The deposits in question were made by the medicine shop owner in three savings accounts. (Image for representative purpose in only) Cash deposits made in bank accounts can invite income tax scrutiny if the assessing officer is unable to detect a clear trail and source. In one such case a pharmaceutical and medicines retailer based…

Benchmark equity indices Sensex and Nifty continued their upward momentum for the third consecutive session on Tuesday, helped by positive global market trends, foreign fund inflows and easing crude oil prices after the reported peace deal between the US and Iran, reported PTI.The 30-share BSE Sensex gained 544.15 points, or 0.71 per cent, to close…

The progress of the southwest monsoon in June 2026 has been a cause for significant concern. (AI image) The Indian economy has till now emerged from the US-Iran conflict relatively unscathed. If the peace talks hold and the Strait of Hormuz opens, economists expect the impact of the war to be transient. However, a bigger…

NEW DELHI: India can manufacture enough smartphone screen protectors to meet its needs, IT secretary S Krishnan said, arguing that inferior imports should not erode the business of domestic producers investing in quality.“We now have enough production capacity in the country for this category of equipment,” Krishnan said on Thursday on the sidelines of an…