• Thu, March 27, 2025

by: GhanaWeb

Parliament approves Growth and Sustainability Levy Amendment Bill 2025

Parliament has passed the Growth and Sustainability Levy Amendment Bill 2025, raising the levy on gold mining companies from 1% to 3% of their gross production.

by: Bloomberg

Jefferies Profit Drops on Pullback in Deals, Capital Markets

Jefferies Financial Group Inc.'s fiscal first-quarter earnings declined amid a drop in investment-banking and capital-markets revenue, with activity hurt by uncertainty around US policy and geopolitics.

by: CCN

BRICS Pushing Forward With Digital Cross-Border Payment System, Russia's Finance Minister Confirms

by: WJHL

East Tenn. vape shop owner testifies against new vape bill in TN Capitol

David Nelson owns Rocky Top Vapor in Johnson City and other cities. He testified against a bill in front of the Finance, Ways, and Means Subcommittee that he said

by: cnbctv18

Jio Financial Services invests ?1,000 crore in subsidiary Jio Finance

The transaction, being between Jio Financial and its subsidiary, qualifies as a related-party transaction but has been executed on an arm's length basis. Shares of Jio Financial Services Limited ended at ₹225.

by: Stockhouse

ARMAMENTS and GOLD! Target prices are rising! Barrick Gold, Deutz, and Globex Mining!

The "Rambo Zambo" billions of Friedrich Merz continue to drive the Deutz share higher. After the solid annual figures, profit-taking seemed likely to set in for the engine manufacturer's shares, but this was misinterpreted!

by: Forbes

Public And Private Cloud: Which One Fits Your Finance Needs?

From my experience as an SAP S/4HANA Solution Architect, selecting between Public and Private Cloud depends on balancing cost, flexibility and control.

by: GOBankingRates

What Is an Unsecured Loan? Pros, Cons and How To Qualify

What is an unsecured loan? It's a loan that doesn't require collateral. Learn how it works, who qualifies and the pros and cons.

by: PCMag

AT&T's Full Autopay Discount Will Soon Require Your Bank Details

To get all of AT&T's autopay discount on a wireless or wired broadband plan, you'll soon have to get into a deeper financial embrace with that company. While the Dallas firm today offers $10 off its monthly rates for payments made automatically from a debit card or a bank account—halved to $5 off for credit-card payments—you will need to store your bank account details with the company to qualify for the $10 saving,

by: BellaNaija

Exquisite Magazine and the Africa Women's CEO Network are set to release their Annual Power List

Exquisite Magazine, in partnership with the Africa Women's CEO Network, is proud to announce the release of its annual Power List, celebrating men and women who champion women's empowerment and inclusion.

by: Ansa

Business ministry OKs ex ILVA commissioners-Baku talks

The Business and Made in Italy Ministry, at the initiative of Minister Adolfo Urso, has authorized the commissioners who have taken over the running of the troubled former ILVA Acciaierie d'Italia (AdI) steelworks in Taranto to start preferential negotiations with an Azerbaijani consortium led by Baku Steel Company (BSC) and by the Azerbaijan Business Development Fund (ABDF),

by: CNET

Tariffs Explained: What They'll Mean for Your Costs With a Week to Go

President Donald Trump's major tariffs against Canada and Mexico are scheduled to take effect in less than a week, and a new tariff against foreign cars is also in play as well.

by: MarketWatch

'Substantial tax savings:' 10 accountants reveal the tax credits and deductions Americans too often miss

The most overlooked tax credits involve energy home improvements." — Doug Throneburg, CPA, CFP and head of wealth management at Byline Bank. "Two types of credits are ava

by: CNN

Corporate interests pay for luxury foreign trips. State attorneys general join for free

And while the major companies gave hefty donations to the group that organized the trip, the attorneys general joined for free. The list of invitees was not meant to be widely shared, according to a text message sent from a staff member of the event organizer to an aide of one of the attorneys general.

by: Week99er

Orbital Partners with Know Your Customer to Strengthen Compliance for Its Global Stablecoin and Traditional Payments Platform

Orbital, a leading global platform for stablecoin and traditional cross-border payments, has announced a strategic partnership with Know Your Customer, an award-winning provider of digital onboarding and KYB automation solutions.

by: BirminghamWorld

Midlands Special Fasteners sold to publicly listed Swedish Group

Midlands Special Fasteners Ltd has been acquired by Teqnion AB, a publicly traded Swedish industrial conglomerate, in a transaction brokered by Altius Corporate Finance.

