Department Financial News

joint secretaries have been appointed in different central government departments as part of a senior-level bureaucratic reshuffle effected on Friday by the Centre. These officers are from Indian Administrative Service (IAS), Indian Police Service (IPS), Indian Revenue Service (IRS) and India Postal Service (IPoS) among others. Senior bureaucrat Deepankar Aron has been named joint secretary, department of chemicals and petrochemicals, Harish Kumar Vashisth will be joint DG, Directorate General of Civil Aviation and Siddharth Mahajan has been named as joint secretary in the department of commerce, according to a personnel ministry order. Anand Madhukar will be Additional DG, Archaeological Survey of India, Swati Meena Naik has been named as the joint secretary, department of drinking water and sanitation, and Ravi Shanakar and Gulzar N will be joint secretaries in the department of food and public distribution.

Bharat Rashtra Samiti (BRS) MLC K Kavitha was taken into custody on Friday evening. The development came hours after Income Tax Department (I-T) and Enforcement Directorate (ED) officials conducted searches at her Hyderabad residence, according to media reports. Earlier on Friday, at least 10 officers from both agencies from New Delhi had conducted searches in the presence of Kavitha and her husband D Anil Kumar. It was not clear if the action is linked to the now-scrapped Delhi excise policy linked case of the central agency in which the ED has questioned the BRS MLC and daughter of former Telangana chief minister Chandrashekar Rao, PTI reported citing official sources. The ED had claimed Kavitha was linked to a «South Group» lobby of liquor traders who were trying to play a larger role under the now scrapped Delhi excise policy for 2021-22.

AIS (Annual Information Statement) compliance portal, as it has been showing highly inflated data for certain specific types of transactions. The Central Board of Direct Taxes (CBDT) has said on its website that the inconsistent data(s) have been fixed and now the correct data has been updated as of March 15, 2024. «You are also requested to compute your Advance Tax liability and pay the same on/before 15th March 2024. Data pertaining to Information categories 'Sale of securities and units of mutual fund', 'Purchase of securities and units of mutual funds', 'Off market credit transactions' & 'Off market debit transactions' has been updated, kindly check the same in AIS. Taxpayers are recommended to verify the correctness of the information displayed in AIS by providing the feedback,» said CBDT on their website as of March 15, 2024, 4pm. Also read: How selling equities before March 31 can help you save income tax.

Congress got only 11 percent," the Congress President said. Mallikarjun Kharge demanded a special investigation into the donations made through electoral bonds and said that the account of the BJP must remain frozen till the completion of the probe. "Even our voter pattern (percentage) if you see we are nearly one-third and the rest of the people are two-third including BJP, but in donations, they got more than 50 percent.

The number of Americans applying for jobless benefits last week inched up but largely stayed at historically low levels as the labor market continues to thrive despite elevated interest rates

Federal civil rights investigators are looking into whether protected health information was exposed in the recent cyberattack on Change Healthcare

The first two flights last year lasted mere minutes before blowing up.

American shoppers picked up their spending a bit in February after pulling back the previous month

JPMorgan is facing nearly $350 million in fines from bank regulators due to issues with its trade surveillance program

₹837-crore (about $100 million) project to curb cyber crimes in the state. As part of a $100-million deal with the Maharashtra State Cyber Department, LTTS will also design a cybersecurity system for the state, with KPMG Assurance and Consulting Services LLP as its forensics partner.

advance tax payment liabilities have been facing problems of wrong or inflated incomes being shown in their Annual Information Statements (AIS). Taking cognisance of this issue, the Central Board of Direct Taxes (CBDT) has asked the taxpayers to wait for the updated data to be reflected on its 'AIS Compliance Portal' as certain financial data related to stock market and mutual fund transactions are being updated. «Data pertaining to Information categories 'Sale of securities and units of mutual fund', 'Purchase of securities and units of mutual funds', 'Off market credit transactions' & 'Off market debit transactions' is being updated. Kindly wait for the updated data to be reflected on the portal,» CBDT stated on the AIS Compliance Portal website. Since the fourth instalment of advance tax for individuals is due on March 15, 2024 for FY 2023-24, many individuals might be worried if they would be penalised if there is a discrepancy. Experts suggest that there is no need to be anxious about paying advance tax on such inflated/wrong transaction value data on AIS.

PTI. However, between 22-24 March, fresh spells of rain/snow are likely at many places in Jammu and Kashmir. In Uttarakhand, the IMD has predicted dry weather in all districts of the state.

income tax amount that is required to be paid in installments according to specified due dates, rather than in a single lump sum. Both individuals and businesses are obligated to pay income tax in advance through periodic installments, rather than in one consolidated payment. June 15: Pay 15% of the advance tax.

Flight services at Sikkim's only airport in Pakyong will resume on March 31 after remaining suspended for six months, a senior official said on Thursday. Low-cost carrier SpiceJet will operate two flights — one from Kolkata and another from New Delhi, Pakong airport Director RK Grover told PTI. The airline will operate daily flights between Kolkata and Pakyong, while the flights between New Delhi and Pakyong will be operated five days a week, he said. SpiceJet will operate 78-seater aircraft on both routes, he added.

By Bansari Mayur Kamdar and Shashwat Chauhan

In a wide-ranging, exclusive interview with FOX Business, Treasury Secretary Janet Yellen talks about the state of the economy and Biden's new proposed budget.

UBS Wealth Management Senior Vice President Brenda O'Connor Juanas and Strategic Wealth Partners investment strategist Luke Lloyd discuss retail earnings, rate cuts, bitcoin soaring to record highs and February's CPI.

(Reuters) — Macy's (NYSE:M) investor Arkhouse Management said on Thursday the U.S. department store was in talks with the investment firm for opening its books for due diligence on the prospects of a higher offer.

By Marianna Parraga

Maine will be a key toss-up state in the 2024 presidential election. Maine is only one of two states that splits its electoral votes and the second congressional district has voted twice for Obama then twice for Trump.

There have been mixed reports of bonuses at Bank of America. While some people there were pleasantly surprised, others are said to have had aCiti-esque shock. At the top of the investment bank, however, all was well.