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Worldline names Srikanth Seshadri as CFO amid strategic overhaul

Worldline has appointed Srikanth Seshadri as CFO, effective September 8, replacing Gregory Lambertie. Seshadri brings over 20 years of global finance experience from Alstom, with expertise in strategy, M&A, and turnaround execution. His appointment comes amid regulatory scrutiny and forms…

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Electronics makers shop for cos to tap western clients

Companies like Kaynes, Dixon Technologies, Syrma SGS, Cyient, and Amber are actively acquiring and partnering with companies to access new technologies and tap into the global market.

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Income Tax Department enables online filing of ITR-3 form

The Income Tax Department on Wednesday informed that it has enabled online filing of income tax return (ITR) form number 3 (ITR-3). Taxpayers who have business income, income from share trading (such as futures and options), or even investments in…

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Microsoft in advanced talks for continued access to OpenAI tech: Report

The companies have discussed new terms that would allow Microsoft to use OpenAI’s latest models and technology even if the ChatGPT maker declares it has achieved artificial general intelligence (AGI), or AI that surpasses human intelligence, the report said.

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India needs a Top 20 audit firm ecosystem, not just a Desi Big Four, says Baker Tilly ASA’s Ajay Sethi

India’s audit ecosystem remains tilted in favour of the Big Four, warns Baker Tilly ASA’s Ajay Sethi, citing exclusionary tenders, restrictive private equity clauses, ambiguous joint audit rules, and weak enforcement of the ICAI guidelines. Sethi said that instead of…

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Uber loses UK Supreme Court appeal over tax on rival apps

Uber’s attempt to impose VAT on rival taxi operators failed. The Supreme Court dismissed Uber’s appeal. This decision means private hire operators outside London will not face a 20% VAT charge on profit margins. Delta Taxis hailed the ruling as…

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News

  • 8th pay commission news: What is a central govt employee's salary structure, and how does ToR impact it? Explained.

    8th pay commission news update: We explain what a central government employee's salary structure is, and how the terms of reference (ToR) can impact it…

  • Substance over form: If tax authorities can invoke it, why can’t the common taxpayer?

    When it comes to the taxpayer—who may miss a form, a checkbox, or falter on minor procedural compliance—the tax authorities often rigidly insist on ‘form over substance’.

  • Revised New Income Tax Bill 2025: What are the changes suggested by Select Committee? Explained in 10 points

    The revised New Income Tax Bill, 2025, will be introduced in the Parliament on August 11, sources said. The 31-member Select Committee had made a number of recommendations and suggestions to the original Bill.

  • ITR Filing 2025: How tax rules differ for freelancers and salaried individuals

    ITR Filing 2025: Freelancers face unique tax challenges compared to salaried employees, including differing income classifications and deduction eligibility. Here's everything you should know 

  • Filing ITR for 1st time? Don’t miss this detailed guide from the Income Tax Dept

    ITR Filing: First-time taxpayers can follow a step-by-step guide from the Income Tax Department for filing income tax returns. Key steps include registering on the IT portal, collecting documents, selecting the correct ITR form, and ensuring e-verification. 

  • 8th Pay Commission: What does Terms of Reference mean, why does it matter for salaried individuals – Know here

    8th Pay Commission: The Terms of Reference are essential for the commission to operate effectively, impacting salaries for around 50 lakh employees and 65 lakh pensioners after revisions.

  • Income Tax Filing: ITR-5 excel form now live – Who should opt for it? Details here

    The income tax department has activated ITR-5 for online filing, applicable to firms, LLPs, AOPs, and BOIs. 

  • ITR Filing: 'Trading profit is ₹21,000, but taxable gain ₹1 lakh - How’s this Possible?' Reddit post sparks debate

    In a viral Reddit post, a user claimed his taxable gain was five times his actual profit. The huge gap between what he truly earned and the profit the tax department will consider to calculate income tax left him stunned. Could this really happen? Here’s the explanation.

  • Filed ITR? Your income tax refund email could be a scam, I-T Department reveals FAKE ID | Here's what you should do

    The Income Tax department warned that emails from sender donotreply@incometaxindiafilling.gov.in are fake and asked taxpayers to not open any links sent from this fake ID to avoid getting scammed.

  • Best mutual funds: These small-cap funds delivered over 30% annualised returns in past 5 years. Check list

    Best mutual funds: Small-cap mutual funds refer to the schemes which have over 65 per cent exposure to small-cap stocks

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