183

TDS on salary: CBDT issues IMPORTANT circular on salary income

The Central Board of Direct Taxes (CBDT) in a circular related to TDS deduction from salaries has said that any person responsible for paying salary must deduct income tax while paying the amount.

The circular said that the tax should be deducted at the average rate calculated, based on the rates in force for the current financial year, on the estimated salary income of the recipient for that year. (Read more: Bank of India hikes FD rates, new rates applicable from today 13 December)

The circular was issued last week by CBDT. (Read more: Will govt remove image of Mahatma Gandhi from Indian Currency notes? )

163

Tata Nano to make a comeback as India's most affordable electric car

With the implementation of BS6 emission norms in April 2020, Tata Motors discontinued the Nano small car and the Safari Storme SUV in the country. Touted to be the cheapest car in the world, the car failed to generate volume for the carmaker in the country. The car rolled off the production line in May 2018.

The small hatchback was offered with a 624cc twin-cylinder petrol engine that was good for 38bhp and 51Nm. Power was sent to the rear wheels via a 4-speed manual or AMT gearbox.

According to a fresh report in the media, the domestic automaker might be considering re-launching the Tata Nano with an electric drive. The Tata Nano EV is likely to see significant changes in underpinning, suspension setup and tyres.

143

Heavy rush at Delhi International Airport irks passengers, Aviation Ministry promises 4 points action plan

With long queues and waiting period for passengers at the Delhi airport, civil aviation ministry officials on Saturday said an action plan is being implemented to address the congestion, including reducing the number of peak hour departures to 14. Many passengers took to social media to complain about long waiting hours and some also shared pictures of long queues at Terminal 3 (T3) of the Indira Gandhi International Airport (IGIA).

The officials said that a four-point action plan has been drawn up by airport operator DIAL and the ministry to put in place immediate remedial measures such as increasing the number of X-ray screening systems to 16 from 14 at present.

123

Tata Group to merge 4 airlines into one, bringing more revolution in India's aviation sector

It was long in the works. A few weeks after Air India—now owned by the Tata group—bought a controlling stake in low-cost carrier (LCC) AirAsia India, the merger of full-service carrier Vistara was announced. The deal was set in motion the moment New Zealander Campbell Wilson was hired from Singapore Airlines’ low-cost subsidiary Scoot to head Air India. So, it came as no surprise when a delighted Wilson commended Vistara for achieving a lot ever since the 51:41 Singapore Airlines and Tata group JV commenced operations in November 2013.

103

'Make everything public now': Former Twitter CEO Jack Dorsey takes on Elon Musk over Twitter Files

Former Twitter CEO Jack Dorsey has finally broken his silence over the entire matter of Twitter Files. In direct question to Musk, Dorsey asked him to reveal everything 'now'. Twitter Files have revealed some controversial internal conversations between former Twitter executives. Musk has offered fragments of the details in order to show how the social media platform suppressed 'free speech.   

In his response to Elon Musk, Dorsey claimed that if the goal is to build trust through transparency, one possible approach would be to release all information without filtering it, allowing people to judge for themselves. This would include making all discussions about current and future actions public. Dorsey claimed that by providing unrestricted access to all the information, people would be able to see everything for themselves and make their own judgments.