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Taxpayers Reveal ₹29,000 Cr in Foreign Assets, ₹1,089 Cr in Overseas Income
The CBDT launched a compliance and awareness drive to get taxpayers voluntarily declare their overseas assets and incomes. Conducted by the Income Tax Department, this drive used a data-led and non-obtrusive approach and saw a 45.17% growth in voluntary declarations for AY 2024-25 from the previous year.
Apple Addresses iPhone Bug That Links 'Racist' to Donald Trump's Name in Voice-to-Text|
In an email statement, Apple confirmed the issue and ensured that a solution is underway. The problem made headlines after several social media users posted videos of the anomaly.
India’s Net Direct Tax Collection Rises 15% to Surpass ₹17.78 Lakh Crore in 2024-25
The gross direct tax revenue also saw a significant rise, growing by 19.06% to surpass ₹21.88 lakh crore, up from ₹18.38 lakh crore in the corresponding period of 2023-24.
Net Direct Tax Collections Rise 16% to Rs 16.90 Lakh Crore in FY25 So Far
Gross direct tax collections before refunds jumped 19.94% to Rs 20.64 crore during the period compared with the corresponding figure of Rs 17.21 lakh crore in the same period of the previous year.
Centre Approves PAN 2.0 Project Worth Rs 1,435 Crore to Overhaul Taxpayer System
It allows for ease of access and speedy service delivery with improved quality; a single source of truth and data consistency; eco-friendly processes and cost optimisation; and security and optimisation of infrastructure for greater agility.
Tax Refunds Exceed Rs 2 Lakh Crore in FY25
The government data said the direct tax collection in the current financial year, from April 1 till September 17, stood at Rs 9.95 lakh crore with a rise of 16.12% as compared to the same period last year.
PM Modi: Policy Reforms and Angel Tax Removal to Boost Fintech Sector
Addressing the Global Fintech Fest-2024, co-organized by the Payments Council of India, the National Payments Corporation of India, and the Fintech Convergence Council, Modi hailed the fintech companies as facilitators of democratic financial services. He said the sector had seen investments worth $31 billion over the last decade and has so far achieved an in-depth reduction in shadow economy.
Apple Set to Exceed $400 Billion in Global Revenue for the First Time in 2024: New Report
Hardware sales for Apple should grow 3% this year after revenue declined in 2023. Growth is expected to be supported by strong performances across all key hardware categories of the iPhone, iPad, Mac, Watch, and AirPods; the latter is where the fastest growth is expected.
Tata Group Prepares to Launch New iPhone Assembly Plant, Enhancing Apple's Presence in India
Situated in Hosur, Tamil Nadu, the new facility will become intrinsic to Tata's iPhone manufacturing. This facility is likely to generate employment for more than 50,000 people, and a vast majority of those will be women.
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