Mobile Financial News

ITR for FY 2022-23 (AY 2023-24) is December 31, 2023. While filing a belated ITR, an individual is required to pay a penalty under Section 234F of the Income Tax Act, 1961. Further, losses under various income heads cannot be carried forward in a belated ITR except for house property losses. The penalty for filing a belated ITR is Rs 5,000 if net taxable income is more than Rs 5 lakh for FY 2022-23 (AY 2023-24). If net taxable income is below Rs 5 lakh, the penalty amount is Rs 1,000. If your net taxable income is below the basic exemption limit, you do not need to pay any penalty while filing a belated ITR.

India has become the second largest mobile producing nation as locally made mobile phone shipments crossed the 2 billion cumulative mark in the 2014-2022 period, registering a 23% growth compounded annually, according to a new report. More than 98% of shipments in the overall Indian market were locally made in 2022, compared to 19% in 2014 when the current government took over, according to a report by Counterpoint Research.

Nuh district of Haryana, two weeks after it was suspended following communal clashes that claimed six lives, police said on Monday. According to the police, the service was restored Sunday midnight. Following the violence on July 31, mobile internet service was completely stopped by the government till 8 August.

airport during specific hours in the morning and evening on August 15, official said as reported by news agency PTI. However, there will be no impact on movement of scheduled flights on 15th August at the airport.

Income Tax Refund Date 2023: Over 6.8 crore taxpayers have filed their income tax returns for AY 2023-24. While many taxpayers have already received refunds, some claim to be facing a delay. Once such taxpayer recently asked the Income Tax department on social media as to why he was not getting the refund even after filing his return much before the due date.

SBI News: Several State Bank of India (SBI) customers have recently complained of facing difficulty in making EMI payments. These customers took to X platform (formerly Twitter) to share their complaints with the bank. Here’s a look at what the customers said and how the bank responded.

ISRO) is expected to conduct another orbit reduction maneuver of the Chandrayaan-3 spacecraft to take it closer to the surface of Moon, on August 14. The action is likely to take place between 11:30-12:30 pm today. The spacecraft had moved closer to the Moon's surface on August 9 after it underwent another orbit reduction maneuver.

Many bank holidays differ from region to region and from bank to bank. State-wise holidays include Tendong Lho Rum Faat, Independence Day, Parsi New Year (Shahenshahi), Tithi of Srimanta Sankardeva, First Onam, Thiruvonam, Raksha Bandhan, Raksha Bandhan/Sree Narayana Guru Jayanthi/Pang-Lhabsol.

NDTV has stated. Currently there is no official announcement on internet curbs being lifted. Earlier, the Haryana Government had extended the suspension of mobile internet and SMS services in the Nuh district till August 13.

AP, this action comes shortly before the commencement of the annual joint military exercises between South Korea and the US, exercises that North Korea perceives as practice for an invasion. Kim's efforts to increase weapons production coincide with U.S.

Kim Jong Un made another inspection tour of major munitions factories and ordered a drastic increase in production of missiles and other weapons, state media said Monday, days before South Korea and the U.S. begin annual military drills that North Korea views as an invasion rehearsal. Kim's push to produce more weapons also comes as U.S.

JB Hi-Fi says sales weakened in July after reporting a 4.3 per cent jump in revenue last year to $9.63 billion – higher than some estimates. Annual earnings and profits fell, leading to a lower dividend.

World Championships provides players with an opportunity to acquire special codes for exclusive Timed Researches. These Timed Researches are specific to each day of the championship, offering distinct challenges and rewards. To fully grasp the process of obtaining and redeeming these codes, follow the guide below.

Reliance Jio Infocomm will pay ₹7,864 crore this week to the Department of Telecommunications (DoT) towards its second instalment for 5G spectrum acquired in last year's auction, as it scales up the roll out of its next-gen mobile broadband services nationally by the year-end. The Mukesh Ambani-led telecom market leader was the largest 5G spectrum buyer in the July 2022 auction, acquiring airwaves worth ₹88,078 crore, including those in the coveted 700 MHz band.

NEW DELHI : The Union government is likely to disburse up to ₹600 crore to South Korea’s Samsung Electronics Co. Ltd for the first year under the production-linked incentive (PLI) scheme for mobile phone manufacturing, three people aware of the development said. This would be the largest payout ever under the scheme, the first in a series of similar schemes rolled out to incentivize domestic manufacturing.

Nicolas Jackson at Chelsea has garnered praise from Daniel Sturridge, who likens the young striker's playing style to a combination of a young Mario Balotelli and club legend Didier Drogba. The former Blues player spoke highly of Jackson's skills, versatility, and goal-scoring prowess, highlighting his potential to make an impact. Speaking about Jackson's signing, Sturridge expressed, «I think the signing of Nicolas Jackson, for me, is a very good signing.

Plane Crash at Lake Hickory Causes Power Outage for 18,000 Residents in Caldwell and Catawba Counties Early Sunday morning, an unfortunate plane crash near Lake Hickory has led to a significant power outage affecting approximately 18,000 residents in both Caldwell and Catawba counties. The aircraft incident occurred off 32nd Avenue Drive NW, according to initial reports. Catawba County Communications indicated that the plane had made contact with powerlines during the crash.

We are a family of four, including my parents and my elder brother. My father is planning to sell fives acres of ancestral agricultural land in our native place, a village that is around 2-5km from the nearest municipality and share the proceeds equally among all four of us. What are the tax implications of above sale? In what proportion should the proceeds be divided? My father intends to transfer the proceeds to each of our bank accounts. Are any documents necessary for such bank transfers so that all family members have proper proof to explain the source of this income if this is raised by the income tax department? —Name withheld on request Agricultural land in India does not qualify as a capital asset (Section 2(14)), unless it is situated as follows: a) In any area within the jurisdiction of a municipality/ cantonment board, with a population* of 10,000 or more; or b) In any area (distance measured aerially): • Within 2km of the local limits of any municipality/ cantonment board with a population of more than 10,000 but within 100,000; • Within 6km of the local limits of any municipality/ cantonment board with a population of more than 100,000 but within 10,00,000; • Within 8km of the local limits of any municipality/ cantonment board with a population of more than 10,00,000.

Zomato. This is because ONDC is not a private platform, but is instead a network that enables all platforms and service providers to inter-operate. Amazon on 24 February said it will join the protocol.

PTC India Financial Services (PFS) will undergo several management-level changes as the company steers towards an operational overhaul and new phase of growth, Mahendra Lodha, the company’s interim chief executive officer and managing director, said. In an interview, Lodha, who is also director of finance and chief financial officer, said PFS is looking at strengthening its team, including senior management. A new chief compliance officer and executive director for monitoring, disbursement and operations have also been appointed, who will soon join, he added.

Narendra Modi. The clip shows two women being paraded naked in Manipur as part of a sexual assault against them. For many weeks before it went viral online, most of India was unmoved by the communal violence in Manipur.