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Thursday, August 13, 2020

What the numbers show: Adding ELSS to your tax-saving investments is a good idea

January 10, 2020 2:09:41 pm

In 2019, tax-saving mutual fund schemes performed better than crowd favourites like PPF. It’s a good time to consider including them in your portfolio.

‘Relief on AGR to non-telecom PSUs must come only from SC’

December 30, 2019 1:45:36 am

Senior DoT officials say it is unlikely to provide any relief.

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Operation Twist makes India long-tenor debt Asia’s top performer

December 21, 2019 12:13:57 pm

The concept is similar to Operation Twist used by the Fed in 2011-2012 in an effort to cheapen long-term borrowing and spur bank lending. The Fed then swapped short-term Treasury securities for longer-term government debt, which reduced the gap between two- and 10-year yields.

India ranks 73rd in UN index assessing e-commerce readiness

December 4, 2019 4:23:17 pm

The index scores 152 nations on their readiness for online shopping, worth an estimated USD 3.9 trillion globally in 2017, up 22 per cent from the previous year.

Jolt of espresso may cost more as drought wilts Indonesia’s coffee

Jolt of espresso may cost more as drought wilts Indonesia’s coffee

December 3, 2019 10:37:36 am

The Southeast Asian country is the world’s third-largest producer of the robusta variety used in espressos and instant drinks, and most is grown in the southern part of Sumatra island, the areas that have been hit by drought.

AP Intelligence busts espionage racket in Indian Navy

ED arrests former Bhushan Power & Steel promoter Sanjay Singal

November 23, 2019 1:57:16 am

Earlier, on October 10, the agency had attached the entire plant of the company worth Rs 4,025 crore in Village Thelkoloi in Odisha’s Sambalpur.

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Telcos file review plea in SC on interest fee, penalty waiver

November 23, 2019 1:50:43 am

The telcos, through separate petitions, sought a waiver of interest, penalty, and interest on the penalty.

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Proactive monitoring, traceability of original sender to be in IT rules

November 22, 2019 1:32:44 am

Responding to a calling attention notice in Rajya Sabha last year on the “misuse of social media platforms and spreading of fake news”, the Ministry, in December last, released a draft of its intermediary guidelines amendments.

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DRI challenges quashing of letter rogatories by HC

November 22, 2019 1:17:22 am

So far, the DRI had issued 14 LRs to multiple foreign jurisdictions, such as Singapore, Hong Kong, Switzerland, UAE among others, seeking information in the alleged over-valuation in Indonesian coal imports.

Asia needs $800 billion over the next decade to feed itself

Asia needs $800 billion over the next decade to feed itself

November 21, 2019 10:54:48 am

Most of the investment, or about $550 billion, will fund core needs revolving around sustainability, safety, health and convenience, while the other $250 billion is to provide increased amounts of food for the growing population.

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India, Switzerland for greater cooperation on information exchange in tax matters

November 13, 2019 10:22:49 pm

Both countries expressed their commitment to global tax transparency for tackling offshore tax evasion.

FICCI mourns demise of its former president K K Modi

November 3, 2019 11:44:18 pm

Modi Enterprises Chairman and former president of FICCI Modi (79) breathed last on Saturday.

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HDIL, PMC bosses in police custody till October 14

October 9, 2019 2:02:33 pm

In the FIR, police said the actions of the accused allegedly led to bank losses totaling Rs 4,355.46 crore. The ongoing investigation has found that there were nearly 44 accounts at the bank that were password-protected.

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Corporate tax cut positive but growth faces headwinds: Moody’s

September 21, 2019 2:54:12 pm

Moody's said the cut in corporate tax is credit positive for companies because it will enable them to generate higher post-tax incomes. "However, it is credit negative for the sovereign, as it aggravates mounting risks for the government in meeting its fiscal deficit target."

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Investor wealth spikes Rs 2.11 lakh crore after FM announcements

September 20, 2019 6:42:26 pm

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.

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Over 6 crore EPFO members to get 8.65% interest for 2018-19: Labour Minister Santosh Gangwar

September 17, 2019 4:59:58 pm

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.

Oil hits six-week high on hopes of extended OPEC output cuts

September 10, 2019 12:00:15 pm

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.

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GST returns filing date extended till November 30

August 27, 2019 11:08:56 am

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.

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Income Tax notices now only through centralised system, end to ‘harassment’: Sitharaman

August 23, 2019 6:15:19 pm

Finance Minister Nirmala Sitharaman said in a press conference that a computerised system will be introduced to issue notices and summons.

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I-T attaches Rs 300-crore Delhi bungalow linked to Kamal Nath’s nephew

August 12, 2019 4:58:22 am

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.

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ITR filing: When is the last day to file income tax returns?

August 2, 2019 12:42:36 pm

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'.

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Raghuram Rajan signals Brexit politics deterred him from seeking BOE job

July 20, 2019 10:18:55 pm

In an interview with the BBC, Rajan confirmed he hadn’t sought the position and cited the fact that central banking 'has become much more political in recent times' as an explanation for why not.

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Last date to file Income Tax Return may be extended. Here’s what we know

July 25, 2019 7:16:47 pm

The reason for the supposed extension is the problems faced by people due to the change in the format of filing tax returns and the tax deducted at the source (TDS) certificates issued by employers.

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When is the last day to file income tax returns?

July 25, 2019 7:17:04 pm

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.

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Why sharing ITR data with GSTN to detect tax evasion is a step in the right direction

June 24, 2019 7:01:10 pm

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.

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