ITR filing: In the fiscal year 2024-25, the number of individuals filing income tax returns (ITRs) with income exceeding Rs 1 crore has seen a significant rise, increasing by 43% from previous figures. The total count of ITR filers has grown to over 9.05 crore, marking a 6.8% increase compared to the previous fiscal year. … Read more
The middle class swooned with delight at the tax cuts in the budget, but the stock markets barely moved. Why so? Because finance minister Nirmala Sitharaman‘s speech about a bright future was silent on the sharp, continuing fall of Indian stock markets and the rupee ever since it became clear that Donald Trump was going … Read more
New Delhi: The government’s total expenditure in the current fiscal may remain around the budgeted ₹48.2 lakh crore, despite supplementary demands for grants that will be placed for parliamentary approval in the next session, starting November 25, a senior official said. This will help the Centre meet the 2024-25 fiscal deficit goal of 4.9% of … Read more