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I-T Dept sends 8,000 notices to taxpayers who claimed exemption for charity

I-T Dept sends 8,000 notices to taxpayers who claimed exemption for charity

The Income-Tax Department has sent 8,000 notices to various individuals who made large donations to charitable trusts, The Economic Times (ET) reported. The notices have been sent because the donations made appear to be attempts to evade tax.

Government officials aware of the development were quoted in the report as saying that the data shows that donations made by these taxpayers was not consistent with their declared incomes and expenditures.

Former Jio-bp executive Kedar Apte to head M&M's global farm business

Former Jio-bp executive Kedar Apte to head M&M's global farm business

Automotive major Mahindra and Mahindra (M&M) appointed Kedar Apte as the chief of international operations for the farm equipment and two-wheeler (2W) business. This comes at a time when the group is focusing on an ambitious global tractor program, K2.

Apte comes from Jio-bp (a joint venture between Reliance & bp for mobility in India). He was working as the chief marketing officer at Jio-bp.

Non-leather footwear maker Pou Chen to invest Rs 2,302 cr in Tamil Nadu

Non-leather footwear maker Pou Chen to invest Rs 2,302 cr in Tamil Nadu

The government of Tamil Nadu on Monday signed a memorandum of understanding (MoU) with High Glory Footwear India, a subsidiary of Taiwan-based Pou Chen Corporation, the world’s largest branded athletic and casual footwear manufacturer, which may see investments to the tune of Rs 2,302 crore and generate more than 20,000 jobs.

The MoU entails the setting up of a non-leather footwear manufacturing unit in SIPCOT Industrial Park, Ulundurpettai, in Kallakurichi district.

March WPI inflation drops to 1.34%; food inflation slows to 2.32%

March WPI inflation drops to 1.34%; food inflation slows to 2.32%

India's Wholesale Price Index (WPI)-based inflation for the month of March came in at 1.34 per cent against 3.85 per cent in February.

"Decline in the rate of inflation in March, 2023 is primarily contributed by fall in prices of basic metals, food products, textiles, non-food articles, minerals, rubber and plastic products, crude petroleum and natural gas and paper and paper products," the Centre's press release read.

Big blow to BJP ahead of Karnataka assembly election as former CM Jagadish Shettar joins Congress

Big blow to BJP ahead of Karnataka assembly election as former CM Jagadish Shettar joins Congress

Just a day after quitting the Bharatiya Janata Party (BJP), former Karnataka Chief Minister Jagadish Shettar on Monday joined Congress ahead of the upcoming state assembly elections.

Shettar arrived at the Congress office in Bengaluru on Monday. His induction to the party took place in the presence of Congress chief Mallikarjun Kharge, Karnataka state Congress president DK Shivakumar and Leader of Opposition in the state assembly Siddaramaiah.

Same-sex marriage: Centre opposes gay marriage in Supreme Court, calls it 'Urban elitist concept'

Same-sex marriage: Centre opposes gay marriage in Supreme Court, calls it 'Urban elitist concept'

The Centre has told the Supreme Court that the demand for same-sex marriage is a "mere urban elitist view for the purpose of social acceptance", and recognising the right of same-sex marriage would mean a virtual judicial rewriting of an entire branch of law.

Opposing before the Supreme Court a decision to examine the issue for granting legal sanction to same sex marriage, the Centre asked could a constitutional court legislate to create a separate socio-legal institution of marriage between persons not contemplated by the existing legislation.

Umesh Pal murder case: Plea in SC seeking probe over Atiq Ahmed, Ashraf murder and 183 encounters in UP

Umesh Pal murder case: Plea in SC seeking probe over Atiq Ahmed, Ashraf murder and 183 encounters in UP

A plea has been moved in the Supreme Court by an advocate seeking to constitute an Independent Expert Committee under the Chairmanship of a Former Supreme Court Justice to inquire about the encounters that had occurred since 2017 as stated by the Uttar Pradesh Special Director General of Police (Law and Order) and also to inquire into the police custody murder of Atiq and Ashraf in Uttar Pradesh.

Gangster-turned-politician Atiq Ahmed and his brother Ashraf were shot dead while they were taken to a hospital in Prayagraj yesterday amid police presence.

Apple India: Excited to build on our long-standing history, says Tim Cook

Apple India: Excited to build on our long-standing history, says Tim Cook

Apple is celebrating more than 25 years in India. This week, the American technology giant is marking a major expansion with the opening of its first Apple Store locations in the country – Apple BKC in Mumbai on April 18, followed by Apple Saket in Delhi on April 20.

“At Apple, our mission is to enrich lives and empower people around the world,” said Tim Cook, Apple’s CEO.

India adds 10,753 fresh Covid-19 cases, active infections at 53,720

India adds 10,753 fresh Covid-19 cases, active infections at 53,720

India recorded 10,753 fresh COVID-19 cases, taking the number of active infections to 53,720, according to Union Health Ministry data updated on Saturday.

The toll has climbed to 5,31,091 with 27 deaths recorded in the last 24 hours.

Maharashtra: 12 dead, several injured as bus falls into gorge on Mumbai-Pune Highway

Maharashtra: 12 dead, several injured as bus falls into gorge on Mumbai-Pune Highway

At least 12 persons were killed and 27 others injured after the bus they were travelling in fell into a gorge on the old Mumbai-Pune highway in Raigad district of Maharashtra early on Saturday, police said.

The private bus carrying members of a traditional music troupe was going from Pune to Mumbai when it fell into the gorge near Shingroba temple on the highway around 4:50 am, a senior police official said. The accident occurred under the Khopoli police station limits.

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