Articles for Crore Demand

Beauty, wellbeing, mini meal: HUL eyes high-growth segments to boost demand
3 weeks, 3 days ago

Beauty, wellbeing, mini meal: HUL eyes high-growth segments to boost demand

Live Mint  

Premium is the watchword for packaged consumer goods major Hindustan Unilever Ltd, as it unveiled a new strategy on Friday to ride on an expected rise in household income and increasing consumer preference for more expensive brands and products. These segments—premium face care, premium hair care, body wash, home care liquids, condiments and mini meals, and wellbeing—contributed ₹7,000 crore in …

Business India Growth Care Company Premium Crore
BBMP’s ‘one-time settlement scheme’ boosts property tax collections
4 months, 3 weeks ago

BBMP’s ‘one-time settlement scheme’ boosts property tax collections

The Hindu  

After the implementation of the one-time settlement scheme for property tax, 1.07 lakh property owners have utilised it, paying the Bruhat Bengaluru Mahanagara Palike ₹184.77 crore in dues till July 29. According to data provided by the BBMP, from April 1 to July 29, the number of property tax defaulters has seen a notable decline, which officials say shows the …

Properties Property Tax Crore Bbmp Ots Zone Saw Tax Collections
Cipla gets ₹773 crore demand notice from income tax department. Here’s why
5 months, 1 week ago

Cipla gets ₹773 crore demand notice from income tax department. Here’s why

Live Mint  

Leading pharmaceutical manufacturer Cipla Ltd received an additional tax demand of ₹773.44 crore from the income tax department for assessment years 2015-16 to 2022-23, the drug maker said in a stock exchange filing on July 16. The tax authority has asked for additional taxes, citing rule violations, including short deductions, weighted deductions, and disallowances of various expenses under the Income …

Income Tax Company Cipla Crore Demand
Bengaluru-based Sobha Ltd gets ₹46 crore income tax demand notices; company to file appeal
8 months, 3 weeks ago

Bengaluru-based Sobha Ltd gets ₹46 crore income tax demand notices; company to file appeal

Hindustan Times  

Listed real estate firm Sobha Ltd has received demand notices of nearly ₹46 crore from the Income Tax Department. The Bengaluru-based company said that it is in the process of filing an appeal before the Commissioner of Income Tax, against the orders within the prescribed timelines. Listed real estate firm Sobha Ltd has received demand notices of nearly ₹ 46 …

Bengaluru Tax Income Tax Income Notices Company Crore
I-T Reprieve for Congress Till Polls
8 months, 3 weeks ago

I-T Reprieve for Congress Till Polls

Deccan Chronicle  

New Delhi: In a major reprieve to the Congress, the income-tax department on Monday told the Supreme Court that it will not take coercive action against the party for the tax demand notices of over Rs.3,500 crore in view of the forthcoming Lok Sabha elections. A bench of Justices B.V. Nagarathna and Augustine George Masih recorded the statement of Solicitor-General …

Congress Demand Mehta
56 lakh updated ITRs filed, Rs 4,600 crore taxes collected in two years: CBDT
10 months, 3 weeks ago

56 lakh updated ITRs filed, Rs 4,600 crore taxes collected in two years: CBDT

India TV News  

The income tax department has collected around Rs 4,600 crore in taxes from 56 lakh updated income tax returns filed by taxpayers in the past two years, according to Nitin Gupta, the Chief of the Central Board of Direct Taxes. The CBDT has set up a demand management centre in Mysuru, Karnataka, to focus on large disputed tax demands exceeding …

Tax Demands Demand Gupta Two Years Rs Cbdt
Surging demand, soaring sales to keep real estate under arc lights in 2024
11 months, 3 weeks ago

Surging demand, soaring sales to keep real estate under arc lights in 2024

The Hindu  

India’s housing market defied logic this year to register all-time high sales as home buyers snapped up deals despite a jump in asking prices and the highest interest rates in six years. The real estate industry saw record sales of residential properties in terms of both volumes and value, real estate market data showed as consumers are increasingly buying into …

