Business

The officer therefore treated Rs 10 lakh as an unexplained investment. (Image for representative purpose only) Having a money trail of your investments and its sources is important. Unexplained income and investments can invite scrutiny from the Income Tax Department.In one such case, a man invested some money in a wealth management company and faced…

The court first addressed the landlord-tenant relationship. (Image for representative purpose only) Tenant and landlord disputes are not uncommon and can sometimes turn into legal battles.In one such case two landlords wanted the tenant to vacate the property so they could open a law office, but the tenant refused and the matter went to court.The…

The commerce minister asserted that talks are on but final pact will be in line with “changed circumstances” India and the US will finalise their interim trade agreement framework in line with changing circumstances, commerce and industry minister Piyush Goyal said on Saturday, indicating that negotiations on the first phase of the bilateral trade agreement…

The homebuyer purchased the apartment under a Sale Deed for a total consideration of Rs 1,03,28,979. (Image for representative purpose only) You buy an apartment with the builder promising some special parking provisions. But the builder fails to deliver and collects steep maintenance charges from residents. What do you do?In one such case, a woman…

There was also a problem with the penalty order itself. Unexplained cash can lead to a notice from the Income Tax Department, and sometimes even a penalty. But what happens if the penalty is imposed under the wrong section?In one such case, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has ruled that…

BENGALURU/HUDERABAD: Even as the US govt suspended processing under the Permanent Labour Certification (PERM) programme for some Indian IT firms, potentially jeopardising eligible employees’ pathways to permanent residency, the sector’s stocks rallied on Friday, suggesting limited market concern amid declining dependence on H-1B visas.However, the suspension could create talent retention and hiring challenges. H-1B employees…

Inflation has stayed above the Reserve Bank of India’s (RBI) target of 4% for the past three months (Photo: Reuters). MUMBAI: RBI has tightened daily cash reserve requirements for banks, impounding an additional Rs 1 lakh crore, and has announced a Rs 25,000 crore bond sale, moves that will drain liquidity from the banking system…

NEW DELHI: From listening to bhajans and reading the Bible to finding the direction of Mecca or discovering what the stars have in store, Indians are increasingly turning to smartphones for matters of faith and fortune. Religious, spiritual and astrology apps recorded nearly 30 crore downloads in the first nine months of 2026, emerging as…

MUMBAI: India’s foreign exchange reserves fell by $13 billion to $734.6 billion in the week ended Oct 2, driven by a sharp decline in foreign currency assets and gold reserves. Foreign currency assets, the largest component of the reserves, dropped by $10.7 billion to $604.7 billion.Gold reserves declined by $2.3 billion to $106.4 billion. The…

BENGALURU: Commerce and industry minister Piyush Goyal said on Friday that talks with US for a trade deal were progressing steadily and the two sides were working on the fine print, while asserting that tighter access to H-1B visas can benefit India by encouraging skilled professionals to stay back, bringing more tech work to the…