Business
ITR filing FY 2024-25: Has due date for Income Tax Returns been extended beyond September 16? What taxpayers should know
ITR filing FY 2024-25 due date: The Income Tax Department does not seem to have extended the ITR filing deadline for Assessment Year 2025-26, meaning returns filed after September 16 will be considered belated. While the initial deadline was extended to September 16 due to portal issues, no further extensions have been granted despite ongoing…
Top 25 Nifty50 stocks: Eternal overtakes Tata Motors and Titan in market cap; nears HAL and NTPC
Eternal, formerly Zomato, has surpassed Tata Motors and Titan in market capitalization, reaching Rs 3.13 lakh crore and entering the top 25 Nifty50 firms. Driven by Blinkit’s strong revenue momentum, Eternal’s stock has gained 72% from its 52-week low. While Q1 saw a profit decline, investor confidence remains high, propelling the stock’s rise by 1.19%…
GST reforms: No input tax credit on commission for individual health, life insurance policies from Sep 22; insurers to bear cost
Starting September 22, insurers can’t claim input tax credit (ITC) on GST paid for commissions on individual health and life policies, as clarified by CBIC. This aligns with the new GST structure exempting individual policy premiums. Service providers in other sectors with 5% GST without ITC will also face similar ITC reversal requirements, impacting their…
Paints consolidation: JSW Paints gets CCI nod for Rs 12,915 crore Akzo Nobel India deal; to become fourth-largest player
The Competition Commission of India (CCI) has approved JSW Paints’ acquisition of a 74.76% stake in Akzo Nobel India for ₹12,915 crore. This deal will position JSW Paints as the fourth-largest player in the Indian paint industry. Additionally, CCI cleared Triumph Composites and Quartz Fibre’s acquisition of Owens-Corning (India), covering specific glass fibre products.