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Income Tax Act

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Justice Khanna to take oath as CJI on Monday, Justice Chandrachud retires

Justice Sanjiv Khanna, who has been part of several landmark Supreme Court judgements such as scrapping the electoral bonds scheme and upholding abrogation of Article 370, will be sworn in as the......

Trump's Election Should Worry The World

'There are ominous portents of an isolationist administration not only building a physical wall to the south to prevent unwanted immigrants from entering the land of milk and honey, but also trade......

Priyanka Gandhi has assets worth Rs 12 cr; faces cheating case in MP

Congress general secretary Priyanka Gandhi, who on Wednesday made her electoral debut by filing a nomination as a Congress candidate for Wayanad Lok Sabha bypolls, has declared assets worth over Rs......

If Modi Wants His 3rd Term To Work...

To govern effectively, to legislate successfully, Modi must reach out to the Opposition.As long as he does not and he is showing no signs that he accepts the reality, the drift his fans are......

Why India Will Like Shigeru Ishiba

Shigeru Ishiba is expected to prioritise strengthening Japan's military capabilities and fostering deeper international partnerships, particularly with India, with whom Japan shares significant......

Failure to disclose foreign assets, income to invite Rs 10L penalty: I-T dept

The Income-Tax Department on Sunday cautioned taxpayers that failure to disclose assets held abroad or income earned in foreign shores in the ITR can attract a penalty of Rs 10 lakh under the......

Taxmen allowed to waive or reduce interest due from assessee with riders

The income tax department has allowed tax officials to either waive or reduce interest payable by a taxpayer, subject to specified conditions. Illustration: Dominic Xavier/Rediff.com Under the......

Deferred tax drags down Honda FY24 profit by 53%

Honda Cars India (HCIL) net profit dropped by 52.8 per cent year-on-year (Y-o-Y) to Rs 661.4 crore in 2023-24 (FY24), primarily due to deferred tax of Rs 359.8 crore, according to the annual......

Maruti Suzuki Q2 net profit dips 18%; revenue at Rs 37,449 cr

Maruti Suzuki India on Tuesday reported an 18 per cent year-on-year dip in consolidated net profit at Rs 3,102 crore for the second quarter ended September hit by the withdrawal of indexation......

Tax dept invites public suggestions for I-T Act review

The Income Tax department on Monday invited public inputs for review of the six-decade old I-T Act with regard to simplification of language, litigation reduction, compliance reduction, and......

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