The Income Tax department has added new features in 26AS Form to help taxpayers in filing returns. The new features include information on high value financial transactions of assessees such as credit card payments, purchase of shares, debentures and mutual funds, cash payment for goods and services. The new variant of 26AS Form will have taxpayers’ details as specified statements of financial transactions (SFTs) in various categories. This Form is an annual consolidated tax statement that one can access from the income-tax department’s website using permanent account number (PAN).…

Gold prices on Saturday fell to Rs 48,900 from Rs 49,150 per 10 gram, while silver climbed to Rs 53,810 from Rs 52,800 per kilogram, according to Good Returns website. Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges. In New Delhi, the price of 22-carat gold rose to Rs 47,700 per 10 gram, and in Chennai to Rs 46,850. In Mumbai, the rate was Rs 47,450, according to the Good Returns website. The price of 24-carat gold prices…

July 17, 2020 5 min readOpinions expressed by Entrepreneur contributors are their own. Right now, it seems like businesses right and left are starting podcasts, many as a way to help counteract slower-than-normal sales. As of July 2020, there are more than a million podcasts and more than 29 million episodes available for listening, according to Podcast Hosting. That’s a lot of airtime with audiences that are, in general, relatively affluent and well-educated. Maybe you’ve decided it’s time you get a piece of that pie. As you’re searching for just the right microphone, though, there are 10 “commandments” that…

The Income-Tax Appellate Tribunal (ITAT) has ruled that Mauritius-based HSBC Bank will not have to pay tax on the interest income of Rs 1,498 crore it earned from India, handing a setback to the income-tax department which wanted the earning taxed. It said the foreign entity was the beneficial owner of the interest income earned during the assessment year 2015-16. The ruling assumes significance as it sheds light on the issue of beneficial ownership of interest income under the India-Mauritius tax treaty. The Mumbai bench of ITAT, in a July 8 order,…

The benchmark Sensex closed above 37,000 points, while the Nifty 50 Index topped 10,900 for the first time in over four months. The indices advanced for a third day, extending a weekly gain on early signs of a revival in the economic growth, coupled with favourable earnings reports. The S&P BSE Sensex climbed 1.5 per cent to close at 37,020.14- most since March 6. The index rose more than 1 per cent for the week – logging its fifth weekly gain. It also breached the 200-day moving average (DMA), a technical…

Join Rachel Sheppard, Director of Global Marketing for Founder Institute, as she discusses how new businesses and startups can start building a marketing strategy.Free Book Preview No BS Guide to Direct Response Social Media Marketing The ultimate guide to – producing measurable, monetizable results with social media marketing. July 16, 2020 2 min readOpinions expressed by Entrepreneur contributors are their own. Got an amazing new business or product and need to start connecting with potential consumers? Join us for our live webinar with Rachel Sheppard, Director of global marketing for Founder Institute, the world’s largest pre-seed accelerator, as…

During the COVID-19 lockdown, married couples have unexpectedly found themselves becoming office mates. Working from home has its charms, but conducting too many Zoom meetings in spare bedrooms can test the work–life balance of any couple. The inevitable interpersonal tension has caused attorneys to predict a surge in divorce cases; media reports in China already point to spikes in the divorce rate in the regions hit hardest by the virus. It stands to reason that CEOs will not be immune from the uptick in divorce proceedings: Given their overarching responsibility for corporate strategy, CEOs face even more pressure than usual…

Equity benchmark Sensex rallied 420 points on Thursday, led by stellar gains in IT major Infosys, even as global markets faced selling pressure amid spiking coronavirus cases. After a choppy start, the 30-share BSE Sensex gained momentum towards the end of the session. It finally closed 419.87 points, or 1.16 per cent, higher at 36,471.68. Similarly, the NSE Nifty surged 121.75 points, or 1.15 per cent, to end at 10,739.95. Infosys was the top performer in the Sensex pack, rallying 9.56 per cent, a day after the IT major posted a stronger-than-expected 12.4 per cent rise…