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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'.

Raghuram Rajan: Global economy in better place after Federal Reserve cuts, trade progress

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.

What Budget 2019 could do to transform the education and skill development sector

June 24, 2019 11:13:34 am

The education and skill development sectors would need to be enabled to make the required changes so that the persons coming out of the system are not just employable, but can also adapt.

Anil Ambani claims to have paid Rs 35,000 cr to lenders in past 14 months

Chinese banks demand $2.1 billion from tycoon Anil Ambani’s firm

June 18, 2019 12:10:31 pm

State-owned China Development Bank, with loans worth 98.6 billion rupees ($1.4 billion) was the biggest creditor to the indebted telecom company, according to a filing made by the Indian company to stock exchanges.

Govt goes back on stat restructuring order, says NSO to be headed by Chief Statistician

June 8, 2019 4:55:07 am

The May 23 order, which had cleared the merger of National Sample Survey Office (NSSO) and Central Statistics Office (CSO), had only mentioned Secretary (Statistics and Programme Implementation) as the head of NSO and not mentioned Chief Statistician of India.

Tata Steel will continue to explore various business options in Europe: T V Narendran

‘European Commission to block Tata Steel-ThyssenKrupp JV’

May 11, 2019 2:12:16 am

Had the deal been cleared, it would have been the largest European steel deal since 2006 when Arcelor was taken over by industrialist Lakshmi Mittal.

Sensex drops over 150 pts; Rupee rises 14 paise to 71.58 against USD

Sensex starts on weak note, Yes Bank recovers 4 per cent

May 2, 2019 11:35:54 am

Top gainers in the early session were Yes Bank, Bharti Airtel, Hero MotoCorp, Sun Pharma, RIL, M&M, PowerGrid, HDFC Bank, IndusInd Bank, Bajaj Auto, L&T, Coal India and Kotak Bank, rising up to 3.66 per cent.

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Non-filers of GST returns for 2 months to be barred from generating e-way bills from June 21

April 24, 2019 5:16:32 pm

With almost two years into GST implementation, the government is now focussing on anti-evasion measures to shore up revenue and increase compliance.

Satya Nadella on CAA: 'Sad, would love to see a Bangla immigrant become next Infosys CEO'

Business Insider’s List: 4 Indian-origin executives among ‘10 people transforming the way tech industry does business’

April 20, 2019 4:35:16 am

After stablising a struggling Microsoft, Business Insider says, Satya Nadella has his eyes set on artificial intelligence, edge computing, and augmented reality.

RailTel turns 1600 railway stations into RailWire Wi-Fi zone

April 10, 2019 4:28:03 pm

RailTel started providing the free public Wi-Fi service at Indian railway stations with a vision of turningRailway stations into a platform for digital inclusion.

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Rail Vikas Nigam’s IPO to start today, price band set at Rs 17-19 per equity share

March 29, 2019 1:15:57 pm

The IPO is an offer for sale by the President of India, under the guidance of the Ministry of Railways and the Government of India, the statement added.

Vijay Mallya faces bankruptcy over $1.5 billion in debt

Vijay Mallya’s 74 lakh shares sold for Rs 1,008 crore

March 28, 2019 12:40:03 pm

The ED said the shares attached were lying with Yes Bank and the Karnataka High Court had recently ordered the bank to surrender these "in favour of" the Debt Recovery Tribunal.

RCom shares jump after Mukesh Ambani bails out brother Anil on Ericsson dues

Mukesh Ambani may reap rewards from Anil’s telecom woes

March 20, 2019 3:06:17 pm

In a last-minute rescue Monday, Mukesh stepped in to help younger brother Anil pay $80 million in dues to a local unit of Ericsson AB and avert a three-month jail sentence. On the same day, his Reliance Jio Infocomm Ltd. and Anil’s RCom terminated a 2017 deal that had helped the latter stave off bankruptcy.

Moody's says Reliance stake sale to Aramco credit positive

Forbes rich list 2019: These are India’s 10 richest people

October 13, 2019 4:38:21 pm

Forbes Richest Indians list: Mukesh Ambani continued to lead the Indian pack in the Forbes list which featured 106 Indians this year. Here are the top 10 Indians in the Forbes rich list.