Daily Archives: February 4, 2020
Of the nearly 5.8 crore assessees who filed returns for the last fiscal, 55.4 lakh had claimed housing rent allowance (HRA), which is roughly 9.5% of the base. Within this, around 43 lakh had annual HRA of under Rs 1 lakh. Hence, Centre expects up to 80% of tax assessees to move to the new flat-rate regime, given that not many use HRA benefits for investments.
Going by Quess Corp’s latest quarterly filing, the Bengaluru-based company now has the largest roster of employees and associates — 3.85 lakh — in the private sector in India. Quess provides staffing solutions and its employees function as outsourced service providers for its over 2,000 clients, including Samsung, Amazon etc. Quess has also shot past TCS.
Senate Majority Leader Mitch McConnell on Tuesday slammed House Democrats’ drive to impeach President Donald Trump as “the most rushed, least fair and least thorough” in history and confirmed that he will vote to acquit him. McConnell said the two impeachment charges against Trump — that he abused his power and obstructed Congress’ ensuing investigation — are “constitutionally incoherent— and don’t “even approach a case for the first presidential removal in American history.”
India’s only Olympic medal hopeful weightlifter, Mirabai Chanu’s main aim is to stay injury-free in the build-up to the final round of the qualifications in April where she targets to lift a personal best of 210 kilograms.
“I didn’t propose that to extend my authority,” Putin said. “The election of the head of state must be held on a competitive basis.” Observers have speculated that once his term expires Putin could use the amendments to continue calling the shots as head of the State Council or prime minister.