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June 19, 2013
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Personal Finance
I-T dept to take action against officer who `leaked` info
The Income Tax department would initiate action against one of its officers who allegedly intimated the Managing Director of Riddhi Siddhi Bullion Ltd about searches conducted at his premises.
Latest News
FDI hike in insurance won't change industry much: CEO Survey
Contrary to the general perception that the private life insurers are in favour of 49 percent foreign direct investment (FDI) in the sector, a good number of head honchos are less enthusiastic about it, reveals an survey by US-based global actuarial firm Milliman.
Propsoal to hike FDI insurance: ICEU threatens strike
Insurance Corporation Employees' Union (ICEU) Wednesday threatened to go on nation-wide strike protesting against the government's proposal to increase foreign direct investments in insurance sector to 49 percent from present 26 percent.
Rs 57,000 crore tax refunds so far this fiscal: Chidambaram
Government has so far refunded Rs 57,000 crore tax claims this fiscal and the small income tax payers are getting preference in refunds, Finance Minister P Chidambaram said Wednesday.
Gross direct tax collection grows 7.14% in Apr-Nov
Gross direct tax collection rose by 7.14 percent in the April-November period of the current fiscal, as against an annual target of 15 percent, on account of slower corporate activity.
United India Insurance plans to enter Middle East, SAARC
United India Insurance Company plans to enter the Middle East and SAARC countries to tap the potential in these regions due to a presence of a large India diaspora, a top company executive has said.
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Tax Law & Rules
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Money Matters
Failure to deposit TDS on time will attract penalty
Failure to deposit timely and correct TDS or TCS will now attract a penalty ranging from Rs 200 to Rs one lakh.
SBI MF to acquire schemes of Daiwa MF
Though the company did not give the deal value, sources in the industry said it could be around Rs 2 crore.
I-T to scan salary slips of top executives for TDS
It is done to examine hidden tax opportunities in the perks and reimbursements made to them.
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Plan Comm punches holes into Gujarat's economic model
CBI registers fresh case in coal allocation scam
Coalgate: CBI to record statement of PM's Advisor TKA Nair
Huawei launches world's slimmest smartphone Ascend P6 at $600
Coalgate: CBI registers FIR against Naveen Jindal
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