Calling it the biggest litigant in the entire Government, Finance Minister Pranab Mukherjee today asked the Income Tax Department to reexamine the way it handles tax disputes.
Speaking at the 150th anniversary of the Income Tax in India, the Finance Minister also exuded confidence that direct tax collections, hit by the global financial crisis in the [...]

Bellary is on fast track, coming up one of the largest steel plant in Karnatka by the world’s largest steel maker ArcelorMittal.
NRI billionaire L N Mittal-led ArcelorMittal has paid Rs 600 crore to the Karnataka government for land in Bellary, state Chief Minister B S Yeddyurappa said here today.
“ArcelorMittal’s plant is to come up [...]

A windfall awaits those looking for lucrative employment avenues with just four sectors –IT, telecom, banking and healthcare — expected to generate over five lakh jobs by March next year, experts said.
According to experts at various global consulting firms, financial year 2010-11 comes with huge job opportunities across sectors and different hierarchical levels in companies.
“Banking, [...]

Insurance companies Tata-AIG and Oriental Insurance will take a major hit on account of damage to the properties suffered at iconic Taj and Oberoi-Trident during the terrorist violence that ended earlier in the day.
Both the five-star hotels, which witnessed major casualties and excessive property loss during the past three days, were insured against terrorism and [...]

Telecom Regulatory Authority of India today issued a tariff order, prescribing rates for pay channels in CAS areas, fixing a ceiling on the maximum retail price at Rs five.
The ceiling on the maximum retail price of any pay channel whether new or existing would be Rs 5 per channel per subscriber per month (excluding taxes), [...]

India today said it will take up its objection to Pakistan limiting trade with New Delhi under the South Asia Free Trade Area at SAARC Ministerial Council meeting in October, but made it clear that tariff concessions offered to Islamabad would continue.
“SAARC Ministerial Council could be held in October. We would be raising the issue [...]

White House Chairman for Council on Environmental Quality James L Connaughton today said India should reduce its tariffs on imports of environmental goods and services below 15 per cent to facilitate the flow of technology.
“India should reduce its tariffs on imports of environmental goods and services from 15 per cent to facilitate the flow of [...]

Industry body Assocham has sought a review of MRTPC directive to Mahyco-Monsanto for revising royalty charges of its genetically modified Bt cotton seeds, saying this would affect farm and biotech industry.
“The order of MRTPC in this case is inappropriate and will be a setback to both the agricultural and bio-technology industry in India,” it [...]

Hello Members,
One of my clients is an architect & interior designer. He also comes under the category of “Construction Services”.
But while registering him with Service Tax Department we forgot to add the service of “Construction Service” and hence Certificate mentions only Architect & Interior Designer.
Since this was not noticed either by us nor by [...]

Fuelled by the Reserve Bank of India keeping interest rates stable, the benchmark sensex zoomed for the second day in a row to close at a new high of 11,821.57 points on fund-based buying.
Reserve Bank today kept the interest rates unchanged to sustain the investment boom, as it forecast a 7.5-8 per cent growth with [...]