Income Tax Building

Everything you need to know about Income Tax Building: news, reviews, in-depth analysis, opinion and more

Everything you need to know about Income Tax Building: news, reviews, in-depth analysis, opinion and more

Yamuna to break 35-year record Wednesday

June 19, 2013 at 4:36 PM

New Delhi, June 19 (IANS) The water level in the Yamuna river here will reach 207.7 metres by Wednesday evening, the highest ever recorded in 35 years, a government official said.

Income Tax officials raid SRM group

June 18, 2013 at 3:48 PM

Chennai, June 18 (IANS) Officials of the Income Tax department Tuesday conducted search operations in various offices belonging to SRM group having interests in education, news channel, transport and other sectors.

Dubai's 'The Change Initiative' named 'world's most sustainable building'

June 17, 2013 at 12:44 PM

Dubai, June 17(ANI): Dubai, which is the home to the tallest building, also has the "most sustainable" commercial building in the world- The Change Initiative (TCI).

Scientists engineer virus that delivers genes to restore sight

June 13, 2013 at 1:24 PM

Los Angeles, June 13 (IANS) Scientists in the US have engineered a virus that inserts genes into the eyes as a way of restoring sight in those afflicted by diseases that cause blinding, a new study says.

Doctors to focus on women's wellbeing

June 7, 2013 at 10:49 PM

Bangalore, June 7 (IANS) The Federation of Obstetric & Gynaecological Societies of India Friday resolved to focus on the wellbeing of women to build a healthy generation with better healthcare services.

Building collapses in Philadelphia

June 5, 2013 at 10:49 PM

Washington, June 5 (IANS) A building has collapsed in the city of Philadelphia, with up to 10 people believed to be trapped under the rubble, Xinhua reported quoting the US media.

Building collapses in Philadelphia

June 5, 2013 at 10:25 PM

Washington, June 5 (IANS) A building collapsed in Philadelphia, with several people believed to be buried inside, Xinhua reported Wednesday.

Cabinet approves conciliation in Vodafone India tax controversy

June 4, 2013 at 10:17 PM

New Delhi, June 4 (IANS) The cabinet Tuesday gave the go-ahead for the conciliation process with the Vodafone Group, Finance Minister P. Chidambaram said.

CIC ruling on political parties most significant: Habibullah

June 4, 2013 at 2:09 PM

New Delhi, June 4 (IANS) The Central Information Commission (CIC) ruling that political parties are public authorities is "most significant" as they would now need to respond to RTI queries on their assets, funding and members, former commissioner Wajahat Habibullah said Tuesday.

Vodafone ready for reconciliation on tax issue

May 29, 2013 at 6:20 PM

New Delhi, May 29 (IANS) Vodafone India is ready for reconciliation with the central government on the tax issue, an official of the telecom giant said Wednesday after a meeting with Finance Minister P. Chidambaram.

Tata Global Beverages Q4 net up 76.65 percent

May 28, 2013 at 7:56 PM

Kolkata, May 28 (IANS) Tata Global Beverages Tuesday announced a 76.65 percent rise in its consolidated net profit to Rs.95.76 crore for the quarter ended March 31, 2013, from Rs.54.21 crore for the like period last year.

Use latest tech to expand tax compliance and assessment, tells Chidambaram

May 28, 2013 at 7:08 PM

New Delhi, May 28 (ANI): Finance Minister P. Chidambaram today asked Chief Commissioners and Directors General of Income Tax to use latest technology and the vast information base at their disposal, to expand tax compliance and assessment.

Chidambaram to inaugurate annual conference of top IT officials today

May 28, 2013 at 10:28 AM

New Delhi, May 28 (ANI): Union Finance Minister P. Chidambaram will inaugurate the 29th annual conference of Chief Commissioners and Directors General of Income Tax here today.

Coal India Q4 net up 35 percent to Rs.5,413.91 crore

May 27, 2013 at 11:01 PM

Kolkata, May 27 (IANS) Public sector Coal India Limited (CIL), the world's largest miner of coal, Monday announced a 34.89 percent jump in consolidated net profit to Rs.5,413.91 crore for the quarter ended March 31, 2013, from Rs.4,013.41 crore for the corresponding period in the previous financial year.

