Department Financial News

The federal government has provided clarity on how proposed changes to capital gains taxes will work after Prime Minister Justin Trudeau prorogued Parliament without passing legislation to put the new tax rules into law.

Dowey and Ward will be based in London and will report to Tom Riley, head of global thematic strategies for AXA IM Core. The former joins from Liontrust Asset Management, where he was a fund manager and co-head of the global innovation investment team. In October 2024, Investment Week revealed that Dowey was preparing to leave Liontrust, following five years at the UK asset manager, but his next move was unknown as the time. Liontrust co-head of Global Innovation team James Dowey set to depart His new colleague Ward joins from Barings, where he served as head of global tech...

Donald Trump is set to take charge as the US President even as security has been heightened ahead of the January 20 inauguration event. Officials are also on alert for potential clashes between Trump's supporters and opponents; there's an anti-Trump People's March scheduled for Saturday on January 18 and a pro-Trump rally planned for Sunday on January 19.

Donald Trump's return to the White House.

Most of corporate Canada is still exploring the potential of artificial intelligence across their operations, but finance is one area where the technology is already proving its worth.

The U.S. Defense Department has added major Chinese technology companies including gaming and technology company Tencent, artificial intelligence firm SenseTime and the world’s biggest battery maker CATL to its list of companies it says have ties to Ch...

FASTag mandatory from April 1 and announced revisions in the Rules of Business to streamline administrative processes. The cabinet chaired by Chief Minister Devendra Fadnavis approved the public works department's proposal that toll collection at toll plazas across the state will be done exclusively through FASTag from April 1.

Uttarakhand High Court has suspended all mining activities in the state's Bageshwar district with immediate effect following reports on damage to dwellings due to sandstone mining and reprimanded the state officials for turning a blind eye to the problem. The January 6 direction of a bench comprising Chief Justice Guhanathan Narendar and Justice Manoj Tiwari came after high court-appointed court commissioners Mayank Joshi and Shaurin Dhulia submitted a report on the issue.

Subscribe to enjoy similar stories. The Pentagon on Monday added a number of well-known Chinese businesses to a list of companies it identifies as military in nature, including some of the country’s largest internet, battery, science and shipping firms. The additions to the Defense Department’s list of “Chinese military companies" reflects its assessment that China fuses commercial and military technology.

section 87A tax rebate but were prevented from claiming it post July 5, 2024. The Income Tax Department has now updated the excel utilities for ITR Forms 2 and 3 to exercise the option to update tax rebate under section 87A for FY 2023-24 (AY 2024-25). The department also said the HTML utilities will be made available shortly. This information was mentioned by the Income Tax Department in the late hours of yesterday.

Subscribe to enjoy similar stories. The greatest gift from Benjamin Netanyahu to Joe Biden was making the departing American president’s Middle East legacy seem much better than it is. And he did it by ignoring Mr.

Boston Dynamics, the extremely renowned robotics company which is known for its innovative robots like Atlas and Spot has actually laid off its 45 employees which accounts for approximately 5% of its workforce, reported Benzinga.

HMPV) were detected in Bengaluru on January 6, the Indian Council of Medical Research (ICMR) said in a statement. Both cases had no history of international travel. The ICMR identified the cases through routine surveillance for multiple respiratory viral pathogens as part of its ongoing efforts to monitor respiratory illnesses across the country.

Subscribe to enjoy similar stories. WASHINGTON—The Biden administration plans to announce Monday it is easing restrictions on humanitarian aid for Syria, a move to speed delivery of basic supplies without lifting sanctions that restrict other assistance to the new government in Damascus. The decision underscores the White House’s wariness about removing the broad sanctions on Syria until the direction taken by its new leaders, led by a group the U.S.

China has slammed a decision by the U.S. Treasury to sanction a Beijing-based cybersecurity company for its alleged role in multiple hacking incidents targeting critical U.S. infrastructure

Elon Musk, widely recognised for reshaping industries like space travel and electric vehicles, is now setting his sights on education. His newest project, Ad Astra, is a private preschool located in Bastrop, Texas, designed to transform how children learn. By combining a hands-on, STEM-focused curriculum with modern teaching methods, Ad Astra seeks to create an educational model that prioritises practical skills over traditional classroom methods.

Infosys and Tata Consultancy Services leading the pack, an analysis of data from the US immigration department showed. According to data from the US Citizenship and Immigration Services, in April-September 2024 period, out of the total 1.3 lakh H-1B visas issued to different employers, about 24,766 visas were issued to Indian-origin companies.

Jharkhand government announced that schools will remain closed for students from kindergarten to class 8 from January 7 to 13 due to the cold wave in the state. The School Education and Literacy Department, in a notification issued on Saturday evening, announced that the suspension of classes for students till grade 8 will be for all categories of schools, including government, aided, minority and private, in view of prevailing cold wave conditions in the state.

Venue : Cello Basin Reserve, Wellington New Zealand squad - Daryl Mitchell, Mark Chapman, Will Young, Glenn Phillips, Michael Bracewell, Mitchell Santner, Rachin Ravindra, Mitchell Hay, Tom Latham, Jacob Duffy, Matt Henry, Nathan Smith, William O'Rourke Sri Lanka squad - Avishka Fernando, Kamindu Mendis, Nuwanidu Fernando, Pathum Nissanka, Chamindu Wickramasinghe, Charith Asalanka, Janith Liyanage, Wanindu Hasaranga, Kusal Mendis, Nishan Madushka, Asitha Fernando, Dunith Wellalage, Eshan Malinga, Jeffrey Vandersay, Lahiru Kumara, Maheesh Theekshana, Mohamed Shiraz New Zealand vs Sri Lanka Live Score: Sri Lanka Kamindu Mendis 3 (9) Avishka Fernando 8 (19) New Zealand Matt Henry 1/6 (5) New Zealand vs Sri Lanka Live Score: OUT! run out (Mitchell Santner). New Zealand vs Sri Lanka Live Score: Sri Lanka Avishka Fernando 8 (19) Kamindu Mendis 1 (3) New Zealand Jacob Duffy 1/17 (4) New Zealand vs Sri Lanka Live Score: Sri Lanka Kamindu Mendis 0 (1) Avishka Fernando 7 (15) New Zealand Matt Henry 1/4 (4) New Zealand vs Sri Lanka Live Score: Sri Lanka Kusal Mendis 2 (8) Avishka Fernando 6 (10) New Zealand Jacob Duffy 1/15 (3) New Zealand vs Sri Lanka Live Score: OUT! CHOPPED ONE! New Zealand are all over the visitors.

tax rebate issue is of special interest and debate among taxpayers. The issue became so contentious that multiple court cases were filed against the tax department’s decision to deny eligible taxpayers the benefit of 87A tax rebate. The tax department seems to have taken a stance that if special rate incomes like short term capital gains income exists in the ITR then that ITR cannot claim 87A tax rebate. This stance however was not properly communicated to taxpayers and changes were made to the ITR processing software suddenly on July 5, 2024, which is what caused the whole 87A tax rebate mess.