MUMBAI: In a case between a senior citizen and the income tax department, the tax tribunal’s Mumbai bench held that the penalty levied for non-disclosure of interest earned on her tax refund is not valid.In their order, the ITAT bench comprising Amarjit Singh, accountant member, and Sandeep Singh Karhail, judicial member, emphasised that unless the refund is received, its interest element cannot be...
NEW DELHI: The Federal Reserve on Wednesday announced that it is keeping its primary interest rate of 5.25%-5.5% unchanged as it endeavors to steer the US economy toward a "gentle landing", where inflation cools down without inducing a severe recession.Chair Jerome Powell and fellow Federal Reserve officials have made it evident that they are leaning towards adopting a more gradual and cautious approach...
NEW DELHI: Eighteen people, including eight women, have been arrested for allegedly extorting money from people through a call centre after providing them loans through Chinese apps. The call centre was working under the guise of a finance company. Confirming the arrests, DCP (north) Sagar Singh Kalsi said the gang made extortion calls to victims through VOIP Sim box gateway devices to remain...
Mar 28, 2023, 11:30AM ISTSource: ET NowThe Central Board of Trustees of EPFO has decided to keep rate of interest on EPF for the financial year 2023 is at 8.15%. which is 0.05% higher than the rate of interest of financial year 2022. It is mainly based on the recommendation of the finance committee of the CBT. EPFO fixes 8.15% interest rate on employees' provident fund for 2022-23!(function(f, b, e, v,...
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