India Real Estate Growth Market Indian Sales Demand
Sula Vineyards share price slumps over 6% on excise duty notice of ₹116 crore
1 year, 4 months ago

Sula Vineyards share price slumps over 6% on excise duty notice of ₹116 crore

Live Mint  

Sula Vineyards share price slumped over 6% on Wednesday's trade after receiving an excise duty notice for ₹116 crore from the Maharashtra excise department on Tuesday. Sula Vineyards share price opened at intraday high of ₹496.65 apiece on BSE. The company stated in an exchange filing that the State Excise Revenue Minister has vacated the interim order granted pursuant to …

Company Notice Excise Maharashtra State Sula Vineyards Excise Duty
I-T dept sends tax demand notice to Amazon Web Services; Here’s why
1 year, 9 months ago

I-T dept sends tax demand notice to Amazon Web Services; Here’s why

Live Mint  

The income tax department has reportedly sent a tax demand notice to Amazon Web Services of ₹549 crore. The tax department has raised ₹190.85 crore tax demand for FY15 and ₹358.27 crore for FY17 by invoking Section 147 of the Income-tax Act. In January, the income tax department has also begun a probe against drug major Cipla over the allegations …

Notice Tax Department
More funds for MGNREGS if needed, says Rural Development Ministry
1 year, 10 months ago

More funds for MGNREGS if needed, says Rural Development Ministry

The Hindu  

The cut in budgetary outlay for Mahatma Gandhi National Rural Employment Guarantee Scheme will not affect the programme’s objective of providing wage employment on demand and additional funds will be made available as and when the need arises, the Ministry of Rural Development said, in a clarification to news reports on the adverse impact of the budget cuts on the …

Budget Crore Ministry Scheme Wage Employment
Demand for power touches 14000 MWÂ peak ahead of rabi season
1 year, 11 months ago

Demand for power touches 14000 MWÂ peak ahead of rabi season

Deccan Chronicle  

HYDERABAD: In a record, the demand for power just ahead of the rabi season crossed the 14,000-MW mark on Friday. The power utilities said they were geared up to meet expected demand of 15,500 MW during the peak rabi season. Chief Minister K. Chandrasekhar Rao has urged power utilities, particularly TS Transco and Genco chairman and managing director D. Prabhakar …

Power Demand Rabi Season Power Utilities
Finance Minister’s stimulus concedes failure of ₹20 lakh crore Atma Nirbhar package: Congress
4 years, 2 months ago

Finance Minister’s stimulus concedes failure of ₹20 lakh crore Atma Nirbhar package: Congress

The Hindu  

The Congress on Monday said the latest announcements by Finance Minister Nirmala Sitharaman about a fiscal stimulus is an admission that the much hyped ₹20-lakh crore Atma Nirbhar package was a “dismal failure to protect or revive the ravaged economy”. The party said the Finance Minister’s intent is really to manage headlines and “somehow believe that the economy will respond …

Finance Economy Congress Minister Nirbhar Package
Special festival advance scheme announced for government employees: 5 points
4 years, 2 months ago

Special festival advance scheme announced for government employees: 5 points

Live Mint  

Finance Minister Nirmala Sitharaman today announced a special Festival Advance Scheme for central government employees revived as a one-time measure. 3) The government expects to disburse ₹4000 crore under this advance scheme 4) If given by state governments, another ₹8000 crore is likely to be disbursed. To stimulate demand in the economy, the government also announced giving out cash vouchers …

Festival Employees Crore Government Employees Advance Central Government Employees Festival Advance
Govt announces LTC voucher scheme for employees: 5 things to know
4 years, 2 months ago

Govt announces LTC voucher scheme for employees: 5 things to know

Live Mint  

Finance Minister Nirmala Sitharaman on Monday announced giving out cash vouchers to central government employees this year in lieu of leave travel concession fare which could be spent only on buying non-food GST-rated items. To incentivise the govt sector employees Every four years, central government employees get LTC to any destination to their choice plus one to their hometown. Central …

Employees Central Central Government Central Government Employees Ltc Ltc Voucher Scheme