Finance

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1790615255 tax notice

Rs 5.2 crore cash deposit, but Rs 7.65 lakh shown in ITR: Grain trader wins tax case after ITAT quashes notice, finds bank account was disclosed in Form 3CD

While examining the ITR, the ITAT Delhi found that the bank account details had been provided through Form 3CD. (Image for representative purpose only) You make large cash deposits in your bank account, but report a much lower income in your tax return. The bank reports the deposits to the Income Tax Department as part...
1790604254 stock market crash

Stock market crash takes Sensex to 6-month low; index tanks 5% in a month as investors lose Rs 17 lakh crore

Global economic turmoil and geopolitical uncertainty are weighing heavily on investor’ sentiment. Stock market crash today: The stock market is bleeding badly and today’s crash has taken the 30-share index, BSE Sensex, to a six-month low! Indian equity benchmarks have not been hitting new highs for two years now, but the latest bloodbath suggests that...
lng train

After hydrogen train, India’s first LNG-powered train has been flagged off from Ahmedabad; Amit Shah says railways is cutting diesel, targets net zero by 2030

The LNG-powered train operates on a dual-fuel diesel-plus-LNG system developed for its Driving Power Cars (DPCs). Within months of launching its first hydrogen train, Indian Railways has now rolled out its first LNG train. Home Minister Amit Shah on Sunday flagged off India’s first LNG train from Sabarmati station in Gujarat.The move is part of...
merchant fees on upi could boost its cross border use by offering merchants a cheaper alternative to cards and cash says jp morgan

‘MDR to boost UPI use in cross border payments’

Introducing MDR on UPI merchant payments could help expand its use for cross-border transactions, says JP Morgan executive. MUMBAI: The introduction of merchant fees on UPI transactions could help expand its use in cross-border payments by giving merchants an alternative that remains cheaper than cards and cash, said Max Neukirchen, co-head of JP Morgan Global...
rent case

Tenant stayed even after rent agreement expired, but a Rs 25 lakh loan to landlady changed the date of calculation; Delhi HC orders payout of Rs 3.27 crore plus 6% interest as mesne profits

The case took a significant turn in 2007, when the landlady borrowed Rs 25 lakh from the tenant. (Image for representative purpose only) You rent out your property and the rent agreement expires, and the tenant does not vacate it, but continues to pay you higher rent. Are you entitled to claim mesne profits, which...
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