Tax Administration Reforms Commission to be set up: Chidambaram

A Tax Administration Reforms Commission will be set up as announced in the Union Budget 2013-14. It will review the application of tax policies and tax laws.Finance Minister P. Chidambaram said this in a written reply in the Lok Sabha today. He informed the House that the time period for submission ...

50 paise coins to remain in use with new features: RBI

The Reserve Bank of India has issued a new series of 50 paisa coins with the rupee symbol and new security features to facilitate easy recognition. The new security features will help in avoiding crude counterfeiting of coins. Giving this information in the Lok Sabha today, Minister of State for Fin...

Sensex drops 53 points in afternoon deals

The Sensex at the Bombay Stock Exchange dropped by 53 points to 18,739 in afternoon deals. Earlier Sensex fell over 21 points in morning trdae due to sustained selling by funds and retail investors amid a weak trend in the Asian region.The nifty at the National Stock Exchange shed 4 points, to 5,654...

Rupee erases early gains;falls by 4 paise to 54.32 against dollar

Erasing its early gains, the rupee today fell by four paise to 54.32 in late morning trade due to good dollar demand from importers amid weak local equity market. The rupee resumed lower at 54.35 per dollar as against the last closing level of 54.28 at the Interbank Foreign Exchange Forex Market. It...

Sensex drops 49 points to 18,742 in late morning deals

The Sensex at the Bombay Stock Exchange dropped 49 points to 18,742 in late morning deals. Earlier Sensex fell over 21 points in morning trdae due to sustained selling by funds and retail investors amid a weak trend in the Asian region.The nifty at the National Stock Exchange shed 7 points, to 5,650...

Rupee rises marginally by two paise to 54.26 against dollar

The rupee rose marginally by two paise to 54 rupees 26 paise against the dollar in early trade today, on increased selling of the US currency by exporters. The domestic currency had gained eight paise to close at 54 rupees 28 paise against the dollar yesterday.

Sensex extends losses for sixth straight session; falls over 21pts in early trade

Extending losses for the sixth straight session, the Sensex at the Bombay Stock Exchange today fell over 21 points in early trade due to sustained selling by funds and retail investors amid a weak trend in the Asian region.The 30-share index, which had lost over 778 points in the previous five sessi...

Mumbai IT offices to function on Sat & Sun to make up for end-March holidays

Considering the holidays for Holi and Good Friday falling in the last week of March and the huge rush to pay advance tax, the Income Tax offices in Mumbai will function on Saturday, 30th March and Sunday, 31st March, to enable tax payers and assessees to file their returns on time. This decision has...

Come clean on tax liability; details of six years' capital gains with us: IT Dept.H'bad to people

Asking people to come clean on their tax liability, the Income Tax Department in Hyderabad said today that it has collected details of property transactions for the six years between 2006 and 2012 from the Registration and Stamps Department of the Andhra Pradesh government.The income tax department ...

Pvt banks money laundering charge:No scam as no transaction took place says RBI Dy.Gov'nor