From the 30-share Sensex basket, barring NTPC, all other 29 scrips were trading in the green led by Tata Steel, Maruti Suzuki India, HDFC Bank and Yes Bank, which were trading with gains of up to 5.7 per cent.
Provident Fund (EPFO) Interest Rate 2018-19: The Central Board of Trustees (CBT) of the EPFO in February recommended hiking the interest rate for its 6-crore active subscribers to 8.65 per cent for 2018-19 from a five-year low of 8.55 per cent.
Executives at the annual Asia Pacific Petroleum Conference said Monday they expect oil prices this year to be pressured by uncertainties surrounding the global economy, the US-China trade war and increasing US supplies.
GST Annual Return due date Extension: GSTR 9 is an annual return to be filed yearly by taxpayers registered under the Goods and Services Tax (GST). It consists of details regarding the outward and inward supplies made or received under different tax heads.
The department alleged its probe found that this fund was a benami of Ratul Puri and its shares were held by a Dubai-based operator, who is also an accused in the AgustaWestland VVIP chopper probe case.
ITR (Income Tax Return) filing Last Date 2019-20: The Central Board of Direct Taxes (CBDT) had earlier extended the due date of filing income tax return, which earlier was July 31, by one month for certain category of taxpayers as they were 'facing difficulties'.
In the recent budget announcement, the Union Finance Minister Nirmala Sitharaman proposed to make the permanent account number (PAN) card and Aadhaar interchangeable, effectively allowing those not possessing a PAN to file income tax returns by quoting their Aadhaar number.
The next logical step is for the government to identify and resolve gaps in the income reported by taxpayers under separate (but relevant) tax legislation. The obvious aspects for this would be income reporting under Indian Income tax and GST laws.