INDIAN CELEBRITIES TAX PAYMENTS
Bihar Diwas celebration in Assam cancelled amid protests, ULFA threats
The Assam BJP cancels Bihar Diwas celebrations in response to opposition from various organizations, including ULFA (Independent). Protests and statements highlight concerns over cultural and political implications. Chief Minister Sarma defends such events as means to foster national unity and mutual understanding.
Redditor pokes fun at Indians celebrating Sunita William's return to earth. His mother tells him 'Stop judging'. Netizens react
NASA astronauts Sunita Williams and Butch Wilmore returned safely from a nine-month mission, celebrated in both the U.S. and India. One Indian Redditor found the celebrations excessive, but his mother highlighted the importance of finding joy in such events. Reflecting on her words, he realized the value of positive collective moments.
At least 300 private equity firms, promoters get I-T notices
The income-tax department has sent notices to around 300 private equity firms and promoters for suspected capital gains tax evasion, detecting evasion of approximately ?4,200 crore made between 2021 and 2024. These entities mainly invested in sectors like real estate and startups, using various methods, including overseas accounts and crypto, to avoid tax. Some have agreed to file revised returns.
IRS Stimulus Check: How to check your $1,400 payment status before April 2025 deadline
More than one million Americans have until April 15, 2025, to claim tax refunds and stimulus payments from 2021. The IRS estimates that over $1 billion remains unclaimed, with individual refunds averaging $781. Those who did not file a 2021 tax return could be eligible for a Recovery Rebate Credit of up to $1,400. If unclaimed, these funds will revert to the U.S. Treasury. The IRS urges taxpayers to act quickly before time runs out.
Could you still qualify for a $1,400 IRS stimulus check in 2025? Here’s how to claim it before the April 15, 2025, IRS deadline
$1,400 stimulus check is still available for over one million Americans, but the deadline to claim it is April 15, 2025. The IRS Recovery Rebate Credit applies to those who missed the third round of stimulus payments in 2021. Eligible individuals must file their 2021 tax return before the cutoff date. The payment amount depends on adjusted gross income (AGI), with single filers qualifying up to $75,000 and joint filers up to $150,000. Failure to claim the credit by the deadline means forfeiting the payment. Visit IRS.gov to check eligibility and claim your funds.
Gratuity payment: Quitting your job before 5 years? You can still get gratuity; know how
Gratuity payment: Many employees who quit their jobs before five years of service think they cannot receive a gratuity. However, even if they quit after working this long, they can still be eligible for gratuity. Know how long an employee should work before five years to receive gratuity payment. Know the rules to get gratuity before quitting your job.
Income tax offences: To avoid jail term when can you use income tax compounding provisions; CBDT issues new FAQ
Income tax: The Central board of Direct Taxes (CBDT) has released new FAQs on compounding of offences. Under these provisions if you have any pending income tax case and want to settle this then you may apply for compounding of offences and get the case dropped. This can also help you avoid jail term if the tax department has imposed any criminal case.
12,000 merchants in Singapore could soon accept UPI payments
Nearly 12,000 Singapore merchants will soon accept payments via UPI following a partnership between NPCI International Payments and HitPay. This initiative aims to provide a seamless payment experience for over 1.2 million Indian tourists expected in 2024. The collaboration underscores UPI's expanding global footprint and its growing acceptance in international markets.
Indian government recommends 12% temporary tax on some steel products
India has proposed a 12% safeguard duty on select steel imports for 200 days to protect domestic producers. The temporary tax aims to curb rising imports and stabilise the local market. Announced in a government notice on Tuesday, the move reflects India's push for self-reliance in the steel sector.
ETtech Explainer: Why NPCI is pulling the plug on fraud-prone pull payments on UPI
Pull transactions are perhaps witnessing the largest number of fraud attacks. Here, users unknowingly authenticate a transaction via their mobile banking or UPI application, only to realise later that funds have been debited from their bank accounts. Once the transaction is done, there is hardly any recourse for the user because he has authenticated the transaction.
Missed advance tax deadline? To avoid another interest charge you must pay off any remaining advance tax liability before March 31
Advance tax: Incase you have missed the advance tax deadline of March 15, 2025 for FY 2024-25 then don't worry at once pay it off before March 31, 2025. If you don't pay it then interest under Section 234C will be levied. Moreover if you pay the missed advance tax payment after March 31, 2025 then interest under Section 234B will be levied.
Amitabh Bachchan tops India’s Taxpayer List with Rs 350 crore earnings. How much tax did he pay?
Amitabh Bachchan has emerged as India's highest tax-paying celebrity for FY 2024-25, surpassing Shah Rukh Khan. The 82-year-old Bollywood legend earned Rs 350 crore and paid Rs 120 crore in taxes, marking a 69% increase from last year. His income stems from films, brand endorsements, and Kaun Banega Crorepati. Bachchan's final advance tax installment of Rs 52.5 crore was paid on March 15, 2025. He outpaced Shah Rukh Khan (who paid Rs 92 crore) and Thalapathy Vijay (Rs 80 crore).
Expenditure on salaries, pensions of employees to be highest in Himachal budget 2025-26
Himachal Pradesh's 2025-26 budget allocates a significant portion to salaries and pensions, with 45% combined expenditure. Developmental works account for 24% of the budget, while interest and debt repayments add up to 22%. Revenue expenditure is projected at Rs 48,733.04 crore, with a substantial fiscal deficit expected.
Net direct tax collection till March 16 up 13.13% to 21.26 lakh
India's net direct tax collections have reached Rs 21.26 lakh crore by March 15, up 13.13% year on year. Boosted by advance tax collections of Rs 10.44 lakh crore, the collections will comfortably meet the revised target of Rs 22.37 lakh crore for the current fiscal year.
Airtel Payments Bank crosses one bn transactions
Airtel Payments Bank has achieved a significant milestone in January 2025 with over one billion transactions, reflecting a 47% year-on-year growth. This growth is driven by its diverse customer base and digital offerings, contributing to quarterly revenues exceeding Rs 700 crore and a net profit of Rs 18.5 crore.
UP: Sambhal Police celebrate Holi after ensuring peaceful celebrations on March 14
Police in Sambhal celebrated Holi after ensuring a peaceful festival across the district. They worked 14-16 hour shifts to maintain law and order. District Magistrate Rajendra Pensia and Superintendent of Police KK Bishnoi praised their efforts. Friday prayers during Ramzan also took place peacefully. Security included police, paramilitary forces, and drones. The district had previously experienced violence last year.
Samantha Ruth Prabhu erases past? Matching tattoo with Naga Chaitanya nearly gone amid new romance rumors
Samantha Ruth Prabhu has seemingly removed or faded her matching tattoo with ex-husband Naga Chaitanya, sparking reactions from fans. The tattoo, which once symbolized their bond, appears barely visible in her recent pictures, leading many to speculate that she is moving on. Fans took to social media, with some supporting her decision and others reflecting on the past. This move comes years after their divorce, signaling a fresh chapter in her life.
Yes Bank goes live with GST payment facility
Yes Bank has launched a GST payment facility, enhancing its digital banking services. The facility allows businesses to meet tax obligations quickly and securely via the bank's internet banking platforms or branch network. Taxpayers can generate GST challans on the GST portal and complete payments through Yes Bank’s NetBanking or over-the-counter options, receiving real-time confirmations.
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