CBT says no tax rebate on short-term capital gains

The Central Board of Direct Taxes (CBDT) has clarified that taxpayers cannot claim a rebate under Section 87A of the Income Tax Act on income taxed at special rates, like short-term capital gains (STCG).

Out of focus

In a pointed address at the United Nations General Assembly, U.S. President Donald Trump accused India and China of being “primary funders” of Russia’s ongoing war in Ukraine by continuing to purchase Russian oil and gas.

India Post, Hombale Films honour Kantara with special cover

India Post’s Karnataka Postal Circle, in collaboration with Hombale Films, has released a Special Cover, two Picture Postcards, and a Cancellation Stamp celebrating Karnataka’s cultural heritage as depicted in the National Award-winning film Kantara.

Super Typhoon Ragasa kills 3 in Philippines

The Philippine Coast Guard (PCG) reported two more deaths and six missing persons on Tuesday in connection with super typhoon Ragasa, which struck northern Philippines on Monday, raising the overall death toll to three.