May 23, 2021

There’s a whole lot of noise within the market, so standing out will place you for fulfillment.

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A brand new “taxpayer pleasant” revenue tax submitting web site shall be launched on June 7 because the Central Board of Direct Taxes on Thursday mentioned the present one shall be phased out after a ‘blackout interval’ of six days starting subsequent month.


The board, that frames coverage for the Earnings Tax Division, has urged taxpayers “to finish all their pressing duties involving any submission, add or downloads earlier than June 1 to keep away from any problem throughout the blackout interval (June 1-6)”.


An order issued by the methods directorate of the division on Wednesday mentioned the “transition” from the outdated portal — www.incometaxindiaefiling.gov.in — to the brand new –www.incometaxgov.in — shall be accomplished and made operational from June 7.





“In preparation of this launch and for migration actions, the present portal of



Slackening financial momentum pushed by the second wave of Covid-19 infections in India has emerged as a priority with bruised sentiment, excessive healthcare prices and gasoline bills prone to restrict discretionary purchases within the quick time period, ranking company ICRA has mentioned.


As well as, contact-intensive providers can count on cutback in spending, mentioned Chief Economist Aditi Nayar.



As anticipated, the shrunken base of nationwide lockdown in April 2020 boosted the tempo of year-on-year growth of a number of high-frequency indicators in April this 12 months, leading to a widespread enchancment in comparison with the efficiency in March.


“Nonetheless, the optimism generated by this pattern is proscribed as 8 of the 13 non-financial indicators final month remained under their pre-Covid ranges,” she mentioned.


Furthermore, indicators resembling GST e-way payments, electrical energy technology, car registrations and rail



Elon Musk is once more tweeting about expertise and cryptocurrencies, and this time he’s clear on the place his help is at.


In a thread began began by Musk himself evaluating magic to expertise the place somebody requested what he thought of individuals “who’re indignant at you due to crypto,” the Tesla Inc. CEO tweeted that the “true battle is between fiat & crypto. On steadiness, I help the latter.”



Bitcoin rose after Musk’s submit to commerce at round $38,150 as of 12:27 p.m. London time.


Musk has made comparable feedback earlier than, together with in December when he tweeted that “Bitcoin is nearly as bs as fiat cash.” In February, he elaborated