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Income tax returns proceedings: How Modi government looks to take taxman out of picture

Income tax returns proceedings: How Modi government looks to take taxman out of picture

The government last year enlarged the scope of adjustments permitted in processing of I-T returns and also made processing of I-T returns a mandatory step, even before scrutiny assessment is initiated in case of a taxpayer.

Diwali 2017: Dhanteras gold sales may shine but only for this segment, bleak festive season for rest
Diwali 2017: Dhanteras gold sales may shine but only for this segment, bleak festive season for rest

Rural disposable incomes haven’t quite picked up, thanks to subdued prices of many farm items. On top of that, compliance requirements after the GST launch are weighing on small jewellers – most of them had been operating in an opaque environment for ages.

Diwali 2017 offers: Cleartrip, Paytm, other travel portals see surge in festive season hotels, flights bookings
Diwali 2017 offers: Cleartrip, Paytm, other travel portals see surge in festive season hotels, flights bookings

The other travel start-ups like Goomo and Travkart have seen flight bookings increase by 24% and 20%, respectively. Online hotel aggregator OYO’s data shows a 40% rise in hotel bookings, while Cleartrip has seen a 90% increase, year-on-year, this Diwali.

Indian Railways Finance Corporation, 2 other rail PSUs IPOs to hit markets in Q4
Indian Railways Finance Corporation, 2 other rail PSUs IPOs to hit markets in Q4

Three book-running lead managers have already been appointed for the IRFC IPO, namely IDFC, HSBC, ICICI Securities and SBI Caps. IDBI Capital Markets, SBI Caps and Axis Capital have been appointed for the Ircon IPO.

IRCTC gets big relief from Finance Ministry on losses from online ticket bookings
IRCTC gets big relief from Finance Ministry on losses from online ticket bookings

The government plans to list at least three other railway PSUs — Indian Railways Finance Corporation, Ircon International and RITES — within the current financial year. The valuation of IRCTC has dipped as its main source of income was cut without an alternative mechanism in place.

Income tax returns filing: Is gift from cousin taxable? Find out here
Income tax returns filing: Is gift from cousin taxable? Find out here

The expression 'relative' includes any lineal ascendant of the individual and includes grandparents. Thus, gift received from your grandmother will not be taxable.

TCS facing strong headwinds; this is how the tech major has been hit
TCS facing strong headwinds; this is how the tech major has been hit

Making right moves, but too many headwinds neutralising it: While the technology spending has remained robust, this has not translated into adequate growth for TCS and Indian IT.

SCIENCE

How NASA plans to protect Mars crew from space radiation
How NASA plans to protect Mars crew from space radiation

While it's true that space radiation is one of the biggest challenges for a human journey to Mars, NASA said it is developing technologies and countermeasures to ensure a safe and successful journey to the red planet.

Horoscope: By Peter Vidal

Today ( 17 Oct )This Week ( 15 Oct - 21 Oct )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more

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