the processing of the returns to determine refunds is an ongoing and continuous process and a return can be processed up to one year.
Congress leader Rahul Gandhi appeared before the Enforcement Directorate (ED) on Wednesday for the third consecutive day of questioning in the National Herald money laundering case, with the agency seeking answers on decisions taken with regard to the media organisation and its owner Young Indian.
The climate for 'doing business' remains forbidding, taxtortion is still rife, corruption at state and district levels has increased, oil prices remain extortive with high taxation, and the continued red tape has kept the enterprise system as stifled as before, points out Debashis Basu.
Only investors with a higher risk appetite should enter these funds.
'The most important thing to do is to stop taxing citizens so brutally,' recommends T C A Srinivasa-Raghavan.
The AG said that due to Aadhaar, government has saved over Rs 50,000 crore on the schemes to benefit the poor as well as the pension schemes.
In a post in Hindi on X, Gandhi accused the prime minister of twisting his words and said he was speaking about the power of which Modi was wearing the mask.
Premises of former Karnataka chief minister B S Yediyurappa's close aide Umesh were among those raided by Income Tax sleuths in the State on Thursday.
West Bengal Chief Minister Mamata Banerjee on Saturday accused NIA officials of attacking villagers in Purba Medinipur district, the BJP hit back at her saying that the attack on the NIA officials is Sandeshkhalli 2.0 orchestrated by the state.
Income Tax officials, who had conducted raids at the residence and business establishments of Malayalam superstar Mamooty, questioned him for nearly seven hours till early on Saturday morning. The actor, who returned from Chennai at 9 pm on Friday night, was questioned by IT officials at his residence at Panampilly Naagar in Kochi till 3 am on Saturday. A large number of Mammooty fans had gathered at the airport to express solidarity with the actor when he arrived in Kochi.
There are tell-tale signs of a slide in the quality of Budgets presented by the current administration, says Parthasarathi Shome.
Initially, she was summoned by the agency on Monday but it was deferred by a day.
A Delhi court on Tuesday sent to 10-day judicial custody NewsClick founder Prabir Purkayastha and human resources department head Amit Chakravarty, arrested in a case lodged under anti-terror law UAPA over allegations that the news portal received money to spread pro-China propaganda.
Three persons are being questioned in connection with the massive seizure.
The Enforcement Directorate has issued a fresh summons to Trinamool Congress member of Parliament Abhishek Banerjee, asking him to appear before it for questioning on March 29 in a money-laundering case linked to an alleged coal scam in West Bengal, officials said on Thursday.
A case was registered against Burman under the Income Tax Act for the offences relating to concealment of income and tax evasion.
The case was registered recently to probe alleged financial irregularities in the party-promoted Young Indian that owns the National Herald newspaper.
The two-wheeler segment has shown signs of recovery in the first half (H1) of calendar year (CY) 2024, largely driven by improving performance in rural areas. According to the Federation of Automobile Dealers Associations, rural contribution to two-wheeler sales surged by 57-60 per cent in the April-June quarter of 2024-25, indicating a rising demand in these regions. Experts believe that this trend will continue, supported by a favourable monsoon season and government initiatives aimed at rural development.
While managing rising EMIs can be challenging, the right strategy can help individuals can ease their financial burden, says rediffGURU and financial planning expert, Colonel Sanjeev Govila (retd).
An Income Tax department team will fly down from Chennai on Wednesday to question former telecom minister A Raja in Tihar jail, for his alleged involvement in the 2G spectrum allocation scam.
The British government has strongly defended the BBC and its editorial freedom in Parliament after the Income-Tax department's survey operations on the United Kingdom-headquartered media corporation's New Delhi and Mumbai offices over three days last week.
Any company resident in a country has to pay both indirect taxes as well as Income Tax.
The meeting is believed to be called to chalk out the strategy of the Opposition in Rajya Sabha on Monday.
For women, it is important to build an emergency fund and a financial independence fund independent of the couple's joint goals and plans.
Government has refused to acknowledge Arvind Kejriwal's charges.
The CBI has registered a case related to the alleged diversion of fertilisers meant for farmers against Agrasen Gehlot, Rajasthan Chief Minister Ashok Gehlot's brother, and 14 others, and carried out searches at his Jodhpur home and 16 other locations in three states, officials said.
In 2005, Koda had movable assets worth Rs 13 lakh, and by 2009, they rose to over Rs 94 lakh. His immovable assets also doubled to over Rs four lakh during this period. These disclosures were made by Koda himself -- first in the affidavit he filed with the Election Commission at the time of contesting the assembly elections in 2005 and then earlier this year when he fought the Lok Sabha polls.
It is just a question of providing an additional facility to the taxpayer that if he is not quoting PAN and only has Aadhaar, his filing and processes do not get affected, said CBDT chief.
India's recently-enacted agri laws have the potential to increase farmers' income, but there is a need to provide a social safety net to the vulnerable cultivators, IMF's Chief Economist Gita Gopinath has said. Indian agriculture is in need of reforms, she said. There are multiple areas where the reforms are needed, including infrastructure, the chief economist of the Washington-based global financial institution said on Tuesday. The three agri laws, enacted in September last year, have been projected by the Indian government as major reforms in the agriculture sector that will remove middlemen and allow farmers to sell their produce anywhere in the country.
The DMK also warned of legal action against those who attempt to link Sadiq with either the party or its leaders.
Do you have financial planning queries? Ask rediffGURU Kirtan A Shah.
Salaried individuals may not need to file revised returns as they have only one source of income and there are lesser chances of erring while filing returns
'This decision to go with the BJP is Kumaraswamy's individual decision and not a party decision.'
Incomes such as dividend, interest on tax-free bonds, eligible gifts, etc should also be reported even though they are tax exempt, suggests Sanjay Kumar Singh.
ELSS are mutual funds that invest in the stock market and give the tax benefit under Section 80C of the Income Tax Act.
The middle class is a big force to fulfil dreams of a prosperous and developed India and our government has taken many decisions to empower it, the prime minister said.
The government now ends its mandate with reaffirmation in the vote-on-account of the same goals, for which it claims to have a clear line of sight.
Shivakumar's lawyers Abhishek Manu Singhvi and Dayan Krishnan opposed the ED's plea for custodial interrogation saying that he had joined the probe and never absconded.
Cristiano Ronaldo will avoid serving a 23-month prison sentence after agreeing a deal.
