Companies face potential penalties as the Income Tax portal rejected advance tax payments due to technical issues on the deadline. Tax advisors are appealing to the direct tax board and finance ministry for waivers, citing glitches that prevented timely payments.
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India’s core sector output surged by 6.3% in August, marking a 15-month high, fueled by a low base and strong performances in coal and steel. While coal output rebounded significantly, steel also demonstrated robust growth, indicating heightened infrastructure activity. However,…
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The CBDT’s circular 13/2025 addresses issues arising from taxpayers incorrectly claiming Section 87A tax rebates on special rate incomes like short-term capital gains. While rectifications are underway, leading to tax demand notices, the CBDT offers a waiver on interest under…
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Apex business chamber CII hailed Prime Minister Narendra Modi’s clarion call on Sunday to boost domestic manufacturing and demand for Indian-made products, giving a fresh momentum to the Swadeshi campaign powered by the cut in taxes under GST 2.0.
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Mumbai Police’s EOW is investigating financial irregularities at IndusInd Bank. Former CFO Gobind Jain sought more time to submit documents. He claims he flagged the lapses. The EOW has also summoned former CEO Sumant Kathpalia and ex-deputy CEO Arun Khurana.…
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More than 48% of CFO exits were triggered by mandate misalignment, where the scope of the role evolved after hiring or decision rights remained unclear, data from leadership advisory firm Ishwa Consulting, exclusively shared with TOI, showed. Around 31% left…
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