KSEB's LIFE Mission now supports BPL applicants until March 31, 2027, enhancing access to power line shifting. This initiative also benefits Pradhan Mantri Awas Yojana participants, promoting affordable housing solutions. The extension aims to improve living conditions for low-income families in Kerala.
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Missing the ITR filing deadline of August 31, 2026, can lead to penalties. Taxpayers can file belated returns until December 31, 2026, with specific extensions available for certain categories. Understanding these options is crucial for compliance and avoiding fines.
A Delhi taxpayer successfully quashed a tax notice regarding Section 54 exemption after building a new house before selling his old property. The ITAT Delhi ruled that the Income Tax Department's notice was issued beyond the permissible limitation period, allowing the taxpayer to retain the ₹53 lakh exemption. This case highlights the importance of understanding tax regulations and timelines for property transactions.
Oil prices remain above $90 per barrel as tensions in the Strait of Hormuz disrupt shipping routes. Investors are closely monitoring the US-Iran situation and its impact on the oil market. While Middle East assaults create market volatility, the lack of further escalations helps stabilize prices. Additionally, the UAE's halt on financial transactions with Iran adds to regional tensions, influencing investor sentiment.
Mark Cuban warns that California's proposed billionaire tax could drive startup founders away. He highlights the risk to the state's innovation and startup ecosystem, emphasizing that only 'idiot' founders would remain. Cuban's concerns reflect broader implications for California's economy and entrepreneurial landscape.