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Economy

CBDT warns taxpayers against phishing mails

CBDT warns taxpayers against phishing mails

New Delhi, Jul 14 (KNN) The Central Board of Direct Taxes (CBDT) has warned taxpayers to beware of phishing mails sent on behalf of the income tax department…
Budget has devils in tax details; huge hikes in penal interest, says industry body

Budget has devils in tax details; huge…

New Delhi, Jul 14 (KNN) There is no justification for a huge increase in interest rate to 30 per cent from 18 per cent on delay in payment of service tax and…
Leather exports reached USD 5.91 billion in 2013-14

Leather exports reached USD 5.91 billion in…

New Delhi, Jul 12 (KNN) With an annual turnover of over USD 10 billion, the export of leather and leather products increased manifold over the past decades…
Banks will discover importance of SMEs for growth: RBI Dy Governor, Khan

Banks will discover importance of SMEs for…

Mumbai, Jul 12 (KNN) Banks will have to look up to the small and medium enterprises (SMEs) for improving their profitability and registering growth even as…
Check 'pen to piano' imports from China, Govt told in Parliament

Check 'pen to piano' imports from China,…

New Delhi, Jul 11 (KNN)  To address concerns raised in Parliament that India is importing from China, almost everything from “pen to piano,”…
Powerhouse Fitness & Realty Ltd to tap BSE SME for raising funds

Powerhouse Fitness & Realty Ltd to tap…

Mumbai, Jul 11 (KNN)  Powerhouse Fitness and Realty Limited, engaged in the business of fitness and slimming plans to raise funds through issue of shares…
Spend on CSR; file returns and get audited, says Govt

Spend on CSR; file returns and get…

New Delhi, Jul 11 (KNN)  A company discharging the corporate social responsibility cannot simply get away saying it has spent on the purpose; it must…
Customers can submit only one address proof for opening deposit account, RBI

Customers can submit only one address proof…

Mumbai, Jul 11 (KNN)  Customers need to submit only one proof of address, either current or permanent while opening a deposit account or while undergoing…
More services brought in the service tax net; Indirect Taxes to yield Rs 7525 cr

More services brought in the service tax…

New Delhi, Jul 10 (KNN) To broaden the tax base in service tax, sale of space or time for advertisements in broadcast media has been extended to cover such…
Personal tax exemption limit raised by Rs 50,000; 15% investment allowance to mfg cos

Personal tax exemption limit raised by Rs…

New Delhi, Jul 10 (KNN) The General Budget has raised the personal income-tax exemption limit by Rs 50,000 that is, from Rs 2 lakh to Rs 2.5 lakh in the case…

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