Income tax returns: Taxmen use AI to identify non-filers with potential tax liability

Cases where no return is filed or no response received, initiation of proceedings under the I-T Act to be considered by CBDT.
IT assesment, it assesment news, News

Pravasi Bhartiya Diwas: PM Modi describes NRIs as India’s brand ambassadors

Inaugurating the 15th Pravasi Bharatiya Diwas convention in his parliamentary constituency Varanasi here on Tuesday, Prime Minister Narendra Modi described NRIs as India’s brand ambassadors and repr

pravasi Bharatiya Divas, pravasi Bharatiya Divas 2019, pravasi Bharatiya Divas convention News

Paradox: India among most trusted nations, but its brands least trusted, says report

The 2019 Edelman Trust Barometer report was released on Monday ahead of the World Economic Forum (WEF) meet, reports PTI.

Economy News

SC seeks govt response on plea against financial creditor status to homebuyers

This right given to allottees is in addition to claims before consumer fora and Rera, which according to real estate developer Pioneer Urban Land and Infrastructure, has the effect of driving a financ

Economy News

Apex court refuses to stay TDSAT order rejecting Trai’s predatory pricing rule

The Supreme Court on Monday agreed to hear telecom regulator Trai’s appeal against a telecom tribunal’s order that quashed its rules on predatory pricing and discounted offers.

Economy News

Telangana govt mulls second phase of loan waivers worth Rs 24,000 crore

As part of the poll promise of Telangana Rashtriya Samithi (TRS) in 2014, chief minister K Chandrashekar Rao had waived all kinds of farm loans, which cost the state exchequer Rs 17,000 crore. The pro

Economy News

Kerala HC stays GST provisions on TCS

The GST provision has hit car dealers particularly hard as they collect 1% TCS from buyers purchasing cars worth over Rs 10 lakh.

Economy News

Decentralise policy implementation, says Bimal Jalan

Jalan, who is heading a panel tasked with framing guidelines to decide on an appropriate size of reserves that the RBI should maintain and the dividend it should give to the government.

Economy News

Insolvency and Bankruptcy Code: IBBI sets up panel under UK Sinha

Insolvency and Bankruptcy Code at present provides for the resolution or liquidation of only individual stressed companies.

ibc, uk sinha News

LIC move to acquire 51% stake in IDBI hits SC hurdle, court to hear appeal against deal

The Supreme Court on Friday said it will hear next week an appeal challenging the LIC’s move to acquire 51% in the Industrial Development Bank of India (IDBI).

lic, delhi high court, idbi, supreme court News

Modi government aiming for top 50 rank in ease of doing business list next year

Inaugurating the ninth edition of the biennial Vibrant Gujarat Global Summit (VGGS) in the state capital Gandhinagar, Prime Minister Narendra Modi claimed that those travelling to India frequently ove

pm narendra modi, narendra modi, ease of doing business News

GST pangs: Govt, ICAI to train 1 lakh accountants to help boost tax compliance

The initiative will especially help small and medium enterprises that are struggling with compliance.

gst, economy News

PM Modi’s flagship employment scheme PMRPY benefits more than one crore people

Budget 2018-19 has an outlay of `1,652 crore for the scheme.

Pradhan Mantri Rojgar Protsahan Yojana, pm narendra modi, narendra modi News

Income support: Odisha to release Kalia funds to farmers from January 25

The Odisha government will start disbursing Rs 5,000/family to the bank accounts of small and marginal farmers starting January 25 for the 2018-19 rabi (winter) crop season under its newly-launched Ka

agriculture, agriculture sector, agriculture industry News

Flight delayed: Despite ministry nod, drones yet to take off due to security concerns

Drones are yet to take off in the domestic skies due to security concerns more than a month after their use was made legal by the ministry of civil aviation.

drones, aviation sector, aviation industry News

NAA fines Delhi detergent maker Excel Rasayan

The National Anti-profiteering Authority (NAA) has found a Delhi-based detergent manufacturer guilty of profiteering and ordered the firm to deposit Rs 4.64 lakh, along with an 18% interest, to the co

gst, naa News

Modi government to spend Rs 4,242 crore for faster processing of returns, quick refunds

After the cabinet on Wednesday approved expenditure of Rs 4,242 crore for an income tax project to be undertaken by the income tax department, the assessees would soon be provided with pre-filled retu

income tax, income tax return News

Rs 6,000 crore boost for Exim Bank; to enable it to lend Rs 45,000 crore more in FY19

Move to enable the bank to lend Rs 45,000 crore more in FY19.

Rs 6,000 crore boost for Exim Bank; to enable it to lend Rs 45,000 crore more in FY19

Pressed by UDAY deadline, Kerala’s electricity board pitches for hiking tariffs by 10%

After trimming its aggregate technical and commercial (AT&C) losses to 11.9%, the Kerala State Electricity Board (KSEB) has pitched for hiking user tariffs by 10% to add at least Rs 1,100-crore re

power sector, power industry, udai News

American oil to ease India’s oil dependency on Gulf countries? India-US oil supply contracts on cards but price a hurdle

In order to ensure a steady inflow of crude oil given that supply from Iran has been capped, the country’s oil marketing companies are looking at long-term contracts with US suppliers, but non-avail

crude oil, india, us News

December Trade Data: Imports contract after 27 months, exports up 0.34%

Trade deficit eases to $13.1 billion, the lowest since February last year.

trade, economy, import, export News

GST on real estate: Panel to explore composition scheme

The government on Tuesday said that a seven-member panel of state finance ministers will consider the proposal of a ‘composition scheme’ for the real estate sector under the goods and services tax

real estate, real estate sector, gst News

NDA govt outscored predecessors on macro indicators, says FM Arun Jaitley

Taking a swipe at “unstable alliances”, finance minister Arun Jaitley on Tuesday said the stable and decisive government led by PM Narendra Modi has trumped other governments on macro indicators s

arun jaitley, finance minister arun jaitley, economy News

Bank of Baroda-Dena-Vijaya merger: Delhi High Court seeks government response

The Delhi High Court on Tuesday sought a response from the Centre on a plea challenging the proposed merger of Dena Bank, Vijaya Bank and Bank of Baroda. The merger of Vijaya Bank and Dena Bank into B

Delhi High Court, bank of baroda, vijaya bank News
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