Finance

Rupee

Direct tax revenue grows 17.5% to Rs 2.24 lakh cr in Apr-Aug

Collection is 22.9 percent of the total Budget Estimates of direct taxes for 2017-18

Sep 11, 2017

GST

GST peppered with input credit claims for Rs 62,000 crore in July

Govt to investigate unduly large input tax credit claims made before GST was introduced on July 1.

Sep 11, 2017

Income Tax Payers

I-T department to bash the #, examine social media profiles of taxpayers

I-T department will launch 'Project Insight' to use Big Data analytics to match information from social media sites for mismatches between spending patterns and income declarations.

Sep 10, 2017

GST

Taxed, and really taxed: GST Council swamped with complaints by traders

Issues faced by companies include slow response of the GSTN portal, intermittent accessibility of the portal and errors popping up.

Sep 9, 2017

money money money money team

NPS or PPF, which would work best for you?

PPF provides guarantee of returns and are low risk, with low interest rates; NPS is more rewarding, but needs investors who are in for the long haul.

Sep 9, 2017

note ban, demonetisation, rbi, modi govt, currency, rs 100 note, fm jaitley, arun jaitley, indian economy, atm, cash deposit

DeMo flashback: 21,000 people disclosed Rs 4,900 cr 'black money' under PMGKY

Surprisingly, revenue secretary Hasmukh Adhia, after the closure of the PMGKY window, had said the response had "not been so good."

Sep 7, 2017

Essar headquarters

Essar Steel gets Rs 800 crore interim financing from Edelweiss Group

The interim financing will keep Essar Steel as a going concern till lenders and the IRP finalise a restructuring plan within 270 days.

Sep 7, 2017

7th pay commission 7th cpc north block finance ministry delhi modi government

Conditions apply! Bank bosses tells government on PSBs mergers

Union Finance Minister Arun Jaitley said an alternative mechanism will be in place which is going to facilitate fast-track approvals of consolidations.

Sep 5, 2017

note, cash, note ban, investment, mf, mutual fund, mutual funds, uti equity fund, demonetisation, rbi, atm, tax collection

Government waives penalty on late GST returns for July

For July, GSTR-1 needs to be filed between September 1 and 5 and GSTR-2 between September 6 and 10.

Sep 2, 2017

Indian banks capital adequacy ratio

Pay up or begone, Supreme Court tells managements of defaulting firms

SC ruled in favour of ICICI Bank in the case of Innoventive Industries which owes banks over Rs 950 crore.

Sep 2, 2017

Construction

Gross pain: Hard trudge for GDP, growth touches 3-year low of 5.7% in Apr-June

GVA (Gross Value Added) stagnates at 5.6% in Q1; note ban, GST rollout caused bigger disruption than expected

Aug 31, 2017

BSNL

Government defers BSNL stake decision as Jio rocks sector

The entry of Jio, backed by billionaire Mukesh Ambani's Reliance Industries, has shaken the entire sector, not just BSNL, says a Reuters report.

Aug 31, 2017

rbi rule deposit of rs 5000 more than demonetisation modi govt currency ban

Down and out: Videocon, JP Associates, IVRCL may be dragged to NCLT's doors

Most are from the power and infrastructure sectors and are on RBI's second list of loan defaulters.

Aug 29, 2017

Tirupati temple

Good gold days: Tirupati Balaji temple deposits 2,780 kg of gold with SBI

Tirumala Tirupati Devasthanams (TTD) which manages the temple took a decision to deposit the gold under a long-term deposit scheme.

Aug 29, 2017

Income Tax Department is facing major manpower crunch

Income Tax Department faces major shortage of manpower: Reports [VIDEO]

About 3,000 posts of Income Tax Inspector are vacant and Assessment Officers are said to be overburdened with work.

Aug 29, 2017

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