MUMBAI:
The court on Friday directed the income tax department to desist from acting on the reassessment ordered by its official.
In a letter, dated January 27, 2012, the director of Income Tax (Exemptions) while referring to an amendment made to section 80G(5)(vi) (indefinite validity to tax exemption to charitable trusts) by the Finance Act 2009, allowed devotees to avail tax exemption, provided that the donations were received by cheque or cash up to â¹2,000.
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There's been a lapse in filing nominations'
Paris Olympics' double bronze-medallist Manu Bhaker on Tuesday admitted that \"there has been a lapse may be on my part\" while filing nominations for this year's National Sports Awards amid a raging controversy over her exclusion from the list of Dhyan Chand Khel Ratna awardees.
Record chase in women's 50-over game
Record chase in women's 50-over game
India wait for Shubman to sort out scoring issues in away Tests
The No.3 batter has a range of shots, but hasn't shown patience early on and has struggled on this tour of Australia
Good bowlers are excited to come to MCG, says curator
The weather in Melbourne has already dropped from a high of 37°C a day after the team landed here to a max of 18°C on Monday.
Rupee hits record low for sixth straight session
The Indian rupee weakened to its all-time low for the sixth consecutive trading session on Tuesday as a rise in U.S. bond yields boosted the dollar and strong demand for the greenback from importers added to the lingering pressure on the local currency.
UPI QR transactions up 33% at retail stores in rural areas this yr
UPI transactions at retail stores have increased by 33% in semi-urban and rural areas this year, reflecting the growing adoption of digital payments, says a report.
India bond yields little changed as traders eye fresh global cues
Indian government bonds traded in a tight range before ending little changed on Tuesday, ahead of a holiday, with a rise in U.S. Treasury yields weighing on sentiment.
INDIAN REFINERS MAY BUY MIDEAST SPOT OIL TO DEAL WITH RUSSIAN SHORTFALL
Indian state refiners are considering tapping the Middle East crude market as spot supply from their top supplier, Russia, has fallen, three refining sources said, in a move that could support prices for high-sulphur oil.
Raise import duty on petchem: Trade body SOS to govt
Fearing that countries like China may take advantage of low import duty to dump petrochemical products in India, a top trade body has sent an SOS to the government seeking a hike in customs duty to protect the domestic industry and jobs.
Odisha signs pact to operate hydrogen-powered buses
THE TRIPARTITE AGREEMENT TO BE IMPLEMENTED OVER THE NEXT FIVE YEARS HAS OUTLINED THE KEY ROLES AND RESPONSIBILITIES OF THE ENTITIES INVOLVED
