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Capital Market
Answers from the experts

Tax Center - 4 min 20 sec ago

The LTA is exempt from tax twice in a block of four calendar years
(January-December , currently the block is 2006-2009 ) based on the actual
amount spent on traveling, say experts at Astute Consulting.img src="
http://feeds.feedburner.com/~r/is-FinancialMonetaryPolicy/~4/427390970";
height="1" width="1"/

Categories: Capital Market, Personal Finance, Tax Center
I-T notice to Lok Group for alleged Rs 100-crore tax evasion

Tax Center - 4 min 20 sec ago

Income Tax authorities, who conducted a survey on city-based real estate
developer, Lok Group, have issued notices to the company for alleged tax
evasion of nearly Rs 100-crore.img src="
http://feeds.feedburner.com/~r/is-FinancialMonetaryPolicy/~4/425348165";
height="1" width="1"/

Categories: Capital Market, Personal Finance, Tax Center
Aishwarya Rai's 1996-97 IT assessment comes under HC scanner

Tax Center - 4 min 20 sec ago

The Bombay High Court has admitted an appeal filed by the Income Tax
authorities, challenging relief granted to Bollywood star Aishwarya Rai
Bachchan by Income Tax Appellate Tribunal (ITAT).img src="
http://feeds.feedburner.com/~r/is-FinancialMonetaryPolicy/~4/420513495";
height="1" width="1"/

Categories: Capital Market, Personal Finance, Tax Center
ITAT clears the air over transfer pricing

Tax Center - 4 min 20 sec ago

The method adopted by a company to arrive at a transfer price is valid
unless the tax officer can prove that the company had manipulated the price
to shift profits outside India.img src="
http://feeds.feedburner.com/~r/is-FinancialMonetaryPolicy/~4/415128885";
height="1" width="1"/

Categories: Capital Market, Personal Finance, Tax Center
Income Tax grievances to be registered online

Tax Center - 4 min 20 sec ago

Tax payers will now be able to lodge their grievances with the taxman at the
click of a mouse, with the launch of an online complaint redressal mechanism
on the lines of the existing e-filing facility of tax returns.img src="
http://feeds.feedburner.com/~r/is-FinancialMonetaryPolicy/~4/413504175";
height="1" width="1"/

Categories: Capital Market, Personal Finance, Tax Center
Growth in direct taxes falls to 25.5% in Sept

Tax Center - 4 min 20 sec ago

Direct tax collections, which had remained buoyant till now, appear to be
showing some early signs of slowdown.img src="
http://feeds.feedburner.com/~r/is-FinancialMonetaryPolicy/~4/413256647";
height="1" width="1"/

Categories: Capital Market, Personal Finance, Tax Center
Don't wait till March to plan your tax investments

Tax Center - 4 min 20 sec ago

pIt's been six months since this financial year started. Initiate tax
planning now. a href="
http://economictimes.indiatimes.com/quickiearticleshow/2680556.cms";
target="_blank"bULIP as a tax saving tool/b/a | a href="
http://economictimes.indiatimes.com//quickiearticleshow//3478634.cms";
target="_blank"bAdjustment to reduce taxes/b/a | a href="
http://economictimes.indiatimes.com/articleshow/3496444.cms";
target="_blank"bTackling crisis: Buffet way/b/a/pimg src="
http://feeds.feedburner.com/~r/is-FinancialMonetaryPolicy/~4/411678855";
height="1" width="1"/

Categories: Capital Market, Personal Finance, Tax Center
Govt plans to link tax with inflation rate

Tax Center - 4 min 20 sec ago

pThe government is considering a proposal to link taxable income with
inflation rate. a href="
http://economictimes.indiatimes.com/quickiearticleshow/2680556.cms";
target="_blank"bULIP as a tax saving tool/b/a | a href="
http://economictimes.indiatimes.com//quickiearticleshow//3478634.cms";
target="_blank"bAdjustment to reduce taxes/b/a | a href="
http://economictimes.indiatimes.com/articleshow/3496444.cms";
target="_blank"bTackling crisis: Buffet way/b/a/pimg src="
http://feeds.feedburner.com/~r/is-FinancialMonetaryPolicy/~4/411532814";
height="1" width="1"/

Categories: Capital Market, Personal Finance, Tax Center
TDS on 40% of arrears this fiscal

Tax Center - 4 min 20 sec ago

Income-tax at source would be deducted only on 40% of salary arrears to
central government employees this fiscal on implementation of Sixth Pay
panel recommendations.img src="
http://feeds.feedburner.com/~r/is-FinancialMonetaryPolicy/~4/407789294";
height="1" width="1"/

Categories: Capital Market, Personal Finance, Tax Center
India adds 10 m mobile users in Sept

Business News- Times Now - 39 min 32 sec ago

p align=justifyEven when consumer spending is low due to double-digit
inflation and pernicious global financial crisis, India has registered a
whopping 10 million new mobile phone subscribers in September. According to
the figures released by industry, GSM operators added 7.69 million new
subscribers, while CDMA operators added 2.34 million new users taking the
total mobile subscriber base to 310 million. brbrOut of the 310 million, GSM
subscriber base stood at 233 million, with a market share of 75 per cent.
The increasing addition of mobile phone shows that it has become an
essential commodity oblivious to cyclical downturn, according to an industry
analyst. brbrIndia has been adding mobile users at a blistering pace ranging
from seven to nine million, but the 10 million addition milestone is special
as it has come at a time when not only convulsions of global financial
crisis but also fears of impending recession are leading consumers to be
thrifty. brbrIn the CDMA technology base, Anil Ambani's Reliance
Communication is the market leader. India is the world's fastest-growing
market for wireless services and the second-largest market for such services
after China, with growth fuelled by cheap handsets and call rates as low as
one US cent a minute.brbr(With inputs from agencies)/p