by: MarketBeat

CarMax and Carvana: Steering the Used Car Market

The used car market is experiencing a period of dynamic change, with evolving consumer preferences, technological advancements, and economic factors shaping the fortunes of key players. CarMax (NYSE: KMX),

by: Yahoo

Approval recommended for purchase agreement on lot for indoor baseball, softball facility

Finance and Legal Committee recommended approval on a 4-0 vote to have the city of Jamestown enter into a purchase agreement with Eagles Nest LLC for a city-owned lot that will be developed into an indoor practice facility for youth baseball and softball.

by: TheStreet

Popular pizza chain contends with key retail issue, and analysts take note

"First and foremost, we need to make sure we are living up to our brand promise of better ingredients, better pizza in everything we do," Penegore, president and CEO of Papa John's International (PZZA) ,

by: Variety

Patrick Whitesell and Silver Lake Invest in Peyton Manning's Omaha Productions

Former Endeavor executive chairman Patrick Whitesell and private equity giant Silver Lake have made an investment in Omaha Productions, the busy content banner headed by NFL great Peyton Manning. The deal gives Whitesell and Silver Lake a minority stake in the company that produces ESPN2's alternative "Monday Night Football" live telecast during the regular NFL

by: Fortune

GameStop stock slides 23% after announcing strategy shift and plans to buy $1.3 billion worth of Bitcoin

The company said Tuesday its board voted unanimously to raise $1.3 billion to purchase Bitcoin, while simultaneously closing a "significant number" of retail stores. Although the news was greeted with a 14% same-day stock bump,

by: Futurism

Jack Dorsey's Flailing Crypto Business Is Laying Off More Than 900 Employees

For the past few years, the financial technology sector has had it made. Between 2018 and 2023, the rapidly growing "FinTech" industry rose to over $39 billion in revenue, with projections to hit over $1.

by: Reuters

GameStop shares tumble as investors question bitcoin pivot

Shares of GameStop fell more than 15% on Thursday after the company's plan to finance its bitcoin pivot raised questions about the timing of its move and its strategy to turn around its struggling retail business.

by: WTOP

Burlington replaces Prince George's Co. Joann Fabric store

Discount retail chain Burlington will replace a recently closed JOANN Fabric and Crafts store at Brandywine Crossing in Brandywine, Maryland.

by: Fortune

Most Americans have one life insurance policy. Why do incoming SEC chair Paul Atkins and his wife own 54?

Experts speculated that the dozens of policies may be a tax strategy—or that Atkins may be buying up others' policies as an investment.

by: Insider

Trump tariffs: 39 imported cars and trucks that are likely to see price hikes

Trump's new round of tariffs are likely to result in price hikes on wide swaths of cars and trucks, not just those assembled in Mexico and Canada.

by: Moneycontrol

Debt and equity fundraising hits all-time high in FY25 even as market sails through jitters

In a contrasting trend, FPIs injected Rs 1.21 lakh crore into the primary market while offloading Rs 2.64 lakh crore in the secondary market.

by: Entrepreneur

'It's Going to Be Good': President Donald Trump Levies 25% Tariffs on Imported Cars and Parts

President Donald Trump signed an executive order announcing that he would impose a 25% tariff on imported cars and car parts, set to take effect on April 3, per The New York Times. Trump said the move would incentivize automakers to move manufacturing into the United States and end a "ridiculous" supply chain where cars are manufactured across country lines.

by: TheStreet

Social Security Strengthens Identity Proofing Requirements and Expedites Direct Deposit Changes to One-Day

The updated measures will further safeguard Social Security records and benefits against fraudulent activity.

by: Euronews

EU rebuffs Russia's demand for sanctions relief and asks for 'unconditional withdrawal' of troops

The "unconditional withdrawal" of Russian forces from the territory of Ukraine is a key precondition to amend or lift sanctions, the European Commission has said in reply to the Kremlin's demand. View

by: GOBankingRates

10 Most Overpriced Elite US Universities Based on Cost and Starting Salary

Getting a college diploma can make a huge difference in the amount of money you earn. A previous GOBankingRates article found that a bachelor's degree could add an extra $1.5 million in income

by: Forbes

How AI Agents Are Transforming Business In 2025 And Beyond

So, what does this shift mean for businesses? How will AI agents move from cutting-edge innovation to an everyday necessity?

by: CNN

The Trump admin accuses EPA of squirreling away $20 billion in 'gold bars.' Here's what's really going on.

