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COMPANIES ACT SECTION 68
MEA's passport remark needs a crucial clarificationMEA's assertion that a passport isn't conclusive proof of citizenship has sparked debate. While legally correct, as citizenship is defined ...- Senior citizen mistakenly paid tax on tax-free VRS compensation; wins complete relief from ITAT Chennai on this groundA senior citizen wrongly paid tax on Rs 24 lakh retrenchment compensation received under a BSNL Voluntary Retirement Scheme. Despite a sign...
- Bank fraud cases: CBI flags issue of pending sanctions to probe bank officials in corruption casesThe CBI has highlighted significant delays in obtaining sanctions to probe and prosecute bank officials for corruption and fraud. This hurd...
- Taking a second loan for home loan repayment? Claim tax deduction on both under old tax regime for Tax Year 2026-2027Homeowners can now potentially claim tax deductions on interest paid for both their original home loan and a subsequent loan taken to repay...
- 'Passport never been proof of citizenship': Govt cites Passports Act 1967, Bombay HC rulingGovernment clarifies a passport has never been definitive proof of citizenship, citing the Passports Act and Bombay High Court rulings. Thi...
- Rs 1.54 crore retirement corpus through PPF: How many years will it take if you invest Rs 1.5 lakh a year?PPF calculator: Aspiring to build a substantial retirement fund? The Public Provident Fund (PPF) offers a compelling avenue for low-risk in...
- India-US trade deal enters crucial phase as Section 301 and tariff deadline loom largeIndia and the US are in the final stages of trade deal negotiations, with a July 24 deadline looming. A key sticking point is Section 301 o...
- SFIO to probe Rajesh Exports over SEBI's fraud allegationsAuthorities are intensifying scrutiny on Rajesh Exports. The Serious Fraud Investigation Office will probe the gold refining giant followin...
- Income tax dept identifies up to 20,000 cases of individuals who used the ‘swapped provisions’ trick to reduce net tax liability; Know what to do now to fix thisThe Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax li...
- Finance ministry, NFRA officials brief Par panel on corporate laws amendment billParliament's joint committee received briefings on the Corporate Laws (Amendment) Bill, 2026, from Finance Ministry officials and the Natio...
- Will the ITR filing deadline for AY 2026-27 be extended? Here's what taxpayers need to knowTaxpayers can breathe easy as the Income Tax Return (ITR) filing deadline for AY 2026-27 is unlikely to be extended. Unlike last year's tec...
- Tata Power's Mundra thermal plant to continue operations till Sept 30 under Centre's directionsTata Power's Mundra thermal plant will continue supplying electricity for three more months until September 30, following an extension of s...
- Tata Power's Mundra plant mandated to run at full capacity till SeptemberThe power ministry has directed Tata Power's 4,150 MW Mundra plant to operate at full capacity until September 30, 2026. This extension aim...
- Govt revises penalties under FCRA involving receipt of foreign contributions by NGOsNew penalties are now in place for NGOs misusing foreign funds. The Home Ministry has revised compounding penalties for various FCRA violat...
- MHA adds West Bengal's Haldia Seaport to immigration checkpoints listHaldia seaport in West Bengal has officially been designated as an immigration checkpoint, becoming India's 41st such facility. This move b...
- Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS & retirement tax benefitsThe "Nature of Employment" field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax benefits, incl...
- Lucknow fire tragedy: Four arrested; accused owners of buildingFour joint owners of a commercial building in Lucknow's Aliganj have been arrested following a devastating fire that claimed 15 lives. The ...
- SAT 2026-27 registration is now open. Here's what students should knowRegistration for the 2026-27 SAT testing cycle is now open, offering students a chance to secure their preferred dates for the digital exam...
- Kolkata woman made Rs 26 crore profit in stocks and paid zero tax: Here's how she did it legallyA Kolkata businesswoman, Saroj Goenka, legally saved ₹26 crore in taxes by reinvesting long-term capital gains from share sales into constr...
- Retired employee claims tax exemption on Rs 19 lakh leave encashment; I-T dept issues notice and caps it at Rs 3 lakh; ITAT Chennai grants him full reliefWhen Mr Balasubramanian Venkatachalaperumal from Jagadamal Street retired from ONGC in FY 2019-20, he got Rs 19.05 lakh as leave encashment...
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