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Akm Global

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US designates Al Qaeda in Indian subcontinent as terror group

The United States on Thursday designated Al Qaeda in the Indian subcontinent, a regional branch of the global terror network, as a "foreign terrorist organisation" and added its chief Asim Umar on......

Over 5,300 arrested in Bangladesh in anti-terror crackdown

More than 5,300 criminal suspects, including 85 militants, have been arrested in Bangladesh as part of an intensified crackdown on Islamists to halt a wave of brutal attacks on minorities and......

I-T dept notifies ITR forms 1, 4 for AY 2025-26

The income tax department has notified ITR forms 1 and 4 for assessment year (AY) 2025-26 that are to be filed by individuals and entities with total income of up to Rs 50 lakh a year.......

Handbags, wrist watches, other luxury items above Rs 10 lakh to attract 1% TCS

Handbags, wrist watches, footwear and sportswear, priced above Rs 10 lakh will now attract 1 per cent Tax Collected at Source (TCS), as per a notification issued by the Income Tax department.......

Startups face I-T department heat over funding through Singapore

The income-tax (I-T) department has issued showcause notices under Section 68 of the Income-Tax Act to several startups over funds routed through Singapore, seeking explanations for investments......

Shares given as gift may escape capital gains tax

If shares are transferred as a gift, there may not be capital gains tax on them, provided a recent Bombay high court ruling sets a precedent. Illustration: Dominic Xavier/Rediff.com In a case......

IT firms' work for int'l clients may not always attract IGST

Services provided by Indian information-technology (IT), marketing, and consulting companies to foreign clients may not always draw integrated goods and services tax (IGST) if a ruling by the......

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GUJARAT, HIMACHAL GO TO POLLS

The Bharatiya Janata Party was on Thursday poised for a landslide victory in Gujarat to retain...
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