UPS Financial News

USA. Recently, she checked her Form 26AS online and discovered a TDS entry of INR 20,000, deducted at 30% of the interest earned in her NRO account in India. Now, the big question arises: Does Srishti need to pay tax in India? And is it mandatory for her to file an income tax return? Let's take a look into the world of income tax filing for NRIs to find the answers.

HCL Technologies Ltd.(up 1.7 per cent), MphasiS Ltd.(up 0.91 per cent), Wipro Ltd.(up 0.59 per cent), Tech Mahindra Ltd.(up 0.58 per cent) and Tata Consultancy Services Ltd.(up 0.52 per cent) were among the top gainers.

Competition Commission of India (CCI) has notified regulations governing the so-called lesser-penalty plus or, more commonly, the leniency-plus regime, which would allow companies that are under probe for cartelisation to report other cartels and get their own penalties reduced. The regulations followed a notification by the Ministry of Corporate Affairs (MCA) that said the regime would come into force on February 20. This regime was proposed in the Competition (Amendment) Act 2023, modifying an earlier framework. According to the new regulations, the anti-trust regulator can reduce penalty by up to an additional 30% for a company for being part of the first cartel, besides trimming it by up to 100% for its involvement in the newly-disclosed cartel, said analysts.

income tax demand. CBDT said in the order, «Consequent to the aforesaid remission and extinguishment of entries of outstanding demand, there shall not be requirement of calculation of interest on account of delay in payment of demand under sub-section (2) of section 220 of the Income-tax Act, 1961 or corresponding provisions of Wealth-tax Act, 1957 and Gift-tax Act, 1958 and therefore, the same shall not be considered for the purpose of determining the ceiling of Rs 1,00,000 (Rupees one lakh).» Also read: Tax demand up to Rs 1 lakh/person waived: Check ITR a/c.

Indian Hotels Company Ltd. traded at Rs 565.3 on BSE at 11:01AM (IST) on Thursday, up 1.52 per cent. The stock quoted a 52-week low price of Rs 298.2 and a high of Rs 567.5. Earlier in the day, the stock saw a gap up opening.

Nifty ruled at 21899.25, down 155.8 points. The scrip had closed at Rs 926.35 in the previous session. The stock quoted a 52-week low of Rs 557.15 and a high of Rs 1049.75. The company quoted a market-cap of Rs 74420.0 crore on the BSE.

South Korean province of Gyeonggi is utilizing a clever new system to catch tax dodgers hiding their wealth in cryptocurrency. The innovative approach has already recovered a total of $4.6 million in owed taxes from just one group of delinquents.

Also Read: Union Cabinet approves amendment in FDI policy on space sector, up to 100% in making components for satellites As per the existing FDI policy, FDI is permitted in the establishment and operation of satellites through the government approval route only. "In line with the vision and strategy under the Indian Space Policy 2023, the Union Cabinet has eased the FDI policy on the space sector by prescribing liberalised FDI thresholds for various sub-sectors and activities," the press release said.

I understand that interest from a post office savings bank account is first included as income under the “income from other sources" and then the deduction is available u/s 80TTA up to ₹10,000 for a HUF and an individual other than a resident senior citizen individual and deduction u/s 80TTB upto ₹50,000 for resident individuals. Does it mean that the 3,500 exemption is no longer available and only deduction under Section 80TTA/80TTB is available? Yes, the interest on your savings bank account is taxable under the head income from other sources at the slab rate applicable to you. Generally, there is no exemption for interest on a savings bank account received by you but interest received from a savings bank account with a post office up to ₹3,500 in a financial year is eligible for exemption under Section 10(15)(i) read with Circular: No.

PM Kisan website. The website confirms that the date for the release of the scheme's 16th instalment is set for February 28. Beneficiaries under PM Kisan receive an annual cash benefit of ₹6,000, distributed in three instalments of ₹2,000 each.

₹445.15 as against previous close of ₹442.15 apiece on the BSE and gained as much as 1.71% to an intraday high of ₹450.00. Brokerage firm Anand Rathi has named Shilpa Medicare as its pick of the month and expects an upside of over 19% in the stock. “Shilpa Medicare on weekly chart is showing high volume breakout.

Real estate is one of the favourite asset classes of investors. However, with the increase in the cost of real estate and sky-high home prices, different investment options that aim to deliver returns of underlying real estate have come up. Fractional real estate is one such concept where people can invest in a fraction of a real estate property.

Graphite India and HEG share prices rose more than 6% in morning trades on Thursday. The share prices already have already risen 68-78% in a year as both stocks scaled 52-week highs in first week of the current month. Graphite India and HEG ltd though are seeing volume growth as was visible in their quarterly performance during December quarter, all eyes are on the improvement in operating performance that can lift their earnings.

Nvidia wasn’t priced for perfection. Investors expected it anyway—and nearly got it. The chip maker at the forefront of the artificial-intelligence revolution managed to deliver a stronger-than-expected quarterly report and forecast on Wednesday afternoon.

Apple has launched a new Apple Sports app that gives sports fans access to real-time scores, stats, odds and more right from their lock screen. The new Sports app is free and doesn't come with any ads for now, and is initially available to iPhone users in the US, UK and Canada.

Gold And Silver Prices Today: Gold prices experienced a slight decrease on Thursday. The price of 24 carat gold in Delhi is Rs.6319.2 per gm, a decrease of Rs.3.0, while the cost of 22 carat gold is Rs.5788.3 per gm, down by Rs.4.0. The price change in 24 carat gold over the last week has been -2.17%, whereas in the last month it has shown a decrease of -0.05%.

(Reuters) — Japan's Nikkei share average hit a record high on Thursday, surpassing its 1989 peak after a year-long rally driven by cheap valuations, corporate reforms and investment flows diverted from a battered Chinese stock market.

Investing.com-- Japan’s Nikkei 225 index hit an intraday record high on Thursday, buoyed chiefly by gains in the technology sector as hype over artificial intelligence spurred a rally in major chip stocks.

By Josh Ye

Nikkei share average climbed to the cusp of an all-time peak on Thursday after unexpectedly strong revenue forecasts from U.S. chip designer Nvidia lifted Asian tech stocks. However, the regional mood was tempered by a retreat in Chinese stocks from multi-month highs reached amid Beijing's efforts to boost market confidence.

Shilpa Medicare with a target price of Rs 540. The current market price of Shilpa Medicare is Rs 441.95. Shilpa Medicare Ltd., incorporated in the year 1987, is a Small Cap company (having a market cap of Rs 3828.83 Crore) operating in Pharmaceuticals sector.