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Not Filed your Income Tax Return On Time? Late Fee Is Just One Penalty For Late Filing

Not Filed your Income Tax Return On Time? Late Fee Is Just One Penalty For Late Filing

You can still file your income tax return if you have missed the due date of July 31, 2022 for financial year 2021-22. But besides the monetary fine, there are other losses too that you would have to bear.

10 August 2022
Did Franklin Templeton Crisis Lead Sebi To Come Out With Consultation Paper On Insider Trading in MFs?

Did Franklin Templeton Crisis Lead Sebi To Come Out With Consultation Paper On Insider Trading in MFs?

Sebi is planning to bring mutual fund dealings under the ambit of insider trading rules. It has also floated a consultation paper and asked the public on...

11 July 2022

I-T Department Takes To Twitter, Urges Taxpayers To File Returns Early

As people tend to miss out on their tax filing date, the I-T department has reminded people to file their returns within the due date.

Karnataka HC Stays Centre's Notification On Higher Fee And Penalty On Aged Vehicles

Karnataka HC Stays Centre's Notification On Higher Fee And Penalty On Aged Vehicles

Fitness renewal was made mandatory for commercial vehicles every year.

12 May 2022

When Can Income Tax Returns Assessment Be Reopened And What Can You Do?

What should you do if you fail to file or correctly file your income tax return? Should you go for reopening your assessment or file an updated tax return?...

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25 April 2022
Income Tax Return Filing Amendment – Financial Year 2021-22 (Assessment Year 2022-23)

Income Tax Return Filing Amendment – Financial Year 2021-22 (Assessment Year 2022-23)

Are you unsure about whether you should file an income tax return (ITR) in India? Read on to know more


22 April 2022
RBI Issues Fresh Set Of Guidelines For Credit Card Issuers: Know Details Here

RBI Issues Fresh Set Of Guidelines For Credit Card Issuers: Know Details Here

Reserve Bank of India comes out with set of master directions for card issuers; unsolicited loans, upgradation now liable for penalty


08 April 2022
RBI Imposes Penalties On Axis, IDBI Bank

RBI Imposes Penalties On Axis, IDBI Bank

The central bank has also slapped a fine of Rs 90 lakh on IDBI Bank


05 February 2022
Drivers Travelling Alone In Cars Won't Be Fined For Not Wearing Masks: Delhi Health Dept

Drivers Travelling Alone In Cars Won't Be Fined For Not Wearing Masks: Delhi Health Dept

Not wearing face mask in public places attracts a penalty of Rs 2,000 in Delhi.


04 January 2022
Three-judge Bench To Consider Prayer To Treat Cost Of Rs 25 Lakh As Donation: SC

Three-judge Bench To Consider Prayer To Treat Cost Of Rs 25 Lakh As Donation: SC

Attorney General K K Venugopal said the applicant feels that cost is in the nature of a penalty and therefore wants the amount already deposited, be treated as...


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25 December 2021
NCLAT Stays CCI Order Imposing Rs 873 Crore Penalty On UBL, Other Beer Makers

NCLAT Stays CCI Order Imposing Rs 873 Crore Penalty On UBL, Other Beer Makers

The National Company Law Appellate Tribunal (NCLAT) has imposed a stay on the orders passed by the fair trade regulator CCI slapping penalties on several beer...


25 December 2021
Sebi Levies Rs 17 Crore Fine On Cals Refineries Ltd, Its Officials And One Entity

Sebi Levies Rs 17 Crore Fine On Cals Refineries Ltd, Its Officials And One Entity

SEBI on Friday imposed fine on Cals Refineries Ltd, its officials and one entity in a matter relating to manipulation in the issuance of global depository...


25 December 2021
RBI Imposes Rs 30 Lakh Penalty On MUFG Bank

RBI Imposes Rs 30 Lakh Penalty On MUFG Bank

RBI has imposed penalties on MUFG Bank for deficiencies in regulatory compliance. MUFG Bank was earlier known as The Bank of Tokyo-Mitsubishi UFJ, Ltd.


25 August 2021
Baghat Urban Co-operative Bank, Solan, To Pay RBI Rs 15 Lakh Penalty

Baghat Urban Co-operative Bank, Solan, To Pay RBI Rs 15 Lakh Penalty

A notice was issued to the bank to show cause as to why a penalty should not be imposed for violation of the said directions.


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