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Penalty

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Calcutta High Court Slaps Rs 50 Lakh Penalty On West Bengal Govt Over Probe Delay

Justice Abhijit Gangopadhyay had on August 24 directed that the probe be transferred from the CID to CBI and ED, and all the documents related to the case be handed over to them.

15 September 2023

Did You Miss July 31 Deadline In Filing Your ITR? Here Are The Consequences

The deadline for individuals to file their income tax return for the assessment year 2023-24 was July 31, 2023. In case you missed filing your return by the due date, here are the consequences

01 August 2023

Aadhaar card

PAN-Aadhaar Link Last Day Today: Here’s How To Check Link Status Online

Those who are linking the PAN and Aadhaar now are required to pay a penalty of Rs 1,000. If someone fails to link the two documents will have several consequences

30 June 2023

Supreme Court

Supreme Court Imposes Rs 2,000 Fine On Advocate For Sending 'Unprepared' Junior To Court

As a three-judge bench headed by Chief Justice DY Chandrachud took up the matter which which was listed for hearing, a junior lawyer appeared before it and requested it to defer the matter as the main advocate was not...

14 September 2023

How Much Will You Pay In Penalty For Missing ITR Deadline Or Tax Payment?

The last date for filing income tax returns for the financial year 2022-23 is July 31, 2023. Any delay in filing ITR will attract a penalty. Learn more.

29 July 2023

Tax Filing: Avoid These 3 Mistakes To Stay Clear Of IT Department Notices

Filing taxes accurately is crucial to avoid notices from the IT department. Learn the common mistakes to ensure a hassle-free tax filing experience.

27 June 2023

Sebi Case Against RIA Lays Bare A Tale Of False Promises And Deception; Lesson For Others

The accused will also be liable for a significant monetary penalty for failing to furnish proper documents, incomplete or false information on returns, account books, etc.

01 August 2023

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Watch Out For These Credit Card ‘Rip-Offs’ And Charges

Credit card companies usually offer an interest-free period of 45 to 55 days. But the credit card provider may charge you around 3.5 per cent monthly interest after the due date.

22 June 2023

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10 June 2023
Pay Your Advance Tax By June 15 To Avoid Penalty

Pay Your Advance Tax By June 15 To Avoid Penalty

Pay your first advance tax instalment by June 15 to avoid penalty.


25 May 2023
SBI Penalised For Sending Bills To Man Despite Credit Card's Expiry

SBI Penalised For Sending Bills To Man Despite Credit Card's Expiry

The New Delhi District Consumer Disputes Redressal Forum has directed the SBI Cards & Payments Services Pvt. Ltd. to pay Rs 2 lakh to a person here for sending...


23 May 2023
SEBI Slaps Rs 41 Lakh Fine On 3 Entities For Violating Market Norms

SEBI Slaps Rs 41 Lakh Fine On 3 Entities For Violating Market Norms

SEBI imposed a fine of Rs 20 lakh on Brij Kishore Sabharwal, Rs 15 lakh on Himanshu Agarwal and Rs 6 lakh on Alps Motor Finance Ltd (AMFL)


22 May 2023
Meta Slapped With $1.3 Billion Privacy Fine By EU Over Data Transfers To US

Meta Slapped With $1.3 Billion Privacy Fine By EU Over Data Transfers To US

Meta last year warned that an order to ban the system it uses to transfer data from Europe to the United States could force it to suspend Facebook services in...


21 May 2023
Pressure Mounts On UK Home Secretary Suella Braverman Over Traffic ‘Violation’

Pressure Mounts On UK Home Secretary Suella Braverman Over Traffic ‘Violation’

The Indian-origin UK Cabinet minister Suella Braverman has asked civil servants to help her avoid a speeding fine and points on her driving licence, the report...


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08 April 2023
MP Resident Gets Rs 113 Crore Income Tax Notice: Here Why You Could Get One And What To Do

MP Resident Gets Rs 113 Crore Income Tax Notice: Here Why You Could Get One And What To Do

A resident of Madhya Pradesh was recently served with an income tax notice for what the income tax department claims is a case of underreported income....


01 April 2023
To Calculate Cost Of House For Capital Gains, Include All Costs Incurred In Purchase, Repair

To Calculate Cost Of House For Capital Gains, Include All Costs Incurred In Purchase, Repair

For calculating exemption under Section 54, you will be entitled to take into account all the costs incurred in connection with the purchase of the new...


29 March 2023
NCLAT Upholds CCI’s Rs 1,338 Crore Penalty On Google In Android Case

NCLAT Upholds CCI’s Rs 1,338 Crore Penalty On Google In Android Case

Tribunal found that the probe conducted by CCI into Google's conduct was not in violation of principles of natural justice


29 March 2023
SEBI Slaps Penalties Totalling Rs 36 Crore On PNB Finance And Industries, CCCL, Other Entities

SEBI Slaps Penalties Totalling Rs 36 Crore On PNB Finance And Industries, CCCL, Other Entities

Samir Jain was the Vice Chairman and Managing Director of Bennett Coleman and Co. Limited (BCCL) at the relevant point of time and Meera Jain was a Whole Time...


21 February 2023
SEBI Levies Rs 11 Lakh Penalty On 7 Entities For Violating Market Norms

SEBI Levies Rs 11 Lakh Penalty On 7 Entities For Violating Market Norms

The order came after SEBI conducted an examination in respect of the process followed by SSOL for approval and disclosure of related party transactions with...


11 February 2023
 Aviation Safety Regulator Imposes Rs 20 Lakh Penalty On AirAsia India

 Aviation Safety Regulator Imposes Rs 20 Lakh Penalty On AirAsia India

The Directorate General of Civil Aviation (DGCA) also ordered the removal of the airline's head of training from his position for a period of three months...


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08 February 2023
RBI MPC Curbs Arbitrary Penal Interest On Loans For Consumer Protection; To Release Draft Guidelines Soon

RBI MPC Curbs Arbitrary Penal Interest On Loans For Consumer Protection; To Release Draft Guidelines Soon

Any penalty for the delay or default in servicing of the loan contract by the borrower will be in the form of ‘penal charges’ in a reasonable and...


01 February 2023
Financial Support For Poor In Prisons And Unable To Afford Penalty, Bail Amount: FM

Financial Support For Poor In Prisons And Unable To Afford Penalty, Bail Amount: FM

Prime Minister Narendra Modi had appealed to them to give priority to cases related to undertrial prisoners languishing in jails and release them, as per law,...


01 February 2023
Action Against 5 Pvt Hospitals In Chhattisgarh For Overcharging Patients

Action Against 5 Pvt Hospitals In Chhattisgarh For Overcharging Patients

Out of the five hospitals, fines in the range of Rs 3 lakh to Rs 6 lakh have been imposed on four medical facilities and three of them have also been...


31 January 2023
Here’s All You Need To Know About Rule 132 Of Income Tax Act

Here’s All You Need To Know About Rule 132 Of Income Tax Act

The tax payer can apply for re-computation of total income under Section 155(18) and notify the assessing officer within 30 days of paying the tax to avoid any...


24 December 2022
Hurry! Last Day For Late Filing Of Income Tax Return Is December 31, 2022

Hurry! Last Day For Late Filing Of Income Tax Return Is December 31, 2022

Make sure you file your income tax return by December 31, 2022, the final deadline.


15 December 2022
No Penalty For Failure In Updating KYC Details In Policy, Says LIC

No Penalty For Failure In Updating KYC Details In Policy, Says LIC

The Life Insurance Corporation of India has announced in a public notice that it does not charge any penalty if a customer fails to update the KYC details in a...


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