The Law Commission said it values the input of all stakeholders and aims to create an "inclusive environment that encourages active engagement".
The income tax department has extended the date for filing audit report for 2023-24 by 7 days till October 7. In a circular, the I-T department said considering the difficulties faced by taxpayers in electronic filing of various audit reports under the Income Tax Act, the deadline is being extended from September 30 to October 7.
A taxpayer who does not revise their return within the stipulated deadline would be stuck with the original return, including its errors.
Residents of Tarpura village near Pithampur, Madhya Pradesh, are protesting against the incineration of 337 tons of toxic waste from the 1984 Bhopal gas tragedy at a local facility. They fear the process will be hazardous to health and the environment, despite government assurances. The protest comes after the Madhya Pradesh High Court ordered the transfer of the waste to Pithampur within four weeks. The incident has raised concerns about the potential contamination of soil, underground water, and water sources in the area. The administration has deployed a large police force and held meetings with local residents to address their concerns.
The race to acquire diversified fintech firm Religare Enterprise Limited (REL) intensified as Dabur group promoters, the Burman family, said it was going ahead with the open offer on Monday and claimed that the counter offer made by US-based businessman Digvijay Gaekwad wasn't valid and will not stand scrutiny of market regulator Sebi. The Burman family claimed that the competing offer falls outside the 15-day window stipulated by the Sebi takeover code, following their initial offer on October 4th, 2023.
rediffGURU Aasif Ahmed Khan counsels students on the best career options in tech and engineering.
Alternative investment funds (AIFs) have not seen any significant redemptions from financial institutions even though the 30-day timeline provided by the Reserve Bank of India (RBI) to liquidate their holdings or make full provisions ends recently. Sources said the industry is awaiting certain relaxations or extensions based on the recommendations submitted to the banking regulator. On December 19, the RBI restricted financial institutions and banks from investing in AIFs where there is any downstream link or exposure to a debtor firm.
Observing that the sanctity of the 10th Schedule of the Constitution should be maintained, the Supreme Court on Monday directed Maharashtra assembly speaker Rahul Narwekar to decide the cross-petitions filed by the rival factions of the Shiv Sena seeking disqualification of each other's MLAs by December 31.
The free trade agreement (FTA) talks with India are no longer working towards a Diwali deadline though negotiations are progressing well, UK Trade Secretary Kemi Badenoch has said as New Delhi expressed confidence on Friday of an "early date" for a mutually beneficial deal. "There are ongoing negotiations as we know on the FTA. There is interest on both sides to see if we can work towards a deal, an FTA, that is beneficial to both the countries at an early date," external affairs ministry spokesperson Arindam Bagchi told reporters in New Delhi. It came as External Affairs Minister S Jaishankar spoke to his UK counterpart, James Cleverly, and referenced the Roadmap 2030 bilateral agreement signed between Prime Minister Narendra Modi and former UK PM Boris Johnson in May last year, with no specific reference to the FTA.
The Pal-led committee is currently on a tour of five states to speak to various stakeholders though opposition members have boycotted it.
Two men were hospitalised after they set themselves afire on Friday amid a bandh call in Madhya Pradesh's Pithampur against the planned disposal of 337 tonnes of Union Carbide waste in the industrial town, an official said.
'If he goes into the auction pool, it will be fascinating to see which team bids for him.'
The mutual fund (MF) industry is set to approach the Securities and Exchange Board of India (Sebi) for relaxation in the recently implemented rules designed to prevent market abuse. According to MF executives, the new rules that came into effect in November for large schemes have created operational challenges for fund managers, particularly when executing large transactions or participating in block deals.
'We are directly interacting with the ICC and we are still waiting for a response from them so we can take things forward'
According to a top ICC source, the decision was more or less finalised during an informal meeting between the body's new president Jay Shah and the Board of Directors, including Pakistan, at its headquarters in Dubai on Thursday.
The delay in finalising a seat allocation agreement among the Maha Vikas Aghadi allies for the upcoming Maharashtra assembly elections has ignited concerns among smaller constituents as the nomination process commenced on Tuesday.
The Election Commission will announce the schedule for assembly elections on Friday afternoon.
No great achievement or discovery or invention has been achieved without hard work. While the inspiration may have been an insight, it needs work to flesh the insight which requires hard work, asserts Mudit Jain.
The work to remove 377 metric tonnes of hazardous waste from the now-defunct Union Carbide factory in Bhopal has begun. The waste will be transported to an incineration site in Pithampur near Indore, around 250 km from Bhopal. The move comes after the Madhya Pradesh High Court ordered the authorities to clear the site, 40 years after the deadly gas leak that killed thousands and left hundreds of thousands with health problems.
