UNBELIEVABLE: Pan - The Untold Story

Rs 60 lakh cash gift from late husband: Widow gets income tax notice for'unexplained' credit - Know what ITAT ruled

Ms Parve’s counsel argued in ITAT Pune that she is a housewife and never filed her income tax return (ITR) as she had no independent source of income. To support her claims, Ms Parve also filed Form 26AS, an affidavit, the husband’s death certificate, computation sheet, bank statements between 24.08.2015…

The Economic Times · 8h ago

Former Mumbai office boy wins tax battle over Rs 1.46 crore transactions linked to alleged KYC misuse

In a significant legal battle, former office boy Waghela challenged a disputed tax order linked to dubious financial practices. The Income Tax Appellate Tribunal ruled that earlier notices were improperly issued, nullifying the reassessment. Waghela contended that his KYC details were exploited by a previous employer to generate an additional…

The Economic Times · Oct 22

Jio IPO all set to open: How can investors maximise allotment chances under Rs 2,500 crore RIL shareholders quota

The much-anticipated Reliance Jio Platforms IPO is launching for public subscription starting October 21, 2023. Shareholders of Reliance Industries can benefit from a Rs 2,500 crore reservation aimed at maximizing their investment opportunities. Those eligible are encouraged to apply in both the shareholder and retail categories. Shares are priced between…

The Economic Times · Oct 20

SBI's error in depositing TDS cost landlord Rs 2.7 lakh in TDS credit; Landlord fights in ITAT Agra and wins the case

SBI paid Rs 40.62 lakh rent to three landlords but erroneously reported entire TDS against one landlord's PAN, leading to tax dept denying Rs 2.7 lakh TDS credit as landlord only declared 1/3rd rent in ITR; Landlord fights in ITAT Agra and wins case; Know why

The Economic Times · Aug 18

Regional parties' declared donations more than triple to over Rs 1,050 crore; DMK tops list: ADR

Declared donations above ₹20,000 to regional political parties more than tripled to ₹1,051.56 crore in FY25 from ₹347.69 crore a year earlier, according to an ADR report. The DMK emerged as the biggest recipient, receiving ₹365.78 crore, including ₹300.64 crore from undeclared donors.

The Economic Times · Aug 6

ITR filing mistakes to avoid before July 31 deadline: Expert reveals 5 mistakes that can lead to delays, failure of ITR form submission

ITR filing : Taxpayers rush to file income tax returns before the July 31 deadline. Common errors include not e-verifying and mismatched personal details. Reconciling income with Form 16 and AIS is crucial for successful submission.

The Economic Times · Jul 29

ITR-4 or ITR-3? Know which ITR form to file under presumptive taxation scheme and the documents required

Taxpayers using the presumptive taxation scheme must select the correct Income Tax Return form. Generally, ITR-4 is suitable for individuals and HUFs with income up to fifty lakh rupees. However, certain conditions like foreign income or losses necessitate filing ITR-3. Essential documents include PAN, Aadhaar, bank details, and tax payment…

The Economic Times · Jul 20

HDFC AMC Q1 Results: Net profit rises 12% to Rs 837 crore, revenue up 14%

HDFC Asset Management Company reported a 12% rise in Q1 FY27 net profit to ₹837 crore, supported by higher revenue and asset growth. Quarterly average AUM climbed 13% year-on-year, while shares gained over 2% after the earnings announcement.

The Economic Times · Jul 15

Rights group seeks bail for sick activist

A rights group has called on a House committee to support bail for detained political activist Ekachai Hongkangwan, citing serious health concerns and fears his case could mirror past controversial deaths in custody linked to inadequate medical treatment.

Bangkok Post · Jun 17

Two Mayors Gunned Down in 24 Hours as Political Violence Escalates in Oaxaca

Oaxaca spirals into a political violence crisis after two mayors are gunned down in 24 hours, renewing outrage over a lack of security for local officials.

Latin Times · Jun 16