The issue of extradition of Vijay Mallya and Nirav Modi figured in a virtual summit between India and the UK on Tuesday, with Prime Minister Narendra Modi asserting that economic offenders should be sent back to the country at the earliest for trial. India has been pressing the United Kingdom to extradite Mallya and Modi to face trial in India for their alleged involvement in cases relating to financial fraud. At a media briefing, joint secretary in the Europe West division in the ministry of external affairs (MEA) Sandeep Chakravorty said British Prime Minister Boris Johnson has mentioned that the authorities in the UK will do whatever possible to make sure that the economic offenders are extradited.
The new AIS is expected to make the taxpayer's task of filing ITR easier and faster, points out Bindisha Sarang.
Delhi done in by poor batting as Karnataka win by 4 wickets
Zohnerism drives our daily consumption of news and shaping our understanding of most issues, warns Sandeep Goyal.
A summary of Day 2 action in the Ranji Trophy matches, played at various venues across the country.
The income tax department on Tuesday said its new utility developed to help TDS deductors and TCS collectors identify non-filers or "specified persons" on whom higher rate of taxes will be levied will help ease compliance burden. From July 1, non-filers of income tax returns for the past two fiscal years would be subjected to higher tax deducted at source (TDS) and tax collected at source (TCS) rate if such tax deduction was Rs 50,000 or more in each of those two years. The provision was introduced in the 2021 Budget. The TDS deductors and TCS collectors would be required to check on the functionality of the PAN of the vendor from whom TDS is to be deducted or TCS to be collected, only at the beginning of the financial year.
A week after the Income Tax Department's much publicised new e-filing portal went live, users continued to face technical glitches ranging from longer than usual logging time, inability to respond to notices and not all features functioning yet, chartered accountants said on Monday. The new portal, "http://www.incometax.gov.in/"www.incometax.gov.in, was launched last Monday (June 7), which the tax department as well as the government said was aimed at making compliance more taxpayer-friendly. But users complained of technical issues facing the site from the very first day and not everything has been fixed even after a week, chartered accountants (CAs) said, adding that taxpayers are unable to view past e-filed returns and many features/ facilities continue to be marked 'coming soon'. Finance Minister Nirmala Sitharaman herself had asked Infosys - the vendor which created the portal - and its Chairman Nandan Nilekani to fix the technical glitches.
The faculty and students of Jawaharlal Nehru University alleged that over 10 students, including the visually and physically challenged, were injured due to the "brutality" of police personnel who severely baton charged them during their protest against the hostel fee hike on Monday, even as the Delhi Police denied the accusations.
Small-cap funds have enjoyed a massive run-up over the past year. The category has turned in an average return of 109 per cent - the best-performing fund has yielded a humongous 201 per cent. Many investors, however, are concerned whether the category has turned risky after such a sharp rise.
A record GST tax collection, an overhaul of the income tax return filing portal and the landmark move to scrap retrospective taxation have set the stage for the next level of reforms in tax administration that include bringing a framework for cryptocurrencies and rationalising the GST rate structure. With tax reforms such as faceless assessment taking roots, 2021 will go down as the year that pivoted the tax administration in a country aspiring to become the world's favourite investment destination. The task ahead is going to be a tough one as the tax department would grapple with taxing cryptocurrencies, rationalising Goods and Services Tax (GST) rates to shore up revenues and post June 2022, the scenario of how the GST revenue plays out for states without the Centre's support of compensation.
Lawyers say compensation may be an uphill task for investors because of a lack of judicial precedent and broader institutional difficulties.
Summary of sports events and persons who made news on Wednesday
As per the survey, 7 per cent of employers anticipate an increase in payrolls, 3 per cent forecast a decrease and 54 per cent expect no change.
Summary of all Ranji Trophy matches played on Saturday
As Kangana Ranaut plays Jayalalithaa in the biopic Thalaivi, we take a look at other actresses who played onscreen goddesses.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Investing merely on the basis of past return can land you in trouble even in debt funds, a supposedly safe asset class, suggests Sarbajeet K Sen.
A vast majority of employees do just the bare minimum that ensures they escape censure or reprimand, such that they are seen to be doing their bit, without coming in the cross-hairs of the HR team for under-performance, observes Sandeep Goyal, managing director, Rediffusion.
A round up of the fourth and final day's action of the Ranji Trophy matches on Sunday.
'I would like to work with certain people, which is not happening. I am still struggling.' 'There are people in this industry who want to work only with their favourite people.'
We asked you to tell us your reason for choosing not to vote. This is what our readers shared.
Sandeep Shanbhag, a chartered accountant and director of Wonderland Consultants, a tax and financial advisory firm, discussed the impact of Budget proposals in a chat with Rediff.com's readers.
The 11th edition of the Indian Premier League will commence, on Saturday, April 7 and will end on 27th May
The Election Commission has done its homework pretty well on political hashtags, observes ad guru Sandeep Goyal.
Royal Challengers Bangalore will have rise to the occasion when they take on the already-eliminated Delhi Daredevil
Daredevils can be the banana peel and Mumbai Indians will be wary after Chennai Super Kings slipped in their penultimate game. The last time the two teams faced off, the Daredevils won by seven wickets in a last-over thriller.
Daredevils once again had a stop-start campaign in the ongoing IPL and are standing on the verge of yet another early elimination.
'It says, we are not just an overseas player -- we are Kia India and here for good'
They respectively won the men's and women's 100 metres at the Federation Cup athletics championships.
In recent months, three companies - PC Jeweller, Vakrangee and Kwality - decided to withdraw their share buyback proposals
'The attention economy is making it economically valuable for us to spread our attention thin', observes ad guru Sandeep Goyal.
Aseem Chhabra picks the finest Indian films in the 2010-2019 decade.
Chennai Super Kings will be aiming to tie up loose ends ahead of the play-offs when they take on a listless Delhi Daredevils
Delhi Daredevils will have to learn from the mistakes made in the previous game against table-toppers Sunrisers Hyderabad
For now, Bounce, Shuttl, Fab Hotels, Instamojo, Zomato, Curefit, and HealthifyMe, among others, are going for salary deductions. Most of the consumer internet start-ups, besides those who are in the grocery delivery, education tech, and video conferencing business, would ultimately lay-off people and cut back salaries.
The recent circular follows the 'true-to-label' concept, but large funds in the multi-cap category may be forced to merge in the absence of sufficient small-cap options.
It was another Ranji Trophy match at Bansi Lal Stadium that turned out to be farcical contest as Baroda beat Bengal by 21 runs with 40 wickets falling well inside two days.
A round-up of all the Ranji Trophy matches played on Friday.
We round off the week with some good, bad and ugly looks.
The bank can declare a withdrawal by you as illegal and deny any remedy in case a problem arises.
