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July 2, 2012 6:30 PM
People with income of ten lakh rupees per annum will have to file their tax returns electronically beginning 2011-12 Financial year.The Central Board of Direct Taxes CBDT has issued a notification making E-filing compulsory for assessment year 2012-13 onwards for an individual or a Hindu undivided f...
July 2, 2012 6:00 PM
The mutual fund industry wants the consumers to bear the burden of 12 per cent service tax on purchase of schemes and has also pitched for higher administrative expenses.Association of Mutual Funds of India (AMFI) CEO, H.N. Sinor told reporters after the meeting of the representatives of the mutual ...
July 2, 2012 6:00 PM
The government has made it mandatory for individuals with income of over 10 lakh rupees to file their Income Tax returns electronically. An official release by the Finance Ministry says that the Central Board of Direct Taxes, CBDT has issued a notification in this regard.According to the release, E-...
July 2, 2012 5:31 PM
Snapping four days of gains, the Sensex at the Bombay Stock Exchange closed 31 points, or 0.2 percent lower, at 17,399, on mild profit-booking by investors, after range-bound trade on Monday.The Sensex had gained almost 550 points in the last four trading sessions.Stock markets in Japan, China, and ...
July 2, 2012 2:24 PM
India's exports declined by 4.16 per cent year-on-year in May this year to 25.68 billion US Dollars, mainly due to demand slowdown in the western markets. In May 2011, the exports stood at 26.79 billion dollars.According to data released by the Commerce Ministry today, during April-May 2012...
July 2, 2012 2:02 PM
The rupee failed to retain initial gains against the US dollar and slipped 10 paise to 55.71 this morning on fresh demand for the American currency by banks and importers due to uncertainty in the Forex market.The rupee resumed higher in early trade at 55.55 per dollar as against the last weekend&am...
July 2, 2012 2:01 PM
The Sensex at the Bombay Stock Exchange fell 40 points, or 0.2 per cent, to 17,390 in early trade, today, as funds and retail investors booked some profits after four days of gains. Later, the Sensex remained subdued, and stood 31 points, or 0.2 percent in negative territory, at 17,399, in range-bou...
July 2, 2012 1:44 PM
Crude prices fell in Asia today. New York's main contract, light sweet crude for August delivery, fell 1.03 dollar to 83.93 dollar a barrel and Brent North Sea crude for delivery in August shed 1.23 dollar to 96.57 dollar per barrel.
July 2, 2012 12:48 PM
The Sensex at the Bombay Stock Exchange lost 44 points, to 17,385 in late afternoon deals. Snapping a four-day rising streak, the BSE benchmark Sensex fell by over 40 points in early trade today as funds and retail investors booked profits at prevailing levels. The 30-share index, gained over 547 po...
July 2, 2012 12:11 PM
The rupee failed to retain initial gains against the dollar and slipped 10 paise to 55.71 this morning on fresh demand for the American currency by banks and importers due to uncertainty in the Forex market.The rupee resumed higher in early trade at 55.55 per dollar as against the last weekend&a...
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