The Income Tax department is probing over 30,000 cases of alleged tax evasion wherein the returns (ITRs) were revised by assessees post demonetisation, CBDT chief
Day: July 25, 2017
Tax base widens to 6.26 cr in 2016-17: CBDT–Economic Times–25.07.2017
Income taxpayer base moved up substantially to 6.26 crore at the end of the last fiscal, from nearly 4 crore earlier, CBDT Chairman Sushil Chandra
NRIs need not give account details if seeking no refund: CBDT–Economic Times–25.07.2017
Non-resident Indians (NRIs) won’t be required to disclose their overseas bank accounts in the income tax return form, the Central Board of Direct Taxes (CBDT)
GST: Proposal to refund central GST on goods made in excise-free zones to help auto, FMCG and pharma companies–Economic Times–25.07.2017
A proposal to refund central goods and services tax (GST) on items made in formerly excise-free zones in Himachal Pradesh, Uttarakhand and the North-East is
policy logjam: GDP at the low end of plan panel projections during 2012-14: Niti–Economic Times–25.07.2017
India has performed worse than the “policy logjam” scenario in the first two years of the 12th Five-Year Plan (2012-17) based on the old GDP
Revising ITR: How to rectify income tax returns–Economic Times–25.07.2017
After an income tax return is filed, it is processed by the CPC, Income Tax Department. However, after processing, if an assessee realises that some
loans: Defaulted on your loan? Your bank will soon be legally bound not to hound you for one-time repayment–Economic Times–25.07.2017
The government has begun work on laying down a process for individuals to be declared bankrupt, which will help them deal with a financial crisis
GST: When does a service provider need to register across multiple states?–Economic Times–25.07.2017
By MS Mani If you are a service provider with operations in only one state, GST is going to be excellent because without too much
Niti Aayog pushes for increasing savings, investments to boost growth – The Financial Express–25.07.2017
Niti Aayog has made a strong case for boosting savings and investments with a view to push the country’s economy into a higher growth trajectory.
Big boost for Narendra Modi government, IMF says growth in India to pick up in 2017, beat China – The Financial Express–25.07.2017
Growth in India is forecast to pick up further in 2017 and 2018,” the IMF said. (PTI) India will stay ahead of China on the
Insolvency not the best solution to alleviate NPA pain: HDFC Bank MD Aditya Puri – The Financial Express–25.07.2017
Veteran banker Aditya Puri today said initiating insolvency proceedings is not the “best solution” to fight the bad loan issue and advocated using the recently
Ashok Leyland receives a Rs 650 crore order for 3019 buses from KSRTC – The Financial Express–25.07.2017
Ashok Leyland, the second largest commercial vehicle (CV) manufacturer in India after Tata Motors, has bagged an order worth Rs 650 crore from the Karnataka
An avoidable change | Business Standard Editorials–25.07.2017
The government appears determined on going ahead with a change in the fiscal year. On Friday, Finance Minister Arun Jaitley informed the Lok Sabha that
Bitcoin recovers after roller coaster ride, exchanges advise caution | Business Standard News–25.07.2017
Bitcoin and other crypto or virtual currencies have surged the past week after a sharp fall, as a solution to increase the speed of transactions
New Bill empowers RBI to direct banks to resolve NPAs, appoint advisors | Business Standard News–25.07.2017
A bill to authorise the RBI to direct banking companies to resolve the problem of stressed assets was on Monday introduced in the Lok Sabha
Rise in HDFC Bank’s NPAs a transient pain | Business Standard News–25.07.2017
For HDFC Bank investors, used to seeing gross non-performing assets (NPAs) of about 1 per cent, the June quarter (Q1) result is certainly an aberration.
Erratic monsoons signal farm distress, sowing down in five states | Business Standard Column–25.07.2017
The BSE-CMIE-UMich Index of Consumer Sentiment seems to be stabilising at a little over 97 (base: 100 in September-December 2015) in July. If the index
‘GST is a key catalyst for India’s fintech revolution’ | Business Line–25.07.2017
There has been a 25% traffic surge on ClearTax since July 1, says founder Archit Gupta Its been over 20 days since the GST rollout
No time to lose on consumer protection | Business Line–25.07.2017
Parliament should pass a pending Bill in this regard. Consumers need new norms in the context of e-commerce transactions It is high time that the
‘With GST, supply chain can become more efficient’ | Business Line–25.07.2017
With the five NPA steel accounts being heard NCLT accounting for almost ₹1.41 lakh crore, the debt-laden steel industry has hogged the limelight more than
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