Categories: Business, Capital Market, Corporate News, Economy, India,
Industry, Inflation, International Business, International News, USA
UAE's RAKIA plans $5 bn economic hub in India

ET: Economy News - 1 hour 9 min ago

The investment arm of the Gulf Arab emirate of Ras al-Khaimah plans a $5
billion business centre at Hyderabad in the south of India as it looks to
expand its investments abroad.img src="
http://feeds.feedburner.com/~r/is-AutoSector/~4/427512678"; height="1"
width="1"/

Categories: Business, Capital Market, Commodities Market, Economy,
Investor's News, Market News, News
Poor education, governance push India to 70th position on WPI

ET: Economy News - 1 hour 9 min ago

Quality of secondary education, cost of starting a business and the lack of
government effectiveness have led India to rally ahead of many South Asian
nations ranking at 70 positon among 104 nations on the World Prosperity
Index (WPI) 2008.img src="
http://feeds.feedburner.com/~r/is-AutoSector/~4/427512679"; height="1"
width="1"/

Categories: Business, Capital Market, Commodities Market, Economy,
Investor's News, Market News, News
House panel for priority to fertiliser units in gas allocation

ET: Economy News - 1 hour 9 min ago

Amid talks of fertiliser subsidy touching about Rs 1,00,000 crore this
fiscal, a House panel has suggested that gas should be provided to all
enhancer plants for capacity addition to meet growing demand.img src="
http://feeds.feedburner.com/~r/is-AutoSector/~4/427512680"; height="1"
width="1"/

Categories: Business, Capital Market, Commodities Market, Economy,
Investor's News, Market News, News
Oil prices slip as traders take profits

ET: Economy News - 1 hour 9 min ago

World oil prices dipped on Tuesday on profit-taking, after recent gains made
in the expectation that the OPEC crude producers' cartel will unveil plans
to cut output later this week.img src="
http://feeds.feedburner.com/~r/is-AutoSector/~4/427512681"; height="1"
width="1"/

Categories: Business, Capital Market, Commodities Market, Economy,
Investor's News, Market News, News
Oil companies to get oil bonds for three quarters

ET: Economy News - 1 hour 9 min ago

Finance Minister P Chidambaram has secured Lok Sabha nod to issue Rs 65,942
crore oil bonds to state-run firms to compensate them for losses incurred in
three quarters ending September 30, 2008.img src="
http://feeds.feedburner.com/~r/is-AutoSector/~4/427512682"; height="1"
width="1"/

Categories: Business, Capital Market, Commodities Market, Economy,
Investor's News, Market News, News
Madrid seeks to deepen ties with Indian metros

ET: Economy News - 1 hour 9 min ago

Spanish capital of Madrid is seeking to deepen its engagement with Indian
metros, particularly New Delhi, by showcasing its expertise in the area of
efficient and sustainable development of cities.img src="
http://feeds.feedburner.com/~r/is-AutoSector/~4/427512683"; height="1"
width="1"/

Categories: Business, Capital Market, Commodities Market, Economy,
Investor's News, Market News, News
BJP wants RBI to reduce CRR to 5%

ET: Economy News - 1 hour 9 min ago

Pitching for easy money policy, the BJP on Tuesday demanded that mandatory
deposit (CRR) that banks keep with the RBI should be reduced to five per
cent to improve liquidity and stimulate economy activity.img src="
http://feeds.feedburner.com/~r/is-AutoSector/~4/427406519"; height="1"
width="1"/

Categories: Business, Capital Market, Commodities Market, Economy,
Investor's News, Market News, News
Oil near US$74 as OPEC eyes production cut

ET: Economy News - 1 hour 9 min ago

Oil prices were hovering above US$74 a barrel Tuesday as investors expected
OPEC to try to halt a three-month slide in prices by cutting production
quotas at least 1 million barrels a day.img src="
http://feeds.feedburner.com/~r/is-AutoSector/~4/427406520"; height="1"
width="1"/

Categories: Business, Capital Market, Commodities Market, Economy,
Investor's News, Market News, News
Meltdown can affect developing nations: C'wealth Secy Gen

ET: Economy News - 1 hour 9 min ago

Fearing that financial crisis in developed world could have "ripple" effect
on developing nations, Kamlesh Sharma pressed for steps to protect interests
of "vulnerable" small countries in terms of assured investment.img src="
http://feeds.feedburner.com/~r/is-AutoSector/~4/427406521"; height="1"
width="1"/

Categories: Business, Capital Market, Commodities Market, Economy,
Investor's News, Market News, News
Deora rules out cut in fuel prices

ET: Economy News - 1 hour 9 min ago

Petroleum Minister Murli Deora today ruled out an immediate reduction in
petrol, diesel and domestic LPG prices in step with softening of
international oil prices.img src="
http://feeds.feedburner.com/~r/is-AutoSector/~4/427406522"; height="1"
width="1"/

Categories: Business, Capital Market, Commodities Market, Economy,
Investor's News, Market News, News


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