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basic exemption limit. Suresh Surana, practising chartered accountant, says, «Section 139 mandates that ITR filing is mandatory (for individuals) in certain situations even if their total income in a financial year is below the basic exemption limit. If the ITR is not filed by the deadline of July 31, then a penalty will apply to these taxpayers.» Also Read: Last date to file ITR for different taxpayers

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MintGenie, Jain said that securities may lie unclaimed due to lack of awareness, change of address, failure to update contact information, death of the shareholder with uninformed heirs, lost documentation, and inactive accounts.Unclaimed shares and dividends are equity shares and their payouts that have not been claimed by their rightful owners even after the declaration of a dividend. Reasons include lack of awareness, outdated contact information, or heirs being unaware of investments.

probe, cancellation and retest of NEET-UG, 2024 exam on grounds of question paper leak and other malpractices, on Friday. On Thursday, the Supreme Court issued a notice regarding a plea by the National Testing Agency (NTA) seeking to transfer all petitions related to the NEET-UG 2024 examination from various High Courts to the apex court. The bench, led by Justice Vikram Nath, also stayed proceedings before different High Courts but emphasized that it would not halt the ongoing counseling process. Additionally, the SC issued a notice to the Centre and the NTA in response to a petition filed by students who appeared for the NEET-UG exam at the Meghalaya center. These students claimed they lost 45 minutes during the exam and requested to be included among the 1,563 students who were granted grace marks and offered a re-exam on June 23. The Court has scheduled the hearing for these pleas on July 8.

Crude oil futures slid in early trade on Friday on the prospect of higher-for-longer interest rates in Asia and the United States, while falling U.S. oil inventories kept prices from moving lower. Brent futures for August delivery dipped 11 cents to $85.60 a barrel by 0013 GMT, while U.S. crude was down 9 cents to $81.20 per barrel.

United States and China resumed semi-official nuclear arms talks in March for the first time in five years, with Beijing's representatives telling U.S. counterparts that they would not resort to atomic threats over Taiwan, according to two American delegates who attended. The Chinese representatives offered reassurances after their U.S. interlocutors raised concerns that China might use, or threaten to use, nuclear weapons if it faced defeat in a conflict over Taiwan. Beijing views the democratically governed island as its territory, a claim rejected by the government in Taipei. «They told the U.S. side that they were absolutely convinced that they are able to prevail in a conventional fight over Taiwan without using nuclear weapons,» said scholar David Santoro, the U.S. organiser of the Track Two talks, the details of which are being reported by Reuters for the first time.

Apple unveiled ‘Apple Intelligence’—a suite of features that bring generative AI to iPhones, iPads and Macs. As a user, you can transcribe recorded calls, generate emails and summarize notes, erase objects from images, create illustrations and animations at will, and make emoticons. In September last year, Google had already unveiled similar features, which also include live transcription of audio recordings.

Change Healthcare is starting to notify hospitals, insurers and other customers that they may have had patient information exposed in a massive cyberattack

The Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention Credit representing $86 billion shows the “vast majority” are at risk of being improper

Alexandria Nadworny decided to focus on special needs financial planning because it hits close to home. She believes planning for a loved one with special needs is “truly planning for two generations.”

Citigroup Inc. said artificial intelligence is likely to displace more jobs across the banking industry than in any other sector as the technology is poised to upend consumer finance and makes workers more productive. 

China's Commerce Ministry has accused the European Union of making unreasonable demands in its investigation into imports of Chinese electric vehicles before announcing it was raising tariffs by as much as 38%

National Highways Authority of India (NHAI) has entered into an memorandum of understanding with the Indraprastha Institute of Information Technology (IIIT, Delhi) to leverage artificial intelligence (AI) based solutions for improvement in the availability of road signs on national highways, a move aimed at enhancing road safety. The tentative length to be covered under this project shall be around 25,000 km, the ministry of road transport and highways said in a statement issued on Thursday. As per the agreement, IIIT Delhi will conduct surveys for collecting imagery and other data related to availability and condition of road signages on selected national highways stretches.

«The government is going to form a high committee. Recommendations will be expected from that high-level committee to further improve NTA, its structure, functioning, examination process, transparency and data security protocol,» said Union Education Minister Dharmendra Pradhan.

Milkfood Ltd Share Price: Shares of fast-moving consumer goods (FMCG) major Milkfood Ltd rallied 20 per cent on Thursday, June 20, after the company announced that it may consider announcing an interim dividend and a bonus issue soon. The FMCG major declared that it will conduct its board meeting on June 25 where it may consider approving the dual corporate action.In a regulatory filing to the stock exchanges, Milkfood said, ‘’We hereby inform you that a Meeting of the Board of Directors of the Company will be held on Tuesday, the 25th day of June, 2024 to inter alia, consider and approve the following matter:1.

₹ 2.2 trillion in at least six years. A Mint analysis of 132 companies whose data for 2023-24 was available shows a steady increase in dividend payout ratios over the past six years. During the fiscal year, the payout ratio reached a little over 59%, exceeding the previous five-year average of 54.8%.

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Union Budget as it can act as a pool of employment generation. «India's workforce is predominantly engaged in agriculture and the informal sector. Agriculture growth depends on rural infrastructure, private sector involvement, and waste reduction. Accelerating reforms in agriculture and food processing, coupled with increased public investments in agricultural infrastructure, can spur employment,» PHD Chamber Of Commerce And Industry said in its pre-Budget recommendations. «Increase public investments in agri-infrastructure such as cold chain infrastructure to store and transport agriculture products to strengthen agriculture supply chains,» PHDCCI added.

NEW DELHI : Now is the right time to start filing your income tax return (ITR) for fiscal year 2023-24 (assessment year 2024-25), for which the window will remain open till 31 July. This is because your Annual Information Statement (AIS), which captures your income and TDS (tax deducted at source) details, must have been updated by now. You can verify these details by tallying them with Form 26AS and Form 16 provided by your employer.

A state-owned Dutch company that is the biggest electricity grid operator in Germany says talks on selling its German business to the government in Berlin have been terminated due to the administration’s budget constraints

MUMBAI : Infosys McCamish Systems LLC reported its first annual revenue decline in eight years following a ransomware attack and weak macroeconomic demand. Revenue at the wholly owned subsidiary of Infosys Ltd. fell 4.3% to $442 million in the year ended December 2023, according to the company’s annual report earlier this month.