With the 31 July Income Tax Return (ITR) filing deadline here, millions of taxpayers are either rushing to submit their returns or hoping for a last-minute extension. But beyond the annual compliance exercise lies a question many taxpayers overlook: Does earning the same income mean paying the same amount of tax?

https://www.livemint.com/money/personal-finance/15-lakh-income-different-tax-liabilities-why-salaried-middle-class-ends-up-paying-highest-tax-11785421822235.html

Critics slam Raghav Chadha for abandoning students after joining the BJP, calling it a betrayal of his former stance. Despite his promise for solutions, discontent continues on social media.

https://www.livemint.com/news/trends/why-was-raghav-chadha-silent-on-student-protest-bjp-mp-s-justification-fails-to-impress-social-media-memes-galore-11785493570844.html

FIFA sought to raise as much as $4.2 billion by selling an approximately 20% stake in a newly created commercial entity that would oversee the World Cup and other tournaments.

https://www.livemint.com/sports/football-news/fifa-abandons-4-2-billion-commercial-stake-plan-after-opposition-from-uefa-concacaf-and-afc-it-has-become-clear-11785551558771.html

Prices of 19 kg-commercial LPG cylinders were reduced by ₹209 in Kolkata and ₹202 in Delhi on Saturday, August 1.

Check new rates here 👇
https://www.livemint.com/news/india/commercial-lpg-cylinders-price-slashed-by-over-rs-200-check-rates-in-delhi-kolkata-chennai-11785546698637.html

#MintMarkets | Sumeet Bagadia recommends three stocks to buy on Monday - 3 August 2026.

https://www.livemint.com/market/stock-market-news/buy-or-sell-sumeet-bagadia-recommends-three-stocks-to-buy-on-monday-3-august-2026-ril-reliance-bharti-airtel-tvs-11785555167163.html

#MintMarkets | Stocks to buy under ₹200: Mehul Kothari of Anand Rathi recommends three shares to buy or sell.

https://www.livemint.com/market/stock-market-news/stocks-to-buy-under-rs-200-mehul-kothari-of-anand-rathi-recommends-three-shares-to-buy-or-sell-idea-suzlon-yes-bank-11785560868740.html

India’s gross goods and services tax (GST) collections rose 15.4% year-on-year to ₹2.11 trillion in July, marking one of the strongest monthly performances this fiscal year.

https://livemint.com/economy/india-gst-collections-goods-and-services-tax-indirect-tax-11785563575975.html

Russia launched a barrage of ballistic missiles and attack drones against Ukraine’s capital overnight, killing nine people and injuring at least 30, as Ukrainian officials urged the supply of more anti-missile weapons from allies.

https://www.livemint.com/news/world/russia-hits-kyiv-with-horrific-missile-barrage-killing-nine-11785570569026.html

Delhi Lakshmi Yojana: You will not get ₹2500, until you have an MLA or MP's approval.

Check rules to apply 👇
https://www.livemint.com/money/personal-finance/delhi-lakshmi-yojana-you-will-not-get-rs-2500-until-you-have-an-mla-or-mps-approval-check-rules-to-apply-11785573636442.html

CWG 2026: Preeti Pawar, Jaismine Lamboria put India on top with gold in boxing; country's medal tally swells to 25

https://www.livemint.com/sports/news/preeti-pawar-wins-indias-first-boxing-gold-at-cwg-2026-jaismine-lamboria-jadumani-singh-in-action-medal-tally-11785579243816.html

Who is Tanvi Sharma? Punjab’s teenage sensation storms into Taipei Open 2026 badminton final

https://www.livemint.com/sports/news/who-is-tanvi-sharma-punjab-s-teenage-sensation-storms-into-taipei-open-2026-badminton-final-11785580003497.html

Indian completes a double podium finish at CWG 2026 as Praveen Chithravel and Selva Prabhu Thirumaran secured a silver and bronze medal, respectively, in the men's triple jump.

https://www.livemint.com/sports/news/cwg-2026-praveen-chithravel-selva-prabhu-thirumaran-win-mens-triple-jump-silver-bronze-as-indian-athletes-shine-11785583835117.html

The US has imposed fresh sanctions on firms in India, China and Russia for allegedly supporting Iran's Mahan Air and the IRGC, warning that those aiding them are sustaining a "terrorist enterprise."

Watch!
https://www.youtube.com/watch?v=_Fv_V9YG_qQ

#MintLongStory | In the midst of rainfall deficits, shrinking rivers and dry winters, the Union Territory has been battered by cloudbursts and intense short-duration rainfall that have wreaked death and destruction.

Read more: https://www.livemint.com/news/why-cloudbursts-are-increasing-jammu-kashmir-11785410149825.html

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US President Donald Trump says he has cancelled a planned strike on Iran, subject to a rapid deal that includes reopening the Strait of Hormuz and ending Tehran's nuclear programme. The announcement comes hours after Iran warned it would retaliate against any fresh US military action.

Read more: https://www.livemint.com/news/us-news/for-future-benefit-of-world-trump-cancels-planned-iran-strike-subject-to-rapid-deal-11785638736696.html

Why Jammu & Kashmir Is Increasingly Seeing Intense Flash Flooding & Cloudburst Incidents

What is currently unfolding across the Jammu and Kashmir is no longer a rare mountain calamity confined to remote valleys. Cloudbursts and intense short-duration rainfall events have become more frequent, more destructive and more widespread, striking both rural catchments and urban centres at the height of the tourist and pilgrimage season. Here's why.

WATCH: https://www.youtube.com/watch?v=CNBPBm0rcVs

#LongStoryUnlocked | For 1,100 days, the farmers of Ekanapuram in Tamil Nadu stood ground against a proposed greenfield airport meant to be Chennai’s second. Now, a massive political shift has forced a government pause. Mint has the inside story on this David vs. Goliath battle.

FREE TO READ

Read more: https://www.livemint.com/s/1c4qrGj

The Central Bureau of Investigation (CBI) has filed an FIR against Reliance Capital Limited (RCL) and its former chairman Anil D Ambani in connection with an alleged loss of ₹1,816.22 crore to the EPFO, officials said on Saturday.

Ambani, however, denied any wrongdoing, news agency PTI reported, citing a statement issued by his spokesperson.

Read more: https://www.livemint.com/companies/news/cbi-books-anil-ambani-reliance-capital-for-causing-epfo-loss-of-over-1-800-heres-what-happened-11785654343879.html

A Surat-based RTI activist, Amit Tiwari, has sought an investigation into the finances of Bhagwanrao Dipke, the father of Cockroach Janta Party (CJP) founder Abhijeet Dipke, questioning how a junior engineer's salary could have paid for his son's higher education in US.
https://www.livemint.com/news/india/rti-activist-questions-funding-of-abhijeet-dipkes-us-education-cites-fathers-60-000-65-000-monthly-salary-11785662432649.html

Jamshedpur FC had announced on July 31 that it would withdraw from the Indian Super League from the 2026-27 season onwards. The decision was confirmed by Jamshedpur Football and Sporting Private Limited (JFSPL), the Tata Steel-owned entity that operates the club.

https://www.livemint.com/sports/football-news/sunil-chhetris-emotional-public-appeal-to-tata-group-to-reconsider-jamshedpur-fcs-shutdown-is-a-punch-to-the-gut-11785668613305.html