Updated ITR filing deadline approaching! Some individuals receiving emails from income tax department; here’s why | Business – Times of India

[ad_1] Updated ITR deadline: As the deadline for updating Income Tax Returns (ITRs) for the fiscal year 2020-21 draws near, many individuals have recently received emails from the Income Tax Department regarding significant transactions flagged in their Annual Information Statement (AIS). Here’s what you need to know about these communications and how to address them:…

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SpiceJet claims ‘big breakthrough in financial restructuring’ with EDC settlement – Times of India

[ad_1] NEW DELHI: SpiceJet on Tuesday claimed to have achieved “the biggest breakthrough” in its ongoing financial restructuring efforts by reaches “a settlement with Export Development Canada (EDC) to resolve $91 million (Rs 755 crore) liabilities.” This, the airline says, will led to savings of $68.3 million (Rs 567 crore) for and allow it to…

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