No penal interest on TDS for crypto investors who failed to file the TDS return by May 31, 2023: CBDT
Virtual digital assets tax: Purchaser of virtual digital assets (VDA) like Bitcoin (BTC), Ethereum (ETH), Solana (Sol), Algorand (Algo), Shiba Inu (SHIB) etc should deduct TDS before making payment to any resident. Such TDS deducted must be reported using form 26QE within a specified deadline. Failure to report it will attract penalties. Key Points
Economic TimesLok Sabha Elections 2024: How to change your address on voter ID card online
Lok Sabha elections are scheduled to take place this year. It is likely that the government will hold 2024 Lok Sabha elections in the months of April or May. So, as the 2024 Lok Sabha Elections approach, it is important to get your Election Commission ID card in place. Election Commission ID card or Voter ID card is one of the most important documents to cast your vote. The Election Commission of India allows citizens to do certain tasks online. These include updation of residence address on the voter ID card. If you've recently changed your residence or moved to a new city, you can easily modify your address on the voter ID card by filling out 'Form 8' on the National Voter's Service portal website at https://voters.eci.gov.in/.Important Note: Citizens need to remember that it's illegal to hold more than one voter ID card. Enrolling for vote from more than one place is considered an offense and is punishable by law. Key Points
Times of India10 documents required to file income tax returns by individual
Many employers have started handing out form 16 to their employees. With this, many employees can start the process of filing ITR. However, apart from salary income, an individual can have other types of income as well. Here is the list documents that they should collect to make the tax return filing process easier. Key Points
Economic TimesU.S.FDA observation for Dr. Reddy’s unit
Dr. Reddy’s Laboratories has been issued a form 483 with one observation by the United States Food and Drug Administration following an inspection of the company’s active pharmaceutical ingredient (API) manufacturing facility in Bollaram, Hyderabad. Key Points
The HinduHigher EPS pension: How much do you have to pay to get it? New EPFO circular clarifies method
Higher EPS pension: As per the circular, once the joint application form is submitted, the EPFO field offices will be examined by the EPFO field offices. Once the requirements are complete and the wage details submitted by the employers, then it will be verified with the data available with the EPFO. Key Points
Economic Times
Non-resident taxpayers without PAN can file form 10F manually till September 30
This will bring some relief to the difficulties faced by non-residents in claiming benefits of the tax treaty as well as to the resident taxpayers while undertaking foreign remittances. Non-resident taxpayers have to furnish additional documents and information in form 10F if certain prescribed details are not available in the Tax Residency Certificate to avail tax treaty benefits at the time of withholding of tax. Key Points
Economic TimesFile ITR using form 26AS, AIS without form 16, TDS certificates to beat deadline: Here's how
TDS certificates such as form 16/Form 16A are important documents that can help an individual to file ITR easily. However, with the deadline approaching fast, an individual can use other documents such as form 26AS, and AIS to file their ITR and avoid penalty of up to Rs 5,000. Read on to know how you can file ITR using form 26AS and AIS. Key Points
Economic TimesDelays in Pakistan poll results, Imran Khan's party alleges mass rigging
PTI stated that votes of each candidate are tabulated at each polling station on the form 45. Imran Khan's party emntioned that copies of these forms have been collected by PTI candidate's polling agents, which show them winning by large majority. However, returning officers are now manipulating the results using form 47. Key Points
Economic TimesIf you submitted form 60 instead of PAN earlier, Income Tax Dept now wants you to get a PAN
Form 60 is required to be submitted in lieu of PAN if an individual does not have one but is conducting certain specific transactions like purchasing a car, etc. However income tax department will send an individual an SMS and email about updating one's PAN number to the reporting entity where form 60 was given or apply for a PAN. Key Points
Economic Timesform 10-IEA must for professionals opting for old I-T regime
If you are a business owner or professional and want to continue with the old income tax regime in the current fiscal, then you have to fill form 10-IEA. Till FY23, such individuals were required to submit form 10-IE to opt for the new tax regime. Key Points
The Tribune India
Junk email, spam: Simple step to keep your mailboxes free
Junk emails, and spam often fill mailboxes of email users. There are ways to stop these Junk emails, and spam. Key Points
Economic TimesNavratri Day 8: India invokes two forms of Goddess Durga - serene Ma Mahagauri & fearsome Ma Chamunda
