rediffGURU T S Khurana answers readers' personal income tax queries.
The Indian Air Force (IAF) has seen a reduction in fighter squadrons due to the phasing out of ageing MiG-21, MiG-23 and MiG-27 aircraft. The Parliamentary Standing Committee on Defence acknowledged the "shortage" and highlighted the multi-pronged approach being taken to address it. This includes the induction of indigenous Tejas fighters and the procurement of additional LCA Mk-1A aircraft. The report also addresses concerns over "incidences of spying" within the IAF and details the action taken against those involved.
If you have any grievances or disputes regarding the demand stated in the notice, consider seeking professional help.
The defence ministry said the proposals approved by the DAC included one on procurement of 7.62x51 mm light machine gun and another on acquisition of weapons MH-60R helicopters of the Indian Navy.
A summary of Friday's action in the Davis Cup group stage matches.
The party has contested the reassessment proceedings, claiming they were barred by limitation.
First things first: For those wondering if they need to reapply, the answer is no.
A total of nine procurement proposals were approved by the Defence Acquisition Council headed by Defence Minister Rajnath Singh, officials said.
'Tax is not required to be deducted from specified payments if a recipient files a self-declaration with the deductor for no deduction of tax.'
Taxpayers seeking to save tax from the sale of gold (including inherited) should reinvest the capital gains in residential property to avail of the benefit provided by Section 54F.
The defence ministry said 98 per cent of the total procurement worth Rs 2.23 lakh crore will be sourced from the domestic industries.
'Discussions are on' within the saffron camp, and a final decision on whether to come out of the ruling coalition or not will be taken in one month, he claimed.
Sachin Tendulkar, VVS Laxman, and Virender Sehwag praised 'inspiration' Bopanna for his incredible achievement.
It said the acceptance of necessity accorded to the procurement by the Defence Acquisition Council noted the estimated cost of $3,072 million as provided by the US government, adding the price will be negotiated once policy approval from Washington is received.
More than 60 per cent of shareholders of edutech Byju's on Friday voted for removal of founder CEO Byju Raveendran and his family over alleged "mismanagement and failures" at what was once India's hottest tech startup, but the company dug in its heels, calling the voting done in the absence of founders as "invalid". Prosus - one of the six investors who had called the extraordinary general meeting (EGM) - in a statement said "shareholders unanimously passed all resolutions put forward for vote.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The announcement on integration of WhatsApp with its Information and Communications Technology (ICT) services was made by the CJI before a nine-judge bench headed by him commenced the hearing on the vexed legal question arising from the petitions about whether private properties can be considered "material resources of the community" under Article 39(b) of the Constitution, which is a part of the Directive Principles of State Policy (DPSP).
Karnataka high court on Wednesday refused to stay an emergency shareholder meeting called by select investors of Think and Learn Pvt Ltd -- the owner of Byju's -- to oust the company's Founder and CEO Byju Raveendran and his family from the leadership in the edtech firm. Byju's had approached the Karnataka HC seeking a stay on the EGM but the court only gave an interim relief that any resolution passed at the EGM on Friday cannot be implemented before the next court hearing. "It is further submitted that the conditions for convening the Extraordinary General Meeting (EGM) are not complied and no notice is issued as contemplated under Section 100 (3) of the Companies Act 2013," the court order said.
Amid intense scrutiny from short-sellers and regulators, Adani group stocks have seen a significant shift in their shareholder base: Relatively opaque foreign portfolio investors (FPIs) have given way to more recognisable investors and broad-based funds. The list of large public shareholders - those directly holding at least 1 per cent - is now dominated by entities, such as the state-owned Life Insurance Corporation (LIC), US-based GQG Partners, Abu Dhabi-based International Holding Company, and Qatar Investment Authority's INQ Holding.
The defence ministry on Tuesday approved the procurement of military equipment and weapons worth Rs 28,000 crore that included swarm drones, carbines and bulletproof jackets.
India on Thursday approved capital acquisition of a plethora of indigenously-developed military hardware including indigenous BrahMos missiles, marine diesel engine, artillery gun system, electronic warfare suits and utility helicopters at a cost of Rs 70,584 crore as part of a mega procurement plan.
Alcaraz missed last year's tournament with a hamstring injury
Images from Day 4 of the Australian Open in Melbourne on Thursday
The Delhi high court on Wednesday upheld an order of the Income Tax Appellate Tribunal (ITAT) refusing to stay a notice issued by the Income Tax department to the Congress party for recovery of outstanding tax of more than Rs 100 crore.
The Securities Appellate Tribunal (SAT) on Thursday quashed the markets regulator Sebi's order imposing a fine of Rs 7 crore on the National Stock Exchange (NSE) in the dark-fibre case. Additionally, the tribunal has set aside a fine of Rs 5 crore levied by Sebi on the exchange's former official Anand Subramanian. Further, it has partly set aside the regulator's order against former MD and CEO of NSE Chitra Ramkrishna, ex-official Ravi Varanasi and a few stock brokers, among others.
German seventh seed Alexander Zverev recovered from a slow start to beat former champion Stan Wawrinka 1-6, 6-3, 6-4, 6-2 in the Australian Open on Wednesday to reach his first career Grand Slam semi-final. Swiss Wawrinka, who won the first of his three Grand Slams at Melbourne Park in 2014, broke Zverev twice early in the opening set to breeze through the opening set but the 22-year-old German came roaring back into the contest.
Images from Sunday's action at the Australian Open in Melbourne.
There is a rising "trend" to scandalise courts, the Supreme Court said on Friday while issuing contempt notices, including to two advocates, for allegedly attributing motive to a Madhya Pradesh high court judge in a matter related to lease of fishing rights.
IT major Infosys on Thursday announced an extension of its digital innovation partnership with the Australian Open (AO) until the end of 2026. The extended collaboration with Tennis Australia will introduce enhanced broadcast match statistics and new initiatives to make tennis more accessible for all, while continuing to develop innovative digital stakeholder experiences, a statement said. The expanded collaboration will see Infosys and Tennis Australia continue to harness Big Data and Analytics, Artificial Intelligence, Virtual Reality and Cloud technologies to elevate the AO experience for fans, players, coaches, partners and the media, it added.
King Kohli marked his 500th international game with a sublime century, taking his count to 76!
India's Mars orbiter craft has completed eight years in its orbit, well beyond its designed mission life of six months. Plans on a follow-on 'Mangalyaan' mission to the Red Planet, however, are yet to be firmed up.
IMAGES from the FIFA World Cup Group E match played between Spain and Japan on Thursday.
Three-times Grand Slam champion Barty received her award three months after retiring from professional tennis at the age of 25.
Prashant A Bhonsle explains the tax benefits you can avail under Section 80E of the Income Tax Act.
India on Thursday approved proposals for purchasing 26 Naval variant of Rafale jets from France and procuring three French-designed Scorpene class submarines, a day ahead of Prime Minister Narendra Modi's wide-ranging talks with French President Emmanuel Macron in Paris.
The VAR system took several minutes to confirm the ball had not gone out before Mitoma's touch
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your personal income tax queries.
BJP Meghalaya in-charge Chuba Ao said the party's 'Congress mukt campaign' is valid for the state and hence the party will seek clarification from the chief minister.
A round-up of Friday's action in the Davis Cup.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
