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Having given tax holiday to builders, Finance Minister Pranab Mukherjee today warned that if the incentives are not passed on to the consumers the same may not be extended in future.
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The government would come up with a Direct Tax Code draft for simplification of tax regime next month, Finance Minister Pranab Mukherjee told the Rajya Sabha today.
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Some points to be taken into consideration to avoid committing mistakes while filing I-T returns. File your tax returns | ET Tax Special I Incomes that are not taxed in India
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Market regulator Sebi has barred software development firm Stocknet International and its directors – Ashutosh Bajpaye and Saumil Patel – from dealing in securities market for six months for allegedly making misleading announcements.
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With arrest of the downturn and revival in the manufacturing sector, finance minister Pranab Mukherjee on Wednesday said he expects the economy to grow by 6.7% in the current year.
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The government would come up with a Direct Tax Code draft for simplification of tax regime next month, finance minister Pranab Mukherjee told the Rajya Sabha on Wednesday.
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The Indian economy is likely to grow close to 7 per cent in the current fiscal if the rains are normal, Deutsche Bank today said.
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Hero Honda on Wednesday reported a 83.28% jump in its net profit to Rs 500.11 crore for the first quarter ended June 30, 2009.
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Gold prices on Wednesday tumbled by Rs 190 to close at Rs 14,990 per ten grams in the bullion market on heavy selling by stockists triggered by steep fall in the precious metal in overseas markets.
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In volatile trading, the Sensex changed direction at least six times before ending with a loss of 158.48 points at 15,173.46.
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Tata Steel on Wednesday reported a 47% drop in net profit to Rs 789.83 crore for the first quarter ended June 30.
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The 30-share index, which remained volatile in the early trade, plunged by 443.53 points to 14,888.41 points at 1245 hrs with most of heavyweight stocks trading in the negative zone.
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Kingfisher Airlines posted a net loss of 16.09 billion rupees on net sales of 52.7 billion rupees for the year-ended March 31, 2009.
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The Indian rupee fell by 21 paise against the dollar in early trade due to strong demand for the US currency from refiners and importers amid the greenback firming against other Asian currencies.
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India broke off a five-year-long formal peace process after the attacks on Mumbai by Pakistan-based militants who India says must have been helped by Pakistani security agents
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The company said standalone net profit fell to Rs790 crore for the fiscal first quarter ended June, from Rs1,488 crore reported a year earlier
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The Indian rupee fell to a one-week low on Wednesday, dropping for a second straight session, as losses in local shares triggered dollar buying by banks.
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The rupee ended at 48.42/43 per dollar, from previous close of 48.21/22.
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The rupee is trading weak with the downswing in stocks and strength in the dollar overaseas souring the sentiment for the local unit.
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