tax collected at source

Neighbouring Andhra Pradesh has an even more layered structure, according to data from the Petroleum Planning & Analysis Cell

Excise Dept Begins Fuel Sales Audit To Tighten VAT Collection

Elon Musk's xAI reportedly promised employees $420 for submitting personal US tax returns to train its AI, Grok. However, payments are delayed by two months, raising concerns about data handling and compensation commitments. This initiative aimed to enhance Grok's financial capabilities, but internal disruptions may be the cause of the hold-up.

Kolkata civic authorities have launched a probe into the legality of properties owned by Trinamool leader Abhishek Banerjee and associates, pasting notices on several buildings, including 'Shantiniketan'. The move, which could lead to demolition if violations are found, has prompted the Banerjee family to prepare for a legal battle, terming it 'vendetta politics'.

Hardik Gajjar's 'Krishnavataram Part 1: The Heart' is captivating audiences, presenting Lord Krishna's epic saga through Satyabhama's eyes. The film, starring Siddharth Gupta, has garnered significant box office success, earning over Rs 20 crore net in India. Inspired by Raam Mori's novel, it explores Krishna's relationships and was recently made tax-free in Uttar Pradesh. Read on to know more in detail.

Traders flag confusion, supply gaps and margin pressure

Former India captain MS Dhoni has been revealed as the highest individual taxpayer from Jharkhand and Bihar combined for the 2025-26 financial year. The Principal Chief Commissioner of Income Tax confirmed Dhoni's top position, though the exact tax amount remains undisclosed. This achievement highlights Dhoni's significant financial contribution to the region.

Facing a widening trade deficit, India's Prime Minister urges reduced gold purchases. Industry bodies propose tapping into the nation's vast household gold reserves. Their plan involves using refined household gold for domestic demand and channeling imported gold into jewellery exports via gold metal loans, aiming to boost working capital and cut imports.

This summer, the Urban Development and Housing Department is prioritizing the assurance of seamless water access and improved sanitation in Jharkhand's urban areas. Local governments are called to action to expand piped water systems, mend hand pumps, and strengthen waste management strategies, particularly door-to-door collection and proper segregation of waste.

India's economy has faced significant challenges from global oil price surges over the past fifty years. From the 1973 Arab embargo to the recent Hormuz disruption, these shocks have impacted inflation and foreign exchange reserves. Policymakers have continuously adapted strategies to manage these crises, balancing economic stability with consumer needs.

Fuel prices have increased across India. Petrol and diesel rates have gone up by Rs 3 per litre. Opposition parties are criticising the Modi government. They state that elections are over and price recovery has begun. This hike comes amid global energy price surges. India had previously absorbed these pressures. State-owned oil companies are now adjusting prices.

Actor Adam Mondschein voiced strong support for filmmaker Justin Baldoni after Blake Lively's lawsuit settlement regarding 'It Ends With Us'. Mondschein criticized Lively's actions, stating she hurt his friend Baldoni. He praised Baldoni and Wayfarer Studios for their commitment to meaningful storytelling and expressed sympathy for the public burden Baldoni faced.

Scotland stands on the brink of a financial crisis, yet election rhetoric largely sidesteps the approaching budget difficulties. Analysts predict that challenging times lie ahead due to the relentless growth of public spending that outpaces revenue streams. This dilemma is intensified by mounting pressures for higher public sector salaries and the skyrocketing costs in health and social services.

Indian summer vacation plans to exotic locales are facing a significant setback. A combination of the West Asia conflict and a depreciating rupee has inflated overseas tour package costs by approximately 20%. This surge, coupled with geopolitical instability, has led to a sharp decline in international travel demand, particularly to the Gulf and Europe, impacting the peak summer season.

Bihar and Jharkhand’s Income Tax department is rolling out an innovative outreach initiative to demystify the new Income Tax Act, 2025, while rejuvenating tax collections that saw a decline last year. Aiming to foster understanding and streamline compliance, the program will target the region's expansive pool of seven crore PAN holders, which includes a large workforce and burgeoning entrepreneurial sectors.