Amit Gupta, MD, Sag Infotech, answers your personal income tax queries.
The government said it had received many representations seeking extension of time citing many difficulties due to the second wave of Covid-19 and the subsequent lockdowns. MCA has asked the registrar of companies to approve the extension of the time limit to hold the AGM.
The latest in this class is the complaint of insider trading filed by the United States Securities Exchange Commission against many individuals in a Manhattan court. The list of individuals includes Anil Kumar, a member of the much-feted Indian School of Business and reputed hedge fund manager Raj Rajaratnam.
The US regulators on Wednesday fined Citigroup, American Express, J.P. Morgan Chase & Co and Putnam Investments a combined $81.25 million for failing to provide customers with necessary information about mutual funds.
A total of 74,44,260 voters will exercise their franchise using ballot papers to elect their representatives.
The Serum Institute of India (SII) had put in an application to the Drugs Controller General of India (DCGI) in October for grant of market authorisation of Covovax for restricted use in emergency situations.
The national scheduled castes panel on Tuesday issued notices to Union human resource development secretary and IIT-Madras Director asking them to appear before it on June 8 amid a political row over de-recognition of a students' body comprising mostly dalits.
US market regulator Securities and Exchange Commission has charged Countrywide Financial founder Angelo Mozilo and two former executives with securities fraud. Mozilo, who is the former chief executive of financial services entity Countrywide along with David Sambol and Eric Sieracki, have been charged with fraud for misleading investors about the significant credit risk taken by the company.
The agency recorded his statement under criminal sections of the Prevention of Money Laundering Act (PMLA), officials said.
The Subject Expert Committee on COVID-19 examined the data and deliberated on the EUA application on Monday.
India has been in touch with all parties concerned as part of overall global efforts to bring down the tensions.
Leading brewer Anheuser-Busch InBev will pay USD 6 million (Rs 40.2 crores) to the American authorities for settling charges of making "improper payments" to government officials in India to push sales and production.
The New York Stock Exchange-listed Indian IT major Satyam Computer Services' founder and then-chairman Ramalinga Raju had shocked the world three weeks ago on January 7 with the disclosure of a massive financial wrongdoing to the tune of over a billion dollar at the company. This was followed by the NYSE suspending trading in Satyam shares the very same day.
Earlier in the morning, race walkers Khushbir Kaur and Manish Singh finished creditable fourth and sixth respectively in the 20km race.
'I am ecstatic as I believe this is not my victory but it is a win for the people of the country who have a right to freely express themselves. It is the victory for everyone who uses the internet and social media.' 'I think the internet is all about self regulation, and as long it is about people expressing themselves and not causing any criminal harm to anyone, it should be allowed.' Shreya Singhal, whose PIL resulted in Section 66A of the IT Act being struck down by the Supreme Court, speaks to Upasna Pandey.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your income tax queries.
Authorities in Latur have imposed an order prohibiting the gathering of more than five persons in areas around water storage tanks to avoid any possible violence over water.
Imam in his fresh bail plea stated that since the apex court has put sedition (Sec 124-A) in abeyance, his case has improved for grant of bail.
Hedge funds maximise absolute returns using a broad range of strategies including unconventional and liquid investments. Quoting people familiar with the matter the Wall Street Journal said: "The Securities and Exchange Commission ordered more than two dozen hedge funds to turn over trading information as it ramps up its investigation into whether traders were spreading rumours to manipulate shares."
Lok Sabha Speaker Meira Kumar's secretary A P Pathak was on Friday removed from his post shortly after the Central Bureau of Investigtion searched his premises in an alleged disproportionate assets case during which the agency claimed to have recovered documents of properties worth crores of rupees.
Asian Games medallist Tintu Luka ruled the track on the final day of competition at the 35th National Games, smashing an 18-year-old meet record to win the 800 metres gold before inspiring Kerala to the 4x400m title in Thiruvananthapuram on Friday.
The SFJ pushed for Sikh Referendum 2020 as part of its separatist agenda. It openly espouses the cause of Khalistan and in that process challenges the sovereignty and territorial integrity of India, another official said.
Quartermiler Mohammad Anas and long jumper Ankit Singh booked their Olympic tickets with national record shattering efforts while 200m specialist Srabani Nanda also qualified for the Rio Games in various competitions aboard on a memorable day for Indian track and field athletes on Sunday.
A multi-storeyed historic guest house in posh Malabar hill was pulled down in Mumbai on Monday by a modern implosion technique employed for the first time in this metropolis.
"In democracy, a political party cannot be stopped from functioning by sealing its office", observed the Supreme Court Monday as it dismissed the plea of ousted All India Anna Dravida Munnetra Kazhagam leader O Panneerselvam (OPS) against the Madras high court order directing him to hand over the keys of party headquarter to party chief K Palaniswami.
Two incidents of hurling of crude bombs were reported in Sealdah and Khanna areas of Kolkata, and police contingents were rushed to the spot to bring the situation under control, a State Election Commission official said.
As many as 40,000 units of the much-hyped handset launched exclusively on Flipkart, was sold out within 4.2 seconds, said company head Hugo Barra on Twitter.
The US markets regulator is investigating Mark Hurd's departure from Hewlett-Packard Co as part of a broad inquiry that will also look into claims that the former chief executive leaked inside information on a multi-billion dollar deal, says a media report.
The latest trend issued by the State Election Commission showed the BJD had already won or was leading in 762 Zilla Parishad seats, as compared to BJP's 46 and Congress's 36 seats.
The country's gross domestic product (GDP) is likely to grow at 5.8 per cent in the third quarter of fiscal 2022, according to an SBI's research report- Ecowrap. The country's economy expanded by 8.4 per cent in the second quarter of 2021-22, to cross pre-pandemic levels. However, the GDP growth in July-September period was slower than the 20.1 per cent expansion in the previous quarter.
The court ordered all parties to avoid taking any unconstitutional measures and adjourned the hearing until Monday.
India began their campaign in the World Athletics Championships on a disappointing note with sprinter Dutee Chand and quartermiler Muhammed Anas Yahiya crashing out in the first round heats in London on Saturday.
Computer maker Dell said it has agreed to pay $100 million in a settlement with US regulator Securities Exchange Commission following a probe into the company's accounting methods and its relationship with chipmaker Intel Corp.
Equities went into a tailspin on Wednesday after the Reserve Bank surprised the market with a mid-cycle rate hike in a bid to tame soaring inflation.
'There is a loss of camaraderie .. no one speaks unless i'ts work related .. it's like a laboratory where some rather deep scientific experiments abound.'
The forthcoming budget needs to delay fiscal consolidation, instead should focus more on supporting the pandemic battered-economy and boost consumption demand by offering income tax soaps and cutting fuel taxes, says a report. In a pre-budget report, India Ratings said it expects the new budget to consolidate and strengthen the plan set out in the last budget, rather than trying out new things by continue with the revenue and capital expenditure pattern of FY'22 to provide stability and consolidation to the past/ongoing efforts, and to focus on boosting demand by generating employment opportunities in areas/sectors that have been impacted more by the pandemic. The report therefore expects the finance minister to delay fiscal consolidation and make it to be a gradual and calibrated process, thus ensuring the necessary fiscal support that the economy needs is available till the recovery acquires its own momentum.
Sprinter Revathi Veeramani is part of the 4x400m Indian mixed relay team in the Tokyo Games, starting July 23.
Homegrown auto major Mahindra & Mahindra unveiled its concept electric sports car 'Halo' which it expects to launch commercially in the next three years.
