The new guidelines by Central Board of Direct Taxes (CBDT) for the compounding of offences under the Income-tax Act, 1961, aim to make the process easier and more accessible for taxpayers, according to a statement by Ministry of Finance.
American credit rating agency Fitch Ratings, on August 29, affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook.
On August 16, PML-N President Nawaz Sharif directed his brother Shehbaz Sharif and daughter Maryam Nawaz to collaborate on resolving the rising electricity bills, a key issue for the party's revival. During a senior leadership meeting, Nawaz Sharif discussed tackling electricity costs, party
A court in Delhi on Monday has dismissed the default bail petition of BRS Leader K. Kavitha's plea seeking default bail following her withdrawal of the plea. She has sought default bail in the Delhi Excise Policy CBI case.
The government has taken action against companies, found selling formulations at prices higher than the permissible price. In the year 2023-24, it has recovered Rs 72.73 crore from the defaulting companies who have overcharged the consumers. Union Minister of State for Chemicals and Fertiliz
The Special (PMLA) Court, Ranchi vide order dated July 23, 2024, sentenced five accused persons to five years of rigorous imprisonment, imposed a fine of Rs 2.5 Lakh on each accused person and in default of the fine, a further six months simple imprisonment and confiscated the seized propert
The economically crippled country has relied heavily on IMF programmes for years, at times nearing the brink of sovereign default and having to turn to countries such as the United Arab Emirates (UAE) and Saudi Arabia to provide it with financing to meet external financing targets set by the
Invoking the Indian business community to invest in India, Union Minister for Commerce and Industry Piyush Goyal said that since India has never defaulted in its history, it is the best time to invest in the development of the country.
The Pimpri Chinchwad Municipal Corporation (PCMC) has sealed a company named ThermoVerita linked to Manorama Khedkar, mother of IAS Puja Khedkar located in Pune due to an alleged tax default of Rs 2.77 lakh.
As per the revised directions of Reserve Bank of India (RBI), the lenders have to issue a detailed show-cause notice (SCN) to the persons or entities against whom the fraud allegations are labelled.
Special judge Kaveri Baweja deferred hearing the arguments on charge after hearing the submission of Advocate Nitesh Rana and deffered it till July 22.
The Rouse Avenue court on Friday deferred hearing on BRS Leader K Kavitha's plea seeking default bail. She has sought default bail in Delhi Excise policy CBI case.