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Penalty News

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Trump avoids jail time: Court rules on hush money conviction with 'No Penalties'

Washington DC: Donald Trump becomes the first felon to occupy the White House, escaping jail and penalties for his crimes in advance of the start of his second presidential term after conviction in a hush money case...
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Filing your income tax return? This is how you can avoid penalties

Filing an Income Tax Return (ITR) on time is important to avoid penalties. The deadline to file for the financial year 2023-24 (assessment year 2024-25) is July 31, 2024. Late filers can submit returns until December 31, 2024, with a penalty. ...
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Amazon hit with Rs 27 lakh penalty for selling locally made socks in Chandigarh; Here's why

The Commission directed Amazon and V K Knitting to refund Bansal the amount paid for the socks, along with Rs 2 lakh compensation and Rs 20,000 for litigation expenses. ...
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Big blow to Donald Trump as US court slaps USD 355 million penalty in civil fraud case

Donald Trump and his two adult sons have been found guilty of artificially inflating the worth of their properties by hundreds of millions of dollars. However, they have refuted any misconduct....
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Explained: Cash holding limits at home and key Income Tax rules

According to the Income Tax Act, there is no specific restriction on the amount of money one can store at home. However, unaccounted funds can lead to penalties...
Ashneer Grover, fined Rs. 2 lakh

Ashneer Grover, fined Rs 2 lakh, apologises in High Court for his posts criticising BharatPe

Ashneer Grover, co-founder and former managing director of BharatPe , was fined Rs 2 lakh by the Delhi High Court on Tuesday for his disparaging remar...

25 years of jail to Haryana man for raping teen daughter

A Fast Track Court in Haryana on Tuesday sentenced a 50-year-old man to 25 years of imprisonment for raping his minor daughter in 2018. According t...

Last date to file ITR. Here’s what happens if you miss it

Today is the last day to submit income tax returns (ITS) for the financial year 2023–24. According to the latest updates by the income tax depart...

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