Arguing the stay Tata Education and Development Trusts said that amendment, that puts a deposit condition before ITAT grants a stay, is \"directive and not mandatory\"

The Indian banking system needs a bad bank to deal with the growing non-performing loans. The kind of disruptions COVID outbreak and nationwide lockdown have created across the industry, the bad loans are expected to cross 15 lakh crore mark. What is the history behind the concept of a bad bank and how can it help the banking crisis?Also Read: Bank NPAs: One-year IBC suspension a blessing in disguise for ARCs

Most commercial banks offer auto-sweep facilities on the SB account in which an auto sweep FD gets linked to your SB account and whatever excess amount you have in the account gets transferred automatically through a sweep out process to book an FD

Last month, the CBIC had introduced a new rule in Central GST rules stipulating furnishing of ''Nil'' return by short messaging service (SMS) facility

The ITR forms 1 and 4 can be filed online either by downloading excel or Java utility whereas, other ITR forms will be available soon

All ITR forms, including Sehaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7, and Form ITR-V, will have separate space for mentioning investments made during quarter that can be availed as exemptions or deductions

Under the tax law, banks, mutual funds, companies and registrar, etc are supposed to furnish details of high value transactions

Trump-Twitter spat: US President Donald Trump said social media platforms have unchecked power to censor, restrict, edit, shape, hide, and alter virtually any form of communication between private citizens or large public audiences.

It will also assist the taxpayers to identify and take corrective action, in case any incorrect information/ detail is reported in Form 26AS

Tax regime needs greater stability, predictability and less litigation

Coronavirus crisis: China's Center for Disease Control and Prevention and other provincial level institutions have been asked to step up their testing abilities and rapidly respond to a sudden outbreak

Coronavirus crisis: The US President alleged that the WHO consistently ignored credible reports of the virus spreading in Wuhan in early December 2019 or even earlier. He said that the organisation failed to independently probe the reports

In his letter dated May 18, Trump alleged that the WHO has failed to publicly call on China to allow for an independent investigation into the origins of the virus, despite the recent endorsement for doing so by its own Emergency Committee

Corrective measures on the TDS and refunds front would bring relief to trade and industry while enhancing their competitiveness in the international market

The plan seeks restitution from the Chinese government and imposition of sanctions for lying about the virus. It further said China should be sanctioned for their atrocious human rights record

Another White House economic adviser, Kevin Hassett, said future legislation could include food aid to help Americans struggling with hunger amid widespread job losses that have ruined the finances of many people

Novel coronavirus, which originated in China's Wuhan city in mid-November, has killed more than two lakh people and infected over three million globally

The donations made to the PM CARES Fund would be eligible to receive 100 percent deduction under Section 80G of the Income Tax Act. This simply means that you won't have to pay any tax on the amount donated to PM CARES Fund

CBDT said that such communications are just a request for seeking an update response from the assessee for the proposed adjustment of refund with the outstanding demand

Coronavirus update: Many wondered if the government would now take the cheque back. Nina Olson, founder of Center for Taxpayer Rights told USA Today that the government would not take the amount back