Lee Zeldin's allegations of criminal activity led to the resignation of a top DC prosecutor who refused to open a grand jury investigation.

by: Bloomberg

US Banks Finance Their Own Competition to Tune of $1 Trillion

One of American banks' fastest-growing businesses is lending to the very companies trying to grab their market share.

by: Moneycontrol

Three reasons why Indian bond yield hits 3-year lows and why it points at more rate cuts

The yield on government securities, especially the 10-year benchmark bond, has been witnessing a reduction since the start of this month. Data indicates that it has eased 15 bps so far in March.

by: Investopedia

Do I Need a Personal Accountant?

You know you need to keep your personal finances better organized. Should you hire professional help, and if so, what kind?

by: Insider

Here's what Elon Musk, the UAW and industry figures are saying about Trump's auto tariffs

Elon Musk said President Donald Trump's tariffs would have a "significant" impact on Tesla, while the UAW said it would help end the "race to the bottom."

by: Kiplinger

Revocable Living Trusts: The Good, the Bad and the Ugly

People are conditioned to believe they should avoid probate at all costs, but when compared with living trusts, probate could be a smart choice for some folks.

by: AOL

What is AP automation and what are the benefits of using it?

Brex explains that instead of going through paper invoices one by one and manually entering data into AP systems, finance teams are using technology to capture, process, and approve payments with greater speed and accuracy.

by: Entrepreneur

What Business School Won't Tell You About Entrepreneurship

Entrepreneurship is often glamorized, but the real journey is far more complex than what business school teaches.

by: Reuters

US pulls back $12 billion in funding to state health departments

The U.S. Department of Health and Human Services canceled around $12 billion in federal grants to states that were allocated during the COVID-19 pandemic, the federal department and state officials said on Wednesday.

by: Reuters

Focus: Bank bosses call for softer rules, Trump-nominated regulators listen

U.S. banking giants are pushing for a swath of lighter regulations from President Donald Trump's administration, and say they are heartened by signals that regulators are listening.

by: Entrepreneur

Writing a Book? Here's How to Find Your Audience and Become a Bestselling Author

Today's competitive literary landscape demands a nuanced approach to marketing and connecting with target readers. The role of public relations firms is multifaceted, and tailored PR solutions can help modern authors get their books into more hands.

by: Moneycontrol

Finance Bill 2025 removes indirect investment tracking for offshore funds, boosts India's appeal for global fund managers

The Finance Bill 2025 has amended the rules so that only direct investments by Indian residents will be considered within the 5 percent safe harbour threshold.

by: Moneycontrol

Finance Bill, 2025, limits tax scrutiny to undisclosed income in search cases

Now, tax authorities can reassess hitherto undisclosed earnings only, and not income that's already been declared.

by: Reuters

Sweden proposes state loans for new nuclear reactors

The Swedish government on Thursday proposed state loans and power price guarantees to help companies fund the construction of four new nuclear power plants, part of its strategy to boost electricity output and reduce carbon emissions.

by: Reuters

Ethos rejects UBS pay, buybacks and sustainability report

Proxy advisory firm Ethos on Thursday urged UBS shareholders to reject the bank's remuneration, share buyback program and sustainability report at its upcoming annual general meeting.

by: Reuters

UK government's own estimate says welfare cuts to push 250,000 into poverty

Welfare cuts announced by Britain on Wednesday will drive 250,000 into relative poverty by the end of the decade and leave millions of families with less cash, according to the government's own estimates.

Finance Bill, 2025, limits tax scrutiny to undisclosed income in search cases

Now, tax authorities can reassess hitherto undisclosed earnings only, and not income that's already been declared.
The Finance Bill 2025, presented by Finance Minister Nirmala Sitharaman, introduces significant changes to the taxation framework, particularly concerning the scrutiny of income in search and seizure cases. The key amendment limits the tax scrutiny to only the undisclosed income found during these operations, rather than the entire income of the assessee. This move aims to reduce the burden on taxpayers by focusing solely on unreported income, thereby streamlining the tax assessment process. The bill also includes provisions to enhance transparency and efficiency in tax administration, ensuring that only relevant income is under scrutiny, which could potentially reduce litigation and disputes related to tax assessments. This amendment reflects the government's intent to foster a more taxpayer-friendly environment while maintaining stringent checks on undisclosed income.

Read the Full Moneycontrol Article at:
https://www.moneycontrol.com/news/business/economy/finance-bill-2025-limits-tax-scrutiny-to-undisclosed-income-in-search-cases-12977636.html

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