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EMPLOYEE IMPOSED WITH PENALTY
Shriram Wealth plans to expand into Rs 10 lakh-Rs 2 crore client segment: CEO Vikas Satija- Employee got Rs 30 lakh salary after job switch, forgot to file ITR, Income Tax dept imposed Rs 3.74 lakh penalty; he fought and won the case in ITAT Delhi
- Meta rejects claims it sought to hook children to Facebook, Instagram as landmark trial begins
- Meta rejects allegations it sought to hook children as landmark trial beginsFour lead states - California, Colorado, Kentucky and New Jersey - accuse Meta of designing Facebook and Instagram to hook young users, fue...19 Aug, 2026, 01.27 AM IST
- 29 states in US want Meta to change how Facebook and Instagram operate and give $1.4 trillion penalty; the case now threatens Mark Zuckerberg's AI planA groundbreaking federal trial has begun against Meta Platforms, with 29 US states alleging that the company intentionally designed its soc...18 Aug, 2026, 04.22 PM IST
- Moving back to India? What NRIs need to know about US tax obligationsFrom RSUs to retirement accounts, what returning Indians must settle before—and after—they land. The first thing to understand is that immi...17 Aug, 2026, 12.41 PM IST
- There is one line where a loss can hide for years. If you own the stock, you find out lastEvery rupee a company spends has to be accounted for somewhere. A cost may be charged as an expense and reduce current profit, or it may be...14 Aug, 2026, 10.56 PM IST
- Presumptive taxation for professionals: The 50% rule remains-but what changes for deductions and losses under the new tax Act?The 50% presumptive taxation rule for professionals largely continues under the new Income-tax Act. However, Section 58(4) introduces a wid...12 Aug, 2026, 11.08 AM IST
- Gratuity tax deduction denied due to ITR filing error? ITAT Chennai says genuine claims can't be rejectedDue to incorrect schedule in original ITR gratuity tax deduction under Section 43B denied; ITAT Chennai gives relief and says a genuine ded...08 Aug, 2026, 07.00 AM IST
- Reporting perquisite as capital gain in ITR by mistake resulted in Rs 6.63 crore penalty for a salaried employee; ITAT Mumbai granted him relief for this reasonRs 6.63 crore penalty imposed on salaried employee for reporting perquisite as capital gains in ITR; ITAT Mumbai grants relief, says salari...31 Jul, 2026, 02.15 PM IST
- Stocks in news: HDFC Bank, BEL, Coal India, Adani Energy, Tata PowerIndian stock markets rebounded strongly on Monday, driven by easing global tensions. HDFC Bank concluded an internal review, while Bank of ...28 Jul, 2026, 06.00 AM IST
- HDFC Bank fines CEO, CFO Rs 1 lakh each over MSRDC deposit caseIn a notable move, HDFC Bank has penalized senior executives and delivered warning letters after conducting an internal assessment of a dep...27 Jul, 2026, 04.46 PM IST
- HDFC Bank fines CEO, CFO ₹1 lakh each after MSRDC review finds 'business overreach'HDFC Bank has taken disciplinary action against certain employees after finding them guilty of business overreach related to deposit arrang...27 Jul, 2026, 04.14 PM IST
- Infosys fined around ₹2 crore in France over employee time-tracking systemA French labor authority imposed a €175,000 fine on Infosys for shortcomings related to its working-time recording system compliance. The a...27 Jul, 2026, 02.55 PM IST
- ITR filing: Received Section 143(1) intimation with tax demand? Respond within 30 days or risk being treated as an ‘assessee in default’; know how to do itTaxpayers must respond to Section 143(1) intimations with tax demands promptly. Failure to respond within thirty days can lead to penalties...23 Jul, 2026, 12.54 PM IST
- Salary has to be paid before 7th day of the succeeding month under new labour code; Know what else the new labour code says about salary timelineUnder the new labour code, employers must pay salaries by the seventh day of the following month. Daily wage workers must be paid at the en...20 Jul, 2026, 11.03 AM IST
- How a dispute over ecommerce firm Coupang is testing US-South Korea tiesSouth Korea's decision to fine e-commerce firm Coupang over a data leak has drawn criticism from Washington and raised questions about the ...20 Jul, 2026, 08.02 AM IST
- How a dispute over ecommerce firm Coupang is testing US-South Korea tiesSouth Korea's fine on ecommerce firm Coupang has drawn significant US criticism. This dispute raises concerns about Seoul's openness to Ame...17 Jul, 2026, 03.38 PM IST
- ITR 2026: Common income tax return filing mistakes that cost employees lakhsA careful, timely, and well-documented filing approach can help employees avoid notices, interest, penalties, and refund delays while ensur...16 Jul, 2026, 12.12 PM IST
- EPFO launches VISHWAS 2026 scheme: Six-month window offers relief in delayed PF dispute cases; check eligibilityEPFO 2026 scheme: The Employees' Provident Fund Organisation (EPFO) has introduced VISHWAS, 2026, a dispute resolution scheme. This initiat...13 Jul, 2026, 12.14 PM IST
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