Considered the eighth form of Navadurga (the nine forms of Goddess Durga), Maa Mahagauri is depicted with four hands. Seated atop a white bull, she is seen carrying a trident and a drum. Key Points
Economic TimesDragon Ball fandom goes crazy over Toyotaro's Cooler's final form illustration
Toyotaro is a manga artist who has become synonymous with the Dragon Ball franchise. His work on Dragon Ball Super has earned him a massive fan following, and his surprise illustration of Cooler's Final form has only added to his reputation as a master of illustrations. Key Points
Hindustan TimesTDS deducted in wrong FY? New income tax form to help you get it corrected Oct 1 onwards
The Central Board of Direct Taxes (CBDT) has notified a new Income tax form- form 71. This form will help taxpayers resolve their problem of TDS claim when it was deducted in a wrong financial year. One need not approach the tax deductor and request them to revise their TDS return. Income tax department will directly help now. Key Points
Economic TimesDU Admission 2023: COL begins registration for certificate courses
Candidates can either apply offline, or submit a copy of the application form filled online on col.du.ac.in along with required documents. Key Points
Hindustan Times
Budget 2024 expectations: 13 ways the FM can simplify matters for taxpayers: CII
The Interim Budget 2024, will be presented by the finance minister, Nirmala Sitharaman, on February 1, 2024. A few key steps as suggested by CII that would help to rationalise and simplify taxes are as follows. Key Points
Economic TimesNawaz Sharif, Bilawal Bhutto's parties reach new government deal in Pakistan
In a joint news conference late, PPP chief Bilawal Bhutto-Zardari announced that Pakistan Muslim League-Nawaz (PML-N) chief Shehbaz Sharif is set to assume the role of the Prime Minister once again. At the same time, PPP co-chairman Asif Zardari is slated to become the country's President again. Key Points
India TodayUIDAI ‘changes’ Aadhaar enrolment and update rules; check new rules and other details
The Unique Identification Authority of India (UIDAI) has introduced new rules for Aadhaar enrolment and updates. Simplify the process of updating demographic details in the Aadhaar system. Update information in the Central Identities Data Repository (CIDR) conveniently. Replace existing forms for Aadhaar enrolment and updating Aadhaar details. Update documents or information within ten years from the date of Aadhaar generation. Key Points
Times Of IndiaNRIs take note! New Aadhaar enrollment and updation rules for Non-Resident Indians notified; details here
India Business News: Learn about the new Aadhaar enrollment and updation rules for NRIs. Find out the eligibility criteria, required documents, and step-by-step process. Stay informed! Key Points
Times Of IndiaSania went for khula divorce, but it’s easier said than done
India News: Parting ways with her husband, Pakistan cricketer Shoaib Malik, tennis star Sania Mirza opted for ‘khula’, sparking in the process a fresh conversation around this mode of dissolving marriages in the Islamic canon. Khula denotes divorce proceedings initiated by a Muslim woman and is based on her agreeing to forgo her mehr (money paid by the groom to the bride at the time of marriage) and subsequent maintenance in the form of financial aid. Read more on []. Key Points
Times Of India
Reached agreement with PML-N to form coalition government, claims Bilawal
Former Pakistan Foreign Minister Bilawal Bhutto Zardari said on Tuesday that his party had reached an agreement with the largest party in the... Key Points
The Tribune IndiaGovt restricts imports of laptop, PCs, tablets
India's Directorate General of Foreign Trade has restricted the import of laptops, tablets, all-in-one PCs, ultra small form factor computers and servers. These items will only be allowed against valid licenses specific to restricted imports. DGFT's decision to restrict imports is expected to boost local manufacturing of these goods. Key Points
Economic TimesNCL recruitment 2023: Apply for 700 Apprentice trainees posts till Aug 3
NCL invites applications for 700 apprentice posts. The deadline for submission is August 3. Key Points
Hindustan Times'AB, you're not reading the ball, just give strike to Virat': De Villiers on SKY
AB de Villiers didn't mince his words as he talked about Suryakumar Yadav's poor form. But he also gave his own example to back the MI batter. | Cricket Key Points
Hindustan TimesAre you planning to buy a foldable smartphone? Get the basics right
With the planned entry of the likes of Chinese smartphone brands such as Oppo and Tecno, and US major Google, in this segment, Samsungs stronghold of the market is under threat. But this only spells good news for consumers who will have more choice. Key Points
Economic Times
Kashmiri artist on mission to revitalize traditional folk theatre ‘Bhand Pather’
Bhand Pather is a centuries-old form of Kashmiri traditional folk theatre. It frequently takes place in public areas. According to the Guru Shishya Parampara, it is an oral tradition in which the scripts are passed down from one generation to the next. Key Points
Hindustan Timesform 26AS or AIS: Which is more important document to file ITR?
