Individuals reporting annual income of above Rs 1 cr doubles in 2 yrs

Individuals reporting annual total income of over Rs one crore have doubled to 1.69 lakh in the two-year period ending March 2022, the income tax department data showed. As per the tax return data filed in assessment year (AY) 2022-23, relating to income earned in fiscal 2021-22), 1,69,890 individuals have shown total income… Continue reading Individuals reporting annual income of above Rs 1 cr doubles in 2 yrs

X social media reveals reporting structure under Elon Musk: CEO Yaccarino

X, the social media company formerly known as Twitter, said on Monday that owner Elon Musk will lead the product and engineering teams, while its Chief Executive Linda Yaccarino will lead all other teams including legal and sales. The company said both Musk and Yaccarino will oversee the trust and safety team,… Continue reading X social media reveals reporting structure under Elon Musk: CEO Yaccarino

Improved detection, reporting bring down bank fraud cases: MoS Finance

Improved detection and reporting, along with steps taken to check bank frauds, have resulted in a sharp decline in the occurrence of such incidence, Parliament was informed on Monday. Sharing data, Minister of State for Finance Bhagwat Karad said bank frauds have declined from Rs 77,544 crore in 2013-14 to Rs 1,650 crore… Continue reading Improved detection, reporting bring down bank fraud cases: MoS Finance