New Delhi: The government on Wednesday said that the Bharat Taxi platform has generated over Rs 35 crore in income for drivers with a modest investment of around Rs 5 crore so far, while creating employment opportunities for nearly 20,000 drivers and 200 support staff. Union Home Minister Amit Shah said that Bharat Taxi, India’s…
India’s cooperative movement has entered the mobility sector with the launch of Bharat Taxi , a ride-hailing platform that promises a guaranteed base rate for drivers and an ownership model inspired by Amul . Addressing cab and auto drivers at a town hall, Union Cooperation Minister Amit Shah said the platform would not allow drivers…
In the Union Budget 2026, the Section 87A tax rebate, given in Income Tax,remain unchanged, disappointing taxpayers who had hoped for an increase to boost consumption and ease the burden on middle-income individuals. Thus, like for FY 2025-26, under the new tax regime, resident individuals with net taxable income up to Rs 12 lakh can…
The standard deduction limit varies depending on the tax regime that salaried taxpayers opt for. (AI image) Budget 2026 income tax expectations: Standard deduction is seen as a much needed relief for taxpayers – it’s a simple, straightforward deduction from your gross income – a fixed amount that allows salaried taxpayers and pensioners to reduce…
US President Donald Trump said the United States should set its military budget for 2027 at $1.5 trillion instead of $1 trillion, arguing that the higher allocation is necessary to build what he called a “Dream Military” capable of deterring any adversary and keeping the country safe.Trump made the announcement in a post on Truth…
The income tax notices suggest that the assessment of income tax returns and the release of refunds have been paused for these categories of taxpayers. (AI image) Income Tax alert! The Income Tax Department is sending emails and SMSes to taxpayers, just ahead of the year-end, alerting them of mismatches in their deduction and exemption…
‘Bharat Taxi’ scheme to boost cabbies’ income: Amit Shah | Hindustan Times Hindustan Times Source link
A new cooperative-based cab service, ‘Bharat Taxi’ under the aegis of the Union ministry of cooperation is set to be launched within the next two months, Union home minister Amit Shah announced on Wednesday, saying that the entire fare will go to the driver. Union Minister for Home Affairs and Cooperation Amit Shah during the…
‘Bharat Taxi’ scheme to boost cabbies’ income: Amit Shah | Hindustan Times Hindustan Times Source link
NEW DELHI: The income tax department has launched a fresh campaign to nudge those with overseas assets or income to disclose details in India. Initially, around 25,000 high-risk cases will be targeted through SMS and e-mails, with the campaign proposed to be expanded mid-Dec to cover others, and improve the compliance ecosystem.The initiative comes exactly…