NEW DELHI: State-owned Indian Overseas Bank (IOB) on Wednesday reported 30 per cent rise in net profit at Rs 723 crore for December quarter 2023-24, on the back of improvement in core income and reduction in bad loans. The Chennai-based lender had earned a net profit of Rs 555 crore in the same quarter a…
Many taxpayers remain uncertain about the mandatory reporting requirements for foreign assets and income. (AI image) Income Tax Returns: The enactment of the Black Money law has introduced severe penalties for taxpayers who provide insufficient disclosures regarding their foreign incomes, assets and related information. The non-compliance now constitutes a violation of both income tax and…
NEW DELHI: A CAG report on the functioning of Income Tax department, tabled in Parliament on Tuesday, has raised concern over non-sharing of data with the audit team related to arrears and outstanding demand.The report (No. 14 of 2024) said there has been a significant non-production of records, with the I-T dept failing to provide…
Cash flow: आपके सेविंग अकाउंट में कहीं सीमा से अधिक कैश तो जमा नहीं हो रहा है? अगर इसका ख्याल नहीं रखा तो आपके ऊपर भारी संकट आ सकता है. सालभर में 10 लाख से ज्यादा कैश जिस दिन आपके बचत खाते में जमा हो गई, उसी दिन आप कानूनी पचड़े में फंस जाएंगे. आपको…
Chennai, Dec 10 (IANS) Tamil Nadu Chief Minister M.K. Stalin has urged Prime Minister Narendra Modi to raise the family income ceiling for post-matric and pre-matric scholarships for SC/ST and OBC students from Rs 2.5 lakh to Rs 8 lakh. Chennai, Tamil Nadu Chief Minister M.K. Stalin has called on Prime Minister Narendra Modi to…
Only 6% of women belonging to the lowest wealth quintile, or the poorest, underwent C-section in public hospitals, the study shows NEW DELHI: More women from high-income quintiles are undergoing delivery through caesarean section (Csection), even in govt hospitals, according to a new study.A wealth quintile is a statistical value that divides a population into…
MUMBAI: India needs a greater focus on farmers with small land holdings and formulate a strategy to increase their income in order to realise the goal of a Viksit Bharat, or a developed nation by 2047, said P K Mishra, principal secretary to the PM, while delivering the 19th C D Deshmukh Memorial Lecture here.During…
PAN 2.0: Existing PAN card holders can rest assured as no reapplication is necessary. PAN 2.0: The Income Tax Department‘s PAN 2.0 Project has received approval from the Cabinet Committee on Economic Affairs (CCEA). This initiative seeks to enhance and digitise PAN and TAN management systems, improving accessibility and efficiency. The modernised system aims to…
Karnataka CM Siddaramaiah NEW DELHI: Amid the chaos over cancellations of ration cards for lower-income families, the Karnataka government issued a clarification on Thursday and said that only ineligible BPL cards will be revoked. Karnataka’s food and civil supplies minister KH Muniyappa said that BPL cards will be restored except for government employees and income…