News for 'Central Board of Direct'

Mumbai local mishap: 'Something hit our compartment'

Mumbai local mishap: 'Something hit our compartment'

Rediff.com9 Jun 2025

An eyewitness to the horrific suburban railway mishap in Maharashtra's Thane district on Monday morning said the chain of events began after someone in the coach ahead of his either fell after hitting a wall or 'something hit our compartment'.

'Everybody wants publicity': SC says no to fresh pleas against Waqf law

'Everybody wants publicity': SC says no to fresh pleas against Waqf law

Rediff.com16 May 2025

As soon as one of the pleas came up for hearing on Friday, Solicitor General Tushar Mehta, appearing for the Centre, objected and said there can't be an "endless" filing of pleas challenging the Act.

Kangana's film 'Emergency' can be released if...: CBFC

Kangana's film 'Emergency' can be released if...: CBFC

Rediff.com26 Sep 2024

The biographical drama is caught up in controversy after some Sikh organisations including the Shiromani Akali Dal objected, accusing it of misrepresenting the community and getting historical facts wrong.

No More ITR-2 for LTCG Up To 1.25 Lakh

No More ITR-2 for LTCG Up To 1.25 Lakh

Rediff.com2 May 2025

Until now, salaried individuals having income under the head LTCG were required to file Form ITR-2.

Crew of Iraqi vessel denied entry at Karwar port as per 'Centre's orders'

Crew of Iraqi vessel denied entry at Karwar port as per 'Centre's orders'

Rediff.com16 May 2025

The crew of an Iraqi cargo vessel were denied permission to disembark at Karwar port in Karnataka by the coastal security authorities as per special instructions given by the central government "after the Pakistan incident", Karnataka Home Minister G Parameshwara said on Friday.

Who is Justice Yashwant Varma, at centre of cash discovery row?

Who is Justice Yashwant Varma, at centre of cash discovery row?

Rediff.com22 Mar 2025

The 56-year-old judge, enrolled as an advocate in 1992, was appointed as an additional judge of the Allahabad high court on October 13, 2014 and took oath as a permanent judge of that court on February 1, 2016.

The Train Action That Inspired Bhagat Singh

The Train Action That Inspired Bhagat Singh

Rediff.com11 Aug 2025

One hundred years ago, a group of 10 revolutionaries carried out an operation that shook the British Empire. Utkarsh Mishra revisits the 'Kakori Conspiracy Case', a turning point in the armed struggle for independence.

Air India flight fell on ground right after take-off

Air India flight fell on ground right after take-off

Rediff.com12 Jun 2025

The Air India plane AI-171 from Ahmedabad to London crashed immediately after take-off from the Sardar Vallabhbhai Patel Ahmedabad airport on Thursday, as per the Gujarat State Police Control Room.

SC slams K'taka govt, paves way for Kamal's Thug Life release in state

SC slams K'taka govt, paves way for Kamal's Thug Life release in state

Rediff.com17 Jun 2025

The Supreme Court on Tuesday came down heavily on the Karnataka government over actor Kamal Haasan's film "Thug Life" not being released in the state, saying mob and vigilantes cannot be allowed to take to the streets.

4 killed after falling off overcrowded local trains in Thane

4 killed after falling off overcrowded local trains in Thane

Rediff.com9 Jun 2025

The incident occurred between Diva and Kopar railway stations when the overcrowded train was going towards Kasara, an official said.

AI Crash Report Raises More Questions: Pilots

AI Crash Report Raises More Questions: Pilots

Rediff.com14 Jul 2025

Pilot groups have accused the AAIB of portraying the pilots as responsible for the incident, with vague and selective presentation of cockpit conversations.

