Income Tax Department To Pay Interest On Delayed TDS Refund
New Delhi/Nagpur: The Income Tax Department will now add interest to delayed refunds made against excess TDS (tax deducted at source) deductions and will also not litigate with the deductor on this issue in the future. The Central Board of Direct...
Govt approves 8.7 per cent interest on provident fund deposits
New Delhi/Nagpur: The Finance Ministry has approved 8.7 per cent interest on Employees Provident Fund deposits for 2015-16, Labour Minister Bandaru Dattatreya announced today. The interest rate till last year was kept at 8.75 per cent. In February, the Labour Ministry...
Ramnath Kini elected new president of NOBW
Nagpur: The newly elected president of National Organisation of Bank Workers (NOBW) Ramnath Kini has said NOBW is well aware of the sprouting challenges before the banking industry such as threat of privatization, consolidations, amalgamation, mergers of public sector banks,...
WCL to Organize a Road Show on “Auction of Linkage for Non Power Consumers” on April 23
Nagpur: Western Coalfields Limited (WCL), Nagpur, A Miniratna CPSU and a Subsidiary of Coal India Limited is organizing a Consumer meet/Road Show on Auction of Linkage for Non Power consumers of WCL in whose case the validity of the Coal...
GST Bill: Govt will try to convince opposition again, says Venkaiah Naidu
New Delhi/Nagpur: Stressing that the Goods and Services Tax (GST) Bill is the need of the hour, Union Minister M Venkaiah Naidu said the government will again try to convince the Opposition so as to ensure passage of the legislation...
Finance ministry unveils draft foreign tax credit guidelines
In an effort to provide relief and clarity to Indian companies and individual taxpayers with overseas income, the revenue department on Monday proposed that tax paid in a foreign territory can be credited against minimum alternate tax (MAT) as well...
Government should introduce lower tax regime and minimise rules to bring more transparency: Dr Tejinder Singh Rawal
VIA holds programme on “The Panama Paper: The largest leak in history” Nagpur. VIA Economy and Finance Forum organized a programme on "The Panama Paper - The Largest Leak in History” which was conducted by renowned Chartered Accountant and Economist Dr Tejinder...
VIA launches spirit of entrepreneurship series
Nagpur: The first programme under the spirit of entrepreneurship series was held at VIA Hall this evening to a packed audience. The 90 minutes programme witnessed three successful entrepreneurs of Orange city motivating large number of entrepreneurs who gathered to listen to...
Most jewellers back to business after six-week stir
Jewellers in Maharashtra have called off their strike temporarily, from April 14 to 24. Nagpur: A large number of jewellers from Maharashtra have called off the strike temporarily from 14 to 24 to take advantage of the Gurupushyamrut yog day that...
SARL to enhance market presence with the launch of Naturralle Health Rice Bran Oil
Anjani Kumar Gupta (SARL) & Meghana Kumare at the launch of Naturralle Health Rice Bran Oil Nagpur: One of the leading edible oil companies Saraiwwalaa Agrr Refineries Limited (SARL) with an aim of strategic growth of their company, have introduced...
NVCC’s supported “Nagpur Trade Bandh” on April 12 in support of Sarafa Bazar postponed
Nagpur: The Nag Vidarbha Chamber of Commerce has organized a joint meeting of Executive Committee and Presidents/Secretaries of all Trade Associations on Saturday the April 9, 2016 at the Meeting Hall. President of NVCC Prakash Mehadia presided over the meeting. At...
Nagpur jewellery traders celebrate Gudi Padwa as black day
Loss of business worth crores of rupees Nagpur: This year, the citizens of Nagpur are going to spend Gudi Padwa sans gold jewellery. Every year till date, Gudi Padwa had scores of women and families buying gold or silver jewellery from...
ASCI upholds 51 complaints against misleading ads by Airtel, Amazon, Vodafone and more
New Delhi/Nagpur: Advertising sector watchdog ASCI upheld complaints against 51 misleading advertisements in January, including those of Airtel, Patanjali, Amazon, Facebook, Vodafone, Shoppers Stop, Coca-Cola, Emami and Dabur. The Customer Complaints Council (CCC) of Advertising Standard Council of India (ASCI)...
Gudi Padwa and brides to go without gold jewellery this year!
PM cancels meet with jewellers: Strike slated to continue for next 90 days Nagpur: The jewellers and artisans had requested a meeting with Prime Minister Narendra Modi on April 6, 2016, in order to request him to roll back the imposition...
President of Income Tax Appellate Tribunal arrived in Nagpur
Nagpur: President of ITAT, Justice (Retd.) Dev Darshan Sud arrived in the city on his maiden visit to the Nagpur Bench of the ITAT. The Income Tax Appellate Tribunal is an institution functioning under the Ministry of Law. ITAT is...
Raghuram Rajan Cuts Repo Rate By 0.25%, EMIs Set To Fall
Mumbai/Nagpur: Reserve Bank Governor Raghuram Rajan on Tuesday cut the benchmark repo rate by 25 basis points as expected. Dr Rajan's first rate cut in over six months sent the repo rate to over five-year low of 6.50 per cent. The...
IT dept launches tax calculator; e-filing of few ITRs begins
New Delhi: E-filing of income tax returns for the assessment year 2016-17 was launched on Sunday for a select category of entities and individuals even as the IT department provided an online calculator for filers to do an easy check...
WCL registers highest ever growth in production
Nagpur: Western Coalfields Limited, Nagpur based Miniratna CPSU, a Subsidiary of Coal India Limited has registered highest ever growth in coal production during just concluded fiscal 2015-16. The company has recorded a growth of about 9% which is highest in...
NRHA organize special camp for property tax assessment
Nagpur: Nagpur Residential Hotels Association (NRHA) organised a special camp in association with Nagpur Municipal Corporation (NMC) for its members for self assessment of their properties as per new tax system in 2015-16 fiscal with effect from April 1, 2015. Present...
Sarafa Merchants take out massive Motorcycle rally
Nagpur: Sarafa Merchants of Nagpur city took out a massive Motorcycle rally to register their protest against the 1% additional Excise Duty levied on gold jewellery on April 1, 2016. The agitation started soon after the Union Budget was presented by...
Reliance Defence to locate facility at MIHAN to manufacture small aircraft for Ukraine’s Antonov
Mumbai/Nagpur:Reliance Defence of the Anil Ambani Group announced on Thursday that it has entered into an agreement with Ukrainian state-owned company Antonov for making smaller aircraft, which can be used by military and civilian customers. Antonov or An class of aircraft...
