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Samsung Ordered to Pay $601 Million in Back Taxes in India, Penalties Over Telecom Imports
India has ordered Samsung to pay $601 million (roughly Rs. 5,149 crore) in back taxes and penalties for dodging import tariffs. The Samsung investigation began in 2021 when tax inspectors searched its offices in the financial capital of Mumbai and Gurugram near New Delhi, seizing documents, emails and some electronic devices.
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ByBit Pays Rs. 9.27 Crore Penalty, Completes FIU-IND Registration
ByBit has announced that it has completed its registration with India’s Financial Intelligence Unit (FIU), and paid a Rs. 9.27 crore penalty, as part of its compliance obligations. Earlier this month, the FIU-IND revealed that the Dubai-based exchange was not in compliance with India’s the Prevention of Money Laundering Act (PMLA) because of wh...
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Bengaluru Man Pays Rs 1.6 Lakh Fine Against 311 Traffic Challans
Bengaluru City Traffic Police Authority issued a challan worth Rs 1.6 lakh for an individual. The amount consisted of penalties for violation of traffic rules from past few months.
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Setback For Ex-IPL Chairman On Demand Of Rs 10.65 Crore Penalty From BCCI
The Bombay High Court has imposed a cost of Rs 1 lakh on Lalit Modi and dismissed his petition seeking an order to BCCI to pay penalty of Rs 10.65 crore imposed on him by the ED for violating FEMA.
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ITR Advance Tax Deadline Today: Who Needs To Pay, How To Avoid Penalties
Advance tax is a system where taxpayers pay their income tax liability in installments throughout the financial year, instead of a lump sum at the end.
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NMC Extends Date For Submission Of Annual Declaration Form To December 20
Medical colleges/institutions will have to pay a penalty of Rs 20,000 (including GST) by defaulting medical colleges.
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Air India Express Fined Rs 10 Lakh For Not Compensating Fliers For Cancelled Flights
Aviation regulator DGCA on Thursday imposed a penalty of Rs 10 lakh on Air India Express for not paying compensation to passengers for cancelled flights.
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Mumbai Boss Fines Late Staff Rs 200, Ends Up Paying Rs 1,000 Penalty Himself
Sharing his experience on social media platform X, Shah highlighted the challenges of adhering to strict timelines.
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Binance Registers With FIU as It Seeks to Resume Operations in India
Binance has registered with India's Financial Intelligence Unit (FIU) as the cryptocurrency exchange looks to resume its operations in India. The exchange was barred from operating in India in December for non-compliance with local regulations and can resume operations only after paying a penalty for previous non-compliances, which is yet to be det...
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Trump Pays $175 Million Reduced Penalty In New York Civil Fraud Case
Last week, a New York appeals court cut a $454 million bond payment he was originally required to pay, reducing the sum to $175 million and giving him 10 days to pay this smaller amount.
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Advance Income Tax 2024: Last Instalment Deadline On March 15
Income Tax 2024 Alert: The Income Tax Department urges all taxpayers to settle their advance tax dues before the deadline. Failure to do so can lead to interest charges under sections 234B and 234C of the Income Tax Act.
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Stop Using Drinking Water For These Activities In Bengaluru Or Pay Rs 5,000
Bengaluru has introduced a penalty for wasting drinking water as the city grapples with an acute shortage. The decision was taken by the Bengaluru Water Supply and Sewerage Board in a bid to promote judicious use of water.
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Trump To Address Supporters After $355 Million New York Civil Fraud Ruling
Donald Trump will address supporters at a campaign rally on Saturday for the first time since a New York judge ruled he must pay $354.9 million in penalties for fraudulently overstating his net worth to dupe lenders.
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Airbnb Admits Misleading Australians By Charging In US Dollars, Faces $30 Million Fine
A federal court ruling ordered Airbnb to pay A$15 million in penalties and an additional A$15 million in compensation to affected customers.
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Casino Operator Delta Corp Gets Rs 11,140 Crore Tax Notice
Casino operator Delta Corp said on Friday it has received a notice from the government to pay a tax of Rs 11,140 crore along with interest and penalty for the period July 2017 to March 2022.
