The Central Board of Direct Taxes (CBDT) is likely to increase the exemption limit for tax deducted at source on rental income to Rs 2,00,000 a year from Rs 1,20,000 at present.The move will go a long way towards reducing the tax burden of individual ..
Tax payers can now deposit income tax from the bank accounts of any person in addition to credit and debit cards, the Central Board of Direct Taxes (CBDT) said. The decision has been taken following representation from certain domestic and foreign ta ..
The ministry of corporate affairs is working on a proposal according to which audited annual accounts of companies would be scrutinised on a regular basis. Currently, the government directs special audits only in cases where irregularities come to li ..
A Mumbai resident recently filed a case in the consumer court against a bank for negligence and deficiency in service. He alleged that his cheque book was misused and fraudulently Rs 40 lakh was withdrawn from his account when someone forged his sign ..
The Supreme Court today reserved its order on the plea of Sterlite Industries that it should be allowed to pursue their aluminium and refinery projects in Orissa as they have complied with the conditions set by the court some months ago.A bench heade ..
The Centre's opposition to amending the criminal law to enable jailing those unauthorisedly occupying govt accommodation, evoked a strong rebuke from the Supreme Court which directed the Union Cabinet to reconsider the matter. "Take it seriously. We ..
The Supreme Court on Friday has expressed its dissatisfaction over the steps taken by the Delhi government to overcome the power crisis in the national capital. "You have only given data about future (2009-10) but have not talked about today's situa ..
The Reserve bank is likely to finalise guidelines on mobile banking within two weeks to enable banks to roll-out cellphone-based payment services to their customers. "We are presently examining the comments received in response to the draft guidelin ..
Chennai, Jul 24 The Madras High Court has dismissed a petition filed by the Hindustan Petroleum Corporation Limited (HPCL) and imposed costs on the public sector company in a labour dispute case.Allowing a writ petition filed by eight workmen of HPC ..
In exercise of the powers conferred by clause (1) of article 224 of the Constitution of India, the President is pleased to appoint Shrimati Jaya Roy, to be an Additional Judge of the Jharkhand High Court, for a period of two years with effect from th ..
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