The deposits made in old Rs 500 and Rs 1000 notes within the 50-day demonetisation window provided by Prime Minister Narendra Modi have crossed the Rs 10 lakh crore mark. Over one crore bank accounts
Putting 'bogus' long-term capital gains by 'khoka' companies at Rs 80,000 crore, the tax department today said the levy of long-term capital gains tax on share transfer in unlisted companies is an anti-abuse measure and
Recaling his early school days, Wipro chief Azim Premji today said he spent lot of time outside the classroom kneeling for being naughty. “Yes, I was very naughty when I was a kid and those
The Supreme Court on Saturday warned Malaysian billionaire and Maxis Group owner, T Ananda Krishnan, against whom summons were issued in Aircel-Maxis case and his firm’s top official Ralph Marshall to appear before a trial
Putting 'bogus' long-term capital gains by 'khoka' companies at Rs 80,000 crore, the tax department today said the levy of long-term capital gains tax on share transfer in unlisted companies is an anti-abuse measure and
Two years after announcing plans to reduce corporate tax rate to 25 per cent, the government today said any such reduction can come after the spread of personal income tax is increased and more people
Finance Minister Arun Jaitley today justified levy of 10 per cent surcharge on rich saying the resources in a largely non-tax compliant society will have to come from the more affluent. Reading out tax-payer data,
More than 1,100 searches have been conducted and 5,100 notices issued by the Income Tax Department after the November 8 demonetisation for cross-checking of high-value deposits, the government informed parliament today. This led to seizure
The Reserve Bank of India will soon put new Rs 100 banknotes into circulation which will be similar to the design of the ones in Mahatma Gandhi Series-2005. "The Reserve Bank will shortly issue Rs
Employees of some banks indulged in the illegal exchange of scrapped currency notes worth Rs 71.5 crore following the government’s decision to demonetise certain high-value currency notes on November 8, the government informed Parliament today.
Finance Minister Arun Jaitley, during his budget speech on Wednesday, provided a glimpse into the number of demonetised notes deposited between November 8 and December 30, 2016, without giving the full picture. Is it because
The remonetisation exercise that started post scrapping of the old Rs 500 and 1,000 notes on November 8 is "nearly complete" and there will be no restrictions on withdrawals very soon, Economic Affairs secretary Shaktikanta
Stung by the spate of accidents and collisions leading to the loss of hundreds of lives and bringing a huge amount of embarrassment to the Railways ministry, the Indian Railways has inked a pact with
The Union Budget presented by Finance Minister Arun Jaitley for 2017-18 have brought cheer to honest tax payers with announcements of tax breaks for the salaried class. However, the Budget, which has been termed as
Consumers will have to shell out 1-2 per cent more on mobile phones following the levy of a special additional duty (SAD) on circuit boards of mobile phones. The Union Budget for 2017-18 imposed a
The Union Budget presented by the Finance Minister Arun Jaitley on Wednesday is widely expected to bring positive impact on job market, experts say. The government's focus on digitatisation, transparency in governance & politics, upliftment
In a noteworthy step towards simplifying digital transactions, Finance Minister Arun Jaitley on Wednesday announced two new schemes to boost the adoption of BHIM (Bharat Interface for Money) digital payment app. “Nearly 125 lakh people
The Budget that was being touted as a make-or-break one for the future of India, and the Government made some big announcements on the infrastructure front and also on beneficial changes to the affordable housing
In an effort to promote cashless transactions as part of a campaign to encourage people to go digital, the government on Wednesday expelled all obligations on gadgets utilized as a part of the procedure of
Aiming to make India a less cash economy, the government today said it will pump Rs 10,000 crore in 2017-18 in its BharatNet project to lay optical fibre cables (OFC). "Under the BharatNet Project, OFC
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