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With the due date of July 31fast approaching, it is that time of the year again when the nation’s tax payers scramble to file I-T returns. After all, filing of tax return is compulsory for everyone whose gross total income exceeds the basic exemption limit.

The Income-Tax Appellate Tribunal (ITAT) has held that anticipated losses on incomplete projects are allowable as a deduction, subject to that being calculated in accordance with Accounting Standard 7 (AS7).

Kotak Mahindra Asset Management Company launched its Kotak Select Focus Fund – an open – ended equity scheme that aims to maximize long-term capital appreciation by investing in equity and equity related securities.

JPMorgan Asset Management India (JPMAMIPL) on Tuesday launched JPMorgan JF Greater China Equity Off-shore Fund, an open ended fund of funds scheme.

Index funds, diversified equity funds, sectoral funds, ETFs, balanced funds, debt funds, liquid funds – the list is endless. Check out 1 year returns of Tax Saving MFs

Needs acquisitions for scale, credibility in services; Indian-model IT firms also to be found in US, Europe; megadeals unlikely for Dell

Finance ministry said the disinvestment programme will kick off with the dilution of government equity in listed entities, where public holding is less

Firms first focused on the ‘D’ in R&D, but research has grown in importance in recent years, and many of the facilities in India are now the largest outside their home base

C.B. Bhave said the new rule should be applicable to all listed entities, and the public sector undertakings should not be given any relaxation in this regard

Request for proof of identity at outlets is part of a new drive to prevent credit and debit card fraud

The rupee dropped on Tuesday as a lower stock market and the dollar’s rebound against major currencies prompted investors to take profits a day after it posted its biggest one-day rise in two months.

The rupee on Tuesday depreciated by 15 paise to 48.35 against the dollar in early trade due to importers’ demand for the US currency.

The Indian rupee edged lower on Tuesday backing away from two-week highs reached in the previous session on expectations of some correction in domestic shares and tracking weaker Asian units.

Resistance emerges after 13.4% jump over past 5 days; Infosys, ICICI, TCS, ITC lead losses; Tata Steel initially drops after GDR issue, but rebounds

The company said it would issue 65.41 million GDRs at $7.644 each, with each representing one equity share. The GDRs will be listed on the London Stock Exchange