Utensils, wooden furniture to be cheaper in Delhi

Last Updated: Saturday, August 1, 2015, 19:31

Delhi govt has implemented over seven percent reduction in VAT imposed on such items.

Govt detects Rs 1,761.09 crore undisclosed income till June

Last Updated: Friday, July 31, 2015, 19:00

The government has detected an undisclosed income of Rs 1,761.09 crore while it seized Rs 75.37 crore in a total of 41 searches till June this fiscal, Parliament was informed Friday.

17 individuals owe a whopping Rs 2.14 lakh crore tax arrears

Last Updated: Thursday, July 30, 2015, 19:54

Just 17 individuals have a whopping Rs 2.14 lakh crore as outstanding tax arrears, with each of them owing more than Rs 1,000 crore.

Cabinet likley to approve new Consumer Protection Bill today

Last Updated: Tuesday, July 28, 2015, 23:37

The Cabinet is likely to approve Wednesday a new Consumer Protection Bill 2015, that seeks to replace the existing law and proposes setting up a regulatory authority to curb unfair trade practices.

Telcos may face licence suspension on privacy issues: Govt

Last Updated: Wednesday, July 22, 2015, 21:32

Government Wednesday said telecom operators may face heavy penalties or suspension of licences if they fail to stop unauthorised interception of communications and maintain 'extreme secrecy' of citizens' messages.

India raises social security, market acess, visa issue with US

Last Updated: Tuesday, July 21, 2015, 21:42

India on Tuesday pressed for setting up a high-level committee to look into a range of issues including American Totalisation and non-tariff barrier, as also the Social Security Act that discriminates Indians working in the US.

File property returns early: Govt to babus

Last Updated: Thursday, July 16, 2015, 15:10

"Filing of returns at the last moment by thousands of officers makes the system sluggish and leads to delay in filing of the returns.

Companies get more time for filing annual returns with MCA

Last Updated: Wednesday, July 15, 2015, 18:06

Under the Companies Act, 2013, form AOC-4, AOC-4 XBRL are for filing of financial statements while MGT-7 pertains to submitting annual returns to the Ministry.

Blackmoney: CBDT rejigs committee to handle FATCA cases

Last Updated: Sunday, July 12, 2015, 13:42

Through an order issued days before FATCA was signed by the two countries on July 9, the CBDT has increased the strength of the panel from existing seven to eight members.

Info under FATCA confidential, to be used for tax purposes

Last Updated: Thursday, July 9, 2015, 22:34

The information shared under the FATCA, which India signed with the US Thursday, will be treated as confidential and will be used only for tax purposes.

MNREGA world's largest public works programme: World Bank

Last Updated: Wednesday, July 8, 2015, 00:26

India's rural employment guarantee programme MNREGA has been ranked as the world's largest public works programme, providing social security net to almost 15 percent of the country's population, the World Bank has said.

Immunity from FEMA for disclosures of black money: Govt

Last Updated: Monday, July 6, 2015, 18:25

The government will give immunity from prosecution under FEMA, Prevention of Money Laundering Act and four other laws to persons declaring undisclosed foreign assets under the compliance window of the new Black Money Act.