Tuesday, April 22, 2025

Creating liberating content

Buy or sell stocks (AI image) Jefferies maintained its ‘hold’

Eat the rainbow: Don’t just stick to one fruit—rotate between

Top stocks to buy (AI image) Stock market recommendations: According

Gujarat Titans players (PTI Photo) Skipper Shubman Gill’s sublime 90

Related News

Buy or sell stocks (AI image) Jefferies maintained its ‘hold’ rating on Eternal with a target price of Rs 255. Analysts feel that the company’s recent decision to cap foreign

Eat the rainbow: Don’t just stick to one fruit—rotate between colourful varieties to get a full spectrum of antioxidants and nutrients. Choose whole over processed: Always opt for fresh, raw

Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, JSW Energy and Oberoi Realty are the

Gujarat Titans players (PTI Photo) Skipper Shubman Gill’s sublime 90 off 55 balls and a disciplined bowling effort powered Gujarat Titans to a convincing 39-run win over Kolkata Knight Riders

NEW DELHI: Corporate Affairs Ministry (MCA) on Monday said it will take necessary action in the Gensol Engineering matter after examining Sebi’s order against the company. Last week, Sebi barred

MUMBAI: RBI directed banks to assign additional 2.5% liquidity buffer rate to internet and mobile banking-enabled retail and small business customer deposits from April 1 next year to stave off

Trending News

Buy or sell stocks (AI image) Jefferies maintained its ‘hold’ rating on Eternal with a target price of Rs 255. Analysts feel that the company’s recent decision to cap foreign

Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, JSW Energy and Oberoi Realty are the

MUMBAI: RBI directed banks to assign additional 2.5% liquidity buffer rate to internet and mobile banking-enabled retail and small business customer deposits from April 1 next year to stave off

HYDERABAD: After days of flirting with the Rs 1 lakh/10gm mark (24K) on the back of the Donald Trump-Xi Jinping slugfest, gold finally breached this psychological barrier for the first

MUMBAI: Led by a significant rally in bank stocks, Dalal Street experienced a strong upsurge on Monday. The sensex reclaimed the 79K level, while the Nifty rose above the 24K

Monday’s session added about Rs 6.25 lakh crore to investors’ wealth, with BSE’s marketcapitalisation now at Rs 425.9 lakh crore. This, in effect, lifted BSE’s market cap above the $5

Yes Bank gets Rs 2.2k crore notice from tax authorities

Word Count: 495 | Estimated Reading Time: 3 minutes


Yes Bank gets Rs 2.2k crore notice from tax authorities

NEW DELHI: Yes Bank on Saturday said it has received a demand notice of Rs 2,209 crore for the assessment year (AY) 2019-20. The said AY was reopened by the income tax department in April 2023, Yes Bank said in a regulatory filing. The reassessment order was passed by the National Faceless Assessment Unit of the income tax department on March 28, wherein no additional disallowances or additions were made, that is, the grounds on which the reassessment proceedings were initiated have been dropped, it said.
Thus, the total income that was assessed in the original assessment order passed under section 144 of the Income Tax Act has remained unchanged in the reassessment order and consequently, no demand should have been raised against the bank, it said.
However, it said, despite this, the computation sheet and the Notice of Demand issued under section 156 of the Act, of even date, have raised an income-tax demand amounting to Rs 2,209.17 crore, including interest of Rs 243.02 crore, which prima facie appears to be “without any basis”.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account