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TAX PAYMENT SHORTFALL
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 ...- Social Security crisis 2032: Could a 22% benefit cut slash retirement income for millions of Americans if Congress fails to act?Social Security crisis 2032 is no longer a distant warning. Current projections show the trust fund could face depletion by 2032, triggerin...
- Social Security benefits June 2026: Who gets paid June 10 and what could future benefit changes mean?Social Security payments remain a top concern for millions of retirees in June 2026. The latest Social Security payment arrives June 10 for...
- Open MSP procurement, storage to private sector: StarAgri CEOStarAgri CEO Amith Agarwal advocates a bigger private-sector role in MSP procurement and storage to boost efficiency, warehousing capacity,...
- Banks are cutting credit card perks quietly; Learn how to get more value from your walletMany banks have recently reduced credit card rewards, cashback limits, and perks, prompting cardholders to reassess their spending strategi...
- Is your mutual fund SIP secretly crushing the Indian rupee? Jefferies explains the bitter side of the storyIndia's strong mutual fund SIP culture is helping foreign investors exit the equity market. This is putting pressure on the Indian Rupee. J...
- Social Security benefit cap proposal warning: will this new limit quietly cut how much retirees receive annually?Social Security benefits cap proposal 2026 is reshaping retirement talks in the US. A key warning shows a $230 billion annual shortfall in ...
- Social Security 2027 crisis update: $190B cuts, $50K benefit cap proposal—are wealthy retirees about to face payment limits now?The Social Security proposal 2026 could reshape retirement payouts fast. New data shows up to $190 billion may be cut in ten years. The pla...
- Is Social Security going broke in 2032? Here’s what new data shows about who will still be paid and who may have to worryIs Social Security going broke in 2032? New data signals a looming trust fund crisis. Benefits will not vanish completely after depletion. ...
- Central Bank of India gets Rs 296-cr demand notice from Income Tax DeptCentral Bank of India has received a Rs 296.08 crore demand notice from the Income Tax Department for a tax shortfall in FY25. The bank is ...
- Net direct tax kitty swells 8% on strong India Inc showNet direct tax collections have risen 8% to ₹17.05 lakh crore by December 17, driven by strong corporate tax payments and reduced refunds. ...
- FinMin notifies corrigendum to I-T Bill on interest for advance tax short-paymentThe finance ministry has issued a corrigendum to the Income Tax Bill, clarifying the interest to be levied on short payment of advance tax....
- Has the penal interest increased from 1% to 3% on advance tax payment in the new income tax bill 2025? Here’s what CAs sayThe Income Tax Bill 2025 initially contained a drafting error regarding interest calculation for advance tax payment shortfalls. The Lok Sa...
- Calcutta HC grants Delta Corp interim relief in Rs 6,384 cr tax demand caseThe Calcutta High Court has granted interim relief to Delta Corp's Deltatech Gaming Ltd in a Rs 6,384 crore goods and service tax (GST) dem...
- Delta Corp shares tumble another 9% on fresh GST noticeShares of Delta Corp, a casino operator based in Goa, dropped 9% after its subsidiary, Deltatech Gaming, received a GST shortfall notice wo...
- Delta Corp gets another GST notice, this time for Rs 6,384 crDeltatech Gaming Ltd, a subsidiary of casino operator Delta Corp, has received a goods and service tax (GST) shortfall notice worth Rs 6,38...
- Realty companies have time till Jun 30 to pay GST on shortfall in input procurement from dealersThe GST Council had allowed real estate players to shift to 5 per cent GST rate for residential units and 1 per cent for affordable housing...
- Govt banking on advance tax collection to meet direct tax target of Rs 12 lakh crThe increase of Rs 50,000 crore in the interim Budget 2019-20 has made the task of achieving the revised target a difficult proposition for...
- Penal interest applies on late payment of advance tax: Here's how to calculate itTaxpayer is liable to pay penal interest on advance tax if he has failed to pay any advance tax or the advance tax paid is less than 90& of...
- Collection of direct tax misses target againThe direct tax collection for 2009-10 fell short of target for the second time in a row due to lower payment by foreign banks and fewer mer...
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