Net direct tax collection grows 19% so far in FY24

Net direct tax collection grows 19% so far in FY24

Rediff.com11 Jan 2024

The net direct tax collection so far this fiscal rose 19.41 per cent to Rs 14.70 lakh crore, reaching about 81 per cent of the full-year target, the income tax department said on Thursday. "The provisional figures of Direct Tax collections up to January 10, 2024, continue to register steady growth," the Central Board of Direct Taxes (CBDT) said in a statement. Direct Tax collection, net of refunds, stood at Rs 14.70 lakh crore which is 19.41 per cent higher than the net collection for the corresponding period of last year.

Wrong ITR Form Can Delay Tax Returns

Wrong ITR Form Can Delay Tax Returns

Rediff.com27 May 2025

The return filed could be treated as defective, invalid, or even be considered as not filed at all.

'Railways Has Been Hell Bent On Breaking The Law'

'Railways Has Been Hell Bent On Breaking The Law'

Rediff.com29 Jul 2025

'The Railways is today running train services with 30% less number of loco pilots.'

'Marathis Are Anxious About Survival'

'Marathis Are Anxious About Survival'

Rediff.com21 Jul 2025

'Maharashtrians are facing a dual battle -- numerical battle with North Indians and financial battle with Gujaratis and Marwaris.' 'This has created anxiety about survival and ownership over Mumbai and Maharashtra.'

RBI directs gold loan providers to review policies and practices

RBI directs gold loan providers to review policies and practices

Rediff.com1 Oct 2024

The Reserve Bank of India (RBI) on Monday directed banks and non-banking financial companies (NBFCs) offering gold loans to thoroughly review their policies, processes, and practices to identify any gaps. The central bank also told them to closely monitoring their gold loan portfolios amid significant growth observed in this segment vis--vis some lenders. Additionally, the RBI, through a circular, instructed these lenders to ensure adequate controls over outsourced activities and third-party service providers.

If Your Mutual Fund Shuts, Is Your Money Safe?

If Your Mutual Fund Shuts, Is Your Money Safe?

Rediff.com16 Jul 2025

Your AMC shuts shop. Panic? Wait. What happens next isn't what most fear.

After CEO exit, RBI okays IndusIndexecutives' panel to run the show

After CEO exit, RBI okays IndusIndexecutives' panel to run the show

Rediff.com1 May 2025

The Reserve Bank of India (RBI) has approved IndusInd Bank's request to form an executive committee to discharge the duties and responsibilities of the chief executive officer (CEO) for a period of maximum three months or till a new CEO takes charge, whichever is earlier.

Startups face I-T department heat over funding through Singapore

Startups face I-T department heat over funding through Singapore

Rediff.com24 Apr 2025

The income-tax (I-T) department has issued showcause notices under Section 68 of the Income-Tax Act to several startups over funds routed through Singapore, seeking explanations for investments received over the past five years, people familiar with the development said. The department is questioning the source, identity, and creditworthiness of overseas investors in these transactions, they said.

CBDT Uncovers Rs 290 Bn Foreign Assets

CBDT Uncovers Rs 290 Bn Foreign Assets

Rediff.com7 Mar 2025

In September last year, India received financial information from over 108 countries regarding foreign accounts and income in the form of interest and dividend earned outside India.

TMC, BJP spar over 'detention' of Bengali migrant workers in Odisha

TMC, BJP spar over 'detention' of Bengali migrant workers in Odisha

Rediff.com11 Jul 2025

The Trinamool Congress on Friday accused the Bharatiya Janata Party of spreading lies and criminalising poverty over the detention of Bengali-speaking migrant workers in Odisha, while the saffron party charged the Mamata Banerjee dispensation with providing shelters to illegal immigrants.

Kangana Ranaut's 'Emergency' gets censor certificate

Kangana Ranaut's 'Emergency' gets censor certificate

Rediff.com17 Oct 2024

The film was scheduled to hit theatres across the country on September 6 but couldn't keep its date as it didn't get clearance certificate from the censor board, which is important for the public exhibition of films in India.

How Will Nuns' Arrest Affect Kerala Politics?

How Will Nuns' Arrest Affect Kerala Politics?

