Income Tax Department cracks down on bogus claims of deductions and exemptions

New Delhi, July 14 (UNI) The Income Tax Department has initiated a large-scale verification operation across multiple locations in the country, targeting individuals and entities facilitating fraudulent claims of deductions and exemptions in Income Tax Returns (ITRs), an official spokesman said today. This follows a detailed analysis of the misuse of tax benefits under the…

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Three Indian firms clinch deal with Saudi’s Ma’aden for long-term DAP fertilizer supply

New Delhi, July 14 (UNI) Three prominent Indian Fertilizer Companies, Indian Potash Limited (IPL), Krishak Bharti Cooperative Limited or KRIBHCO, and Chambal Fertilizers and Chemicals Ltd (CIL), signed a long-term agreement with Saudi-based Ma’aden to increase the annual supply of Diammonium Phosphate or DAP. The formalization of the agreement took place during the visit of…

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