Gujarat Titans captain Shubman Gill has decided to take a pay cut and will be the second player retained by the IPL franchise ahead of the October 31 deadline.
Gujarat Titans are set to retain their captain Shubman Gill alongside star spinner Rashid Khan and left-handed batter Sai Sudharsan ahead of the IPL mega auction.
Amid a social media storm over the death of a young employee at tax consultancy major EY allegedly due to work pressure, Deloitte has formed a three-member external committee, which includes former revenue secretary Tarun Bajaj, to look into practices, policies and processes concerning employees, its South Asia CEO Romal Shetty said on Friday. Shetty said to manage the work pressure within the organisation and have an open work culture, Deloitte has a chief happiness officer and takes strictest action for any bad behaviour within the organisation. Deloitte is one of the four major global tax consultancy firms.
The Employees' Provident Fund Organisation (EPFO) on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The Supreme Court on November 4 allowed another change for employees who were existing EPS members as on September 1, 2014, to contribute up to 8.33 per cent of their actual salaries - as against 8.33 per cent of pensionable salary capped at Rs 15,000 a month - towards pension. The apex court gave a four-month window to enable opting for higher pensions.
A total of 4,140 candidates were left in the fray for 288 Maharashtra assembly seats after the deadline for withdrawal of nominations ended on Monday, a poll official said.
Mumbai Indians, Kolkata Knight Riders, Rajasthan Royals, Sunrisers Hyderabad and Lucknow Super Giants are among the IPL franchises who have submitted bids.
LSG released KL Rahul before the team submitted its list of retained players by the October 31 deadline.
Tesla owner billionaire Elon Musk and Indian American entrepreneur Vivek Ramaswamy in an op-ed provided an insight into their blueprint for an unprecedented government reform that includes mass federal job cuts and massive expense reduction.
"The boy came from a marginalised background, could not pay the admission fees of Rs 17,500. He would have lost his admission had we not granted relief then. This is what has sustained me as a judge all these years," the CJI said.
Trudeau is facing mounting pressure from within his own party, with dissident Liberal MPs giving him an ultimatum to decide his future by October 28.
The government on Thursday extended the deadline till December 31 for filing of income tax returns by individuals for the financial year 2021, amid the coronavirus pandemic and technical glitches in the IT portal. Earlier, the deadline was extended to September 30, 2021. Usually, the last date for filing the ITR (Income Tax Returns) for the individual taxpayers is July 31. "On consideration of difficulties reported by the taxpayers and other stakeholders in filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22 under the Income-tax Act, 1961, Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22," the finance ministry said in a statement.
On Thursday, August 8, 2024, an Election Commission team led by Chief Election Commissioner Rajiv Kumar arrived in Srinagar to meet with representatives of political parties.
Union ministers Ravneet Singh Bittu and George Kurian were elected unopposed to Rajya Sabha Tuesday along with senior Congress leader Abhishek Manu Singhvi and former minister Upendra Kushwaha.
Besides thanking the LSG fans for their support, he admitted that he also tries to help the team by imparting his knowledge of the sport as and when required.
Mihir Tanna, Associate Director, S K Patodia & Associates, will answer your personal income tax queries.
Jordan Chiles is set to lose her bronze medal in the women's artistic gymnastics floor exercise competition after the Court of Arbitration for Sport ruled in favour of an appeal by Romania's Ana Barbosu.
'Today, let us reaffirm our commitment to strive to realise Gandhiji's dreams. His watchwords, truth and nonviolence, will continue to remain relevant for the whole world. He also taught us that rights and duties are but the two sides of the coin - indeed, the true source of rights is duty. Today we recall his lessons in compassion too - compassion not only for our human neighbours but also for our other neighbours, namely, flora and fauna, rivers and mountains.'
Two individuals, Carlisle Rivera, 49, and Jonathon Loadholt, 36, were arrested from Brooklyn and Staten Island in New York on Thursday.
Participants of a mega rally, including prominent film personalities and rights activists, held a night-long sit-in in Kolkata till 4 am on Monday, demanding justice for a doctor who was allegedly raped and murdered at a hospital last month.
The Reserve Bank of India (RBI) on Thursday extended the card-on-file (CoF) tokenisation deadline by six months to June 30, 2022, in view of various representations received from industry bodies. Card-on-file, or CoF, refers to card information stored by payment gateway and merchants to process future transactions. The earlier deadline was December 31, 2021. "In light of various representations received in this regard, we advise...the timeline for storing of CoF data is extended by six months, ie., till June 30, 2022 and post this, such data shall be purged," RBI said in a notification addressed to all payment system providers and payment system participants.
The court emphasised that all parties must comply with Section 16 of the POSH Act, ensuring confidentiality of the identities involved.
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