Rediff.com6 Aug 2025

The current situation in Kerala politics is perhaps best described as a case of the state's traditional two front politics now seeing a third front (the BJP) muscling in with the potential outcome being either a messy three front affair or a renewed endorsement of the two front pattern but with one of the old fronts compromised or quashed, observes Shyam G Menon.

Red alert in Delhi as heat index soars to an alarming 51.9 deg C

Red alert in Delhi as heat index soars to an alarming 51.9 deg C

Rediff.com12 Jun 2025

Temperatures are likely to remain in a similar range until Thursday, with a gradual fall expected from June 13.

'From India-First To India-For-The-World'

'From India-First To India-For-The-World'

Rediff.com2 Jul 2025

'The next decade will be even more transformative,' says Prime Minister Modi. 'We are moving from digital governance to global digital leadership.'

Can't be a 'blanket stay' on Waqf law: Centre to SC

Can't be a 'blanket stay' on Waqf law: Centre to SC

Rediff.com25 Apr 2025

The Indian government has defended the Waqf (Amendment) Act, 2025 in the Supreme Court, arguing that there cannot be a blanket stay on the law as there is a presumption of its constitutionality. The Centre countered the pleas challenging the law's validity, asserting that the amendments were undertaken after a comprehensive study by a parliamentary panel. The government also highlighted the "reported misuse" of earlier provisions and the increase in waqf land, claiming that over 20 lakh hectares were added after 2013.

'India Should Reduce Tariffs For All Countries'

'India Should Reduce Tariffs For All Countries'

Rediff.com11 Aug 2025

'That way you're not hostage just to US sort of exports to India.'

No denotification of Waqf properties till May 5, govt tells SC

No denotification of Waqf properties till May 5, govt tells SC

Rediff.com17 Apr 2025

The Centre on Thursday assured the Supreme Court that it will neither denotify Waqf properties, including "Waqf by user", nor make any appointments to the central Waqf council and boards till May 5.

Govt has a right to reclaim Waqf properties: Centre tells SC

Govt has a right to reclaim Waqf properties: Centre tells SC

Rediff.com21 May 2025

The Centre on Wednesday told the Supreme Court that nobody can claim right over government land and it is legally empowered to reclaim properties which are declared waqf by using the waqf by user principle.

Undeclared foreign assets? Taxmen are here to help you

Undeclared foreign assets? Taxmen are here to help you

Rediff.com16 Nov 2024

The income tax department on Saturday said it has launched a campaign to send messages to taxpayers who have not disclosed high-value foreign income or assets in their ITRs for AY 2024-25. The Central Board of Direct Taxes (CBDT) has launched a Compliance-Cum-Awareness Campaign for Assessment Year (AY) 2024-25 to assist taxpayers in accurately completing Schedule Foreign Assets (Schedule FA) and reporting income from foreign sources (Schedule FSI) in their income tax returns (ITR).

Who excluded Kishan, Iyer from central contracts?

Who excluded Kishan, Iyer from central contracts?

Rediff.com10 May 2024

Shah reiterated the Board's position that Indian players will have to prioritise domestic cricket.

150 years of BSE: When 100 banks failed and took stockbrokers with them

150 years of BSE: When 100 banks failed and took stockbrokers with them

Rediff.com27 Apr 2025

Like with all great crashes, some had noticed the cracks. "... cash balances (of banks) seem, from the available indications, to be hopelessly inadequate; and it is hard to doubt that in the next bad times they will go down like ninepins. If such a catastrophe occurs, the damage inflicted on India will be far greater than the direct loss falling on the depositors," said John Maynard Keynes in his May 1913 work "Indian Currency and Finance", written before his path-breaking work in macroeconomics laid the foundation of dealing with global crises.

Bhushan Steel Case: Urgent Need For IBC Reforms

Bhushan Steel Case: Urgent Need For IBC Reforms

Rediff.com29 May 2025

The Supreme Court's ruling in the BPSL case exposes deep flaws in the IBC's institutional framework and raises concern about judicial overreach, notes Rajeswari Sengupta.

