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The budget has extended the provision to tax cash gifts in the hands of the recipient to all non-cash gifts as well.
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The service tax imposed on legal services is actually limited to what is known as “transactional practice ” done by corporate law firms.
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Post-budget, want to save money? Where to start? ET provides you some tips on how to go about it. How much will you save from the new tax slabs | Gifts to attract tax
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New Delhi is the most expensive location for expatriates to reside in, ahead of Mumbai, Bangalore and Chennai.
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The government’s huge money requirements to bridge the fiscal deficit will have a negative impact on the debt market.
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Gold prices on Wednesday traded at previous day’s level of Rs 14,780 per ten gram in the bullion market here as stockists and jewellers refrained from buying at existing higher levels.
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Korean major LG said it is not in a position to pass on the benefit to consumers as the cost of panels has gone up.
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Gold prices on Wednesday traded at previous day’s level of Rs 14,780 per ten gram in the bullion market here as stockists and jewellers refrained from buying at existing higher levels.
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Indian Railways posted a 5.26% increase in earnings in the first quarter of the ongoing financial year.
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The rupee virtually touched the crucial 49 level before ending at a seven-week low of 48.89 against the dollar, cheaper by 44 paise.
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Equities ended near day’s lows on Wednesday as traders booked profits taking cues from the weak global markets. Realty, capital goods and metals space were beaten down badly.
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SAIL said it has cut prices of its long products, used primarily in construction by Rs 1,500-2,000 per tonne and may further lower the rates if the situation so warrants.
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A local court on Wednesday extended the judicial custody of former Satyam Computer chairman B Ramalinga Raju and other accused in the multi-crore Satyam scam till July 22.
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Expectations of capital outflows by foreign funds as market may open in the negative zone also put pressure on the rupee.
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Indian steel consumption is seen rising 6 to 8% in 2009-10, says steel minister Virbhadra Singh
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Rupee dropped to a two-week low as falling local stocks triggered concerns about the sustainability of foreign fund inflows in the near term.
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The rupee tumbled to its lowest in two weeks on Wednesday as Asian stocks were lower, indicating that local shares would start down.
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The rupee depreciated by 34 paise to hit two-week low against the US dollar in early trade largely in line with other weak Asian currencies amid increased demand for the American unit from importers.
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