The Supreme Court (SC) on Monday slapped a fine of Rs 2000 ($25) and a four-month jail sentence on fugitive businessman Vijay Mallya. In addition, the former liquor baron has been asked to deposit $40 million with 8 per cent interest within a month, failing which his properties would be attached to recover the amount. The court held Mallya guilty of contempt after it was brought to its notice that he had transferred $40 million to his children in the US.
One per cent TDS will apply on non-agriculture immovable property of over Rs 50 lakh on the basis of sale price or the stamp duty value, which ever is higher, after an amendment in the Income Tax Act.
The 18 companies sanctioned include Marshall Islands-registered Changtai Shipping and Motionavigations Limited and UAE-based Indo Gulf Ship Management.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Lenders of bankrupt airline Jet Airways, led by the State Bank of India (SBI), on Thursday told the Supreme Court that successful bidder Jalan Kalrock Consortium (JKC) was "unwilling" to pay the dues and that the "liquidation" was the only option left. The bench led by Chief Justice of India (CJI) DY Chandrachud was hearing the SBI-led consortium plea against the NCLAT's March order upholding ownership transfer of the bankrupt airline to JKC.
Rai said as per the information provided by the government of Jammu and Kashmir, after the abrogation of Article 370, a total of 520 migrants have returned to Kashmir for taking up the jobs under the Prime Minister's Development Package-2015.
rediffGURU T S Khurana answers readers' personal income tax queries.
Basic fermented rice is served up with a wide range of ingredients to make a wonderfully, comforting meal.
Evidence of several irregularities have been detected in the transfer of 14 sites by the Mysuru Urban Development Authority (MUDA) to B M Parvathi, the wife of Karnataka Chief Minister Siddaramaiah, according to the Enforcement Directorate.
The specter of how the Munambam issue was exploited during the November by-elections is proof of the price Kerala is paying for its emergent politics. Controversies become the stuff of slow-burn and brinkmanship. The former promises mileage; the latter searches for an advantage, notes Shyam G Menon.
Trump's sweeping tariffs and penalties on China-built ships have turned global shipping into the front line of economic war, observes Shyam G Menon.
If the property is inherited from one generation to another, the person who inherits it cannot pass it on as s/he wishes, points out Rajesh Narain Gupta, managing partner, SNG & Partners.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
In the months immediately following the 2024 tragedy, reporting on the landslide per se had been a straightforward affair. On one side was death and destruction. On the other side, survivors and the business of survival. It was black and white. What direction to take was clear. Rehabilitation in comparison, felt like a complex situation. One that is fraught with shades of grey. As grey as human life, explains Shyam G Menon.
Several residents of a housing complex built by the Vadodara Municipal Corporation (VMC) under a Gujarat government scheme have been staging protests against the allotment of a flat to a Muslim woman, saying the locality is meant only for Hindus.
Their downside is that the donor relinquishes all control over the transferred property, and certain tax implications may also arise.
Ram Rahim, lodged in Rohtak's Sunaria Jail, is serving a 20-year sentence handed out to him in 2017 for allegedly raping two of his disciples.
'If the borrower can't repay the loan due to lack of income or losses from speculative activities, they risk defaulting on it.' 'This could lead to the bank seizing the property.'
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Investors need to carefully assess country-specific risks. 'This is especially true of a market that is less transparent than the US.'
Jamshyd Naoroji Godrej and his sister Smita Crishna Godrej-controlled Godrej & Boyce will hold the exclusive construction rights over a vast land bank, including a prime 3,000 acre-property in Mumbai, they got as part of the family agreement that split the Godrej empire, as per sources and regulatory filing. According to the agreement reached late Tuesday, the 127-year-oldgets to keep what group will be split into two entities - one led by Adi Godrej and his brother Nadir and the other by their cousins Jamshyd and Smita.
Mumbai-based Weizmann, part of a diversified group, will take to court its former partner Western Union Holdings, the American money-transfer giant, alleging that the United States-based company has imitated its trademark and logo. This, its lawyers say, constitutes a case of infringement and dilution of its intellectual-property rights.
Jagjit Singh Dallewal, a 70-year-old Punjab farmer leader, is on his 21st day of a hunger strike demanding the Indian government address farmers' concerns, including a legal guarantee of MSP on crops. His health has deteriorated, and doctors have recommended immediate hospitalization. However, Dallewal, a cancer patient, has refused medical treatment.
Days after billionaire Mukesh Ambani-led group took some of the stores of Future Group, whose lease had expired due to the non-payment of rent, Amazon.com Inc on Tuesday accused the two of 'fraud' and said such 'contumacious' transfer will be liable to legal action.
When there are two wills produced before the court, which one will be executed?
Pooja Khedkar, a 2022 batch IAS officer of the Maharashtra cadre, allegedly submitted fake disability and Other Backward Class (OBC) certificates to clear the civil services exam, an official said on Wednesday.
Improved credit profile may make you eligible to transfer your existing home loan to another lender at a much lower rate.
The government has reconstituted a high level committee for the disposal of enemy properties that have been left behind by those who migrated and took up citizenship of Pakistan and China.
The ministry of external affairs said India received representations from the Sikh community expressing grave concern over the decision to transfer the management and maintenance of the gurudwara from the Pakistan Sikh Gurudwara Prabhandhak Committee to the administrative control of the Evacuee Trust Property Board, a non-Sikh body.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Instead of repeating the same study patterns, focus on creating a more efficient schedule that prioritises building a strong foundation in maths, physics and chemistry, advises Rohit Gupta, COO, College Vidya.
rediffGURU T S Khurana answers readers' personal income tax queries
An 'illegal' structure near trainee Indian Administrative Service (IAS) officer Puja Khedkar's family bungalow in Pune has been cleared, days after the civic body issued them a notice to remove it, an official said on Wednesday.
The United Kingdom extracted USD 64.82 trillion from India over a century of colonialism between 1765 and 1900 and USD 33.8 trillion of this went to the richest 10 per cent -- enough money to carpet London in notes of 50 British pound almost four times over.
The Enforcement Directorate (ED) on Wednesday produced WhatsApp chat records between former Jharkhand chief minister Hemant Soren and a close associate where information related to transfer and posting of state government officials involving 'huge amount of money' is alleged to have been discussed.
The investigators are unable to join several dots due to lack of evidence from the crime scene.
A commando contingent of the Manipur police has been airlifted to Jiribam on Saturday morning from Imphal to assist in the security operations against the militants, police said.
The Delhi high court has imposed costs of Rs 1 lakh on a man who made Lord Hanuman his co-litigant in a plea concerning the possession of a private land having a temple of the deity.
Bollywood actress Kangana Ranaut and her sister Rangoli Chandel have moved the Supreme Court seeking transfer of cases pending against them in Mumbai to a court in Shimla, alleging there would be threat to their lives if the trial proceeds there because of 'personal vendetta' of Shiv Sena leaders against them.
Union Law Minister Ravi Shankar Prasad on Thursday said Justice S Muralidhar of the Delhi high court was transferred on the recommendation of the Supreme Court collegium and accused the Congress of politicising a routine transfer. He added that a "well-settled process" was followed in the transfer of Justice Muralidhar to the Punjab and Haryana high court.
