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UNCOVERED: Cpc - Caught on Camera

ITR filing: Received Section 143(1) intimation with tax demand? Respond within 30 days or risk being treated as an ‘assessee in default’; know how to do it

Taxpayers must respond to Section 143(1) intimations with tax demands promptly. Failure to respond within thirty days can lead to penalties. Interest accrues on unpaid demands after the stipulated period expires. Ignoring these notices may result in being classified as an assessee in default. This classification empowers the tax department…

The Economic Times

Rs 5.26 lakh capital loss carry forward was claimed in original ITR but a lesser claim was denied in revised ITR; Taxpayer fights back and wins in ITAT Bangalore

Filed revised ITR but lost Rs 2.99 lakh capital loss carry forward benefit claimed in original ITR; Know how a man challenged tax dept's decision and won case in ITAT Bangalore. Know how the taxpayer won the case in ITAT Bangalore.

The Economic Times

Four drone strikes in four days hit tankers carrying Kazakhstan's oil

Drone attacks on vessels in the Black Sea tasked with transporting Kazakhstan's oil persisted for multiple days, with Astana condemning the strikes. The CPC route carries around 80% of Kazakhstan's oil exports and more than 1% of global supply.

Euronews

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Ukraine-Russia war latest: Three Chinese nationals among 10 injured in Ukrainian drone swarm attack on Moscow

Russian capital has been hit by a major drone attack as fighting intensifies

The Independent UK

Russian attacks kill 6 in Kyiv, other cities; expose gaps in Ukraine's air defences

Moscow has in recent weeks stepped up its use of ballistic missiles as it seeks to choke off Ukrainian strikes on oil facilities deep inside Russia that have caused critical fuel shortages affecting both the military and the civilian population.

The Economic Times

Russia Pounds Ukraine With A Barrage of Ballistics. Kremlin Is Exploiting A Crucial Weakness

Kremlin has stepped up its use of ballistic missiles as it seeks to retaliate for Ukrainian strikes on oil facilities deep inside Russia, exploiting Ukraine's shortage of US-made Patriot air defense systems.

International Business Times

Caspian Pipeline Consortium: Oil loadings halted after tanker attack at Black Sea terminal

Oil loadings at a Caspian Pipeline Consortium (CPC) terminal off Russia's Black Sea coast were suspended on Sunday after two oil tankers were attacked during loading operations, with one vessel catching fire, the company said.

The Times of India

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8th Pay Commission HRA calculator: Can HRA go up to Rs 1,93,000/month? HRA estimates for Level 14-18 employees at 2.0, 2.1, 2.28, 2.57 fitment factors

8th pay commission calculator: The 8th Pay Commission has concluded its Kolkata meetings and extended the employee data submission deadline. Central government employees anticipate salary and allowance increments as the commission prepares its recommendations. House Rent Allowance is a key component which is expected to be revised significantly. Senior government…

The Economic Times

Section 234B interest on updated ITRs: CPC's computation logic appears contrary to law

Taxpayers filing updated returns face incorrect interest charges. Centralised Processing Centre calculates Section 234B interest beyond tax payment dates. This leads to excess demands and additional income tax levies. The law mandates interest cessation upon full tax payment before filing. Taxpayers should seek rectification for these erroneous demands.

The Economic Times

8th Pay Commission latest news: Odisha meetings, Railway inspection plan and other key developments you should know

The 8th Pay Commission is actively consulting stakeholders across India, recently holding discussions in Bhubaneswar and planning for Kolkata. Notably, the commission intends to conduct firsthand inspections of Indian Railways' operations, including track maintenance, signal work, and train control, to better understand employee working conditions and risks before salary revisions.…

The Economic Times

Rs 17 lakh income tax refund claim was denied as taxpayer did not e-verify ITR since he was busy taking care of late father; ITAT Delhi allows refund for this reason

A Delhi landlord, busy caring for his ailing father, missed the deadline to e-verify his income tax return, leading to a denied Rs 17 lakh refund. The Income Tax Appellate Tribunal (ITAT) Delhi intervened, ruling that withholding the refund on a technicality would amount to unjust enrichment. The tribunal emphasized…

The Economic Times

President Xi Jinping directs PLA to speed up modernisation

President Xi Jinping has urged the People's Liberation Army to accelerate its modernization to achieve world-class standards by 2027, aiming to safeguard China's sovereignty and development interests. He reiterated the commitment to unifying Taiwan with the mainland, vowing resolute action against secessionists and external interference. Xi also highlighted the Communist…

The Economic Times

8th Pay Commission: Key deadline ends today; why this step is important for central government employees’ salary hike

Central government departments must submit pay revision data for the 8th Pay Commission by today, June 30, 2026. Submissions are strictly online via the commission's portal; physical or emailed data will be rejected.

