This article details various penalties under the Income Tax Act, 1961, for non-compliance. It outlines specific sections, defaults like failure to pay tax or file returns on time, and the corresponding penalties, which can range from daily fees to a percentage of undisclosed income.
Indian law firms are actively pursuing UK partnerships to capitalize on increased cross-border legal work expected from an upcoming free trade agreement. The pact is anticipated to boost demand in sectors like real estate, M&A, and tax, creating new opportunities for both direct alliances and project-based collaborations.
Karnataka minister Priyank Kharge has written to RSS chief Mohan Bhagwat demanding detailed disclosures on the organization's legal status, finances, structure, and tax compliance, citing its vast influence and public mobilization.
In India, a wife's remarriage generally ends her right to maintenance from her former husband. This principle applies across various laws, including the secular Bharatiya Nagarik Suraksha Sanhita (BNSS) and personal laws like the Hindu Marriage Act. However, the husband must obtain a court order to cancel maintenance; it does not stop automatically. Child maintenance obligations remain unaffected by the wife's remarriage.
As Indian assembly election results approach, over $26 million in bets on the decentralized platform Polymarket are set to be paid out. Despite Indian legal restrictions, users are utilizing crypto and VPNs to participate in these prediction markets.
