Kirloskar Oil Engines faces ₹19.17 cr tax scrutiny from Income Tax Department

(0)
News

Kirloskar Oil Engines Limited received a Show Cause Notice from the National Faceless Assessment Center, Delhi. The notice involves scrutiny under Section 143(2) of the Income Tax Act and proposes disallowances impacting ₹19.17 crore. The company plans to respond before March 6, 2025.

Leave a Reply Cancel reply

8th Pay Commission Kolkata meeting begins today: What Central government employees and pensioners can expect
The 8th Pay Commission begins stakeholder consultations in Kolkata today, with discussions likely to focus on fitment factor, minimum pay, pension reforms and HRA revisions. The feedback will shape final recommendations for central government staff and pensioners.
July 2026 DA hike: 3% increase most likely as June inflation data guides decision, says expert
3% Dearness Allowance hike for Central government staff and pensioners is a possibility in July 2026. The final DA revision hinges on June AICPI-IW inflation data, with the government's announcement expected after Cabinet approval and inflation review.
UPI and personal loans are replacing credit cards in Indians' wallets: CIBIL
Credit card penetration in India remains low, with only 5.2 crore holders, representing 25% of the credit-active population. While usage is rising, first-time borrowers account for just 8% of new credit card issuances
PPF account turns dormant if you invest less than ₹500 a year: What you lose and how to revive it
PPF accounts become inactive if the annual ₹500 minimum deposit is missed, restricting benefits. Activation requires a request and payment of a penalty. Full details here.
Sebi reintroduces open-market share buybacks: How your gains will be taxed and what to consider before participating
Sebi has notified rules for open-market share buybacks effective 1 August 2026, allowing companies to repurchase shares through stock exchanges. Here's how your capital gains will be taxed and what to consider before selling your shares via the open market.
How many mutual funds should you own? Experts explain the right portfolio mix
Managing too many mutual funds complicates portfolio tracking without enhancing diversification. Experts suggest three to six funds can suffice, emphasising a mix of large, mid, and small-cap funds along with debt for balance. 
As the Magnificent 7 lose swagger, which stock should you buy now? Experts reveal the right strategy
The Magnificent Seven tech giants are losing investor interest as their performance lags behind the Nasdaq 100 and S&P 500. Emerging chipmakers like Micron Technology are gaining traction, while stocks like Alphabet show potential amidst differing fortunes among the group.
Quant Mid Cap Fund beats benchmark in short term after years of lag: Expert explains what investors should do
Quant Mid Cap Fund has outperformed its benchmark index over the last 3 and 6 months, but continues to lag over the 1-, 3-, and 5-year periods. The expert attributed the rebound to portfolio repositioning and advised investors to focus on long-term consistency. 
ITR filing 2026: Preventive health checkups can help you save tax — here's how
The ITR filing deadline is approaching, prompting taxpayers to prepare documents and explore deductions. Section 80D allows deductions for preventive health checkups, capped at ₹5,000, applicable only in the old tax regime.
EPFO portal revamp: 10 changes in PF claims, withdrawals and transfers every member should know
The Employees' Provident Fund Organisation has centralised its member database through the CITES project to enhance service speed, transparency, and accessibility.

Kirloskar Oil Engines faces ₹19.17 cr tax scrutiny from Income Tax Department

Leave a Comment

Leave a Reply Cancel reply