Sunday, September 20
The report of the parliamentary panel on the new Income-Tax Bill was presented in Lok Sabha on Monday. In its report, the panel has suggested important changes to tighten definitions, remove ambiguities, and align the new law with existing frameworks.The panel examined the Income-tax Bill 2025, which seeks to simplify language and structure of the Income Tax Act 1961 and submitted its reportThe Income-Tax Bill, 2025, was tabled in Parliament in February and was referred to the Select Committee for a detailed examination.The Committee in its 4,584 page report, identified several drafting corrections based on stakeholder suggestions, which they believe are essential for clarity and unambiguous interpretation of the new bill. The parliamentary panel has made a total of 566 suggestions/recomme
Shares of billionaire Mukesh Ambani-led conglomerate Reliance Industries (RIL) fell 2.7% to Rs 1,436.85 on BSE in Monday's trade despite reporting its highest-ever profit and EBITDA in Q1 results announced on Friday. The Rs 30,783 crore profit was significantly boosted by the sale of Asian Paints stake, worth Rs 8,924 crore, and lower-than-expected interest expenses and taxes. Multiple brokerages said the numbers missed estimates across key business segments.Jefferies delivered a blunt assessment stating that consolidated EBITDA was 3% below their estimates, with O2C and Retail segments falling 5% and 4% below expectations, respectively. The global brokerage maintained its Buy rating with a target price of Rs 1,726 but highlighted that core Retail grew only 8% year-on-year as electronics s
