Supreme Court pulls up Singh brothers, Fortis and Indiabulls for contempt

Supreme Court pulls up Singh brothers, Fortis and Indiabulls for contempt

Asks brothers to deposit Rs 2350 crore, Indiabulls to deposit value of 12.35 lakh sold shares. The Supreme Court (SC) has ordered former Fortis promoters, brothers Malvinder and Shivinder Singh to deposit up to  Rs 2350 crore within eight weeks, on Friday. The court held the Singh brothers, Fortis Healthcare Limited (FHL) and financial services […]

I-T department busts Rs 3,300-crore hawala racket involving infrastructure firms

I-T department busts Rs 3,300-crore hawala racket involving infrastructure firms

The raids to unearth the large tax evasion nexus were conducted in the first week of this month on 42 premises in Delhi, Mumbai, Hyderabad, Erode, Pune, Agra and Goa on a group of people indulging in issuing bogus bills and carrying on hawala tran. NEW DELHI: The CBDT (Central Board of Direct Taxes) on […]

SBI, Bank of Baroda squeeze micro-ATM transactions of other banks

SBI, Bank of Baroda squeeze micro-ATM transactions of other banks

BENGALURU: Public sector lenders State Bank of India (SBI) and Bank of Baroda (BoB) have limited the cash withdrawals of customers using micro-ATMs of other banks to just four times a month, in what could cause transactions undertaken through the Aadhaar-enabled Payment System (AePS) route to fall significantly. While BoB is allowing customers to do […]

File your income tax return, NOW!

File your income tax return, NOW!

The ITR filing due date has been extended, but don’t wait till the 11th hour. The taxman has shown magnanimity yet again. This time, he has extended the due date for filing income tax returns for the financial year 2018-19 (assessment year 2019-20) by a whole month — from July 31 to August 31. The […]

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