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Six companies, six tricks in Indian balance sheets, and how investors get taken for a rideWhenever an Indian company imports goods, borrows in foreign currency, earns overseas revenue, or runs a foreign subsidiary, forex accounti...
Vodafone Idea raises Rs 1,182 crore from promoter Aditya Birla GroupVodafone Idea secured Rs 1,182 crore from promoter Aditya Birla Group via warrants, a crucial step towards its Rs 1 lakh crore cash generat...
Kerala CM VD Satheesan presents maiden UDF budget for 2026-27Kerala's Chief Minister VD Satheesan presented the state's first budget for the financial year 2026-27. The government inherited a signific...
The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
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 ...
ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...
Pension is salary, family pension is not: Key tax rules pensioners must know before filing ITR for AY 2026-27Pension and family pension are taxed differently under the Income-Tax Act, yet many taxpayers continue to confuse the two while filing retu...
Vi pins hope on cashflow growth, loans, tax refunds to meet Rs 1 lakh cr cash requirementVodafone Idea plans to raise over Rs 1 lakh crore in the next three years. This will fund network upgrades and debt payments. The company e...
Man bought demo car at big discount, RTO officer seized it citing Rs 60 lakh road tax dues; Karnataka HC gives relief to car ownerA Bengaluru RTO officer unlawfully seized Mr. Rama's demo car, leading to a zero FIR and charges of fraud. The Karnataka High Court quashed...
Govt mandates aggregators to register gig workers on portal within 45 daysAggregators must now upload gig worker details to a central portal within 45 days to comply with the Code on Social Security, 2020. Failing...
Aggregators to be charged interest at 12% per annum if they fail to contribute toward social security of their gig workersAggregators now face a 12% annual interest penalty for delayed social security contributions for gig workers. All aggregators must upload g...
How managements hide debt, losses, and disputes without breaking a single accounting rule – and take investors for a rideA listed company rarely operates alone. Behind it can sit a web of subsidiaries, step-down entities, associates, overseas arms, and special...
ITR filing 2026: Don’t miss these key income tax deadlines for FY 2025–26 (AY 2026-27)Navigating income tax deadlines for FY 2025-26 (AY 2026-27) is crucial to avoid penalties. The Income Tax Department has set specific due d...
Has the GSTR-3B return filing due date for the March 2026 tax period been extended?Tax professionals are struggling to file GSTR-3B for March 2026. The GST portal is experiencing significant slowdowns, preventing logins an...
Airtel prepays an additional Rs. 5,985 crores of high-cost spectrum liabilitiesBharti Airtel and its subsidiary, Bharti Hexacom, have prepaid Rs. 5,985 crores to the Department of Telecom, settling 8.65% interest liabi...
Govt to acquire Vodafone Idea stake after share price stabilises at Rs 10 or aboveVIL shares are trading below Rs 10 since April 19. The stock declined by 0.82 per cent to close at Rs 9.69 on BSE on Thursday.
Guidelines for telcos' dues conversion into equity likely in a month: OfficialUnder the telecom reforms package announced last year, three debt-ridden telcos -- Vodafone Idea Ltd (VIL), Tata Teleservices Ltd (TTSL) an...
VIL, Tata Teleservices, TTML will not become PSUs: Govt"These three companies will not become PSUs. These three companies will continue to be managed as professionally run private companies," Te...
- No need for TDS remittance until earner’s identity is clear
You have no liability to pay TDS until you know the identity of the person who receives the income. This is the upshot of a Mumbai Income-T...
- Pay TDS only for identified receiver of income
The ITAT, the second appellate body on tax matters, gave this order in an appeal filed by Industrial Development Bank of India (IDBI).