Deductions missed in Form 16 can still be claimed while filing ITR.
There have been multiple instances of the same entity appearing as both a public shareholder as well as under the promoter classification in some listed companies. And this dual-classification happened in the same quarter, according to data compiled by primedatabase.com.
The scheme was to have come into force from the new year. However, the finance ministry has not ruled out the possibility of introducing a new identity number like UTN from the next fiscal, in addition to the permanent account number to ensure prompt verification and granting of tax credits to tax payers.
Former Sindh governor Mohammad Zubair also lashed out, alleging Naqvi dropped Pakistan's top players, leading to team's three consecutive defeats at the hands of arch-rivals India.
Investors who constantly hop between 'top-performing' funds often end up earning far lower returns than the very funds they invest in -- simply because they enter late and exit early. Best investors don't chase returns, they chase discipline, says Ramalingam Kalirajan.
Targets should avoid panicking and hang up. 'Disconnecting stops the scammers from building psychological pressure.'
The Election Commission defended its Special Intensive Revision (SIR) exercise for Bihar's voter list in the Supreme Court, calling it accurate and dismissing allegations of impropriety by political parties and NGOs.
'After close review of recent Tweets from the @realDonaldTrump account and the context around them -- specifically how they are being received and interpreted on and off Twitter -- we have permanently suspended the account due to the risk of further incitement of violence,' Twitter said in a statement on Friday.
The stock market correction seems to be encouraging more and more investors to revive their demat accounts, perhaps to start buying shares, now that the prices have eased from their recent peaks.
The National Social Security Number will be issued to the 4 crore (40 million) members covered by the scheme on the lines of the Permanent Account Number (PAN) given by the income tax department.
The revised guidelines are aimed at curbing discretionary practices by field officers, especially the tendency to seek documents not mandated under the law.
About 48 lakh demat accounts have been frozen by the two depositories, National Securities Depository Ltd and Central Depository Services Ltd, because investors failed to submit Income Tax Department's PANs.
'I noticed a nine-year-old child hugging another child every few minutes.' 'The two were sisters and were playing in their village when an armed gang attacked their village and set fire to it.' 'They hid together, only to witness their mother and father being killed.' 'Now, the older child is constantly comforting the younger one.'
Through a notification, the CBDT amended Income Tax rules and inserted Rule 114AAA, stipulating the manner of making permanent account number inoperative.
The MF investor count, which stood at around 38 million in April 2023, has surged by 19 per cent in the past year.
The Supreme Court has directed the Indian Air Force not to release Wing Commander Nikita Pandey from service. Pandey, who participated in Operation Balakot and Operation Sindoor, was denied a permanent commission despite being an expert fighter controller. The court raised concerns about the uncertainty faced by Short Service Commission (SSC) officers who are denied permanent commissions after years of service. The court emphasized the need for a system to accommodate all suitable SSC officers in permanent commissions, highlighting the excellent performance of women officers. The court has ordered the IAF to consider Pandey's case in a second selection board and has postponed the hearing to August 6.
India strongly rejected Pakistan's 'unwarranted aspersions' over United Nations processes and attempts to deflect attention from atrocities committed against children in the country and rampant cross-border terrorism, asserting that the world has not forgotten the Pahalgam attacks.
The number of active SIP accounts is nearing the 100 million milestone.
Sebi has directed the depositories to ask all the depository participants to examine the origin of accounts that did not comply with the requirement for Permanent Account Number.
As per the circular, Aadhaar is also being removed from the list of documents for correction in date of birth.
The income tax department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid tax deduction at a higher rate. As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate. Last month, the income tax department issued a circular stating that no action will be taken for short deduction of TDS in case the assessee links his/her PAN with Aadhaar by May 31.
The Election Commission of India defends its Special Intensive Revision of electoral rolls in Bihar, stating it enhances election purity by removing ineligible voters. The commission addresses concerns about Aadhaar usage, emphasizing its limited role in identity verification during the SIR-2025 exercise.
Does voter deletion controversy expose critical gaps in ECI verification procedures and safeguards protecting electoral roll integrity?
Following the disruption in the supply of rare earth or permanent magnets after China's notification on April 4, the mines ministry is planning to introduce a Rs 1,500 crore incentive scheme to recycle critical minerals, according to a top official.
HUL managing director Rohit Jawa's total remuneration in FY25 has witnessed an increase of 3.75 per cent to Rs 23.23 crore, according to the latest annual report of the FMCG major. Jawa's annual package included a salary of Rs 3.65 crore, allowances of Rs 11.45 crore, a bonus of Rs 3.78 crore and a perquisite long-term incentives of Rs 2.76 crore.
The Securities and Exchange Board of India (Sebi) on Tuesday announced that the top 500 stocks will be eligible for the same-day settlement cycle (T+0) in a phased manner. This move is seen as a fresh push to ready the market ecosystem to speed up the settlement cycle, which currently stands at T+1.
Pan card has to be submitted for financial transactions. Otherwise, tax burden will go up.
The RBI clarification followed media reports quoting a reply to a Right to Information application that suggested the apex bank has not issued any order for mandatory Aadhaar linkage with bank accounts.
SEBI will make PAN the sole identification number for all participants in the securities market, including mutual funds from July 2.
The Supreme Court on Wednesday declared that Aadhaar is constitutionally valid, but at the same time also ruled on who can seek your Aaadhaar details.
'The quality of justice is directly linked to the quality of judges -- if that suffers, justice delivery suffers.'
EPFO has allotted Universal Account Number (UAN) for portability and consolidation of all previous accounts.
Families in West Bengal allege that Delhi Police illegally detained and deported their relatives, living and working in Delhi, to Bangladesh. They claim the deportations were based on the fact that they spoke Bengali.
A key feature of the new version is to identify the people transacting on its portal by linking each user ID with the person's permanent account number (PAN), followed by a two-factor authentication through mobiles and email IDs. Those who cannot complete the KYC requirements cannot use the portal.
Congress MP Shashi Tharoor on Saturday (local time) highlighted how India responded in a measured and calibrated manner towards terror bases and headquarters in Pakistan, following the dastardly Pahalgam terror attack in which 26 people were killed.
EPFO's Central Provident Fund Commissioner K K Jalan has said that these directives shall help the body in getting the bank account details of all the members which are necessary for making UAN operational.
The amendment makes it clear that if the linking of Aadhaar is not done by the date to be notified by the govt, the account of the individual would be blocked.
The move would help in further promoting ease of doing business in the country.
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