Department Financial News

Deepak Fertilisers And Petrochemicals Corporation Ltd on Monday said its subsidiary has received a demand notice of Rs 226.32 crore from the Income Tax Department for assessment years 2017-18 and 2018-19. In a regulatory filing, the company informed that the order imposing penalty has been passed against its wholly owned subsidiary Mahadhan AgriTech Ltd. The demand notice dated March 30, 2025, has been issued by Assistant Commissioner of Income Tax- Central Circle, Mumbai. The total penalty demands under various sections of the Income Tax Act 1961 amount to Rs 226.32 crore for assessment years 2017-18 and 2018-19, it added.

independent investigation into a Signal group chat where top Trump administration officials, including Defense Secretary Pete Hegseth and National Security Adviser Mike Waltz, shared sensitive military details about planned strikes in Yemen. The chat, which inadvertently included *The Atlantic*’s editor-in-chief Jeffrey Goldberg, has sparked bipartisan alarm over national security protocols. While Democrats demand resignations, Republicans like Sen. James Lankford (R-Okla.) argue an inquiry is “entirely appropriate” but stop short of calling for dismissals, calling such demands “overkill.”

Subscribe to enjoy similar stories. Users could face service quality issues as telecom operators struggle to expand networks, with about 15 states yet to align with the Centre’s updated Right of Way (RoW) rules to deploy telecom infrastructure, three executives aware of the matter said.

Subscribe to enjoy similar stories. WASHINGTON : Many Trump administration officials work on national security or artificial intelligence. Michael Kratsios is thinking about how they collide.

MI, struggling with a 0-2 start to the season, will be hoping to secure their first win in front of their home crowd. On the other hand, KKR, the defending champions, are brimming with confidence after a commanding victory over Rajasthan Royals. With both teams dealing with their share of injuries and form concerns, here’s a look at the likely playing XIs for the match and key predictions for your Dream11 Fantasy teams.

Income Tax Department. The taxmen are seeking verification of the previous-year claims filed in the Income Tax Returns (ITR). If, however, the taxpayer has made a mistake and wants to rectify the tax returns for earlier years, they have until March 31 to submit an updated-and rectified-ITR to account for the gap. ET explains below what the relevant TDS provisions entail, and what a taxpayer should do when served a notice.

IAS officers if they fail to file their property details within the prescribed time limit. Ninety-one Indian Administrative Service (IAS) officers did not file their immovable property returns (IPRs) in 2024 and 73 the year before, according to 145th report of the Department-related Parliamentary Standing Committee on Personnel, Public Grievances, Law and Justice on the Demands for Grants (2025-26) pertaining to the Department of Personnel and Training (DoPT). The report was tabled in Parliament on March 27. Vigilance clearance, mandatory to join certain posts, was denied to 15 IAS officers in 2023, 12 in 2022 and 14 in 2021, due to non-filing of IPRs for respective years. The panel recommended that a centralised compliance monitoring mechanism may be established to ensure timely filing of IPRs by all IAS officers. «This mechanism should involve creation of a dedicated task force within the department responsible for tracking and filing status of all officers. Additionally, the committee proposes to introduce penalties or corrective actions for non-compliance, including automatic escalation procedures for officers who fail to file their IPRs despite reminders,» the report said.

The women student protest leaders of Bangladesh will be honoured with the 'Madeleine Albright Honorary Group Award', named after the first woman to serve as US Secretary of State. «A valiant group of women were key drivers in the student protest movement against violent repression in Bangladesh in July-August 2024. They demonstrated extraordinary bravery, including standing between security forces and male protestors in spite of threats and violence,» the State Department said in a statement. «When their male counterparts were arrested, these women found innovative ways to continue communication and lead the protests, defying censorship efforts, even during the complete shutdown of the Internet. The bravery and selflessness of these women amid uncertainty was the very definition of courage,» it said. However, the State Department did not name any particular individual for the award.

Subscribe to enjoy similar stories. New Delhi: The government is preparing to decriminalize more than 100 offences under various laws by the end of this year to improve investor confidence and unlock potential for faster economic growth, three persons familiar with the development said.

As the due date for the revised return of income for AY 2024-25, 31 December 2024, has passed, you cannot revise your income tax return for the said year to claim the TDS credit not claimed in the original return.

Once DC openers made a quick start off the block, the result was never in doubt, but their approach was vastly different. Du Plessis wound the clock back with some stunning shots, such as a straight six off Pat Cummins. But at other end, McGurk was struggling for his timing, partly because of his exaggerated back-lift and partly because of his desire to hit all the ball out of the park. However, his senior partner was willing to do the heavy-lifting and brought up his fifty in 26 balls.

Binance have come under the glare of the tax authorities. Over the past few weeks, the Income Tax (I-T) department has inquired whether the 1% tax deducted at source (TDS) levied on such deals have been collected. Local investors must either provide proof of TDS deduction or submit documentary evidence on why TDS is not applicable to them, according to notices served by the tax office. Probing into the traders' source of money, the department has sought their I-T returns for the years when the funds used to purchase cryptos were earned. A few scrutiny notices, questioning the transaction data downloaded from the website of the offshore exchange, have imposed 30% tax on the entire turnover instead of claiming tax on the gains.

U.S. Military Pay Chart 2025 is a necessary reference for financial remuneration. Pay in the military is tiered by rank and years of service so that remuneration is equitable as per experience and responsibility. The US Military Pay Chart 2025 provides structured pay scales for members of the military with allowances, incentives, and benefits included. Besides basic salaries, military members also receive supplementary financial assistance, such as free medical care, housing allowance, retirement pay, and special allowances, to ensure their total compensation package is competitive and complete.

