Understand how it applies to unpaid tax liability, not just late ITR filing. Experts clarify misconceptions and calculation.

In doing so, the court dismissed the trustee’s argument that the failure was due to his longstanding accountant’s failure to ...

ITAT Mumbai held that an accrued business liability supported by evidence is deductible under Section 37(1) despite future payment, while rejecting a capital receipt ...

One amendment changes how essential medicine prices are regulated. The other formally brings stem cell products, gene therapies and xenografts under India's drug laws.

BB Gandanghari voiced out her support for Senator Robin Padilla’s proposal to lower the minimum age of criminal liability ...

Telangana High Court has held that the descendants of a deceased man were legally bound to repay the lawful debts of their ...

Bank of Baroda’s $600 million (₹5,700 crore) settlement in the NMC Health case ends one of the largest cross-border disputes involving an Indian public sector bank. Learn why the UAE-based healthcare ...

Did an NBA player suspension derail a championship run or cost millions in salary? Dive into the league's toughest ...

Two Richmond vendors say they lost their entire businesses in a matter of moments when a fire hit the night market.

A Jackson attorney says the families of the three victims killed in the June 27 triple homicide may have grounds to ...

Romania’s acting prime minister Ilie Bolojan stated in a Facebook post that the government's main priority in July and August ...

The file-sharing app launched 25 years ago and unleashed a wave of piracy that would shake Hollywood to its core.