The first step in the income tax return filing process is to gather all the required documents. This include - form 16, Salary slips, form 26AS, AIS etc. It is important to note that AIS is the extension of form 16As. The question arises between form 26AS and AIS which is more important for ITR filing? Key Points
Economic TimesWhen is form 16 issued to employees by employers for ITR filing?
Form 16 is a TDS certificate issued by the employer to an employee to inform the taxes that are deducted on the salary income paid in a financial year. The TDs certificate makes it easier for an employee to file his/her income tax return. The income tax laws have provided a date by which form 16 must be issued to employee. Key Points
Economic TimesHow to avoid TDS on dividends from equity shares, mutual funds for FY 2023-24 (AY 2024-25)
If the dividends from equity shares and mutual funds exceed threshold in a financial year, then TDS is applicable on them. However, it may happen that there is no taxable income or tax payable by an individual in a particular financial year. In such a case, how can an individual avoid TDS on dividend income. Key Points
Economic TimesPPP, PML-N strike power-sharing deal in Pakistan; Shehbaz Sharif to be PM, Asif Ali Zardari President
To form a government, a party must have 133 out of 265 contested seats in 266-member National Assembly. In a breakthrough that could end the political uncertainty... Key Points
The Tribune India
MWC 2024: Motorola's bendable phone is super cool, it can be bent in any shape
Motorola is turning heads with its latest innovation — a bendable phone that's not just flexible, it's moldable! That's right. Just imagine a smartphone that you can shape into whatever form you fancy. Key Points
India TodayWho can and cannot file income tax return using ITR-1 for FY 2022-23?
Not everybody can file ITR-1 (Sahaj) especially if they have any income from capital gains or income from cryptocurrencies or virtual digital assets (VDA), multiple house property incomes. Apart from this, there are other transactions which might make someone ineligible for filing ITR-1. Read on to find more about this. Key Points
Economic TimesPakistan: PML-N, PPP strike deal on coalition government
The agreement between Bhutto Zardari's Pakistan Peoples Party (PPP) and the Pakistan Muslim League-Nawaz (PML-N) of three-time Premier Nawaz Sharif ends days of uncertainty and negotiations after the Feb. 8 elections produced a hung national assembly. Key Points
Economic TimesPakistan’s interim PM Kakar warns against ‘anarchy and disorder’ after allegations of poll rigging
Imran Khan’s PTI party has called for country-wide protests against the ‘unprecedented, massive, brazen rigging’ in General Election. While peaceful protest... Key Points
The Tribune IndiaWe respect PM's oratory talent but... he needs fresh energy: Oppn reacts to Modi's post Budget address in
The Opposition in India has criticised Prime Minister Narendra Modi for repeatedly attacking the Opposition during the Motion of Thanks on President's address. Congress MP Shashi Tharoor criticized Modi's oratory talent but argued that his recent speech was below form. Congress MP Gaurav Gogoi compared Modi's words to Mallikarjun Kharge's discussion on the work of UPA in Rajya Sabha, comparing them to Rahul Gandhi's arrogance. Key Points
Economic Times
Income Tax Returns 2023-24: CBDT notifies ITR-2 and ITR-3; key details taxpayers will have to now provide
India Business News: The Central Board of Direct Taxes (CBDT) has released the Income Tax Return (ITR) forms, ITR-2 and ITR-3, for the financial year 2023-24. Taxpayers need to be aware of the filing requirements and changes in ITR-2. ITR-3 is for entities with income from business or profession. The deadline for submission is July 31, 2024, or October 31, 2024, for taxpayers with income tax audits. Key Points
Times Of IndiaUS FDA gives second approval to Eli Lilly's drug for type of blood cancer
Eli Lilly (LLY.N) said on Friday the U.S. Food and Drug Administration (FDA) gave a second approval for its drug Jaypirca, which is used to treat a form of blood cancer. Key Points
ReutersGATE 2024: Correction window to open today, here’s how to make changes
GATE 2024 correction window to open today, November 18, 2023. Follow the steps to make changes in application form. | Competitive Exams Key Points
Hindustan TimesIndia vs Australia third ODI today: When, where and how to watch
Indian cricket squad is in splendid form as they gear up for ICC World Cup 2023. The India vs Australia 3rd ODI will be held on September 27 in Rajkot. Key Points
mintSuryakumar Yadav scores maiden IPL century in match against Gujarat Titans
Surya was in ominous form as he reached 103 runs in just 49 balls, courtesy of 11 fours and 6 sixes. His explosive innings helped Mumbai post a massive 218/5 against the defending champions. Key Points
The Indian Express