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Business

ITR filing FY 2024-25: ITR-6 excel utility for AY 2025-26 released by Income Tax Department — here’s what taxpayers should know

ITR-6 is relevant to corporations apart from these claiming exemption beneath Section 11. The Income Tax Department has released the Excel utility for Income Tax Return (ITR) Form 6 for the evaluation yr 2025-26, enabling eligible corporations to file their returns for the monetary yr 2024-25.“Kind Attention Taxpayers! Excel Utility of ITR-6 for AY 2025-26

Business

India buys 2 million bpd Russian oil in August

India’s buy of Russian oil has risen to 2 million barrels per day (bpd) in August, as refiners proceed to prioritise financial concerns in their sourcing choices. As a lot as 38% out of an estimated 5.2 million barrels per day of crude oil imported in the primary half of August got here from Russia,

Business

‘We must achieve energy independence’: PM Modi unveils major push for nuclear, offshore oil; aims to cut imports

Prime Minister Narendra Modi on Friday outlined an formidable roadmap to drastically cut India’s reliance on imported oil and gasoline, asserting speedy enlargement in nuclear energy, deep-sea oil exploration, and different clear energy initiatives. Speaking from the ramparts of the Red Fort on the nation’s 79th Independence Day, he mentioned energy self-reliance is essential for

Business

U.S. has no alternative to India in diamonds, say industry leaders

A employee in one of many oldest and largest diamond sharpening models of Surat checking its dazzle. File | Photo Credit: Vijay Soneji   Already grappling with job losses and a slowdown in orders, Gujarat’s diamond sector has been dealt one other setback because the United States, its largest export vacation spot, raised import duties

Business

Group of ministers on GST to meet next week

NEW DELHI: Amid discussions for discount of GST for a lot of merchandise, a gaggle of ministers from states, headed by Bihar deputy CM Samrat Chaudhary, will meet next week. Several members of GoM, particularly these from the Opposition, had advised sustaining establishment on slabs and charges, citing attainable adversarial influence on income, however govt

Business

India ‘fully engaged’ with U.S. on trade deal, says Commerce Secretary

Commerce Secretary Sunil Barthwal. File | Photo Credit: PTI India continues to be “fully engaged” with the U.S. on a Bilateral Trade Agreement, Commerce Secretary Sunil Barthwal mentioned on Thursday, nonetheless including that the date for the subsequent spherical of negotiations has not but been determined. He reiterated the deadline for the deal as fall

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