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BusinessToday.In
New Delhi, July 26, 2018
As mentioned in the new section, 234F, added in the Income Tax Act, an individual would have to pay a penalty of Rs 1,000, Rs 5,000 or Rs 10,000 depending on when the returns are filed.


Sumant Banerji
New Delhi, July 26, 2018
Some of the other demands by the truckers include abolition of TDS, rationalisation of Income tax Act, smoother functioning E-way bill, national permit for tourists and buses and abolition of direct port delivery tendering system.


BusinessToday.In
New Delhi, July 24, 2018
The moment data leaves the country, it falls under various jurisdictions, which in many cases, are beyond our control. It is important to keep all the data here so that the laws of the land can be made applicable to them, says Paytm COO Kiran Vasireddy.


Virendrasingh Ghunawat
Mumbai, July 23, 2018
Indira Tiwari, working president of Hindu Mahasabha, and Upendrakumar Bhardwaj, SC lawyer, both said they would take stock of the property on July 24. Though the SBUT officials didn't reveal much, sources said it would participate in bidding.


BusinessToday.In
July 23, 2018
The Department of Financial Services (DFS) had asked the state-owned banks to examine their collective 216 overseas operations to enhance cost-efficiencies.


BusinessToday.In
July 23, 2018
With around 93 per cent of the registered taxpayers set to benefit from the GST Council's decision to allow quarterly return filing for businesses with turnover of up to Rs 5 crore, India Inc not only foresees increased compliance but also improved ease of doing business.


BusinessToday.In
New Delhi, July 22, 2018
Apart from ratonalising tax rates under the Goods and Services Tax, the GST Counil also approved simpler tax GST return filing and two simplified forms - Sugam and Sahaj - for B2C and B2B traders.


BusinessToday.In
July 22, 2018
In its last meeting, the Council had approved the basic principles of GST return design and directed the law committee to finalise the return formats and changes in law.


BusinessToday.In
New Delhi, July 20, 2018
In a letter to the chief executives of banks, the finance ministry said that the banks should start providing NFC-enabled credit and debit cards as it is the next generation of innovation in plastic money.


BusinessToday.In
New Delhi, July 19, 2018
Salaries of central government employees to rise? Govt plans dearness allowance hikeThe Central government is set to modify the index and base year that are used to calculate dearness allowance (DA). The move will result in yet another salary hike of the government employees after two per cent allowance raise approved earlier this year. The DA is a cost of living adjustment allowance paid to government employees and pensioners. It is a component of salary, and is counted as a fixe...


BusinessToday.In
July 18, 2018
The move comes after liquor baron Vijay Mallya, PNB scam accused diamantaire Nirav Modi and Mehul Choksi gave a slip to the authorities.


BusinessToday.In
July 17, 2018
The market recovered in trade today as oil, metal and PSU stocks rallied after a sharp drop in global crude oil prices. While the Sensex closed 196 points higher at 36,519,  the Nifty rose 71 points to 11,008 level Sentiment received a boost after global crude oil prices fell over 4 per cent owing to oversupply fears, helping the rupee to strengthen against the dollar, brokers said.Besides, reports that the finance ministry is likely to infuse about Rs 10,000 crore within a few days in s...


PTI
July 17, 2018
Sentiment got a boost after global crude oil prices dropped by over 4 per cent yesterday owing to oversupply fears, helping the rupee to strengthen against the dollar, brokers said.


PTI
July 17, 2018
The finance ministry is likely to infuse about Rs 10,000 crore within a few days in some state-owned lenders including PNB, Corporation Bank and Central Bank of India, to help them meet regulatory capital requirement.


Virendrasingh Ghunawat
Mumbai, July 17, 2018
The reserve price for the property has been kept at Rs 79,43,000, with the earnest money deposit of Rs 25 lakh, which needs to be deposited by August 6, 2018. The property will be sold through e-auction, public auction, and sealed tenders on August 9.


Anilesh S Mahajan
New Delhi, July 13, 2018
Although the names of several economists, including Rathin Roy, Sanjeev Sanyal, Nagesh Kumar, and Surjit Bhalla, are doing the rounds, none of them has thrown hat in the ring yet.


BusinessToday.In
New Delhi, July 12, 2018
India overtakes France as the sixth biggest economy in the world; 2,000 MW Solar Energy Corporation of India wind auction goes undersubscribed and Finance Ministry has proposed relaxing an RBI directive that mandated global payment firms to store Indian customer data within the country. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


Rahul Shrivastava
July 12, 2018
The GST Council had formed a GoM (Group of Ministers) in May to look into the into the food ministry's proposal for the creation of a corpus of Rs 6,700 crore through a levy of up to Rs 3 per kg on sugar over the existing GST of 5 per cent on the good.


BusinessToday.In
New Delhi, July 12, 2018
The ministry has said the RBI will decide about the kind of data that will be stored in India and the six-month timeline. At present, only certain payment companies and their outsourcing partners store customer data, either partly or completely, in India.


BusinessToday.in
New Delhi, July 12, 2018
Govt may levy higher tax on petrol, diesel cars to promote electric vehicles: ReportIf the finance ministry has its way, then petrol and diesel cars might get more expensive in the near future. According to Mint, the government is considering a proposal to impose a marginally higher tax on conventional cars in an effort to push electric vehicles (EVs).Connaught Place is one of the world's 10 most expensive office markets: ReportAccording to property consultant CBRE, New Delhi's Conn...


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