Coal India Q4 net up 35 percent to Rs.5,413.91 crore

May 27, 2013 at 8:13 PM

Kolkata, May 27 (IANS) Public sector Coal India Limited (CIL), the world's largest miner of coal, Monday announced a 34.89 percent jump in consolidated net profit to Rs.5,413.91 crore for the quarter ended March 31, 2013, from Rs.4,013.41 crore for the corresponding period in the previous financial year.

Chidambaram to inaugurate annual conference of Income Tax personnel

May 27, 2013 at 7:01 PM

New Delhi, May 27 (ANI): Finance Minister P. Chidambaram will inaugurate the 29th annual conference of Chief Commissioners and Directors General of Income Tax here on Tuesday.

Sridevi, Boney Kapoor launch retail property

May 26, 2013 at 7:02 PM

Nashik, May 26 (IANS) Actress Sridevi and her producer husband Boney Kapoor launched retail property Maitreya Greens housing project here Sunday and also became the first to book a flat there.

Missiles not meteorites on US-Russia agenda

May 26, 2013 at 8:38 AM

Moscow, May 26 (IANS/RIA Novosti) The US plans to collaborate with Russia on missile issues and Afghanistan, but not planetary defence from space threats, a US diplomat said.

Koda surrenders after week-long bail, sent to judicial custody

May 24, 2013 at 5:02 PM

Ranchi, May 24 (IANS) Former Jharkhand chief minister Madhu Koda, allegedly at the centre of a Rs.2,500 crore money laundering scam, surrendered in a court here Friday after his bail period ended and was sent to 14 days in judicial custody.

Cabinet approves proposal for creation of 20,751 additional posts in IT Dept

May 24, 2013 at 10:54 AM

New Delhi, May 24 (ANI): The Cabinet has approved the proposal for creation of 20,751 additional posts in the Income Tax Department in various cadres.

Obama to curtail drones in focused war on terror

May 24, 2013 at 1:02 AM

Washington, May 24 (IANS) Making a shift from a boundless "global war on terror", US President Barack Obama Thursday announced a new counter-terrorism policy narrowing the use of drones that has put it at odds with key allies like Pakistan.

Cabinet nod to 20,751 new Income Tax posts

May 23, 2013 at 9:02 PM

New Delhi, May 23 (IANS) The Cabinet Thursday approved creation of 20,751 additional posts in the Income Tax department, at a cost of Rs.449.71 crore, to help it collect increased revenue and provide better services to tax payers, an official statement said.

IGL Q4 profits rise over 4 percent

May 23, 2013 at 6:30 PM

New Delhi, May 23 (IANS) State-run gas distributors Indraprastha Gas Ltd (IGL) Thursday reported an over 4 percent rise in net profits year-on-year for its fourth quarter ended March 31.

SEBI, India's capital market regulator, is 25

May 23, 2013 at 4:14 PM

New Delhi, May 23 (IANS) The Securities and Exchange Board of India (SEBI) celebrates its silver jubilee Friday amid calls that the capital market regulator needs to follow global standards and improve market intelligence, technology and talent pool to beef up the enforcement processes, protect investors and allow the launch of more investment products.

Goa to host conference on green industry practices

May 23, 2013 at 2:06 PM

Panaji, May 23 (IANS) Aiming to position Goa as a leader in green practices in construction, manufacturing and hospitality industry, a CII conference on eco-friendly practices will be held later this month, organisers said Thursday.

Drugs found to prevent and treat Alzheimer's in mice

May 22, 2013 at 10:22 AM

Washington, May 22 (ANI): A class of pharmaceuticals can both prevent and treat Alzheimer's disease in mice, researchers at USC have found.

India, US seek elimination of terror havens

May 22, 2013 at 9:18 AM

Washington, May 22 (IANS) India and the US have called upon all nations - without naming any country - to take effective steps to work toward eliminating sanctuaries and infrastructure that supports terrorism and to increase efforts to counter violent extremism.

President Karzai invites CII to set up healthcare and skill building centers in Afghanistan

May 21, 2013 at 5:42 PM

New Delhi, May 21 (ANI): In an exclusive interaction with a group of CII CEOs , President Karzai called for Indian Investment in prominent sectors including Healthcare, Agri business, Telecom and Capacity Building.

