Business
No proposal to extend last date for filing I-T returns, says finance ministry
The EU Finance Ministry said on Friday that it has not proposed to extend the deadline for filing income tax returns (ITR). The last date to file an income tax return is today, which is December 31, 2021.
“As of 3 o’clock this afternoon, a total of 562 million U.S. dollars of returns have been submitted. Today, more than 2 million returns have been submitted. This year, more than 6 million returns have been submitted,” the Minister of Revenue Tarun Bajaj announced the news. Say.
After a letter from the All India Chamber of Traders (CAIT), a domestic trader group, issued a letter earlier this week, the statement was in response to speculation that the tax period for the fiscal year ending in March 2021 may be extended again.
The deadline for ITR submissions was earlier extended by five months until December 31.
At the same time, in answering questions about ongoing tax searches, Federal Finance Minister Nirmala Sitharaman stated that when law enforcement agencies conduct searches, they will only provide actionable intelligence.
“How did the former Chief Minister of Uttar Pradesh (Akhilesh Yadav) know that this is BJP money? Is he a partner? Is he afraid,” Sitharaman said on the sidelines of a news conference at the GST committee meeting. Earlier in the day, the income tax department raided a number of premises related to certain perfume traders in Uttar Pradesh, including Samajwadi Party MLC Pushparaj Jain in Kannauj.
Officials said that 30-40 locations are being searched in Kanaoj, Kanpur, NCR, Surat, and Mumbai.
Complete News Source : Hindustan Times
Business
Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise
%20(3).jpg "Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise")
Tributes continue to pour in for Ratan Tata, with Virat Kohli and Jay Shah taking to their social media accounts to bid farewell to the industrialist.
Former Indian captain and batting legend Virat Kohli paid a touching tribute to Ratan Tata, the legendary business tycoon, who passed away on Wednesday night. Tata, a Padma Vibhushan recipient, was undergoing treatment in intensive care since Monday but breathed his last in Mumbai, leaving a profound impact on many across the nation.
Kohli expressed his condolences through his Instagram account on Thursday morning, sharing a heartfelt message along with a photo of the late industrialist.
Tata’s contribution to business, society, and philanthropy has been widely acknowledged, and his passing marks the end of an era.
The Board of Control for Cricket in India (BCCI) secretary, Jay Shah, also conveyed his sorrow, stating, “Deeply saddened by the loss of Shri Ratan Tata Ji. His leadership, integrity, and dedication to society set a remarkable standard for legacy. My heartfelt condolences to his loved ones. Rest in peace, Sir.” Shah’s words reflect the collective grief of a nation that has long admired Tata’s contributions to the country.
BCCI’s tribute
Additionally, the BCCI issued a statement about his demise.
“The BCCI expresses its deepest sorrow and joins the nation in mourning the passing of Shri Ratan Tata ji. His invaluable contributions across diverse fields have been instrumental in shaping India’s growth and success story.
His extraordinary legacy, founded on the principles of passion, empathy, visionary leadership, innovation, and excellence, will continue to inspire and guide future generations for years to come,” the statement read.
Ratan Tata, born on December 28, 1937, in Mumbai, embarked on his journey with the Tata Group in 1962 as a young executive. Over the decades, he transformed the group into a global conglomerate. His work was acknowledged with India’s second-highest civilian honour, the Padma Vibhushan, in 2008, and he received numerous accolades, including honorary doctorates from prestigious institutions in India and abroad.
Tata is survived by his family, including brothers and sisters Simone Tata, Jimmy Tata, Noel Tata, Aloo Tata, Shireen Jejeebhoy, Deanne Jejeebhoy, Leah Tata, Maya Tata, Neville Tata, Manasi Tata, Jamset Tata, Tiana Tata, and others, as mentioned in a family statement.
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