, plus the applicable goods and services tax (GST).

20.02 / 00:33

PwC Opinion Deloitte Bill Experts stage information Mint Explainer: Can capital gains make you ineligible for a tax rebate?

Subscribe to enjoy similar stories. In Union Budget 2025-26, finance minister Nirmala Sitharaman raised the tax-rebate threshold under Section 87A of the Income Tax Act from ₹7 lakh to ₹12 lakh.

19.02 / 15:03

markets security Election Bill RAI BJP names Rekha Gupta as new Delhi CM after days of deliberation,

Bharatiya Janata Party on Wednesday announced Rekha Gupta as the new Chief Minister of Delhi with the oath ceremony slated for February 20.

19.02 / 13:05

UPS BLOCK Food Bill Experts travelers Is there really a case for HRA benefit under the old regime?

After the budget tweaked rates under the new tax regime, it has become a straightforward choice for taxpayers. However, some salaried individuals who pay a huge amount as rent wonder if they can maximise tax-savings in the old regime.

19.02 / 12:29

markets COST UPS Bill President reports Tax audits our forte, would be unfair to treat others as accountants: ICAI president Nanda

Audits, including the tax ones, should remain the preserve of chartered accountants, as they are best trained for these tasks, new president of the Institute of Chartered Accountants of India (ICAI) Charanjot Singh Nanda asserted on Wednesday, opposing suggestions to treat other professionals as accountants.

19.02 / 08:11

Digital security economy Enterprise Interface Bill inclusion Govt to roll out credit rating for rural borrowers in six months

Subscribe to enjoy similar stories. New Delhi: The Union government plans to launch a Grameen Credit Score system within six months, mirroring the MSME credit framework, to boost formal lending to farmers, self-employed individuals, and self-help groups (SHGs), two people familiar with the matter toldMint.

19.02 / 05:13

markets Provident Action Bill cover Schools Courts End of arbitrary arrest by income tax officers? New Income Tax Bill 2025 proposes to decriminalise Section 276CCC

Tax Bill 2025 has said a person who failed to file an Income Tax Return (ITR) after a search operation will not be prosecuted under clause 480 without prior approval of higher tax authorities. Earlier in the Income Tax Act, 1961, there was no requirement for such approval. Also, the new tax Bill explicitly mentions that clause 480 which corresponds to Section 276CCC of Income Tax Act, 1961, is a non-cognizable offence. Earlier it was not explicitly mentioned in the 1961 Act. For the uninitiated, cognizable offence means authorities can arrest without prior court approval. Non-cognizable offence means authorities need prior approval from a court before arresting the person.

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