ITC fourth quarter net jumps 19.4 percent

May 17, 2013 at 4:22 PM

New Delhi, May 17 (IANS) Conglomerate ITC's fourth quarter (January to March) 2012-13 net jumped by 19.4 percent.

Walmart plans for own safety inspection at Bangladesh factories

May 16, 2013 at 5:02 PM

London, May 16 (ANI): Walmart has planned to conduct safety investigations at its Bangladesh factories by its own and not join accord with other retailers.

Malaria-infected mosquitoes more attracted to human odour

May 16, 2013 at 2:46 PM

Washington, May 16 (ANI): Scientists have demonstrated for the first time that female mosquitoes infected with malaria parasites are significantly more attracted to human odour than uninfected mosquitoes.

AAP attacks Sibal on Vodafone tax liability

May 15, 2013 at 8:30 PM

New Delhi, May 15 (IANS) The Aam Aadmi Party (AAP) Wednesday attacked newly-appointed Law Minister Kapil Sibal for allegedly favouring British telecom giant Vodafone by clearing the decks for resolving its tax dispute out of court.

Gurgaon administration wants e-stamping

May 13, 2013 at 8:22 PM

Chandigarh, May 13 (IANS) To lessen the wait and hardship of the people for registering property, the Gurgaon district administration has urged the Haryana government to introduce e-stamping to make things easier, a spokesman said Monday.

Police unearth Rs.750 crore assets of Saradha chief

May 11, 2013 at 9:58 PM

Kolkata, May 11 (IANS) Police have unearthed property worth Rs.750 crore so far by quizzing chit fund-aided Saradha Group's arrested promoter Sudipa Sen and his top aides, an official said Saturday. Six motorcycles with red beacons and hooters allegedly used by company's officials to carry cash was also seized.

Gwyneth Paltrow and Chris Martin spark dispute with neighbours over 'too-high gate'

May 10, 2013 at 5:10 PM

London, May 10 (ANI): Gwyneth Paltrow has angered her neighbours in Los Angeles after allegedly erecting a towering gate at the entrance of their mansion.

Koda surrenders, sent to 14 days judicial custody

May 10, 2013 at 1:50 PM

Ranchi, May 10 (IANS) Former Jharkhand chief minister Madhu Koda surrendered in a Ranchi court Friday and was sent to 14 days' judicial custody. He was on three weeks provisional bail that ended a day before.

IT researchers hack Google's Australian office building

May 7, 2013 at 11:21 AM

Sydney, May 7 (ANI): Google's Wharf 7 office in Sydney has stated that their building control system, which monitors the building's mechanical and electrical equipment, has been hacked by two IT security researchers.

Tolani, Bedi given additional charge of post of member of Appellate Tribunal for Foreign Exchange

May 6, 2013 at 7:45 PM

New Delhi, May 6 (ANI): The Central Government has entrusted the additional charge of the post of member of the Appellate Tribunal for Foreign Exchange to R.P. Tolani, Judicial Member, Income Tax Appellate Tribunal, and U.B.S. Bedi, also Judicial Member, Income Tax Appellate Tribunal.

Punjab assembly mourns Sarabjit's death, terms him martyr

May 3, 2013 at 12:36 PM

Chandigarh, May 3 (IANS) A special session of the Punjab assembly Friday paid homage to Sarabjit Singh, the Indian prisoner who died after a murderous attack in a prison in Pakistan.

NCP attacks Congress on costly government flats

May 2, 2013 at 10:52 PM

Mumbai, May 2 (IANS) The ruling Democratic Front constituent Nationalist Congress Party Thursday attacked the senior alliance partner Congress over the high prices of flats to be allotted by the government later this month.

Insects' eyes inspire new digital camera with unique imaging capabilities

May 2, 2013 at 2:28 PM

Washington, May 2 (ANI): Digital cameras with designs that mimic those of ocular systems found in dragonflies, bees, praying mantises and other insects have been created.

CM launches the ambitious Delhi Swavlamban Scheme

May 2, 2013 at 1:52 PM

Delhi government has launched an ambitious Delhi Swavlamban Scheme to provide pension to the workers after their retirement. The Scheme was announced by the Chief Minister in her budget speech. It conveys government?s concern about the old age of workers as it recognizes the critical role played by the workers in the un-organized and informal sector to make the lives of other comfortable and leisurely.

