Amitabh Bachchan, wife Jaya, son Abhishek, daughter-in-law Aishwarya and Devgn were served notices under Section 37 of the Foreign Exchange Management Act (Fema) which allows ED to obtain preliminary information before investigation.
India Business News: Budget 2021 has restricted avenues for tax-free returns for middle-class taxpayers. From April 1, returns on investment of more than Rs 2.5 lakh in tw
Shares of Tata Motors rose sharply by 15.21 per cent to touch Rs 322.30 apiece on Tuesday the highest since May 2018 in light of positive developments like robust sales volumes in January and an emphasis on infrastructure in the Budget. It was also aided by the strong operational performance of the consolidated entity, including Jaguar Land Rover. The Tata Group flagship’s total commercial vehicles (CV) sales in the domestic market dropped 2 per cent to 30,764 units, compared with 31,348 units a year ago. However, medium and heavy commercial vehicles (MHCVs), its cash cow, rose to 8,416 units, a 22 per cent rise over the previous year after several months of decline. A small base of last year and a gradual pickup in economic activity led to the increase. Even its intermediary and light commercial vehicles volumes advanced 29 per cent year-on-year (YoY).
With this amendment, return on investment up to Rs 2.5 lakh in PF will remain tax-free while the return on the portion exceeding that amount will be treated as income in the investor s hand. This portion will be taxed at the rate at which the investors income is taxed, said Sonu Iyer of Ernst and Young.
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Juhi Chawla and husband Jay Mehta s ancestral home in Malabar Hill is an architectural masterpiece
Bollywood actress and Kolkata Knight Riders co-owner Juhi Chawla and her businessman husband Jay Mehta have one of the most beautiful houses in Malabar Hills in Mumbai. It is their ancestral home. The couple recently renovated the terrace of the house that was reportedly bought by Jay s grandfather in 1940. Jay met Sri Lankan architect Channa Daswatte to work on the terrace area of the house. Juhi s husband and Daswatte have previously worked together on multiple projects in India and Uganda.