Some funds may get a direct bite of the infrastructure pie, while taxes add unwanted weight to others.
The department will impose a penalty, which could be between 30 per cent and 120 per cent.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
Justice Sanjiv Khanna, who has been part of several landmark Supreme Court judgements such as scrapping the electoral bonds scheme and upholding abrogation of Article 370, will be sworn in as the 51st Chief Justice of India on Monday.
Justice Khanna, who will serve as CJI for a little over six months, will demit office on May 13, 2025.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
rediffGURU Samkit Maniar answers readers' personal income tax queries
rediffGURU Samkit Maniar answers readers' personal income tax queries.
Mumbai accounts for the largest share of electoral bonds sold since inception.
The Bharatiya Janata Party, which pulled off a hat-trick of wins in Haryana by bucking anti-incumbency, managed to make significant inroads into the Dalit seats and Jat strongholds.
Isn't the goal of retirement planning to create a balanced portfolio that aligns with your financial goals, rather than chasing returns blindly, asks Ramalingam Kalirajan
Government unlikely to bring in an ordinance to address the developments arising out of the Supreme Court order.
The Q2FY25 revenue for Coal India (CIL) was reported at Rs 30,700 crore (down 6 per cent year-on-year or Y-o-Y and 16 per cent sequentially). The blended average selling price was Rs 1,622/tonne (down 6 per cent Y-o-Y and 3 per cent quarter-on-quarter or Q-o-Q). Adjusted operating profit stood at Rs 7,200 crore (down 20 per cent Y-o-Y and 38 per cent Q-o-Q) due to lower-than-expected e-auction volumes and higher costs.
March requires 20% jump to meet year's goal; CBDT chief tells staff to sweat it out to meet target
Failure to disclose any income can lead to penalties and legal issues.
Apart from Modi, Jaggi Vasudev to address 2-day tax officers' conference
Most of the individuals hail from Mumbai, Kolkata, Ahmedabad, Surat, and Delhi
If Maratha activist Manoj Jarange Patil drops a hint of supporting or opposing a particular coalition on the eve of polling on November 20, things may change overnight.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
'If taxpayers have not filed a belated ITR, they will be allowed to file an updated ITR from April 1, 2024.'
With the reality of coalition politics staring the BJP in its face, this was inevitable, points out Ramesh Menon.
Consolidated earnings for oil-to-telecom conglomerate Reliance Industries (RIL) may report sequential weakness, and modest year-on-year (Y-o-Y) growth in the June 2024 quarter (Q1FY25), said analysts. Lower refining margins are expected to moderate gains made from other businesses. RIL is slated to report its financial performance for Q1FY25 on July 19.
He argued that if inflation is low, stable and moving towards the 4 per cent target, why has the RBI not revised downward the bank rate fixed in June 2023?
Any bank account suspected to have been "misused" for money laundering or shell company operations won't be exempted from probe under 'Operation Clean Money' despite having low deposits, the CBDT said on Tuesday.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
The government had raised Rs 10,000 crore through the last domestic black money amnesty.
A taxpayer paying rent to his/her spouse is entitled to claim HRA benefit under relevant sections and within prescribed limits.
Operational and compliance challenges foreseen for fund houses in deducting tax at source, resulting in possible TDS mismatches and disputes with investors.
Gold monetisation scheme will help unlock value of gold.
UTI Mutual Fund has declared income distribution @12% (i.e. Rs. 1.20 per unit on face value of Rs. 10) in UTI GSF-Petro Fund.
Several residents of a housing complex built by the Vadodara Municipal Corporation (VMC) under a Gujarat government scheme have been staging protests against the allotment of a flat to a Muslim woman, saying the locality is meant only for Hindus.
The contribution from asset management companies (AMCs) has surpassed the Rs 3,000 crore target for the creation of a Rs 33,000 crore backstop facility for debt mutual funds (MFs). The initial corpus for the Corporate Debt Market Development Fund (CDMDF) is nearly Rs 3,100 crore, according to multiple government officials and AMC executives. "The fund is operational now. "The required corpus has been raised by AMCs and the remaining part (Rs 30,000 crore) is in the form of a guarantee from the government which will be activated only in case of a credit event," explained D P Singh, joint CEO and deputy MD, SBI MF.
The record date for all the schemes is June 8, 2003.
During a series of hectic talks between Cairn Energy and the Indian government over the $1.2-billion arbitration award in favour of the former last week, a slew of options was proposed by the two sides, including computation of capital gains and participation in the Vivad se Vishwas (VsV) dispute resolution scheme. The government is likely to go ahead and appeal against the arbitration award by a Permanent Court of Arbitration at The Hague before March 21, indicated finance ministry officials. Cairn Energy Plc on Sunday said it was hopeful that an acceptable solution to its tax dispute with the Indian government could be found to avoid prolonging and exacerbating the 'negative issue' for all parties.
The new 2 page form has been categorised as 'Form 6'
The best investment schemes fail if they don't offer incentives to intermediaries to push investors.
Chouhan's fate will be determined by the BJP central command's assessment of the implications of such a move ahead of the Lok Sabha elections.
A land-owning class, the Jats are a powerful community and account for 28 per cent of Haryana's population. The time, they believe, has now come for them to take revenge.