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Samsung Ordered to Pay $601 Million in Back Taxes in India, Penalties Over Telecom Imports
India has ordered Samsung to pay $601 million (roughly Rs. 5,149 crore) in back taxes and penalties for dodging import tariffs. The Samsung investigation began in 2021 when tax inspectors searched its offices in the financial capital of Mumbai and Gurugram near New Delhi, seizing documents, emails and some electronic devices.
-
ByBit Pays Rs. 9.27 Crore Penalty, Completes FIU-IND Registration
ByBit has announced that it has completed its registration with India’s Financial Intelligence Unit (FIU), and paid a Rs. 9.27 crore penalty, as part of its compliance obligations. Earlier this month, the FIU-IND revealed that the Dubai-based exchange was not in compliance with India’s the Prevention of Money Laundering Act (PMLA) because of wh...
-
Bengaluru Man Pays Rs 1.6 Lakh Fine Against 311 Traffic Challans
Bengaluru City Traffic Police Authority issued a challan worth Rs 1.6 lakh for an individual. The amount consisted of penalties for violation of traffic rules from past few months.
-
Setback For Ex-IPL Chairman On Demand Of Rs 10.65 Crore Penalty From BCCI
The Bombay High Court has imposed a cost of Rs 1 lakh on Lalit Modi and dismissed his petition seeking an order to BCCI to pay penalty of Rs 10.65 crore imposed on him by the ED for violating FEMA.
-
ITR Advance Tax Deadline Today: Who Needs To Pay, How To Avoid Penalties
Advance tax is a system where taxpayers pay their income tax liability in installments throughout the financial year, instead of a lump sum at the end.
-
NMC Extends Date For Submission Of Annual Declaration Form To December 20
Medical colleges/institutions will have to pay a penalty of Rs 20,000 (including GST) by defaulting medical colleges.
-
Air India Express Fined Rs 10 Lakh For Not Compensating Fliers For Cancelled Flights
Aviation regulator DGCA on Thursday imposed a penalty of Rs 10 lakh on Air India Express for not paying compensation to passengers for cancelled flights.
-
Mumbai Boss Fines Late Staff Rs 200, Ends Up Paying Rs 1,000 Penalty Himself
Sharing his experience on social media platform X, Shah highlighted the challenges of adhering to strict timelines.
-
Binance Registers With FIU as It Seeks to Resume Operations in India
Binance has registered with India's Financial Intelligence Unit (FIU) as the cryptocurrency exchange looks to resume its operations in India. The exchange was barred from operating in India in December for non-compliance with local regulations and can resume operations only after paying a penalty for previous non-compliances, which is yet to be det...
-
Trump Pays $175 Million Reduced Penalty In New York Civil Fraud Case
Last week, a New York appeals court cut a $454 million bond payment he was originally required to pay, reducing the sum to $175 million and giving him 10 days to pay this smaller amount.
-
Advance Income Tax 2024: Last Instalment Deadline On March 15
Income Tax 2024 Alert: The Income Tax Department urges all taxpayers to settle their advance tax dues before the deadline. Failure to do so can lead to interest charges under sections 234B and 234C of the Income Tax Act.
-
Stop Using Drinking Water For These Activities In Bengaluru Or Pay Rs 5,000
Bengaluru has introduced a penalty for wasting drinking water as the city grapples with an acute shortage. The decision was taken by the Bengaluru Water Supply and Sewerage Board in a bid to promote judicious use of water.
-
Trump To Address Supporters After $355 Million New York Civil Fraud Ruling
Donald Trump will address supporters at a campaign rally on Saturday for the first time since a New York judge ruled he must pay $354.9 million in penalties for fraudulently overstating his net worth to dupe lenders.
-
Airbnb Admits Misleading Australians By Charging In US Dollars, Faces $30 Million Fine
A federal court ruling ordered Airbnb to pay A$15 million in penalties and an additional A$15 million in compensation to affected customers.
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Casino Operator Delta Corp Gets Rs 11,140 Crore Tax Notice
Casino operator Delta Corp said on Friday it has received a notice from the government to pay a tax of Rs 11,140 crore along with interest and penalty for the period July 2017 to March 2022.
