September 15 is the deadline for paying the second instalment of advance tax. This is income-tax (I-T) taxpayers need to pay every quarter, instead of a lump sum at the end of the year. Ashutosh K Srivastava, senior associate, SKV Law Offices, says, "The tax has to be usually paid when income is earned. "Nonetheless, according to the I-T Act, the taxpayer has to estimate his income for the entire financial year. Based on that, he/she pays tax at specific intervals."
'Poker trains you a lot of skills that chess also prepares you for.' 'The most vital is restraint.' 'You may have seen us, chess players, keeping a blank expression or 'poker face'.' 'The idea is to not give away any information to your opponent.'
Pakistan's cricket authorities are making strong attempts to invite a Commonwealth XI side this year in a bid to revive international cricket in the country.
Former Pakistan batsman Nasir Jamshed has been sentenced to 17 months in prison for his role in a fixing scandal, Britain's National Crime Agency (NCA) said. The former Test opener was banned for 10 years by an anti-corruption tribunal in 2018 for his part in the spot-fixing scandal that engulfed the Pakistan Super League (PSL) in 2017.
Another regret that rankles is that he is yet to play international cricket at home with his countrymen cheering.
It is no secret that in 2016, head coach Waqar Younis wanted Butt in the team but the then captain of white ball cricket formats, Shahid Afridi opposed having him in the team.
Pakistan's former Test captain and commentator Ramiz Raja on Tuesday claimed that England's Alex Hales might have shown symptoms of the dreaded coronavirus which resulted in the Pakistan Super League being postponed at the semi-finals stage. Hales, who played for Karachi Kings in the league, left early for home a few days ago with other English players after the outbreak of the virus in Pakistan.
Australian Cricketers Association chief Todd Greenberg has assured the country's cricketers that he will travel to Pakistan
Custodian of cricket laws, the Marylebone Cricket Club (MCC), will play one 50-over game and three T20 matches during their upcoming tour of Pakistan, beginning on Thursday. MCC president Kumar Sangakkara will captain a 12-member squad for the tour, which includes the likes of Ravi Bopara, Roelof van der Merwe and Ross Whiteley.
Sarfaraz, Imad Wasim dropped from Pakistan white-ball squad vs Australia.
Attention to details is paramount when filing income-tax return (ITR). By mid-June, employees receive Form 16 from their employers. The first step in filing ITR is to compare Form 26AS with Form 16. If there are discrepancies in the figures quoted in the two documents, they need to be rectified.
Umar Akmal was suspended hours before his PSL team Quetta Gladiators was to take on Islamabad in the opening match of the 2020 edition on Thursday.
Tax benefit on WFH expenses, regulatory clarity on cryptos figure high on their wish list.
'Tenants who pay rent above the threshold limit must be extra cautious about TDS fillings.'
Pakistan has sought advice from the England & Wales Cricket Board (ECB) on creating a bio-secure environment
West Indies all-rounder Andre Russell has expressed his willingness to play the second season of the Pakistan Super League (PSL) in the country, but said he is too scared to travel to Pakistan amidst safety and security concerns.
The 48-year-old Aaqib, who had also coached the UAE national team in ICC events, said that poor coaching and management decisions led to Pakistan having a bad tour of New Zealand.
You can avail of tax deduction on expenses incurred on preventive health check-ups. This provision is beneficial to younger people who don't exhaust their Section 80D limit with their health insurance premium.
Housing finance major HDFC on Monday reported a 16 per cent growth in standalone net profit to Rs 3,700 crore for the January-March quarter, helped by record loan sales on the back of benign interest rates and the resultant fall in cost of funds along with the near-total repayments that culled provisions and credit costs. For the full year, the company, which is working on a reverse merger with its banking subsidiary, has booked a net profit of Rs 13,742 crore, up from Rs 12,027 crore in FY21, vice-chairman and chief executive Keki Mistry said on Monday in an earnings call with analysts. On a consolidated basis, net profit for the quarter surged 21.6 per cent to Rs 6,892 crore on-year and for the full year it jumped 21 per cent to Rs 22,595 crore, Mistry said and guided towards better days.
PCB completes first phase of COVID-19 vaccination for players and support staff. In the first phase, 57 men players, 13 officials of the men's team and 13 NHPC men and women coaches were vaccinated.
HDFC and HDFC Bank's merger - touted as India's biggest-ever corporate merger - pumped up shares of the two entities on the bourses. Shares of Housing Finance Development Corporation (HDFC) skyrocketed 9 per cent while those of HDFC Bank zoomed 10 per cent. In comparison, the benchmark S&P BSESensex and the Nifty50 indices settled 2.2 per cent higher on Monday.
Involving the tainted trio of Salman Butt, Mohammad Asif and Mohammad Amir will be 'extremely dangerous' for the reputation of the inaugural Pakistan Super League (PSL), former captain Ramiz Raja has said.
'I was confident pre-tournament itself that he would deliver when needed.'
Sharjeel's lawyer Shaighan Ejaz confirmed that a decision has been taken to appeal the ban but on what grounds the appeal would be filed would be decided after the full order of the tribunal comes out by September 7.
Pakistan show rare consistency to scale T20 summit
PCB chairman Ehsan Mani told a National Assembly standing committee meeting that the board paid each West Indian player around $ 25,000 to come for the tour.
Failure to do so leads to incorrect filing and under-reporting of income, with adverse consequences, advises Bindisha Sarang.
Hazlewood to miss out again as Australia announce unchanged playing XI for final Test
The Pakistan Cricket Board has said it will take up with the Board of Control for Cricket in India the 'regrettable' removal of pictures of its former players at a couple of venues in India, owing to the Pulwama terror attack.
The south Asian country has remained largely starved of international cricket since the 2009 attacks on a bus carrying Sri Lankan cricketers in Lahore, wounding six players and a British coach and killing eight Pakistanis.
Mani said if the Indian team visits its neighbours, it will be a 'big breakthrough' for Pakistan cricket.
Pakistan's former captain Shahid Afridi rued the absence of top players from his country in a 'big platform' like the Indian Premier League.
'It's unfair to compare different people. He's a guy who will always come and be a power hitter and hit it a long way'
The Pakistan Cricket Board on Monday banned Umar Akmal from all forms of the game for three years, two months after initiating an anti-corruption investigation against the batsman. The PCB had not revealed the specific reasons for initiating the probe against the batsman but had charged him for two breaches of Article 2.4.4 of the Board's Anti-Corruption Code in two unrelated incidents in February this year.
A third man has been arrested in relation to an ongoing investigation into possible corruption in Pakistani cricket, Britain's National Crime Agency (NCA) said.
Akhtar criticised De Villiers for preferring cash-rich leagues when he should have made himself available for South Africa.
England must tour Pakistan in 2022 reciprocating the visit of Azhar Ali and his men despite the coronavirus pandemic, Pakistan pace great Wasim Akram said.
The Pakistan Cricket Board has included opener Sharjeel Khan and fast bowler Muhammad Sami in the squad for the upcoming Asia Cup and World T20 tournaments after injuries to Babar Azam and Ruman Raees.
Zimbabwe Cricket Union has approached the International Cricket Council for a loan to bail the board out of a financial crisis, which has also put the Pakistan team's tour to that country in serious doubt.
'It's Test cricket and (Shannon) is an emotional guy trying to do everything he can to win a Test match. Sometimes people say things on the field that they might regret'