The income tax department has allowed tax officials to either waive or reduce interest payable by a taxpayer, subject to specified conditions. Under the Income Tax Act Section 220 (2A), if a taxpayer fails to pay the tax amount specified in any demand notice, he/she is liable to pay interest at 1 per cent per month for the period of delay in making the payment. The Act also empowers Principal Chief Commissioner (PrCCIT) or Chief Commissioner (CCIT) or Principal Commissioner (PrCIT) or Commissioner rank officers to reduce or waive the amount interest due to be paid.
A special court in Bengaluru has sentenced Congress MLA Sateesh Krishna Sail to seven years imprisonment and imposed hefty fines for theft and illegal export of seized iron ore from Belekeri port during 2009-10.
India's second-largest passenger vehicles firm will be valued at Rs 1.59 trillion at the top-end of the price band of Rs 1,865-Rs 1,960.
It was not immediately clear when Garg submitted his voluntary retirement scheme application to the government. It was also not known if the government would accept the application. If he hadn't applied for VRS, he would have retired from government service at the end of October 2020 on attaining of 60 years of age. Garg did not answer phone calls seeking his comments.
The Haryana BJP said its chief Mohan Lal Badoli has expelled these leaders for a period of six years with immediate effect.
Himachal Pradesh experienced its second snowfall of the season, leading to the closure of 15 roads, including two national highways. A tourist from New Delhi died in an accident on an icy road in the Lahaul Spiti district, while three others sustained injuries.
During the first eight months of CY24, 50 IPOs mobilised Rs 53,453 crore.
Owing to Finance Minister Nirmala Sitharaman being new to her role, a number of crucial announcements in the Budget bore Garg's imprint, especially the decision to borrow in overseas markets, reduce the fiscal deficit as a percentage of gross domestic product, and resort to off-Budget borrowing to meet that target, says Arup Roychoudury.
As Archana navigates her new path, her time as a top athlete continues to shape her perspective and inspire others.
The Mumbai police have issued a notice to a teenage boy, his father and another person from Rajnandgaon in Chhattisgarh to join questioning in connection with bomb threats posted on social media targeting three flights, officials said.
Auto majors Maruti Suzuki India and Hyundai reported muted sales performance in October as the companies curtailed dispatches to dealers in order to cut inventory build up.
Refusing to link his seeking voluntary retirement, a year before his superannuation, to his transfer to the relatively low profile power ministry, he said that he had conveyed his decision to the Prime Minister's Office on July 18.
A high-level committee report from the district administration alleged that six children tragically passed away in the last five days, raising concerns over over-admission, mismanagement, and a possible cholera outbreak at the privately-run shelter for special children.
'Those betting against PSUs will likely be punished in this upswing.'
India's Under-19 captain Priyam Garg revealed that he sought former skipper Prithvi Shaw's advice on planning and team bonding during his preparations to lead the side's world title defence from January 17 to February 9 in South Africa. India is the most successful team in the tournament, having won four titles till date.
Hyundai Motor India (HMIL) raised Rs 8,315 crore from anchor investors on Monday, setting the stage for the country's biggest-ever maiden share sale. The Indian arm of the South Korean carmaker Hyundai Motor Company (HMC) allotted 42.4 million shares to 225 funds at Rs 1,960 apiece, the higher end of its price band. Among the investors receiving allotments were the Singapore government's sovereign wealth fund (GIC), New World Fund, and Fidelity.
The 13th edition of the U-19 World Cup will be played among 16 teams, split into four groups.
He, however, cited the sensitivity of information due to the ongoing probe into the matter to decline to share more details, sources said.
Mohali Police on Wednesday said it has arrested three youths, including an Agniveer, in a vehicle snatching case.
The number of people averse to the surveys by the National Statistical Office (NSO) has more than doubled over the last five years between the 75th National Sample Survey (NSS) round (July 2017- June 2018) and the 79th NSS round (July 2022-June 2023), the Ministry of Statistics and Programme Implementation MoSPI) said on Friday in a conference organised to discuss the issue of 'non- responsiveness' to its sample surveys. The ministry said that nearly 6.9 per cent people in urban areas surveyed by the NSO for the 79th NSS round did not participate in the exercise, while the number of people in rural India that refused to participate in these surveys stood at 3.9 per cent.
