Monday, September 14
A second cloudburst was reported on Tuesday in Sukhi Top near Dharali, according to the Uttarkashi district administration.(More to come)
As much as Rs 705 crore in taxes was paid for income from Virtual Digital Assets (VDA) transactions during FY23 and FY24, Parliament was informed on Tuesday. Besides, Rs 630 crore worth of undisclosed income was detected by the I-T department during search and survey operations. In a written reply to a question in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said CBDT has recently launched NUDGE (Non-Intrusive Usage of Data to Guide and Enable) taxpayers campaign under which 44,057 emails and messages have been sent to select taxpayers who had invested and traded in the VDAs but did not report the transactions in Schedule VDA of their Income Tax Returns (ITRs). The tax on income from transfer of Virtual Digital Assets (VDA), as per section 115BBH of the Income Tax Act, 1
The BSE SME platform has crossed the milestone of 600 listed companies, marking a steady expansion in India’s small and medium enterprise segment. Since its launch, the platform has helped companies raise Rs 10,652 crore, with their combined market capitalisation touching Rs 1,84,574 crore. Over the years, the platform has demonstrated consistent growth — not just in the number of listings, but also in the scale and success of the issues.Between January 2023 and now, the average issue size for SME IPOs has surged to Rs 32 crore, nearly tripling from the earlier average of Rs 11 crore recorded between March 13, 2012, and December 31, 2022. In terms of total funds raised, the recent period has seen Rs 6,109 crore mobilised, compared to Rs 4,544 crore during the earlier span.A significant
