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IndiGos parent, InterGlobe Aviation, has received a Rs 944.20 crore penalty from the Income Tax Department for the 2021-22 assessment year. The airline refutes the penalty, calling it erroneous, and plans to contest the ruling through legal channels.

Yes Bank has received a demand notice of Rs 2,209 crore for the assessment year 2019-20 from the income-tax department. The reassessment, done by the National Faceless Assessment Unit, made no additional disallowances. Despite this, a demand of Rs 2,209.17 crore, including interest, has been raised. Yes Bank plans to appeal and rectify this order.

Despite no investment you can still get 80C tax deduction if you invested in NSC

Several financial deadlines and regulatory changes will take effect by March 31, 2025. These include the last opportunity to invest in Mahila Samman Savings Certificate, updated UPI rules, and the final date to file an updated ITR. Special FD schemes, changes to SBI credit card rewards, and PM Internship Scheme deadlines are also approaching.