Indian women's cricket team batter Jemimah Rodrigues' father Ivan on Friday refuted allegations that he used her membership at the prestigious Khar Gymkhana here to hold "conversion meetings" at its premises, claiming that he merely conducted prayer gatherings "in complete accordance with procedures".
If you disagree with the notice, be ready to explain.
The Income-Tax (I-T) Department nowadays provides pre-filled forms to make the filing of income-tax return (ITR) easier. Nonetheless, you must have a number of documents handy at the time of filing return so that you can cross-check the data in the pre-filled form. "Filing ITR doesn't require you to upload any document. But in case an assessing officer makes an inquiry, you will need to present documents and certificates as proof," says Deepak Jain, chief executive, TaxManager.in.
Prime Minister Modi will hold in-person meetings with President Putin for 8-9 hours during his nearly 24-hour stay in Russia, they said.
Employees should review the accuracy and completeness of the information provided in Form 16. They should confirm that all the tax deducted has been credited correctly.
The Press Registrar can carry out a physical inspection of the business premises of a periodical if the publisher fails to furnish an annual statement regularly or if a desk audit recommends such action due to "exceptional circumstances", according to the draft Press and Registration of Periodicals Rules 2024.
By acting now, you can step into 2025 with your finances in order and without unnecessary penalties.
The tax authorities may tell banks and crypto exchanges to report transactions of virtual digital assets (VDAs) as the government begins taxing gains from cryptocurrencies and non-fungible tokens from April 1. So far, the tax department has relied on voluntary disclosures on transactions of VDAs. Once implemented, the sale and purchase of digital assets will reflect in the Annual Information Statement (AIS). The AIS contains details of at least 46 of the financial transactions done by a taxpayer in a financial year.
This is the first time in decades that China has made its flight test of an intercontinental ballistic missile public in an apparent show of strategic deterrence, State-run China Daily reported.
The asset quality of microfinance portfolios worsened in the quarter ending June 2024 due to the impact of heatwaves on borrowers' incomes and collections, coupled with rumours of loan waivers, according to Sa-Dhan. Jiji Mammen, executive director and chief executive officer of Sa-Dhan, said loans with 90+ days past due (dpd) rose to 1.2 per cent in June 2024, compared to 0.9 per cent in June 2023. The 90+ dpd also increased from 1.16 per cent in March 2024.
There's clearly no limit to how dramatic a wedding can be.
'Our attempt to honour the taxpayer has been since 2014 and more actively since 2019-2020 onwards.'
The income-tax department may make a permanent account number (PAN) mandatory for cryptocurrency investors, in line with the demat account rules for stock market transactions, according to two people privy to the discussion. At present, disclosure of crypto holdings and related gains is voluntary. If tax authorities go ahead with the PAN mandate, crypto exchanges will have to furnish a statement of financial transactions (SFT) before the income-tax department.
Now, more pieces of information about your transactions and income, such as remittances received from overseas, will be uploaded in Form 26AS by the income-tax (I-T) department. This will help the taxpayer file I-T return (ITR) correctly and assist the department in detecting discrepancies, if any, in the ITR. Besides foreign remittances, these new items are interest on I-T refund, dividend from mutual funds (MFs), and purchase of MFs, among others.
The All India Tennis Association claimed that Sumit Nagal demanded an annual fee of $50,000 to play Davis Cup ties for India.
The good news is that salary hikes are expected, though it is uncertain when they will be implemented.
'A mid-year review makes the end-of-year financial review manageable and less stressful.'
Leading brokerages have revised their charges with the true-to-label norms by the Securities and Exchange Board of India (Sebi) kicking in from Tuesday.
Amul on Monday requested a woman customer in Noida to return the ice cream tub, in which she claimed to have found centipede, for further investigation and asserted that it offers superior quality dairy products in both India and global markets.
The details that have been shared include identification, account and financial information, including name, address, country of residence and tax identification number, as well as information concerning the reporting financial institution, account balance and capital income.
All the details from the meetings of the Committee of Administrators (CoA) held on July 6 and on June 29
As an investor understanding the fundamentals of the income statement will help you take an informed decision before buying new stocks.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Missing the deadline for filing Income Tax returns can lead to consequences.
Infosys has received a tax demand of Rs 341 crore for assessment year 2020-21 from the Income Tax Department, the IT services company said on Monday adding it is evaluating filing an appeal against the said order. The Bengaluru-headquartered company said it is in the process of evaluating the impact of the order on its financial statements for the quarter and year ending March 31, 2024. Infosys also said it is evaluating filing an appeal against this order.
About 1.2 trillion tax evasion cases have been detected and as many as 59,000 entities identified for verification in order to ascertain whether they are fake.
Banerjee, referring to violence-hit Bangladesh, said she would keep the doors of West Bengal open for people in distress from the neighbouring country and offer them shelter.
The income tax department on Monday launched a new portal e-filing 2.0, which will make online filing of returns and tax payment easier. The new portal -- www.incometax.gov.in -- replaces the 'http://incometaxindiaefiling.gov.in' site, and can be accessed by taxpayers in various regional languages. The income tax department also asked taxpayers to re-register their DSC (Digital Signature Certificate), update personal mobile number and email ID under 'primary contact', act on 'pending action', if any, and respond to 'outstanding demand'.
There is a sharp 19 per cent decline in Indian Americans supporting incumbent President Joe Biden between the last election of 2020 and the 2024 election cycle, according to a bi-annual Asian American Voter Survey (AAVS), the longest-running survey of Asian-American voters released on Wednesday.
Companies' annual reports can hide as much as they reveal. Investors can get early warning signals of wrongdoing by frequently speaking to other stakeholders.
Saudi Arabia said on Sunday that as many as 1,301 people died during the Hajj pilgrimage, with 'numerous cases' due to heat stress and 'unauthorised' trips accounting for over four out of five of the deaths, CNN reported.
Nasdaq-listed Cognizant Technology Solutions has signed a definitive agreement to acquire global engineering company Belcan for about $1.3 billion (Rs 10,853.7 crore) in cash and stock. The transaction is expected to close in the September quarter. The total consideration includes $1.19 billion (Rs 9,935.31 crore) in cash and 1.47 million Cognizant shares, valued at $97 million (Rs 809.53 crore) based on the information technology services provider's closing share price on June 7, 2024.
Khedkar, a 2023 batch Indian Administrative Service officer, was accused of misusing power and privileges during her training in Pune recently.
Russia on Tuesday agreed to India's demand to ensure early release and return to home of the Indian nationals working in the Russian military as support staff after Prime Minister Narendra Modi 'very strongly' raised the issue with President Vladimir Putin.
'This year overall hiring has seen a slight improvement as compared to the dip seen during the last financial year.'
'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
Many senior citizens fail to disclose certain incomes like interest, commissions, or dividends in their ITRs.
Russia on Wednesday said it is hoping for quick resolution of the issue relating to India's call for return of Indians recruited into the Russian Army as support staff and asserted their recruitment was purely a commercial matter.
Former Maharashtra minister and Shiv Sena-Uddhav Balasaheb Thackeray leader Aaditya Thackeray on Monday claimed nearly '50 people', including 'some middlemen' and personal assistants, will be part of the delegation that will travel with Chief Minister Eknath Shinde for the World Economic Forum (WEF) gathering in Davos, Switzerland.
Prime Minister Narendra Modi on Tuesday told Russian President Vladimir Putin that a solution to the Ukraine conflict is not possible on the battlefield and peace efforts do not succeed in the midst of bombs and bullets even as he flagged concerns over a missile strike on a children's hospital in Kyiv.
