From Assessment Year 2023-24, individuals will have the flexibility to submit a fresh ITR after discarding the previous submission, without having to verify the original, discrepancy-ridden return It's crucial to note that once a return is discarded, the action is irreversible. Therefore, before opting for the discard feature, it is advisable to conduct a thorough evaluation After ...

The government wants KYC norms to be standardised and streamlined for merchants.  HARSH KUMAR In view of the rising instances of bank fraud, the Finance Ministry on November 28 advised banks to appoint nodal officers to tackle cyber security issues. In a meeting held between the ministry and bankers in Delhi, the government also asked banks to ...

To curb rising instances of online payment frauds, the government is planning to introduce a minimum time for a transaction beyond a particular amount happening for the first time between two persons.The plan likely includes a possible four-hour window for the first transaction between two users for digital payments being processed for all transactions likely above ...

Hermeus’ audacious plan to build a passenger plane able to travel at Mach 5 is a longshot, but it’s won Pentagon backing. By Jeremy Bogaisky, Forbes Staff Earlier this month, a curved aluminum skeleton 40 feet long sat waiting in Hermeus’ cavernous Atlanta factory. It was the prototype of a drone called Quarterhorse. It will never fly. Instead, ...

Sodium — found in rock salts and brines around the globe — has the potential to make inroads into energy storage and electric vehicles because it’s cheaper and far more abundant than lithium, which currently dominates batteries. BLOOMBERG  NOVEMBER 26, 2023 Battery giants are starting to put their money on new sodium-based technology, a sign that there ...