IT Dept prescribes hybrid formula for determining FMV of capital assets in slump sale

Budget 2021 amended the tax law on fair market value

Comments

Post a Comment

Popular posts from this blog

MUDA scam: Karnataka Lokayukta seeks more time to submit final report

Image
Bengaluru : The Karnataka Lokayukta, which is probing the Mysuru Urban Development Authority (MUDA) land scam matter in which Chief Minister Siddaramaiah was named as one of the accused, has sought more time from the court to submit the final report. Considering the plea, Judge Santhosh Gajanan Bhat of the Special Court for MLAs/MPs in Bengaluru has posted the matter for hearing on February 24. The counsel representing the prosecution submitted that Lokayukta ADGP A. Subramanyeshwara Rao is reviewing the report and requested additional time for submission due to technical reasons. Mysuru Lokayukta SP T.J. Udesh had submitted the MUDA scam report to Lokayukta ADGP Subramanyeshwara Rao on February 13, following the directions of the High Court bench headed by Justice M. Nagaprasanna. According to sources, the final report on the MUDA scam consists of 550 pages across five volumes. The legal cell of the Lokayukta will examine the report and decide whether to file a charge sheet or su...
Read more

Maha-Karnataka language row: Family to withdraw POCSO case against conductor

Image
Bengaluru: As the situation continued to be tense in the border areas of Karnataka and Maharashtra following the attack on the RTC bus conductor in Belagavi for allegedly not responding in Marathi, the family of the minor girl involved in the case on Tuesday announced that they have decided to withdraw the POCSO case. The mother of the girl has also appealed to the people of Karnataka and Maharashtra states not to blow the incident out of proportion. The mother in the video stated, “The incident had taken place when my son and daughter went to the hospital after getting a ticket. The conductor had used bad language. We love the Kannada language and speak Marathi at home.” “We are concerned and saddened that the issue has snowballed into a crisis situation between two states and an issue of tussle over language. We apologise if we have made any mistake. Those who are involved in the assault have been jailed. The matter should end here. It was a scuffle over the ticket. We are withd...
Read more

Over 397 cr women availed free travel scheme till date, claims Karnataka govt

Image
Bengaluru: The Congress-led Karnataka government has released official statistics on the beneficiaries and expenditure of one of its flagship schemes, the Shakti Scheme, which enables free travel for women across the state in RTC buses. According to an official statement from the Karnataka State Road Transport Corporation (KSRTC), a total of 397.97 crore women passengers have availed of the scheme from its launch on June 11, 2023, until February 21, 2025. The ticket value of these passengers stands at Rs 9,743.09 crore. This figure includes passengers from KSRTC, Bengaluru Metropolitan Transport Corporation (BMTC), North West Karnataka Transport Corporation (NWKRTC), and Kalyan Karnataka Road Transport Corporation (KKRTC). On February 21, 2025, a total of 74.07 lakh women passengers travelled on RTC buses, with the ticket value amounting to Rs 20.19 crore. At the time of the scheme’s launch, between June 11, 2023, and June 30, 2023, 10.54 crore women passengers availed of the free...
Read more