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News at a Glance


Government Extends the due Date for E-Filing of Returns of Income Tax and Audit Reports to 31st October 2015

The issue of extension of last date for e-filing returns of income and audit reports u/s 44AB due by 30th September, 2015 has been the subject matter of litigation in various High Courts across the country.

Posted On :01/Oct/2015 2:19:48 PM

Diesel Price hiked by 50 paise per litre

Diesel price was on Wednesday hiked by 50 paise per litre but there will be no change in petrol prices.

Posted On :01/Oct/2015 11:09:39 AM

Axis Bank reduces interest rates

Following the Reserve Bank of Indias declaration of reduction of interest in short-term loans, most of the banks have started extending this concession to their customers as well.

Posted On :01/Oct/2015 10:13:22 AM

List of countries with most foreign investment: India displaces China to be the first!

A leading international Economics journal has published that India has overtaken China & USA as the first country attracting most foreign investment.

Posted On :01/Oct/2015 10:06:20 AM

Big Billion Sale dates announced

Indian e-commerce giant Flipkart has announced the dates for the Big Billion Sale this year.

Posted On :30/Sep/2015 11:18:27 AM

SBI reduces interest rates by 0.4%!

Following Reserve Bank of India announcement about reduction of interest for short-term loans by 0.5%, SBI has immediately followed suit by extending this by reducing its interest to the clients by 0.4%.

Posted On :30/Sep/2015 8:49:42 AM

1792 tons of Bengal-gram reaches India � prospects of price reduction

Bengal-gram weighing 1792 tons, exported from foreign countries, has reached India on 23rd & 24th September.

Posted On :29/Sep/2015 5:34:54 PM

Reserve Bank reduces short-term interest rate by 0.5%!

Reserve Bank of India has announced reduction of short-term interest by 0.5%.

Posted On :29/Sep/2015 4:13:15 PM

No extension of last date, says CBDT

The Central Board of Direct Taxes (CBDT), that houses the Income Tax Department and also collects corporate taxes, has said that the last date to file audit reports has not been extended beyond September 30th.

Posted On :29/Sep/2015 9:28:37 AM

CBDT to target small time tax assessees

The Income Tax department is now looking into taxpayers (who are not paying tax) in tier II and tier III cities with an earning of Rs. 4 lakhs per annum.

Posted On :28/Sep/2015 9:53:45 AM