Do Aur Do Pyaar Producer Tanuj Garg threw a party at a restaurant in Mumbai, and while the film's cast members -- Vidya Balan, Pratik Gandhi, Sendhil Ramamurthy and Ileana D'Cruz -- did not attend, many film folk did.
This has invited sharp reaction from the Opposition, with the Samajwadi Party saying that the BJP was afraid of its defeat in Milkipur due to which it moved the court for "stalling" polls on the assembly seat.
Taxpayers seeking to save tax from the sale of gold (including inherited) should reinvest the capital gains in residential property to avail of the benefit provided by Section 54F.
The owner and the coordinator of a coaching centre where three civil services aspirants died due to rain-induced flooding in the basement were arrested on Sunday even as protests erupted in the area over the incident.
Reports from around the country in the latest round of matches in the ongoing Ranji Trophy
Despite this setback, Pandey emphasised that discussions regarding ticket distribution are ongoing and solutions will be found through timely communication.
DEA is currently headed on an interim basis by Corporate Affairs Secretary Tapan Ray
Hyundai Motor India expects SUV sales to account for 65 per cent of its overall volumes in 2024, while it gears up to enter the EV segment early next year, aiming to garner 20 per cent of its total sales by 2030, its COO Tarun Garg said on Tuesday. The automaker, which got around 60 per cent of its overall volumes from sports utility vehicle (SUV) sales last year, plans to invest Rs 7,000 crore on its second plant at Talegaon, according to Maharashtra Deputy Chief Minister Devendra Fadnavis. The company officials however declined to comment on the matter.
Bypolls to 10 assembly seats in Uttar Pradesh will be a litmus test for the Indian National Developmental Inclusive Alliance (INDIA)'s unity after the group's success in the recent Lok Sabha polls when they won more than 40 seats, significantly contributing to the Bharatiya Janata Party's failure to win a simple majority in parliament.
Anil Ambani group company FLAG Telecom on Wednesday announced the appointment of Punit Garg, who was heading Reliance Infocomm's international business, as its president.\n\n
Taxpayers are filing their income tax returns (ITRs) early for the Assessment Year 2024-25 (FY25). By April 29, over 592,000 returns were filed, with over 538,000 verified and 367,000 processed. Early filing allows revisions without penalties.
How To Wear Chiffon Sarees Like A Bollywood Star Garima Garg on styling Alia Bhatt and her take on this celebrity-approved trend
A bullet each hit Singh in the head and near the chest. Singh was rushed to a private hospital, police said. He is currently out of danger.
Passenger vehicle sales in India kicked off on a flat note in new fiscal 2024-25 with 3.38 lakh units sold in April, impacted by high base effect and muted demand due to the ongoing general elections. Dispatches of passenger vehicles from manufacturers to dealers were at 338,341 units in April 2024 as compared to 332,468 units in the same month last year, a growth of 1.77 per cent with major players Maruti Suzuki India, Hyundai and Tata Motors reporting marginal growth in their domestic wholesales.
In a case related to Mumbai-based Jai Trust versus Union government, the court ruled that a gift is a consideration-less transaction, and hence, not liable for capital gains tax. It quashes the reassessment notice issued by the tax authorities alleging that a specific income has escaped assessment on transfer of shares as gift by the trust.
Bengaluru outpaced Mumbai, Delhi, and Pune in 2023 to become India's leading city for electric car registrations. The city's tech-savvy workforce, increased acceptability, zero road tax, subsidised electricity for EV charging, and a wide charging station network contributed to this surge. Electric car registrations in Karnataka's capital surged more than threefold in 2023 to 8,690 units, overtaking the growth witnessed in the other three cities, according to data from Jato Dynamics
A round-up of the Ranji Trophy matches played on Saturday.
According to the officials, the three-storey coaching institute, surrounded by residential and commercial establishments, had permission to use the basement as a store room, but it was being used as library in violation of the rules.
Dr T V Somanathan is the first finance secretary to be appointed Cabinet secretary since 1985. His appointment at this juncture seems to carry much meaning for the forthcoming trajectory of reforms and restructuring of India's steel frame.
In response to a report in a section of media, Railway Minister P K Bansal on Tuesday clarified that Ajay Garg, an alleged middleman in the Rs 10 crore bribery case, has no connection with him.
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