Errors in filing income-tax returns frequently lead to scrutiny notices, additional liabilities, or delayed refunds.
'Most tax notices arise not from wrongdoing, but from unintentional mismatch or ignorance.'
The Income-Tax (I-T) Department has detected widespread tax evasion involving cryptocurrencies and, according to media reports, has issued emails to thousands of defaulting taxpayers seeking transaction details. Investors must understand the tax rules governing crypto assets and respond promptly to these emails.
Days after the alleged caste-based tonsuring of a Bhagwat Katha preacher and his aide in Etawah's Dandarpur village, tensions escalated on Thursday as members of Yadav groups staged protests demanding the arrest of all accused and withdrawal of the case registered against the victims.
Maharashtra Navnirman Sena chief Raj Thackeray on Wednesday asked what was the need to "impose" Hindi on students and appealed to schools in Maharashtra to foil the government's "hidden agenda to deliberately create a language divide".
ZEE Entertainment Enterprises Ltd (ZEEL) and Sony Pictures Networks India on Tuesday said they have settled their six-month-long dispute related to the failed $10-billion merger and have agreed to withdraw all claims against each other. As part of the "comprehensive non-cash settlement" between ZEEL and Culver Max Entertainment Pvt Ltd (CMEPL), both "have mutually agreed to withdraw all respective claims against each other, in the ongoing arbitration at the SIAC and all related legal proceedings initiated in the NCLT and other forums," said a joint statement.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
MNS chief Raj Thackeray alleges the state government's three-language formula is a precursor to separating Mumbai from Maharashtra, speaking at a rally with Uddhav Thackeray.
Japan's Osaka beat Swiss lucky loser Viktorija Golubic
Leader of Canada's New Democratic Party (NDP) Jagmeet Singh has announced that he is withdrawing support to Prime Minister Justin Trudeau's government.
The Delhi government has requested the Centre's air quality panel to suspend the fuel ban on older vehicles, citing implementation challenges and public discontent. The government is also seeking solutions to restrictions on end-of-life vehicles.
Sumit Nagal got the big break as he was the highest ranked player in that draw.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Andy Murray will not get another chance to feature on court in his farewell at the Grand Slam.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
rediffGURU Ulhas Joshi answers your personal finance and mutual fund queries.
The Supreme Court on Thursday refused to examine a public interest litigation (PIL) seeking a judicial probe into the April 22 Pahalgam terror attack in which 26 people were killed.
A day after it received Rs 32,403 crore GST demand, Infosys on Thursday said Karnataka state authorities have withdrawn the 'pre-show cause' notice to the company and directed it to submit further response to the Directorate General of GST Intelligence (DGGI) on the issue. India's second largest IT company had made headlines on Wednesday after GST authorities slapped a Rs 32,403 crore notice on it for services availed by the company from its overseas branches for five years starting 2017.
Modi, who visited Cyprus in the first leg of his three-nation visit, reiterated India's support for Cyprus's unity and for a peaceful resolution of the Cyprus Question based on UN Security Council resolutions, international law, and the EU Acquis.
The southwest monsoon arrived in Maharashtra on Sunday, making it the earliest onset of the annual rainfall season over the state in 35 years, according to the India Meteorological Department. The monsoon is expected to advance to Mumbai and some other parts over the next three days. The monsoon advanced into some more parts of the Arabian Sea, Karnataka, entire Goa, parts of Maharashtra, north Bay of Bengal, and parts of Mizoram, parts of Manipur and Nagaland on Sunday. The northern limit of monsoon passes through Devgad, Belagavi, Haveri, Mandya, Dharmapuri, Chennai, Aizawl and Kohima. Conditions are favorable for further advance into some more parts of central Arabian Sea, more parts of Maharashtra including Mumbai, Karnataka including Bengaluru, some parts of Andhra Pradesh, remaining parts of Tamil Nadu, more parts of west-central and North Bay of Bengal and some more parts of North Eastern states during next three days. The southwest monsoon hit Kerala on Saturday, marking its earliest arrival over the Indian mainland since 2009.
In a statement after a meeting between Trump and Pakistan Army chief Asim Munir at the White House on Wednesday, the Inter-Services Public Relations -- the media wing of the Pakistan Army -- said they also discussed joint counterterrorism efforts.
With the emergence of their battery of fast bowlers, India have turned the tide at Lord's with two of their victories coming from their last three Tests -- in 2014 and 2021.
India's proposal to impose retaliatory import duty on certain US products in response to American tariffs on steel and aluminium could cast a shadow over ongoing negotiations for a trade agreement between the two countries, think tank GTRI said on Tuesday. The Global Trade Research Initiative (GTRI) said that if the US engages in consultations with India on the matter or withdraws tariffs, a resolution may be reached.
A United Kingdom auction house has withdrawn a 'Naga Human Skull' from its lots for a live online sale on Wednesday following outcry in India over the issue.
The matter came up for hearing on Friday before a vacation bench of justices Vikram Nath and SVN Bhatti, which allowed the petitioner to withdraw the plea.
The India meteorological department said heatwave conditions will persist for at least two more days.
13 of the men's seeds fell at the first hurdle -- a Wimbledon record since 32 seeds were introduced in 2001.
The labourers, who are said to be of Nepali origin, were engaged in the construction of a hotel.
Lieutenant General Shakti Gurung deserves to be complimented in telling his life story and that of his people, as subaltern communities within this vast and diverse nation of ours clamour for recognition and a plea for their voices to be heard and their aspirations to be met, notes Lieutenant General Gautam Moorthy.
No politician should use such language, the Bharatiya Janata Party said on Friday as it chastised West Bengal Chief Minister Mamata Banerjee for her choice of words targeting Prime Minister Narendra Modi.
The development comes a day after a government resolution (GR) was issued, in which the state administration ordered disbursal of Rs 10 crore funds for strengthening the state Waqf Board.
The southwest monsoon has arrived in Mumbai 16 days before its usual date, making it the earliest arrival since 1950. This early onset follows the monsoon's arrival in Kerala, the southernmost state, on Saturday, marking the earliest arrival since 2009. The India Meteorological Department (IMD) predicts an above-normal rainfall for the 2025 monsoon season, with rainfall between 96 per cent and 104 per cent of the 50-year average of 87 cm considered 'normal'. The monsoon is crucial for India's economy, providing vital water for agriculture and replenishing reservoirs.
Punjab Chief Minister Bhagwant Mann took a jibe at the Bharatiya Janata Party over Operation Sindoor on Wednesday, saying this is the first time that Indian representatives have been sent abroad to convey about the country's victory in an armed conflict.
Only in the event of the RSS managing to force Modi into accepting a consensual candidate, will the party not continue to 'being' the 'next Congress', observes Nilanjan Mukhopadhyay.
'If Uddhav bhau and Raj bhau come together, who can stop us?' Prasanna D Zore reports on the fervour and hope set off by the Thackeray cousins coming together.
'Let's see how this love story shapes up in the run up to the municipal corporation election.'
The turnover of FMCG major Nestle India's has grown 2.5 folds to Rs 20,100 crore in last one decade, post the Maggi crisis in 2015, according to the company's latest annual report. At the time of crisis, Nestle India's turnover was at Rs 8,100 crore.
Isaacman's removal comes just days after Elon Musk's official departure from the White House, where the SpaceX CEO was serving in the role of a "special government employee" leading the Department of Government Efficiency.
Reserve Bank on Friday decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy. With the reduction in four equal tranches ending November 29, 2025, the CRR would come down to 3 per cent.
The government on Tuesday announced withdrawal of the 2 per cent equalisation levy or digital tax on overseas e-commerce supplies.
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