Chit fund scam: CBI team to meet Assam Police in Guwahati

April 30, 2013 at 1:32 PM

Guwahati, April 30 (ANI): A Central Bureau of Investigation (CBI) team will meet Assam Police officials in Guwahati on Tuesday to discuss the chit fund scam issue.

IT sleuths search Ekta Kapoor, family's premises

April 30, 2013 at 12:04 PM

Mumbai, April. Apr 30 (IANS) Around 100 sleuths of the Income Tax Department carried out search operations at the offices, residences, studios and other properties of top officials of film production house Balaji Telefims here Monday, an official said.

No wealth tax on agricultural land, assures Chidambaram

April 29, 2013 at 10:36 PM

New Delhi, April 29 (IANS) Union Finance Minister P. Chidambaram Monday assured a delegation of senior Congress leaders from Haryana, Punjab and Delhi that no wealth tax would be imposed on agricultural land in the country.

Government red flags over 250 suspicious banking transactions

April 29, 2013 at 9:56 AM

New Delhi, April 29 (ANI): The Finance Ministry has reportedly red-flagged over 250 suspicious banking transactions, most of them related to multi-level marketing schemes.

1 WTC to be tallest building in western hemisphere

April 28, 2013 at 6:52 PM

New York, April 28 (IANS) Construction crews at the 9/11 site will raise the final two sections of a 408-foot spire to the top of the One World Trade Center building Monday, making the building the tallest in the western hemisphere.

Building collapse in France kills two

April 28, 2013 at 5:08 PM

Paris, April 28 (IANS) Part of a four-storey residential building in the French city of Reims collapsed Sunday following an explosion, killing two people, BBC reported.

Several actions against illegal raising of funds by chit-fund companies in WB: Govt.

April 27, 2013 at 8:12 PM

New Delhi, Apr. 27 (ANI): The government today said several actions were taken against alleged illegal raising of funds by some chit-fund companies in West Bengal and the eastern region.

Bonebridge ear made from rib and implant cures UK man's deafness

April 26, 2013 at 11:00 AM

London, Apr 27 (ANI): In a first of its kind operation, a piece of rib and a bone conduction implant have been used to treat an Edinburgh man's hereditary deafness.

Mums likelier to leave male-dominated jobs with long hours

April 25, 2013 at 10:12 AM

Washington, April 25 (ANI): An Indiana University study has found that mothers are more likely than other employees to leave jobs in male-dominated fields.

Mukherjee inaugurates 42nd IFTDO world conference, calls for skilled manpower

April 23, 2013 at 9:24 PM

New Delhi, Apr. 23 (ANI): President Pranab Mukherjee on Tuesday said skilled manpower and availability of a competent cadre of management professionals would play a key role in India's strategy to see its industry compete successfully with the best in the world.

Police officer killed on MIT campus near Boston(Update: MIT)

April 19, 2013 at 12:12 PM

Cambridge (Massachusetts, US), April 19 (ANI): A police officer on duty at the Massachusetts Institute of Technology campus in Cambridge was shot dead late Thursday.

Policed officer killed on MIT campus near Boston

April 19, 2013 at 12:04 PM

Washington, April 19 (IANS) A Massachusetts Institute of Technology campus police officer was shot and killed Thursday night at the school's campus outside Boston, which has been edge since Monday's Boston Marathon bombing.

Police officer shot at in US

April 19, 2013 at 10:04 AM

Boston, April 19 (IANS) A police officer was shot at in the Massachusetts Institute of Technology (MIT) campus Thursday night, authorities said.

New microbatteries can recharge phone in the blink of an eye

April 17, 2013 at 1:16 PM

Washington, April 17 (ANI): Researchers at the University of Illinois at Urbana-Champaign have developed the most powerful microbatteries ever documented.

Larger bench of CIC to hear case on making IT returns of legislators' public

April 15, 2013 at 6:52 PM

New Delhi, Apr. 15 (ANI): The case on making IT Returns of MPs/ MLAs public has been referred to a larger bench of three Information Commissioners and the hearing date has been set for tomorrow.

One million Austrians at risk of poverty

April 13, 2013 at 12:44 PM

Vienna, April 13 (IANS) A total of 1.05 million Austrians were at poverty risk in 2011, the latest available figures released in a report revealed.

