Income Tax department turns heat on salaried taxpayers; warns against false claims

May 9, 2018

As financial year 2017-18 has come to an end, it is now time for individual taxpayers to start working on filing their income tax return by July 31, 2018 (except certain individual taxpayers who derive income from business/ profession and are subject to tax audit). Fraudulent tax refunds In January this year, the investigation wing of income tax department unearthed a racket of incorrect/ fraudulent tax refunds by employees of…

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Xiaomi fans in India, here’s ‘bad news’ for you

May 9, 2018

Xiaomi fans, here is some bad news for you. The Chinese consumer electronics maker has increased the prices of its two popular products — Redmi Note 5 Pro and Mi LED TV 4 55 — that were launched in February this year. The new prices of the smartphone and television are set to reflect starting tomorrow. The Xiaomi Redmi Note 5 Pro that was launched at Rs 13,999 for the…

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No more grace marks for medical students? Madras High Court slams practice

May 9, 2018

The Madras High Court has come down on the practice of awarding grace marks to medical students who fail to clear certain subjects. Dismissing a petition filed by a third-year MBBS student of a private college in Puducherry, seeking grace marks to enable her to clear the ophthalmology paper, Justice S Vaidyanathan, in a recent order, said citizens were taken for a ride by such practices. If the students of…

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