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₹6,329 crore from the income tax department. Nonetheless, the company is concurrently confronting a substantial tax liability of ₹2,763 crore as per assessment orders. The directives are in accordance with different provisions outlined in the Income Tax Act of 1961.

U.S. auto safety regulators are investigating complaints that more than 540,000 Ford pickup trucks can abruptly downshift to a lower gear and increase the risk of a crash

The collapse of the Francis Scott Key Bridge in Maryland is a multi-layered tragedy: For the families and friends of those killed or presumed dead, it’s a profound and personal loss

₹1.5 lakh deduction under Section 80C is prominently advertised and straightforward, causing many to assume it’s the sole option available. The complexity of tax laws often complicates the process for many individuals. The intricacies of the Income Tax Act can be challenging to navigate, and understanding its various sections and deductions can be intimidating for some.

Mint analysis of the data released by the Election Commission of India showed. The Bharatiya Janata Party (BJP) led with over 40 repeat corporate donors demonstrating loyalty, followed by the All India Trinamool Congress (AITC) with 16. This analysis defines loyal donors as companies that donated more than once—and each time to the same party.

As the financial year draws to a close, various income tax-saving investment avenues, such as the Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), and National Pension System (NPS) necessitate minimum contributions to maintain their active status. Therefore, if you hold an account in any of these schemes and haven't made any deposits for the current financial year, you must do so by March 31.

Ahmedabad turning her celebratory mood into a frustrating mess. The Vadodara District Consumer Disputes Redressal Commission recently imposed a fine of Rs 5,000 on the boutique, La Vichitra, for causing «mental trauma» to the woman. The incident unfolded when the complainant, Deepika Dave of Ahmedabad, visited the boutique in October 2017 to have three matching blouse pieces stitched for saris she had purchased elsewhere. Additionally, she provided two dresses for her daughter's stitching, paying a total of Rs 5,000 for the job. Upon trying on the garments in November 2017, Dave discovered that all three blouses and her daughter's dresses were improperly stitched. Despite her request for the boutique to rectify the issue at no extra cost, the owner refused.

Securing a personal loan at the best interest rates doesn’t necessarily require advanced negotiation skills. Since personal loan interest rates vary, it’s essential to shop around to determine which financial institution aligns best with your needs. To start, obtain quotes from various lenders, including banks, credit unions, and online lenders. Below are some suggestions for negotiating improved terms on your personal loan. 

personal loans, it entails steadily reducing the loan balance with each monthly installment until the loan is completely repaid by the end of its term. Here’s an overview of how it operates for personal loans: Put plainly, amortisation enables you to steadily chip away at the loan, addressing the interest along with the principal amount throughout the loan duration. This systematic method facilitates consistent budgeting and guarantees full repayment of the loan by the term’s conclusion.

Assam government has extended the Armed Forces (Special Powers) Act, 1958 in four districts for six months from April 1. The state government's political department issued a notification, stating that the 'Disturbed Area' tag under the AFSPA has been extended in areas covering Tinsukia, Dibrugarh, Charaideo and Sivasagar districts. The Assam Police had submitted a report, asserting that there was an improvement in the law and order situation in the state, barring one militant organisation being active in the four districts.

₹150, say, and if it’s tails, you lose ₹100. Since either outcome is half likely, this punt’s pre-toss expectation value is ₹75 to be won and ₹50 lost—which should make us go for it. Yet, many of us would shrink from it because “losses loom larger than gains." So, while the ₹25 extra on the table is a rational prospect, it may still fail to cover the psychic pain of possibly losing ₹100.

—Name withheld on request Reasonable and customary charges refer to standard charges, which are common for a particular line of treatment in the geographical area for similar types of hospital. If the clause is applicable in the policy, an insurer can limit the extent of reimbursement to the extent of what they consider as reasonable. The primary objective of this clause is to prevent overcharging by the hospital in connivance with the policyholder.

Bankman-Fried's lawyers have seized upon the skyrocketing prices of various cryptocurrencies and AI assets held by FTX, arguing that this development could mitigate the financial harm caused by their client's actions. They have made a bold claim, stating: “Each victim... will receive 100 cents on the dollar, plus interest." The defence team has argued for a lenient sentence for Bankman-Fried citing the recovery efforts in the aftermath of FTX's collapse.

NEW DELHI : In line with the Indian government’s Make-in-India initiative, Israel Aerospace Industries has launched its Indian subsidiary, Aerospace Services India, with plans to set up a large-scale hub for maintenance, repair and overhaul (MRO) of defence equipment in Gurugram, the Indian subsidiary’s top official said in an interview. “We are planning to build a large MRO in Gurgaon area.

The interest rates offered on savings and money market accounts have risen dramatically, but you wouldn’t know it based on the returns American savers are reporting.

MUMBAI : Gopika Gopakumar [email protected] mumbai The Reserve Bank of India (RBI) on Wednesday tweaked rules governing investments in alternative investment funds (AIFs), offering some relief for lenders forced to make large provisions, and investors suddenly facing a drought of capital. In December, RBI ordered banks and non-bank lenders to sell their investments in AIFs, which had further invested in companies to which the lenders had given loans in the previous 12 months; otherwise, they had to make 100% provisions against them.

Nitin Gadkari today said that the government is ending toll and the new satellite based toll collection system will be introduced soon. «Now we are ending toll and there will be a satellite base toll collection system. Money will be deducted from your bank account and the amount of road you cover will be charged accordingly. Through this time and money can be saved. Earlier, it used to take 9 hours to travel from Mumbai to Pune, now it is reduced to 2 hours,» Nitin Gadkari told ANI. Discussing the Bharatmala Pariyojana, which aims to develop approximately 26,000 km of economic corridors, Nitin Gadkari emphasized their significance alongside the Golden Quadrilateral (GQ) and North-South and East-West (NS-EW) corridors in handling the bulk of freight traffic on roads. He expressed confidence that the project will revolutionize the nation's future by 2024. Gadkari articulated his ambition to elevate India's National Highway road network to the standard of America, expressing assurance in his ability to achieve this goal.

CIBIL score, is typically inversely proportional to insurance premium. In other words, higher the credit score, lower the premium and lower the score, higher the premium. Impact on premiums: A high CIBIL score (indicating good financial history) can lead to lower insurance premiums, especially for car insurance.

Pension Fund Regulatory and Development Authority (PFRDA) has improved the security of the National Pension System (NPS) by implementing a new security layer, two-factor Aadhaar-based authentication, which will be required for all password-based users logging into the CRA system beginning April 1, 2024, according to the PFRDA circular dated on March 15, 2024.