Mamata 'devastated' by Presidency vandalism: Vice Chancellor

April 12, 2013 at 6:52 PM

Kolkata, April 12 (IANS) West Bengal Chief Minister Mamata Banerjee Friday telephoned Presidency University Vice Chancellor Malabika Sarkar and said she was "devastated" by the vandalism at the varsity by the activists of her party's students wing.

IVF pioneer Robert Edwards dies at 87

April 11, 2013 at 10:20 AM

New York, Apr. 11 (ANI): British scientist Robert Edwards, who won a Nobel Prize award for his pioneering work in developing in vitro fertilisation (IVF), died on Wednesday. He was 87.

Test-tube baby pioneer dies aged 87

April 11, 2013 at 3:32 AM

London, April 11 (IANS) British scientist Robert Edwards, known as "father" of world's first test-tube baby breathed his last Wednesday, the Cambridge University announced. The 87-year-old died following prolonged illness.

'Frustrated' Arshavin may quit game after contract expires at Arsenal

April 10, 2013 at 3:56 PM

London, Apr 10 (ANI): Russian footballer Andrey Arshavin is reportedly set to quit football when his contract at Arsenal comes to an end this summer following his increasing disillusionment during his final season at the club.

Cabinet provides 54 crore to Rajiv Gandhi Super-specialty Hospital

April 10, 2013 at 12:10 PM

Delhi Cabinet decided to provide additional amount of 54 cr to Rajiv Gandhi Super-specialty Hospital (RGSH), Tahirpur to complete remaining works and upgrade it as per the norms of Green Building Concept. The decisions were taken at a Cabinet Meeting held under the Chairmanship of Delhi Chief Minister Sheila Dikshit.

Rs.54 crore sanctioned for Delhi hospital

April 9, 2013 at 6:05 PM

New Delhi, April 9 (IANS) The Delhi government Tuesday decided to provide Rs.54 crore to Rajiv Gandhi Super Specialty Hospital for its completion and upgradation under the norms of Green Building Concept.

India to amend tax laws after resolving Vodafone dispute: Chidambaram

April 6, 2013 at 5:08 PM

New Delhi, April 6 (IANS) The Indian government will introduce changes in the income tax laws once the dispute with Vodafone is resolved, Finance Minister P. Chidambaram said Saturday.

Growth, jobs remain global priorities, challenges: IMF

April 5, 2013 at 1:09 PM

Washington, April 5 (IANS) Although economic growth and job creation are top priorities for global policymakers, their outlooks remain a major concern, the International Monetary Fund (IMF) said.

Bhutto family accused of using British aid to fund re-election campaign in Pak

April 2, 2013 at 11:48 AM

London, Apr. 2 (ANI): A leading development economist has claimed that the Benazir Income Support Programme was being used to buy support for Bhutto's widower, President Asif Ali Zardari, and his party.

'Russia not obliged to notify West of war games'

April 2, 2013 at 9:24 AM

Moscow, April 2 (IANS/RIA Novosti) Russia is not obligated to notify western countries beforehand of its recent snap military exercises, a top Russian defence ministry official said Monday.

Russia to put 68 spacecraft into orbit by 2015

March 27, 2013 at 5:30 AM

Moscow, March 27 (IANS/RIA Novosti) Russia plans to put 68 spacecraft into orbit by 2015 and to almost double the number of its communications satellites to 44 by 2020, an official said.

CBI arrests senior IT official in Gujarat

March 26, 2013 at 8:18 PM

Gandhinagar (Gujarat), Mar. 26 (ANI): The Central Bureau of Investigation has arrested an Additional Commissioner of Income Tax, Gandhinagar, in connection with a bribery case.

Russia to test new domestically designed flight engine

March 26, 2013 at 7:22 AM

Moscow, March 26 (IANS/RIA Novosti) The first in-flight tests of Russia's domestically designed PD-14 engine for MS-21 passenger planes are scheduled for 2014, an official said.

Blake Lively picks out stove for country house kitchen

March 25, 2013 at 4:10 PM

New York, Mar 25 (ANI): Blake Lively is apparently obsessed with cooking.

