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IMPRISONMENT FOR AGGREGATORS
Relaxation in jail term on ITR filing offence in Budget 2026: Pay fine or 2 years jail instead of 7 years if ITR not filed and tax is above Rs 50 lakhBudget 2026 significantly softens penalties for income tax defaults. The jail term for failing to file ITR with tax exceeding Rs 50 lakh is...- Relaxation in conditions for prosecution under the Black Money Act for these taxpayers: Budget 2026 announcementThe Black Money Act, 2015, imposes penalties and prosecution for wilful non-disclosure of foreign income and assets. Amendments are propose...
- New Labour Codes 2025: What changes for every worker in IndiaIndia is introducing new labour codes. These codes simplify workplace rules across all sectors. They aim for universal minimum wages and so...
- If you don’t make these 8 disclosures, your ITR may be treated as defectiveFiling income tax returns (ITR) requires careful attention to detail, as certain omissions can lead to a defective ITR. Key disclosures inc...
- 16 transactions which tax dept gets to know via SFT returns; Report them now to avoid possible jail term for misreporting incomeBanks and financial institutions file the Specified Financial Statement (SFT) with the income tax department, detailing taxpayers' financia...
- Aggregators may face jail term if they fail to pay gig workers welfare fund in Telangana- Draft BillTelangana is set to introduce a welfare board for gig workers. A Draft Bill proposes a fee on aggregators to fund the board. Failure to pay...
- Bike taxis set to make a comeback on Delhi roadsThe law department had cleared the aggregator policy, which would have provisions for bike taxis as well. The policy was likely to see the ...
- Swiggy, Zomato flag 'misinterpretation' of bike-taxi ban order by Delhi RTOThe food delivery platforms have also sought clarification from the government on the directive while claiming that there has been misinter...
- Delhi govt halts Ola, Uber and Rapido bike taxi services: ReportsThe transport department of Delhi has reportedly asked bike aggregators like Ola, Uber & Rapido to halt their tax services in the national ...
- Delhi government warns Ola, Uber, Rapido against bike taxi serviceThese companies will be fined up to Rs 1 lakh, as the use of bikes for commercial purposes violated the Motor Vehicles Act, 1988, the trans...
- Carrying passengers on 2-wheelers with private registration number in Delhi? Get ready to pay penalty of Rs 10,000In addition to the punishment, the driving license of the driver will also be suspended for a minimum period of three months under the dire...
- India needs to take a serious look at its business laws. Here's whyIn the Observer Research Foundation (ORF) report, 'Jailed for Doing Business: The 26,134 Imprisonment Clauses in India's Business Laws' (bi...
- Delhi government seeks suggestions on new Aggregators' PolicyIn order to ensure that the policy has a large-scale impact in reducing vehicular emissions, not just in the national capital but the large...
- Delhi govt to ask aggregators to completely switch to electric vehiclesThe Delhi government is going to ask e-commerce companies, food delivery services and cab aggregators to completely switch to electric vehi...
- Motor Vehicles Bill: Complete list of fines you will pay for traffic violationsThe legislation provides for stricter punishment for various traffic-related offences as well as higher penalties.
- Draft bill proposes heavy penalty, jail term to curb illegal deposit schemesThe revised draft of ‘Banning of Unregulated Deposit Schemes and Protection of Depositors’ Interests Bill, 2016 seeks to provide for a comp...
- Government may fix upper cap of fares for aggregators like Ola, UberTaxi aggregators have often faced criticism for excessive charging of fares during peak hours in the name of surge pricing.
- Two ex-bankers convicted by HC in 1992 stock market scamThe court has sentenced them to four years rigorous imprisonment and also directed them to pay a sum of Rs five crore each as compensation.
- IRS to refund certain 2009 OVDP penaltiesThe penalty refunds are based on certain conditions which set the tone for IRS' policy on this matter. Let us look at what these conditions...
- Brokers must maintain accounts of firms' fundsThe Companies (Amendment) Bill proposes to introduce certain provisions, which will plug the loophole that allows companies to rig their sh...
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