Vodafone Idea (Vi), the government has decided to convert the operator’s outstanding spectrum auction dues, including deferred dues repayable after expiry of the moratorium period, into equity shares worth Rs 36,950 crore. The move — as sought by the beleaguered telco — will take the government’s stake in Vi to around 48.99% from 22.6% now. Vi’s promoters — UK’s Vodafone Plc and India’s Aditya Birla Group (ABG) — though, will continue to have operational control of the company. “…the ministry of communications, in line with the September 2021 Reforms and Support Package for the Telecom Sector, has decided to convert the outstanding spectrum auction dues, including deferred dues repayable after expiry of the moratorium period, into equity shares to be issued to the Government of India under Section 62(4) of the Companies Act, 2013,” Vi said in an exchange filing Sunday evening.

Vodafone Idea on Sunday announced that the government stake in the company will increase to 48.99 per cent with fresh acquisition of shares worth Rs 36,950 crore. The development is in line with the September 2021 Reforms and Support Package for Telecom Sector. The telecom operator's outstanding spectrum auction dues, including deferred dues repayable after expiry of the moratorium period, will be converted into equity shares to be issued to the Government of India under Section 62(4) of the Companies Act, 2013, the company said in an exchange release. The acquisition was communicated to the company through an order on March 29 and was received by the company today.

Dr. Peter Marks sent a letter to Acting FDA Commissioner Sara Brenner on Friday saying that he would resign and retire by April 5 as director of the Center for Biologics Evaluation and Research. In his letter, obtained by The Associated Press, Marks said he was “willing to work” to address the concerns expressed by Robert F. Kennedy Jr. about the safety of vaccinations. But he concluded that wasn’t possible. “It has become clear that truth and transparency are not desired by the Secretary, but rather he wishes subservient confirmation of his misinformation and lies,” he wrote. ALSO READ: Double trouble for Pete Hegseth? US Defense Secretary under fire for another controversy amid chat leak row

Signal chat leak row mounted troubles for US Defense Secretary Pete Hegseth, he is under fire again- this time for allegedly bring his wife to high-sensitive military meetings, reports the Wall Street Journal. Pete Hegseth's wife attended two meetings with foreign defense officials during which sensitive information was discussed, the report stated. The WSJ's report on Pete Hegseth comes at a time when he is already facing scrutiny for detailing plans of a military strike in a group chat on Signal, made public by a journalist at the Atlantic who had been added to the chat. Multiple Democrats have called for his resignation while a bipartisan group of senators sent a letter to the defense department calling for an inquiry into the group chat. ALSO READ: 'I am almost done...': Elon Musk to quit DOGE and leave Washington DC after $1 trillion in US govt cuts

Dhoni's unbeaten 30 off 16 balls only has value for nostalgia merchants as the former India captain is doing disservice to his team by coming in to bat when all is seemingly lost. In this backdrop, playing RR on a surface which is «more Chepauk-ish than typical Barsapara Stadium track full of runs» might just help CSK get a win against a side that also doesn't boast of a great bowling attack. Also Riyan Parag is too raw as a skipper and to put it mildly seems completely out of place for a high stakes assignment like leading a billion dollar franchise. But all these years, CSK had the personnel to play that game, especially in the bowling department, which doesn't look top notch this year.

Trump. The March 5 notice raised alarms from immigration and free speech advocates because it appears to expand the government's reach in social media surveillance to people already vetted and in the U.S. legally, such as asylum seekers, green card and citizenship applicants — and not just those applying to enter the country. That said, social media monitoring by immigration officials has been a practice for over a decade, since at least the second Obama administration and ramping up under Trump's first term. Below are some questions and answers on what the new proposal means and how it might expand social media surveillance.

international students in the US have received emails from the US State Department instructing them to self-deport due to alleged involvement in campus activism. Immigration attorneys confirmed to TOI's Lubna Kably that some Indian students are also among those affected, with actions as minor as sharing a social media post leading to visa revocations. This crackdown follows a directive from Secretary of State Marco Rubio, which mandates social media reviews of both current international students and new applicants for student visas. Those found in violation face visa cancellations, making them ineligible to study in the US. Axios previously reported that this effort, powered by artificial intelligence, has resulted in the revocation of over 300 student visas. Affected students have been informed that their Student and Exchange Visitor Information System (SEVIS) records have been terminated, leaving them no grace period to stay in the country. The email states, «On behalf of the US Department of State, the Bureau of Consular Affairs Visa Office hereby informs you that additional information became available after your visa was issued. As a result, your F-1 visa with expiration date XXXXX was revoked in accordance with Section 221(i) of the US Immigration and Nationality Act, as amended.»

Tesla dealerships to express their opposition to billionaire Elon Musk's involvement in the US government, Al Jazeera reported. Musk, the head of the Department of Government Efficiency (DOGE), has faced criticism for his efforts to cut government spending and access sensitive data. The protests, organised by a group including disgruntled Tesla owners, celebrities, and a Democratic lawmaker, aim to pressure Musk to resign from his government position. Saturday's demonstrations marked the first coordinated effort to target all 277 Tesla locations in the US, as per Al Jazeera. In New York City, hundreds of protesters gathered in front of the Manhattan Tesla store, demanding Musk's resignation. These demonstrations coincide with a decline in Tesla sales, which the organizers hope to exacerbate further. The protesters were gathered at the call of environmentalists from Planet Over Profit, who believe that «stopping Musk will save lives and protect our democracy.»