India, US mull cooperation in moon, Mars missions

March 23, 2013 at 10:18 AM

Washington, March 23 (IANS) India and the US have agreed to expand their cooperation in civil space activities ranging from weather and monsoon forecasting to cooperative space exploration work, including future missions to the moon and Mars.

Donations to Kashi Vishwanath temple now tax free

March 20, 2013 at 10:17 AM

Lucknow, March 20 (IANS) Donations to the famous Kashi Vishwanath temple in Varanasi would now get 100 percent income tax exemption, an official spokesperson of the state government said. A decision to this effect was taken by the state cabinet Tuesday.

Amend Finance Bill 2013, Jayalalithaa asks PM

March 19, 2013 at 3:54 PM

Chennai, March 19 (IANS) Tamil Nadu Chief Minister J. Jayalalithaa Tuesday urged Prime Minister Manmohan Singh to amend the Finance Bill 2013.

Government to introduce new ITR form by month-end

March 15, 2013 at 7:02 PM

New Delhi, March 15 (IANS) Government will introduce new forms for filing of income tax returns for the assessment year 2013-14 by the end of this month, Minister of State for Finance S.S. Palanimanickam said Friday.

National Culture Fund to hold meeting on corporate social responsibility

March 15, 2013 at 11:18 AM

New Delhi, Mar 15 (ANI): In an effort to give a renewed thrust to ensure and safe guard our heritage for the future generations of our country, the National Culture Fund (NCF) is organizing a meeting here today to generate awareness about its role and the responsibility of the public and private sector in this regard.

Waters new chairman of ICC World Cup 2015

March 13, 2013 at 6:06 PM

Duba, March 13 (IANS) Cricket Australia and New Zealand Cricket, the hosts of the ICC Cricket World Cup 2015, Wednesday appointed Ralph Waters as chairman of the local organising committee for the tournament.

Government says 73,388 taxpayers defaulted in 2012-13

March 13, 2013 at 4:06 PM

New Delhi, March 13 (IANS) The government Wednesday said 73,388 taxpayers have defaulted on payments aggregating to Rs.3,859 crore in the current financial year and steps would be taken to penalise them.

IT dept. urges taxpayers to pay all self- assessment tax dues by March 31

March 13, 2013 at 3:50 PM

New Delhi, Mar 13 (ANI): The Income-tax department on Wednesday urged all taxpayers who have filed their returns in the current financial year and have defaulted on payment of self-assessment tax of any amount, to immediately come forward and pay the due taxes before March 31.

Stem cells from body fat can destroy tumour cells: Study

March 13, 2013 at 1:42 PM

Washington, March 13 (IANS) A new study has found that stem cells from the patient's own body fat could help seek out and destroy cancer cells in a type of brain tumour.

Mollie King wants new boyfriend

March 12, 2013 at 1:02 PM

London, March 12 (IANS) Singer Mollie King, who is currently single, is hopeful of finding love when she travels to New York.

Uncertainty looms over Hindus marriage registration in Pakistan

March 10, 2013 at 4:19 PM

Karachi, Mar. 10 (ANI): More than 20 Hindu couples in Pakistan got married at a mass wedding ceremony, arranged by Pakistan Hindu Council amidst apprehension, due to lack of law for registration of Hindu weddings in the country.

Rs.7,222 crore fake bill scam unearthed

March 8, 2013 at 7:07 PM

Mumbai, March 8 (IANS) The Income Tax (IT) Department has detected a scam of bogus bills issued by hawala dealers enabling tax payers to suppress their taxable income, an official said here Friday.

Top Pak cricket stars come under taxman's scanner

March 8, 2013 at 12:51 PM

Islamabad, Mar 8 (ANI): The Pakistani authorities are investigating complains of non-payment of taxes by country's top cricketers including national team captain Misbahul Haq.

Handicap man to undertake swimathon

March 5, 2013 at 1:55 PM

Mumbai, March 5 (IANS) A physically handicapped man from the Worli slum here will make an unprecedented attempt to swim the 21-km stretch in the Arabian Sea from the Gateway of India to Rewas in mainland Raigad and make a return journey.

