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PENAL CONSEQUENCES
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...- FSSAI asks food businesses to stop using metallic pins, wires in packagingThe FSSAI has issued a strict directive to all food business operators. They must immediately cease using metallic pins and wires for packa...
- People who grew up without seatbelt laws, bicycle helmets, or parental supervision past the front door often describe their childhoods not as reckless but as unusually free, and many are still sorting out which of those things they believeResearch indicates a decline in children's independent activity is a key driver of falling mental wellbeing. This shift from unsupervised p...
- Pregabalin moved to Schedule H1 as centre cracks down on drug misusePregabalin, a nerve pain medication, now faces stricter controls. The Union health ministry has moved it to Schedule H1. This change aims t...
- Informal ‘benami’ investments may now face confiscation; Supreme Court ruling puts family property deals under scannerWhere family arrangements are involved, they must comply with legal conditions, including joint ownership where required. Informal arrangem...
- The candidate lied. The interview was great. Now what? HR's messiest dilemma has no easy answerA workplace hiring dilemma discussed. In the case titled “Candidate lied about the dates of a job,” an applicant omitted a short-term role ...
- 2024 Haldwani riots case: SC sets aside order granting default bail to two accusedThe Supreme Court has cancelled default bail for two individuals accused in the 2024 Haldwani arson and rioting case. The court found the H...
- Canada is facing its own Brexit moment — Alberta separatists just hit a massive referendum milestone, and Ottawa has a very big problemAlberta separatists say they have enough signatures. The number is striking. Nearly 302,000 names submitted. The legal threshold was 178,00...
- 'Reel making virus': Mumbai man sets road on fire in '33' shape for social media fame on his birthdayA 33-year-old Mumbai car dealer was arrested for performing a dangerous birthday stunt, setting a public road on fire to create a social me...
- Failed to report US stocks gained via ESOP? Use this one-time Amnesty scheme; Know how it worksA one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting fo...
- Alert for CXOs and Directors: Acting as authorised signatory for a foreign company now requires PAN, address & more details under Income Tax Rules, 2026New Income Tax Rules, 2026 mandate that Indian employees acting as authorised signatories for foreign companies must now provide their PAN,...
- Rs 15 lakh PF deducted but not deposited: HC allows criminal case to continue against director of company that turned insolventThe Orissa High Court ruled that a company director will face a criminal case for failing to deposit Rs 15 lakh deducted from employee sala...
- Word of the day - ChastisementChastisement, meaning severe criticism or punishment to correct behavior, is a formal term often seen in news reporting. It signifies accou...
- SC bins plea against MHA circular on Vande Mataram, terms it 'vague apprehension of discrimination'The Supreme Court has dismissed a petition challenging a home ministry circular regarding the singing of the national song Vande Mataram. T...
- TP Ostwal on how new tax laws will help MSMEs and its pitfallsTP Ostwal highlights the risks of delayed payments to MSMEs, urging timely settlements within 45 days to avoid disallowances and hefty tax ...
- New ITR-V, ITR acknowledgement forms notified: Read updated instructions carefully or else penal consequences can applyNew ITR-V, acknowledgement form for income tax return: The income tax department has notified a new ITR-V and acknowledgement forms for FY ...
- Banks should pass reasoned orders while declaring entity/person wilful defaulter, says Bombay HCThe bench was hearing a petition filed by Milind Patel, former joint managing director of IL&FS Financial Services Limited (IFIN), challeng...
- Why TDS return filing is important: Delay in filing may cost upto Rs 1 lakh penalty, daily late feeThe last date for filing a TDS return for the first quarter of FY 2022-23 is July 31, 2022. If this deadline is missed, then there are pena...
- 36% of Indian cos not compliant with Sexual Harassment Act25% among MNCs are not compliant with the Sexual Harassment Act 2013, according to a FICCI – EY Report ‘Fostering Safe Workplaces’.
- SC waits for govt stand, to hear case on Sept 14The Supreme Court refused to put on hold the Delhi HC order decriminalising gay sex among the consenting adults. There is no penal conseque...
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