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LIC TAX AUTHORITIES NOTICE
'No locus standi': India rejects Pakistan President Asif Ali Zardari's remarks as 'absurd' and 'political attack'India has firmly rejected Pakistani President Asif Ali Zardari's recent comments, deeming them "unwarranted" and stating he lacks the stand...20 Jun, 2026, 11.07 PM IST- Shiv Sena (UBT) issues fresh show cause notice to absentee MPs, threatens 'disqualification'Shiv Sena (UBT) has issued a stern show-cause notice to MPs absent from a crucial party meeting, demanding a written explanation within 24 ...20 Jun, 2026, 12.04 PM IST
- Tenant wins tax relief on Rs 38.62 lakh sale of landlord’s property, received for surrendering tenancy rights; know why ITAT Mumbai ruled in his favourA Mumbai tenant received tax relief after selling a property he obtained for surrendering his tenancy rights. The Income Tax Appellate Trib...20 Jun, 2026, 07.11 AM IST
- FSSAI issues notices to Bikanervala, Marico, Param Dairy on consumer complaints, law violationIn a social media post, Food and Safety Standards Authority of India (FSSAI) said it has issued notices to several food business operators ...19 Jun, 2026, 07.04 PM IST
- Iran says it will waive fees for Hormuz during 60 day negotiation periodIran has announced a 60-day waiver on fees for ships transiting the Strait of Hormuz, following a memorandum of understanding with the Unit...19 Jun, 2026, 04.48 PM IST
- Delhi HC refuses to waive 30-day notice period under Special Marriage Act, says courts cannot override statutory mandateThe Delhi High Court has refused to relax the mandatory 30-day waiting period prescribed under the Special Marriage Act, 1954, for a couple...18 Jun, 2026, 01.40 PM IST
- Income Tax department labels her stock market trader, denies investor status; she fights and wins Rs 54 crore capital loss claim at ITATDolly Khanna successfully challenged the tax department's classification of her Rs 54 crore short-term capital loss as a business loss. The...18 Jun, 2026, 12.30 PM IST
- TDS Challan correction for Income Tax Act, 2025 needs to be done using the old TRACES portal; Here’s how to do itTaxpayers must correct TDS challans for Tax Year 2026-27 on the old TRACES portal. This is crucial if the challan was mistakenly filed unde...18 Jun, 2026, 11.58 AM IST
- LIC won’t sell stake in NSE IPO OFS, betting on exchange's long-term potentialLife Insurance Corporation of India will not sell its stake in the National Stock Exchange's IPO. LIC holds a significant 10.7% stake in NS...18 Jun, 2026, 10.21 AM IST
- Five reforms India needs before the next shockIndia faces economic vulnerabilities from external crises. Five reforms are proposed to build resilience. These include reducing gold and c...17 Jun, 2026, 11.59 PM IST
- Tata says India pollution board drops scrutiny of Apple iPhone parts plantTata Electronics, an Apple supplier, has cleared pollution concerns at its iPhone plant in Tamil Nadu. The state pollution control board dr...16 Jun, 2026, 09.53 PM IST
- Investing abroad? These 7 costly mistakes could trigger an income tax noticeWealthy Indians are investing more abroad. However, they must understand the rules to avoid trouble. Mistakes like misusing investment rout...15 Jun, 2026, 11.54 PM IST
- Income tax alert: These taxpayers could receive scrutiny notices by June 30, 2026 under Section 143(2)The CBDT has set June 30, 2026, as the deadline for issuing scrutiny notices under Section 143(2) for FY 2025-26 returns. An internal deadl...15 Jun, 2026, 03.57 PM IST
- EPFO asks retired employee to return Rs 2.5 crore PF money over company's trust exemption lapse; he fights in HC and winsA retired employee received relief from the Telangana High Court. The Employees' Provident Fund Organisation had demanded Rs 2.5 crore PF m...15 Jun, 2026, 10.31 AM IST
- LIC targets stronger market leadership as it approaches its platinum jubileeLIC CEO R Doraiswamy stated the corporation will maintain its leadership in the life insurance sector and contribute to national developmen...14 Jun, 2026, 10.53 AM IST
- Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...12 Jun, 2026, 07.11 AM IST
- Income Tax Department issues ITR scrutiny guidelines: These ITR filers may face compulsory scrutiny in FY 26-27The CBDT has released new guidelines for compulsory income tax return scrutiny in FY 2026-27, impacting returns filed in FY 2025-26. Specif...08 Jun, 2026, 01.39 PM IST
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