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AMD to invest $400 million in India by 2028: Here’s what we know

US chipmaker Advanced Micro Devices said on Friday it will invest around $400 million in India over the next five years and will build its largest design center in the tech hub of Bengaluru. AMD’s announcement was made by its Chief Technology Officer Mark Papermaster at an annual semiconductor conference that started Friday in Prime Minister Narendra Modi’s home state of Gujarat. Other speakers at the flagship event include Foxconn Chairman Young Liu and Micron CEO Sanjay Mehrotra. Despite being a late entrant, the Modi government has been courting investments into India’s nascent chip sector to establish its credentials as a chipmaking hub. AMD said it will open its new design centre campus in Bengaluru by end of this year and create 3,000 new engineering roles within five years. “Our India teams will continue to play a pivotal role in delivering the high-performance and adaptive solutions that support AMD customers worldwide,” Papermaster said. The new 500,000-square-foot (55,5...

Income Tax e-filing new website: incometaxgov.in to launch on June 7 for taxpayers to file ITR online

The Income Tax Department on Thursday announced to launch a new e-filing website, incometaxgov.in, for taxpayers. The new website will be available from June 7 onward. After the new portal is available, all taxpayers will need to use the new e-filing website to file routine ITRs and perform other tax-related works.

The Income Tax Department has confirmed that the existing e-filing portal will remain shut for six days between June 1 and June 6. During this period, the old website will transition to the new one. As per the government officials the new income tax filing portal will be even more user-friendly.

The official order issued by the systems wing of the department stated that the “transition” from the old portal https://ift.tt/1dxxFKf to the new www.incometaxgov.in will be completed by June 6. The new e-filing website will be made operational from June 7.

The order stated, “In preparation of this launch and for migration activities, the existing portal of the department at https://ift.tt/1dxxFKf would not be available for a brief period of six days from June 1 to 6.”

ITR, income tax returns filing

The order further added that the exiting income tax filing portal will “not be available” to both the taxpayers as well as Income Tax Department officers during this period.

It also noted that “all officers may be directed to fix any hearing or compliances only from June 10 onwards to give taxpayers time to respond to the new system.” All work scheduled between the taxpayer and the assessing officer of the department may be preponed or adjourned, the order further stated.

Taxpayers use the e-filing portal to file their individual or business category income tax returns (ITRs). The website is also accessed to raise complaints seeking refunds and other works with the tax department.



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