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Mumbai: BMC to levy heavy penalty up to Rs.15,000 for illegal parking
Sat, Jul 06, 2019
BMC will levy heavy penalty up to Rs.15,000 for illegal parking in Mumbai from tomorrow.
Penalty would be charged if ATM stays cashless for more than 3 hours
Sat, Jun 15, 2019
Penalty would be charged on Banks if ATM stays cashless for more than 3 hours. Watch this video to know more.
Income tax returns can be filed even if you missed deadline
Fri, Feb 09, 2018
Filing income tax return after the due date is called belated return. It can be filed before the end of the assessment year.
Sebi slaps Rs 5 lakh fine on IFCI Factors, 3 others
Sun, Jan 07, 2018
The regulator observed that the four entities had violated Substantial Acquisition of Shares and Takeovers Regulation for the transactions in shares of Shiva Cement
NSE asks members to submit annual returns for FY17 by Sep 30
Sun, Aug 27, 2017
Annual Returns, which includes balance sheets, are required to be submitted only by way of upload in electronic format through the exchange's ENIT (Electronic NSE Interface for Trading Members) system.
Tough action against those helping hide black money: PM Modi
Sun, Jul 02, 2017
Minimum balance penalty by banks must be reasonable: Government
Tue, Mar 28, 2017
The charges levied by banks in case minimum balance is not maintained in accounts must be reasonable, and should be a fixed percentage on the difference between the actual and required balance, the government said on Tuesday.
Reliance Jio asks TRAI to impose penalty on Airtel for "misleading" ads
Fri, Jan 27, 2017
Reliance Jio has asked telecom regulator TRAI to impose highest penalty on Airtel on misleading ads.
Foreign accounts, property, bullion can't be disclosed under Pradhan Mantri Garib Kalyan Yojana Scheme: Govt
Wed, Jan 18, 2017
Drawing a line for disclosure under the new tax evasion amnesty scheme, the government on Wednesday said only unaccounted domestic cash holding can be declared through it and not jewellery, stocks, immovable property or overseas accounts.
GJEPC expects FM Arun Jaitley to reduce import duty on gold to 5% in Budget 2017
Thu, Jan 12, 2017
To curb grey market and boost the organised players, the Gem and Jewellery Export Promotion Council (GJEPC) is expecting Finance Minister Arun Jaitley to reduce the import duty on gold to around 5%in the upcoming Union Budget.
Notes Ban: Govt likely to come up with ordinance before Cabinet today
Wed, Dec 28, 2016
In an attempt to put an end to the liability of the government and the Reserve Bank of India (RBI) on the demonetised high value notes, the government is likely to come up with an ordinance before the Union Cabinet on Wednesday, PTI reported on Tuesday.
Companies must drop retro tax cases to avail settlement scheme: CBDT
Sun, Dec 25, 2016
Vodafone, Cairn Energy and other firms facing retrospective tax demand will have to withdraw legal cases and give up the right to contest constitutional validity of back-dated amendment to Income Tax (I-T) laws if they want to avail of the dispute resolution scheme ending on December 31.
China fines General Motors' unit $29 million for 'price-fixing'
Sat, Dec 24, 2016
Beijing has fined the Chinese unit of General Motors (GM) nearly $29 million for "infringing on the rights of consumers and its competitors" via price-fixing, Shanghai authorities said.
Wipro to pay $5 million to US SEC to settle 6-yr-old case
Sat, Dec 24, 2016
Country's third largest software services firm Wipro on Friday said it has reached an agreement with US Securities and Exchange Commission (SEC) to formally resolve a six-year old investigation and will pay $5 million (nearly Rs 33.3 crore) in civil money penalty.
Christine Lagarde keeps IMF job, escapes penalty after negligence conviction in France
Tue, Dec 20, 2016
International Monetary Fund (IMF) chief Christine Lagarde kept her job and escaped punishment on Monday despite a conviction on negligence charges by French judges over a state payout made while she served as France`s finance minister in 2008.
Deposits above Rs 2.5 lakh to face tax, 200% penalty on mismatch
Thu, Nov 10, 2016
Further dangling the stick, government on Wednesday warned that cash deposits above Rs 2.5 lakh threshold under the 50-day window could attract tax plus a 200% penalty in case of income mismatch.
Airtel to approach TRAI, DoT over proposed Rs 1,000 crore penalty
Thu, Oct 27, 2016
Telecom operator Bharti Airtel today said that it will approach government and telecom regulator Trai to clear the "confusion" that led to proposed penalty of over Rs 1,000 crore on it for not providing interconnection facility to Reliance JIO Infocomm.
IRDAI imposes Rs 10 lakh penalty on SBI Life Insurance Company
Thu, Sep 22, 2016
Regulator IRDAI has imposed a penalty of Rs 10 lakh on SBI Life Insurance Company for violations of various norms, including guidelines on accepting business from a corporate agent after the expiry of licence.
CCI slaps Rs 6,700 crore fine on 10 cement firms, including ACC, Binani, for cartelisation
Wed, Aug 31, 2016
Competition Commission of India (CCI) on Wednesday imposed more than Rs 6,700 crore penalty on 10 cement companies, including ACC, Binani, Century, UltraTech, for cartelisation.
Cabinet approves amendment to Motor Vehicle Act; Here are the new penalties
Wed, Aug 03, 2016
Drinking and driving will attract a steep fine of Rs 10,000 instead of Rs 2,000 which was in the old provision.