Taxpayers who missed the July 31 deadline for Income Tax Return (ITR) filing for FY 2023-24 (Assessment Year 2024-25) must file by December 31 to avoid increased penalties. Know the late fees, steps to file, and what happens if you miss the deadline.
Missed declaring foreign assets or income in your ITR for AY 2024-25? File a revised return by December 31, 2024, to avoid a penalty of up to Rs 10 lakh under the Black Money Act.
Team India were handed a five-run penalty in their batting innings during the third Test against England in Rajkot. Hence, England began their first innings at 5/0 without even a ball bowled. The hosts amassed 445 runs in their first innings owing to centuries by Rohit Sharma and Ravindra Jadeja.
In its order, Sebi said the inspection findings brought out two instances where the entity was not complying with the requirements of the regulator's circular.
Air India 'urinating' case: In addition to this, the watchdog has also slapped a fine of Rs 3 lakh on Air India's Director of in-flight services for failing to discharge her duties, according to a statement.
It has been alleged that Twitter violated a 2011 FTC order by deceiving users about how well it maintained and protected the privacy and security of their nonpublic contact information.
Dutch regulators have asked Apple to either allow dating app developers to offer non-Apple payment systems for in-app purchases or face a penalty of up to 50 million euros.
The central bank said it observed that the two entities had not complied with the directions issued by the RBI on networth requirement for Bharat Bill Payment Operating Units (BBPOUs).
The Reserve Bank of India (RBI) on Wednesday imposed a monetary penalty of Rs 25 lakhs on Axis Bank Limited.
The Reserve Bank of India (RBI) on Tuesday said it has decided to penalise banks for failure to timely replenish currency notes in ATMs. The move comes amid worries of frequent non-availability of cash in ATMs.
The Reserve Bank of India has imposed a penalty of Rs 1 lakh on Priyadarshini Mahila Nagari Sahakari Bank, Beed (Maharashtra) for violation of certain directions under the Supervisory Action Framework.
The monetary penalty has been imposed on the bank for non-compliance with certain directions contained in the 'Reserve Bank of India (Frauds - Classification and Reporting by commercial banks and select FIs) Directions 2016'.
According to the statement, 976 people were fined a total of Rs 1 lakh for not wearing face masks in public places. Two-hundred such offenders were found at Kasna police station area and penalised,, 189 in Badalpur police station area in Central Noida and 87 in Noida's Sector 24 police station area.
Using mobile phones while driving will now draw a penalty of c in Uttar Pradesh. A notification regarding the penalty on using phones while driving was issued by the State Transport Department on July 30, Thursday.
A BPO employee in Madhya Pradesh's Bhind got the shock of his life when he received an Income Tax Department notice asking him to pay Rs 3.49 crore penalty for the alleged transactions of Rs 132 crore done in 2011-2012.
A scrutiny was carried out by RBI to examine the implementation of SWIFT related operational controls in SBM Bank (Mauritius) at its Indian operations, and it was observed that it failed to comply with certain provisions, the RBI said.
A total fine of Rs 11.40 lakh has been collected since the launch of the campaign on September 11, NFR Principal Chief Commercial Manager Aneet Daulat said.
The Madhya Pradesh High Court has imposed a cost of Rs 5 lakh on Sagar-based Dr Harisingh Gour University for violating the state government's norms on admission to the B.Ed course in its affiliated colleges.
Over 2,600 commercial vehicles found entering Delhi through 13 major entry points without RFID tags or having insufficient recharge amount were penalised, officials said on Saturday.
The unveiling of the new Motor Vehicle Act, which prescribes steep hike in the fine for traffic violations, has triggered a big controversy and an increasing number of states have decided not to implement it, arguing that it puts a disproportionate burden on the people.
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