Chopper deal: CBI receives fresh set of documents from Defence Ministry

March 2, 2013 at 5:31 PM

New Delhi, Mar. 2 (ANI): The Central Bureau of Investigation (CBI) has received a fresh set of documents from the Ministry of Defence related to the Rs. 3600 crore AgustaWestland chopper deal

No issues with insurers trading debt, becoming brokers: IRDA

March 1, 2013 at 6:27 PM

Chennai, Mar 1 (IANS) The Insurance Regulatory and Development Authority (IRDA) has no issues with banks becoming insurance brokers and insurers trading directly in the debt segment provided the norms are satisfied, said a senior IRDA official.

Government assures foreign investors on tax residency certificate

March 1, 2013 at 3:39 PM

New Delhi, Mar 1 (IANS) Just a day after presenting the national budget, the government Friday sought to assure overseas investors that their fear of losing benefits over the Tax Residency Certificate (TRC) will be addressed during discussion on the Finance Bill in parliament.

Nasscom lauds budget's thrust on SMEs, start-ups

February 28, 2013 at 8:19 PM

Bangalore, Feb 28 (IANS) The focus on small and medium enterprises (SMEs) and start-ups in the union budget for 2013-14 would help boost entrepreneurship across the country, the Indian IT industry representative body Nasscom said Thursday.

GAAR with modifications from April 2016

February 28, 2013 at 4:43 PM

New Delhi, Feb 28 (IANS) India will implement the modified General Anti-Avoidance Rules (GAAR) aimed at checking tax avoidance by overseas investors from Apr 1, 2016, Finance Minister P. Chidambaram said Thursday.

Budget 2013-14: Tobacco products, SUVs, mobile phones to cost more

February 28, 2013 at 3:31 PM

New Delhi, Feb.28 (ANI): Finance Minister P. Chidamabaram on Thursday announced that items like tobacco products, SUVs and mobile phones would cost more.

Union Budget reiterates clarity in tax laws, stable tax regime

February 28, 2013 at 1:55 PM

New Delhi, Feb. 28 (ANI): The General Budget for 2013-14 presented by Finance Minister P. Chidambaram reiterates clarity in tax laws, a stable tax regime, a non-adversarial tax administration and a fair mechanism for dispute resolution.

Union Budget: No changes in Income Tax rates or slabs

February 28, 2013 at 1:23 PM

New Delhi, Feb. 28 (ANI): Finance Minister P. Chidambaram, who presented the Union Budget for 2013-14 in Parliament, on Thursday said there is no changes in Income Tax rates or slabs, Rs 2000 credit for those earning up to Rs. 5 lakh per annum.

Highlights of Union Budget 2013-14 (Part-IV)

February 28, 2013 at 12:59 PM

New Delhi, Feb 28 (ANI): Union Finance Minister P. Chidambaram on Thursday presented the Union Budget for fiscal 2013-14 in Parliament today.

Highlights of Union Budget 2013-14 (Part-II)

February 28, 2013 at 12:43 PM

New Delhi, Feb 28 (ANI): Union Finance Minister P. Chidambaram on Thursday presented the Union Budget for fiscal 2013-14 in Parliament today.

New Zealand government to boost capital markets

February 27, 2013 at 1:55 PM

Wellington, Feb 27 (IANS) The New Zealand government Wednesday announced it will commit a further 60 million NZ dollars ($49.46 million) to its venture capital program and take steps to reduce interest rates on debt in a bid to boost the capital markets.

World's tallest hotel 72-storey JW Marriott Marquis opens in Dubai

February 27, 2013 at 12:43 PM

Dubai, Feb. 27 (ANI): The JW Marriott brand has officially opened the 72-storey JW Marriott Marquis Dubai - which acquired the title of the tallest hotel from Guinness World Records in the world - on Tuesday.

SC sets up team to scan Radia tapes

February 21, 2013 at 9:38 PM

New Delhi, Feb 21 (IANS) The Supreme Court Thursday set up a six-member team to scan the transcripts of former corporate lobbyist Niira Radia's telephone intercepts to determine if there was any conversation pointing to moves that violated the law and warranted prosecution.

Bangalore court summons Mallya on Kingfisher tax dues

February 21, 2013 at 8:34 PM

Bangalore, Feb 21 (IANS) A special court here Thursday issued summons to the cash-strapped Kingfisher Airlines and its chairman Vijay Mallya in a criminal case related to non-remittance of tax deducted at source (TDS) to the government from salaries of its employees.