JJ TAX
Indian dealers offer steeper discounts as price rally dulls demand
Gold discounts in India have surged to a one-month high due to near-record domestic prices dampening demand. Dealers are offering discounts up to $56 an ounce. High prices and the monsoon season have led jewelers to avoid building inventory. Meanwhile, China sees lower trading volumes due to elevated prices, while other Asian hubs experience varied premiums and profit-taking.
NRIs to pay lower LTCG tax on these equity shares due to proposed forex fluctuation benefit in New Income Tax Bill 2025
The New Income Tax Bill, 2025 introduces a 'forex fluctuation benefit' that allows NRIs (excluding FIIs) to potentially pay lower long-term capital gains tax on unlisted equity shares. This provision addresses the issue of NRIs being taxed on artificially inflated income due to rupee depreciation. Read more to know how this helps.
No alimony for wife as husband proved her extra marital affair and got divorced on grounds of adultery in Chhattisgarh High Court case
Divorce without alimony: The High Court ruled that a wife divorced on grounds of adultery is ineligible for alimony/maintenance under Section 125. This decision upheld a family court's divorce decree, which was granted after the husband legally proved his wife's affair with his younger brother. The wife's lawyer said: "There is fine line difference between the phrases i.e. 'Living in Adultery' and 'Once lived in Adultery'." Know more.
FD rate up to 9.1% for senior citizens investing for 5 years; Know the list of banks
Certain banks are providing high fixed deposit interest rates for senior citizens. Suryoday Small Finance Bank offers 9.1% interest. Unity Small Finance Bank provides 8.65%. NorthEast Small Finance Bank gives 8.5%. Utkarsh Small Finance Bank offers 8.25%. Jana Small Finance Bank provides 8.2%. Read below to know how senior citizens can prevent TDS deduction on FD interest.
Digital platform JJ Tax rebrands as Uniqey, to offer new business solutions
JJ Tax, a digital tax platform, has rebranded itself as Uniqey, evolving into a comprehensive platform offering taxation, compliance, legal, and accounting services. The platform, boasting over 1.5 million users, aims to simplify financial processes for Indian startups and SMEs. Uniqey has also launched an upgraded app with enhanced functionalities, reflecting a significant revenue increase since its inception.
Tech stocks keep Wall St afloat after China raises tariffs on US goods
Wall Street's main indexes rose at the open on Wednesday after China announced more levies on U.S. goods, retaliating to President Donald Trump's reciprocal tariffs that took effect earlier in the day.
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Will new income tax bill increase tax burden? What taxpayers can expect from it?
New income tax bill 2025: Many taxpayers are awaiting the draft of the new income tax bill 2025. The government has said the new income tax bill is being brought to simplify the changes and reduce the litigation. However, should the taxpayers be worried about changes in the income tax slabs and tax rates?
The Talc tragedy: Inside the Johnson & Johnson lawsuit saga
Darlene, mother of Eron Evans who died of ovarian cancer, accuses Johnson & Johnson's Baby Powder. Pursuing lawsuit, she faces a July deadline to vote on J&J's bankruptcy maneuver. Tens of thousands of claimants must decide on a settlement proposal amid legal battles and allegations of unfair tactics by J&J.
Anand Mahindra left surprised at price of 1972 Ambassador car, says ‘I Can Hardly Believe’
Following Anand Mahindra's tweet, many online shared their own accounts of the Ambassador while others on social media expressed alarm over the declining worth of the money.
G7 global tax plan may hit corporate titans unevenly
Finance ministers from the Group of Seven leading nations on Saturday agreed on proposals aimed at ensuring that companies pay tax in each country in which they operate rather than shifting profits to low-tax havens elsewhere.
India's March gold imports surge 471% to a record 160 tonnes: Government source
Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices, which have corrected nearly 17% from an all-time high of $2,072 in August 2020.
JJ Tax app sees surge in subscribers, gets commitment for funding
The company is also gearing up for the launch of an app for students, named JoJo – a one-stop solution for education of Commerce, Accounts, Tax and related subjects, with quiz and chat options.
Confused about filing ITR, GST? Connect with a tax expert through this app
Filing income tax returns, GST, and TDS can be daunting for many, particularly the Gen Y and Z. Bringing a user-friendly platform to address tax-related queries, two aspiring CAs have developed a chat-based application run by tax experts.
Munch on it: GST ruling puts popcorn in 18% tax bracket
The AAR held that JJ’s Popcorn fitted the description of ‘Prepared foods obtained by the roasting of cereal’.
Bombay High Court directs Choksi's lawyers to submit his health report
The court has adjourned the case to July 10.
Property tax in South Delhi may be in for a 33% hike
The biggest changes have been proposed in unit area values and use factor. The age factor, occupancy and structure factors have remained unchanged.
J&J distributor found guilty of profiteering after GST rate cut
It was found that the base price of the baby shampoo was increased from Rs 57.24 to Rs 62.10 a piece following the November 15 rate cut.
GST: Sanitary napkins to be 1.5-2.5 per cent cheaper, not 12 per cent
Industry sources said companies are working on the new prices, which would come into effect once the GST notification is issued.
In search of Nirav Modi's assets, taxman finds 170 jewels
The whereabouts of Modi and his uncle Mehul Choksi are not known to the government agencies who are investigating the huge fraud that could exceed Rs 13,000 crore.
Johnson & Johnson to buy back shares up to $10 billion
The company said on Tuesday it had about 2.77 billion shares of common stock outstanding as of Sept. 27.
AAP government 'giving bogus order', slums still being demolished: BJP
"The government is giving bogus orders. JJ clusters are still being demolished and contractual workers are still being removed."
Gold trades flat on MCX ahead of Fed meet
While paper gold traders are focusing on intraday bets, demand from jewellery buyers is seeing a gradual pick up.
Government planning massive campaign to make Delhi tobacco free
Chief Secretary SK Srivastava today convened a meeting of state-level coordination committee for tobacco control at Delhi Secretariat and issued instructions.
Spot buying of gold & silver picks up in Indian markets
Tracking overseas spot prices, gold and silver closed down 3.1% and 5.4% respectively in Mumbai. The fall boosted wedding season purchases.
CBI arrests Everonn Education MD P Kishore on charges of bribing I-T official
The CBI arrested P Kishore, managing director of Chennai-based tech-based education provider Everonn Education, on charges of bribing an Income Tax official with Rs 50 lakh.
Hasan Ali undergoes medical check up
Pune-based stud farm owner Hasan Ali Khan, accused of massive money laundering and tax evasion was today taken to the JJ hospital for a routine medical check-up after his arrest here.
J&J shows door to 80 execs; most jobs cut at mid-management level
Johnson & Johnson has laid off up to 80 mid-to-senior-level execs.
Budget: A Day to Remember
The evening of budget day was special as India Inc's top honchos listened to the budget analysis presented by The Economic Times and PricewaterhouseCoopers (PwC).
Service sector cos to get tax incentives for job creation
Employment generating companies in the service sector are likely to get a boost in the forthcoming Budget in the form of tax incentives. This can be through a tax benefit, which will be in proportion to the number of new jobs created by companies.
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