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Top headlines: Small firms on I-T radar, race for steel supremacy, and more

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BS Web Team New Delhi
60-65 small- to mid-sized companies on I-T radar for TDS mismatch
Ahead of the second instalment of advance tax, the revenue department is scrutinising entities that have registered negative growth in their tax deducted at source (TDS) payments, even when they reported healthy advance tax payments. According to sources, taxmen have observed a mismatch in TDS payments from at least 60-65 small to mid-sized companies. Read more

Deals or distress: Consumer goods makers bet on bumper festive sales
In spite of high commodity inflation, shortage of components and the threat of a third wave of the Coronavirus (Covid-19) pandemic, makers of