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Claiming HRA exemption but tax not deducted? Income Tax Department sending notices – penalties explained

Tax officials are requesting verification of claims submitted in previous Income Tax Returns (ITR). (AI image) Income tax payers claiming House Rent Allowance (HRA) exemptions should take note. The Income Tax Department is issuing notices to individuals who have sought HRA exemptions in their tax filings but have not paid the required Tax Deducted at…

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Torrent Group acquires majority stake in Gujarat Titans ahead of IPL season | Cricket News

Ahmedabad-based Torrent Group announced on Monday the successful acquisition of a 67% controlling stake in the Indian Premier League (IPL) franchise Gujarat Titans. The majority stake was purchased from Irelia Company Pte Ltd, a private equity fund managed by CVC Capital Partners, which previously held full ownership of Gujarat Titans through Irelia Sports India Pvt…

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Companies rework employee benefits to meet diverse needs: Report

NEW DELHI: With India’s workforce undergoing rapid transformation, organisations are re-imagining employee benefits to meet diverse needs and secure top talent. Companies are increasingly adopting innovative solutions, including flexible health insurance plans, mental health support, and diversity, equity, and inclusion (DEI) initiatives to create a more supportive workplace.Over past five years, there has been a…

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Gensol sees 2 more independent directors exit

NEW DELHI: Two more Gensol Engineering independent directors, Harsh Singh and Kuljit Singh Popli, have tendered their resignations amid the company facing allegations of misuse of funds, according to a regulatory filing on Thursday. On Wednesday, Gensol Engineering’s independent director, Arun Menon, resigned, saying there was growing concern on leveraging its balance sheet to fund…

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Kerala’s ‘Earn While You Learn’ initiative empowers Munnar students in adventure tourism

Munnar college students explore career opportunities through adventure tourism training. (Representative Image) KOCHI: John Nikesh, a second-year BSc Mathematics student at Government College, Munnar, is thrilled to be learning the ropes of adventure tourism-a skill that will help him find work in his hometown while continuing his studies. One-week skill training programme offered by the…

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