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There are a total of nearly 2.59 lakh cases pending adjudication before commissioners income tax (appeal) and it is estimated that each would have some 400 cases pending before them.

File your income tax returns by today as no more extension likely

Tax authorities may not give yet another extension as earlier July 31 deadline was relaxed for Aug 5.

31 July 2017 11:53 AM IST

According to the several city residents who failed to link via sending text messages, as well as website link, the income tax department site was slow, while UIDAI site was not responsive.

With Aadhaar-PAN linking, you can e-verify your tax returns in seconds

Presently, a taxpayer is required to take a printout of ITR-V and post it to Bengaluru office to get acknowledgment.

31 July 2017 11:24 AM IST

Diverting from retail inflation, wholesale inflation (WPI) fell to 5.70 per cent in March from 6.55 per cent in the previous month.

Food price slump hits farmers, makes stronger case for RBI rate-cut

Change in food prices has prompted calls for RBI to cut its main policy rate beyond 25 basis points.

31 July 2017 9:33 AM IST

Defence Minister Arun Jaitley (Photo: PTI)

No rolling back of GST, says Arun Jaitley

He admitted that the GST is not an easy reform to be implemented and that people will try to prevent this from taking...

31 July 2017 1:58 AM IST

File income tax returns by July 31, no plans to extend deadline: I-T...

Earlier, reports suggested that the govt may consider extending the deadline for filing the income tax returns.

30 July 2017 6:53 PM IST

RBi has asked banks to ensure that more than Rs 5,000 demonetised currency is deposited only in KYC compliant accounts.

RBI likely to cut rate on August 2 as inflation hits record low

A rate cut will give a push to credit growth which has been sluggish from last many quarters.

30 July 2017 1:23 PM IST

Over 2 lakh traders have enrolled into the GST network but there are many who still have to finish the formalities.

Subdued demand may force relook at GST composition scheme

Objective behind it is to bring simplicity and reduce the compliance cost for small taxpayers.

30 July 2017 1:05 PM IST

The scrip of Allcargo Logistics surged 7 per cent, Snowman Logistics soared 5,49 per cent, Gati jumped 4.44 per cent, Arshiya (3.82 per cent) and VRL Logistics (3.71 per cent) on BSE.

Logistics, warehousing space leasing up 50 per cent in H1 2017: CBRE

Leasing activity continued to witness strong growth during the first half of 2017 as close to 7.3 million sq ft.

30 July 2017 12:56 PM IST

India and China flags. (File photo)

India's engineering exports to China rise 123 per cent in June qtr

Country's shipments to China stood at USD 282 million in the April-June quarter of the previous fiscal.

30 July 2017 12:42 PM IST

However, Morgan Stanley is underweight on the telecom sector amidst rising competition. It is also underweight on consumer Staples and healthcare due to expensive valuations.

Morgan Stanley cuts CPI forecast on benign GST, monsoon impact

Morgan Stanley has lowered its inflation forecast for 2017 to 3.1 per cent from 3.6 per cent earlier.

30 July 2017 11:42 AM IST

The recent measures taken by the Reserve Bank of India (RBI) to resolve non performing assets (NPAs) in the banking system under the Insolvency and Bankruptcy Code (IBC) would require banks to take a 60 per cent haircut on their loan assets, ratings agency Crisil said on Monday.

RBI policy, Q1 results to drive markets this week: experts

RBI is scheduled to meet this week and the market would keenly await action on rate reduction front.

30 July 2017 11:25 AM IST

According to depository data FPIs infused a net sum of Rs 9,628 crore in equities.

FPIs remain bullish on Indian markets, pour USD 4 billion in July

The latest inflow follows net infusion of Rs 1.6 lakh crore in the previous five months (February-June).

30 July 2017 11:08 AM IST