Gyanesh Kumar appointed as next CEC

Gyanesh Kumar appointed as next CEC

Rediff.com18 Feb 2025

Gyanesh Kumar, a 1988-batch Kerala Cadre IAS officer, has been appointed as the next Chief Election Commissioner (CEC) of India. Kumar, who was previously an Election Commissioner, will serve until January 26, 2029. His appointment comes amidst controversy as the Congress party demanded the government defer its decision until the Supreme Court concludes its hearing on a petition challenging the composition of the selection panel. Kumar's tenure will see him oversee several state assembly elections, including Bihar, Kerala, Puducherry, Tamil Nadu, and West Bengal.

Banks can now declare ex-IL&FS directors 'wilful defaulters'

Banks can now declare ex-IL&FS directors 'wilful defaulters'

Rediff.com8 Apr 2025

The National Company Law Appellate Tribunal (NCLAT) has allowed state-owned Canara Bank and Indian Bank to pursue proceedings against former IL&FS directors, who are not part of the new board, to declare them as wilful defaulter. However, the appellate tribunal said those directors who are part of the new board of Infrastructure Leasing & Financial Services (IL&FS) and its various subsidiaries after October 1, 2018, would remain protected.

Kangana defers Emergency as censors yet to clear it

Kangana defers Emergency as censors yet to clear it

Rediff.com6 Sep 2024

The political period drama, also written and co-produced by Ranaut, was scheduled to hit theatres across the country on Friday but the makers are yet to get a clearance from the Central Board of Film Certification (CBFC) and the matter is currently in court.

Muslim law board to challenge SC alimony verdict

Muslim law board to challenge SC alimony verdict

Rediff.com14 Jul 2024

After a meeting of its working committee in New Delhi, the board adopted a resolution which stated that the recent judgment of the Supreme Court on the maintenance of Muslim divorcee women is "against the Islamic law (Shariah)".

AI plane crash death toll hits 270 as families wait for bodies

AI plane crash death toll hits 270 as families wait for bodies

Rediff.com14 Jun 2025

The process of identification of victims by matching the DNA samples is currently underway, and the bodies will be handed over to their relatives once the process is complete.

ITR filing deadline for corporates extended by 15 days to Nov 15

ITR filing deadline for corporates extended by 15 days to Nov 15

Rediff.com26 Oct 2024

The income tax department on Saturday extended the deadline for filing income tax returns by corporates by 15 days till November 15 for assessment year 2024-25. In a circular, the Central Board of Direct Taxes (CBDT) said the deadline will be extended from the earlier target date of October 31. The new deadline for Assessment Year 2024-25 (for furnishing tax returns for fiscal 2023-24) is November 15.

More than 90% taxpayers may switch to new regime: CBDT chief

More than 90% taxpayers may switch to new regime: CBDT chief

Rediff.com2 Feb 2025

The Budget announcement of zero tax for earnings upto Rs 12 lakh per annum and the rejig of tax slabs across the board should prompt more than 90 per cent of individual taxpayers to embrace the new tax regime as compared to the about 75 per cent as of now, CBDT Chairman Ravi Agrawal said. Agrawal also highlighted the government's focus on "non-intrusive" tax administration through enhanced use of Artificial Intelligence (AI) and simplified tax processes for common taxpayers. He emphasized the benefits of the new tax regime (NTR), which offers simple calculations and allows taxpayers to file their ITR without professional help. The CBDT chief stated that the Budget provisions related to income tax payment benefit all income earners, not just those earning Rs 12 lakh per annum, creating a positive sentiment in the economy and propelling growth. The department is also harnessing technology, including AI and data analytics, to widen and deepen the tax base, resulting in increased compliance and tax revenue. Agrawal further highlighted the positive impact of data availability and simplified tax processes on compliance rates, citing examples of taxpayers filing revised returns and paying taxes after being prompted by the department's data analysis.