Sent more than Rs 6 lakh abroad? You may get a tax notice by December 31, 2024Income tax notice: You may get a income tax notice by December 31, 2024 if the tax department found you have income which escaped assessmen...
Outward remittances exceeding ₹6 lakh come under I-T scannerThe move will help the government to identify cases where the remittance was sent but was not reported by the taxpayer in their filling, th...
CNG models expected to boost Bajaj Auto’s two-wheeler market shareThe introduction of a CNG model aimed at a rapidly expanding market segment is expected to boost the company's domestic motorcycle sales, w...
Sebi tweaks framework for clearing corps on liquid assets; issues prudential norms for exposureMay 30 (PTI) Capital markets regulator Sebi has tweaked guidelines for accepting liquid assets as collateral by clearing corporations (CCs)...
Form 26AS to include off-market trade, mutual funds dividends and other detailsThe Central Board of Direct Taxes (CBDT) amended the scope and format of Form 26AS effective from June 1, 2020. The October 2021 order of t...
I-T scanner on 89 high-value foreign remittance casesThe department has already initiated proceedings in these cases. The Central Board of Direct Taxes (CBDT), the apex direct taxes body, aske...
Latest third-party insurance premiums for cars, bikes as fixed by IRDAIAccording to the Motor Vehicles Act of 1988, anyone who owns or operates a motor vehicle in India must have third-party insurance coverage.
Kotak Bank-backed ARC acquires Rs 1,470-cr loan portfolio from L&T FinanceL&T Finance sold the portfolio of four accounts for ₹980 crore, equating to a recovery of nearly 66%, the people cited above said. The othe...
Motor insurance premiums to rise, steepest for two-wheelersOn Friday, the insurance regulator IRDAI proposed a hike in the TPR for motor insurance.The draft circular proposes a 5% to 21% increase fo...
I-T dept extends deadline for various tax compliancesThe quarterly statement in Form 15CC to be furnished by authorised dealers in respect of remittances made for the April-June quarter can no...
Royal Enfield plans a slew of launches to protect its turfAs many as 15-20 product actions are under consideration for the coming 3-5 years, and Royal Enfield could potentially launch one motorcycl...
RBI extends deadline for banks' compliance with new guidelines for existing current accountsIn August, the RBI proposed changes to the current account operations in order to discipline banks to follow better practices, following re...
Two-wheeler maker Honda spreads 'Big Wing' to take on Royal EnfieldThe company will be setting up an independent network across 22 locations with 100 outlets in the country in the coming 18 months.
Third-party motor insurance premiums set to riseOwners of cars with engine capacities between 1,000cc and 1,500cc will have to brace themselves for a 15.26% rise, with premiums going up f...
UM Lohia plans to drive in new bikes, expand sales networkThe company is also working to enhance its production capacity by setting up a new plant in Hyderabad, which would be mainly utilised to ca...
HCL Tech closes CY17 on a strong note; the momentum is likely to continueThe company’s revenue grew by 3.1% sequentially to $ 1,988 million in the December quarter.
Attention, bike-lovers! Honda & Yamaha's new launches will get your adrenaline rushingHonda has launched the CBR650F and Yamaha Motor India's YZF-R3 will get bikers drooling. Here are some features of the two motorcycles.