The Bombay high court order that came last week was following Vodafone Idea Limited filing two separate petitions seeking expeditious release of two refund amounts pertaining to assessment year 2014-15. read more

Special Judge Ajay Kumar Kuhar sent Shivakumar to further 14-day judicial custody after the ED sought extension of his judicial custody. read more

For those who have not linked the two yet, there is a breather of the next three months. The process is relatively simple and can be completed through the Income Tax department’s e-filing website or via SMS. read more

September 30 is the last date for filing of ITR for all those whose accounts are to be audited like companies, partnership firms, proprietorships, etc. IT department has asked taxpayers to not be waylaid by a fake notification claiming extension of the... read more

A fake notification claimed that the last date for filing ITR for audited assessees has been extended to October 15. Accountants are having a tough time in filing ITR within the due date of September 30. read more

The notices seek explanations from Novel Singhal Lavasa about her income-related details when she was the director of about a dozen private companies between 2015 and 2017, the officials said. An I-T department official confirmed that the notices had... read more

Taking exception to the demand to adjourn the case, a bench headed by Justice Arun Mishra said: “You are trying to avoid the bench. read more

Though protests had been held before, this was the first where DK Shivakumar’s arrest was painted as an attack on the Vokkaliga community, which is dominant in the southern Old Mysuru region of the state read more

Both politically and financially, Shivakumar’s career has followed an upward trajectory since his first win in the Sathanur Assembly constituency in 1989. He has won all subsequent elections, shifting to the Kanakapura seat in 2008 after his former constituency... read more

Last month, the income tax department had extended the deadline for filing income tax return to August 31. read more

According to income-tax rules, if you file your return after the due date but before December 31 of the assessment year, you will have to pay a penalty of Rs 5,000. If you file it between January 1 and March 31 of the assessment year, the penalty goes... read more

The total income during the assessment year 2019-20, however, should not be more than Rs 50 lakh. read more

The ED move comes after the Karnataka High Court had on Thursday dismissed Shivakumar’s petition challenging the summons issued to him in a money-laundering case. read more

Justice Arvind Kumar, the Karnataka High Court judge, dismissed the petition and asked Shivakumar to appear before the ED for questioning, as per its summons in Rs 7-crore money laundering case. read more

They added that the department’s Delhi-based anti-benami unit has issued an order for attachment of the property, identified as Bristol Hotel in DLF Phase-1, under Section 24(3) of the Prohibition of Benami Property Transactions Act of 1988. read more