Economy - Page 475

The gross collection of Corporate Income Tax (CIT) grew at 11.6 per cent during the 7 months, while that under personal income tax (PIT) the growth was 18.6 per cent over the corresponding period of last fiscal.

Not filed your ITR yet? Govt may consider extending tax return...

The current deadline for filing the income tax returns is July 31.

28 July 2017 7:56 PM IST

$\The dollar and Treasury bond yields initially fell while equities soared on the news,\ said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange.$ Business

India's foreign exchange reserves at record high of USD 391.33 billion

In previous week, reserves had risen by USD 2.68 billion to USD 389.06 billion.

28 July 2017 6:16 PM IST

Business

India's new National Telecom Policy envisages 5G internet services

New telecom policy may include areas of technology innovation, security and protecting interests of consumers.

28 July 2017 5:04 PM IST

Minister of State for Finance Arjun Ram Meghwal

Business

Govt examining usage of crypto-currencies like bitcoins

RBI Governor had earlier informed a parliamentary panel that it is monitoring transactions involving crypto currencies.

28 July 2017 4:10 PM IST

Business

RBI's monetary policy: Low inflation may force MPC to cut repo rate

The central bank headed by governor Urjit Patel last cut its key interest rate in October 2016.

28 July 2017 3:59 PM IST

Majority of black money hoarders are now planning to take refuge under Section 270A of the Income Tax Act to safeguard their money and also escape punitive action. (Representational image)

Business

Last minute ITR filing: Here's why deadline for ITR filing should be...

One of the main reasons for this is that CBDT amended rules in relation to filing TDS returns by banks who issue Form...

28 July 2017 2:57 PM IST

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

Business

ClearTax sets up Suvidha Kendras to assist in GST compliance

Online tax filing portal aims to have 5,000 GST Suvidha Kendras across India by end of 2017.

28 July 2017 2:13 PM IST

Prime Minister Narendra Modi at the BRICS Summit in Benaulim. (Photo:PTI)

Business

BRICS countries appreciate GST, sign tax co-operation pact

The area of co-operation are coordination in international forums, capacity building, experience sharing and...

28 July 2017 1:58 PM IST

According to the TeamLease Employment Outlook Report, the increase in consumer spending and the renewed focus on market expansion will have a positive impact on hiring.

Business

New wage code bill to hamper formal job creation: experts

The new minimum wage norms would be applicable for all workers irrespective of their pay.

28 July 2017 1:25 PM IST

The tax department also has data on repayment of loans in cash, RTGS transfer and withdrawal, post cash recall.

Business

Your abroad trips, holiday pictures on Instagram will come under I-T...

Tax department will soon start collecting such information from social media under Project Insight.

28 July 2017 10:31 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.

Business

Once 'fragile' India gets thumbs up even as rates set to fall

Rate cuts are likely to be justified by lower inflation and higher-trend growth rates in India due to reforms.

28 July 2017 10:26 AM IST

Defence Minister Arun Jaitley (Photo: PTI)

Business

Arun Jaitley-led panel reviews edible oil availability

Currently import duty on refined palm oils is 15 per cent, while that on crude palm oil is 7.5 per cent.

28 July 2017 9:41 AM IST