Malaysia replaced streetlights with roads that glow in the dark, but this futuristic idea, which promised to revolutionize night driving, ended up running into a very down-to-earth problemMalaysia explored futuristic glow-in-the-dark road markings to enhance safety and reduce energy use. The pilot project in Hulu Langat showe...
FCNR FD interest rates: SBI vs PNB vs HDFC Bank vs ICICI Bank - which gives you best rates; eligibility and taxation on interest explainedFCNR interest remains exempt from tax as long as the depositor qualifies as an NRI or resident but RNOR under Section 10(15)(iv)(fa) of the...
Where’s the Indian mutual fund sector going ahead? 6 big trends to watch out forMutual fund trends highlight a structural shift in investor preference towards mid and small caps, sectoral themes, and multi-asset funds, ...
No loss of income tax refund under new Income Tax Act 2025: Loss can be set-off with tax refund due under old 1961 Income Tax ActTaxpayers can now have their income tax refunds from the old 1961 Act set off against demands under the new 2025 Act, and vice versa. The g...
Jindal Films' class action suit: NCLAT declines to stay NCLT orderThe appellate tribunal NCLAT has refused to halt a National Company Law Tribunal order. This order allows a class action lawsuit against Ji...
Income Tax Department finds Rs 5 crore cash in his house; Know how a 2008 circular saved him from prosecutionThe Supreme Court overturned Krishnaswami's tax evasion prosecution, citing the Income Tax Department's violation of its own circulars. The...
Don’t be surprised if you get lesser income tax refund this year, the income tax dept is adjusting past dues against this year’s refundIncome Tax Notice: "Since there are pending assessment / re-assessment proceeding in the case of taxpayer, the refund release/withhold will...
Jindal Poly Films questions the maintainability of class action suitJindal Poly Films Ltd challenges the validity of a class action suit initiated by minority shareholders before the National Company Law Tri...
I-Sec's minority investors file suit challenging delisting processGupta has confirmed filing the suit under Section 245 of the Companies Act, stating that more than 100 investors have already consented to ...
Got an income tax notice for an old incorrect tax demand? Call this new helpline of tax dept for free helpIncome tax department has launched a facility called 'Demand Facilitation Centre' (DFC) for helping people solve their pending tax outstand...
Waiting for income tax refund? You might not get it if tax department has sent you this noticeThe income tax department will not disburse the income tax refund either in full or part if they have served an individual with a section 2...
Scared of tax penalties and imprisonment on black money? This may help you get immunityHowever, the final decision on whether to grant immunity or not rests with the concerned tax authority where you have appealed for the same.
Issue up to Rs 5,000 refunds fast and quick: CBDT to I-T deptIt added that latest data with the CBDT suggests there are "large number" of non-scrutiny cases pending refunds upto Rs 5,000, for Assessme...
CBDT halves Income Tax refunds issue timeline to 15 days for this fiscalThis is a one-time measure to clear the backlog of refunds and accordingly the reduced timeline of 15 days shall be valid only till March 3...
Received a tax notice? Here’s what you doRefund-seekers slapped with tax notices could be because of multiple factors like upgradation of old tax records or the manual move to onli...
- 'Full disclosure of income must for case settlement'
In a significant judgement, the Supreme Court has said that the full and true disclosure of undisclosed income and their manner of acquisit...
- Don’t withhold income tax refunds needlessly: HC
Expressing concern over unusual delays in income-tax refunds, which have increased in recent years, the Delhi High Court has said in a ruli...