The Madras High Court has postponed actor Vijay's income tax case, concerning a ₹1.50 crore fine for alleged income concealment related to the 2016-17 financial year. Vijay contests the penalty, ...

While net profit is a key profitability indicator, it doesn't reflect liquidity. Many profitable companies face negative cash flow, while some loss-making firms have positive cash flow due to accrual ...

The Tamil Nadu government on Monday informed the Madurai Bench of the Madras High Court that the Director-General of Police had issued a circular requesting the Commissioners and Superintendents of ...

Income Tax officials searched around 25 locations linked to Pothys Textiles. These locations are in Chennai, Coimbatore, and Madurai. The searches began based on information about large-scale tax ...

On April 2016, the income tax department conducted a search raid operation in Krishnaswami’s residence and found Rs 5 crore (4,93,84,300) cash which they considered as unaccounted and thus seized it.

The Supreme Court overturned Krishnaswami's tax evasion prosecution, citing the Income Tax Department's violation of its own circulars. The court emphasized that CBDT circulars are binding and the ...

When individuals enter retirement, they mark a shift from wealth accumulation to capital preservation and stability in income flows. Without a consistent and seamless flow of regular salary, managing ...

While inflation has cooled compared to recent highs, there have been upticks in the inflation rate over the last few months, and, as a result, the cost of living remains elevated. That's making it ...

The last year saw the Company continue its focus on controlling costs which resulted in strong cash flow and net income relative to the year prior. Annual revenues have been flat for the last two ...

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