A parliamentary panel has suggested key changes to the Income-Tax Bill 2025, focusing on clarity and alignment with existing laws. The recommendations include easing refund rules for small taxpayers, modifying property deduction calculations, and clarifying definitions for non-profits. These changes…
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Avenue Supermarts experiences a revenue increase of 16% in Q1 FY26. The DMart retail chain now has 424 stores. DMart’s online grocery unit saw sales expand by 21% in FY25. However, losses widened as it ventured into new areas. Anshul…
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A Crisil report on Monday projected India’s gross domestic product (GDP) to grow at 6.5 per cent this fiscal (FY26), supported by improving domestic consumption, among other positive indicators.
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India is considering backing Chinese investments in the electronics sector. This support hinges on joint ventures with Indian firms. Technology transfer is a key requirement, not just assembly units. The move aims to boost local manufacturing and value addition.
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India faces the critical challenge of leveraging its demographic advantage to achieve economic prosperity. The government’s employment incentives are insufficient to address the core issue: a lack of skilled workers. Addressing the skills gap through education reform, vocational training, and…
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In a rare alignment with ICAI despite past rifts over SA 600 and SQM, NFRA has recommended to the Lok Sabha Panel that only CAs be authorised for tax audits under the proposed Income-Tax Bill, 2025, citing audit training gaps…
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