Mihir Tanna, Associate Director, S K Patodia & Associates, answers your personal income tax queries.
The ministry-making exercise took so long because many factors needed to be balanced. But now that it is in place, not everyone is happy with the resultant equation.
Listed companies of the Kishore Biyani-led Future group on Saturday informed exchanges about meetings of their respective shareholders and creditors being convened on April 20 and 21 to get their approval for the Rs 24,713-crore deal with Reliance Retail. Listed entities, including Future Enterprises Ltd, Future Retail Ltd, Future Consumer Ltd and Future Supply Chain, informed exchanges about dates and other procedures for the virtual meetings of shareholders and creditors. The meetings are held virtually through video conferencing and other audio-visual means, the addendum notice added.
The Bombay high court on Wednesday said it does not pay heed to remarks made by political leaders and others against the judiciary and remarked that the shoulders of the court are broad enough and as long as the court's conscience is clean, people can say whatever they want to.
The BBMP advocate informed the court that the number of potholes being filled up is being updated every day and a total of 2,010 potholes had been filled and only 221 potholes remained till September 14, 2022.
'There will be political opposition, and this monetisation will require continued political will.'
Vice President Dhankar's and Law Minister Rijuju's recent interventions have the danger of destabilising the Constitutional equilibrium, cautions N Sathiya Moorthy.
A bench of Justices DY Chandrachud and Hima Kohli said an attack on individuals does not mean it is an attack on the community but it needs to verify the claims of any such incident if it is made in the public interest litigation.
Hearing a public interest litigation filed by NGO Amguri Naba Nirman Samity, a high court division bench comprising Chief Justice Sudhanshu Dhulia and Justice Soumitra Saikia asked the Assam government to file a detailed status report on the case.
Mumbai's Covid situation under control, BMC tells HC
Some Twitter users were serious in their demand for the return of the Kohinoor diamond, while others had a humorous take on the issue.
The court also said that the "frivolous contentions" by the petitioner objecting to the PM's photo and his "morale boosting message" on the vaccination certificate, was "not expected from a citizen of the country".
Gujarat legislator Jignesh Mevani was granted bail by a court in Assam's Barpeta district on Friday in a case related to the alleged assault of a woman police officer.
Section 498-A of the IPC deals with the offence of subjecting a woman to cruelty by the husband or his relatives.
Future group promoter Kishore Biyani's stake fell consistently across group companies since December 2019 after American retail major Amazon infused funds in a Future group promoter entity and the group companies started showing signs of financial distress due to closure of stores due to Covid-19 pandemic. As lenders take Future group companies to the bankruptcy courts to recover their dues under the Insolvency and Bankruptcy Code, the shareholders of Future group companies are staring at complete wipeout of their investments as secured lenders get top priority in any potential recovery, say lawyers. "The fate of all Future group shareholders is now sealed with them looking at a complete loss.
The Supreme Court on Wednesday agreed to hear on March 9 Bharatiya Janata Party leader Subramanian Swamy's plea seeking a direction to the Centre to declare 'Ram Setu' a national heritage monument.
A survey, with over 3,700 respondents across digital platforms, found that transparent taxation has been one of the most significant initiatives of the government followed by the production-linked incentives (PLI) scheme, equalisation levy and new labour codes.
Faced with prospect of its assets across the globe being seized just like Pakistan and Venezuela, the government decided to scrap retrospective taxation but the international embarrassment could have been avoided had 'attached' shares of Britain's Cairn Energy Plc not been sold, according to tax and legal experts. On Thursday, the government introduced a Bill in Parliament to scrap the tax rule that gave the tax department power to go 50 years back and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India. The 2012 legislation was used to levy a cumulative of Rs 1.10 lakh crore of tax on 17 entities, including UK telecom giant Vodafone, but substantial punitive action was taken only in the case of Cairn.
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