Profit by knowlytics
ITR Deadline: The deadline for filing Income Tax Returns (ITR) for taxpayers with non-audit business or professional income is August 31, 2026. This due date was extended from July 31st to August 31st pursuant to an amendment in the Finance Act, 2026 in Budget 2026.
Devanathan will be based in Singapore and oversee consumer growth, enterprise adoption, partnerships, regulatory engagement and operations across Southeast Asia and Australia
New labour codes mandate higher provident fund contributions for employees. This change reduces monthly take-home pay for many salaried individuals. Salaried employees having Rs 15 lakh CTC may get up to Rs 7,928 less net take home pay after new labour code is applied; Know what happens for Rs 10 lakh, 25 lakh and 50…
The company will develop residential and commercial projects on this land parcel and expects revenue of Rs 10,000-12,000 crore from upcoming projects on the site
UPI now dominates India’s digital merchant payments, capturing a significant market share. Credit and debit cards are steadily losing their previous positions in this sector. The digital payments market continues to expand, with UPI capturing much of this growth. Proposed changes may introduce nominal charges on select higher-value UPI merchant transactions. This shift focuses on…
Apparel exporters requested government intervention to regulate cotton yarn exports. Rising yarn prices are significantly hurting the industry’s global competitiveness. Limited stock and increased demand from countries like Bangladesh and Vietnam contribute. Higher manufacturing costs affect opportunities in new free trade agreement markets. Value addition through finished garments offers greater economic benefits than raw materials.
The Odisha government released the fifth installment of the Subhadra Yojana on 28 August, disbursing ₹5,160 crore to eligible women. The annual payout of ₹10,000 is delivered via Direct Benefit Transfer.
Canada has exited trade negotiations with US and launched dollar-for-dollar retaliatory tariffs, marking a sharp escalation in middle-power resistance against Washington.
India’s IPO market could see a record fundraising month in September, with companies potentially raising up to Rs 70,000 crore if Jio Platforms or NSE launches its public issue. More than 25 IPOs are expected, as strong domestic liquidity, improved listing performance, and pent-up supply drive the primary market revival.
The payout comes after a prolonged period of subdued variable compensation at the company. For nearly two years until the first quarter of fiscal 2026, mid- and senior-level employees received only about 20-40% of their eligible variable pay.