The Economic Times

Senators alarmed at Trump administration website Moms.gov promoting anti-abortion facilities

Administration claims website is resource for ‘new and expecting mothers’ but group of senators says it raises ‘profound’ health and safety concerns

The Guardian - US

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The Economic Times

8th Pay Commission HRA changes: 5 employee bodies recommend house rent allowance up to 40%; check details

8th pay commission proposals: Central government employees are urging the 8th Pay Commission to significantly hike House Rent Allowance (HRA) rates, citing soaring urban rents. Employee bodies are proposing increases to 36%, 40%, and even higher for different city categories, with some suggesting HRA be linked to Dearness Allowance (DA)…

The Economic Times

8th Pay Commission latest news: Can 8th CPC submit its report before Mid-2027 as Lucknow meetings begin?

8th Pay Commission news: Central government employees are anticipating the 8th Pay Commission's report, with some associations suggesting an early submission by January 2027 and potential salary hikes from April. Despite a November 2025 formation and an 18-month deadline ending May 2027, the commission's swift pace, aided by online processes,…

The Economic Times

8th Pay Commission salary calculator: Can top central government employees get up to Rs 93 lakh in arrears?

8th Pay Commission news: Central government employees await the 8th Pay Commission's recommendations, with meetings underway. Arrears for top-level employees (Level 15-18) could range from ₹36.44 lakh to over ₹93 lakh for a 20-month delay, depending on the fitment factor. These figures are estimates until the official report is implemented.

The Economic Times

8th Pay Commission latest news: Has the deadline to submit the 8th CPC memorandum been extended? Check details

The 8th Pay Commission's deadline for submitting memorandums remains June 15, 2026. No further extensions will be granted. The commission is actively holding meetings with stakeholders in cities like Lucknow, Bhubaneswar, and Kolkata. These discussions are crucial for preparing the commission's report on pay, pensions, and working conditions for central…

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The Economic Times

8th Pay Commission salary calculator: How much arrears could level 11–14 employees receive under 2.0-2.86 fitment factors?

8th Pay Commission salary hike: Central government employee and pensioner bodies are actively engaging with 8th Pay Commission officials regarding salary and allowance demands. Discussions are ongoing, with a memorandum submission deadline of June 15, 2026. Employees anticipate potential salary hikes and arrears, with estimates suggesting 20-21 months of arrears…

The Economic Times

8th Pay Commission calculator: How much arrears can Level 6-10 employees get at 2.0-2.86 fitment factors

The 8th Pay Commission is consulting stakeholders before finalising its recommendations, while central government employees await clarity on salary hikes and arrears. If implemented with a 20-month delay, arrears may be payable from January 1, 2026. Depending on the fitment factor, Level 6–10 employees may receive estimated arrears ranging from…

The Economic Times

8th Pay Commission salary hike: Why this employee body is recommending Rs 55,000 minimum basic pay to 8th CPC

The Jammu & Kashmir Employees' Federation has urged the 8th Pay Commission to implement a fitment factor of 3.05 and a minimum basic pay of Rs 55,000 for central government employees. Their proposal includes revising family units, merging dearness allowance, and adjusting for increased consumption costs to achieve this target.

The Economic Times

8th Pay Commission latest news: 8th CPC to visit Kolkata in July 2026; memorandum submission deadline extended

The 8th Pay Commission is set to hold crucial meetings in Kolkata from July 9-10, 2026, extending the memorandum submission deadline to June 15. This body, tasked with reviewing salaries and pensions for central government employees, will also visit Srinagar and Ladakh in June. Its recommendations, due in 18 months,…

The Economic Times

8th Pay Commission delay impact: Which arrears central government employees could miss due to 8th CPC report submission delay

Central government employees await the 8th Pay Commission report, anticipating arrears from January 1, 2026. While dearness allowance arrears are expected due to recalculation on revised basic pay, house rent and transport allowance arrears are unlikely, following past practices. Employees may receive 20-24 months of arrears based on the final…

The Economic Times

8th Pay Commission latest news: 8th CPC announces Bhubaneswar visit schedule for June; check meeting dates and details

The 8th Central Pay Commission is set to visit Bhubaneswar on July 6 and 7, 2026. Central government organizations and unions can request appointments by May 31, 2026.

AAP

Global Times: 'Five-Year Plans are the basis of China's modern development'

BEIJING, May 26, 2026 /PRNewswire/ -- 2026 marks the commencement of China's 15th Five-Year Plan (2026-30), a pivotal phase in the nation's medium- to long-term development. A successful venture starts with a good plan and clear goals set. At this critical juncture, where a profound restructuring of the global order…

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