tax deduction

Stimulus package needed to revive economic growth: Adi Godrej


June 1st, 2012 - 7:40 pm ICT by IANS
New Delhi, June 1 (IANS) The Reserve Bank of India should cut key policy rates by at least one percent, and the government needs to come out with stimulus package ... Read more...

Posted in Business |

Government rolls back TDS on property sales (Lead)


May 7th, 2012 - 7:07 pm ICT by IANS
New Delhi, May 7 (IANS) The government Monday rolled back the proposed one percent tax deduction at source (TDS) on transfer of immovable property.Initiating the debate on the ... Read more...

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Government rolls bank TDS on property sales


May 7th, 2012 - 6:02 pm ICT by IANS
New Delhi, May 7 (IANS) The government Monday rolled back the proposed one percent tax deduction at source (TDS) on transfer of immovable property.Initiating the debate on the Finance ... Read more...

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Taj GVK net profit dips by 32 percent


April 30th, 2012 - 7:03 pm ICT by IANS
Hyderabad, April 30 (IANS) Hyderabad-based Taj GVK Hotels and Resorts Ltd, a joint venture between the GVK group and the Tata group's Indian Hotels Company Ltd, has reported a decline ... Read more...

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Raise depreciation rate to boost investment: CII


February 26th, 2012 - 11:31 am ICT by IANS
New Delhi, Feb 26 (IANS) The government should raise the depreciation rate for energy efficient technologies and plant and machinery to help companies go green and boost private investment, the ... Read more...

Posted in Business |

Obama proposes minimum tax on foreign profits


February 23rd, 2012 - 12:34 pm ICT by IANS
Washington, Feb 23 (IANS) In a bid to discourage American multinational companies from moving their assets abroad and parking their profits there, the Obama administration has proposed a new ... Read more...

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No tax returns on salaries up to Rs.5 lakh


June 23rd, 2011 - 6:43 pm ICT by IANS
New Delhi, June 23 (IANS) Employees who earn up to Rs.5 lakh need not file income tax returns from assessment year 2011-12, an official statement said Thursday.The Central Board ... Read more...

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Bajaj Auto net profit soars 163 percent


May 18th, 2011 - 4:56 pm ICT by IANS
Mumbai, May 18 (IANS) Boosted by an exceptional gain of Rs.827 crore, Bajaj Auto Wednesday reported an increase of 163 percent in its net profit for the fourth quarter of ... Read more...

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Chandigarh region records 38 percent income tax growth


May 18th, 2011 - 1:20 am ICT by IANS
Chandigarh, May 17 (IANS) The income tax collection in the Chandigarh region has grown by a whopping 38 percent against a national increase of 20 percent, a top official said ... Read more...

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Man wins his second lottery in Panama City


May 11th, 2011 - 10:55 pm ICT by Aishwarya Bhatt
Panama City, May 11 (THAINDIAN NEWS) A man defied massive odds when he won the lottery twice. A Florida man who picked up $3 million in winnings in November again won $10 ... Read more...

Posted in World News |

Three of the Worst Reasons to Buy a Home


October 11th, 2010 - 11:29 pm ICT by Angela Kaye Mason
Oct 11 (THAINDIAN NEWS) There is advice from everywhere right now stating that this is a terrific time to buy a home. With the economy in a terrible slump, the price of ... Read more...

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Government to boost engineering goods exports: Sharma


September 10th, 2010 - 6:56 pm ICT by IANS
Bangalore, Sep 10 (IANS) The government is taking proactive measures to lower transaction costs and upgrade infrastructure to make Indian exports competitive, Commerce and Industry Minister Anand Sharma said Friday. "Creating an enabling ... Read more...

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Here’s how your pet pooch can help you save your taxes!


July 6th, 2010 - 7:12 pm ICT by ANI
Melbourne, July 6 (ANI): A new Australian Taxation Office (ATO) rule has provided tradesmen with the ability to claim a legitimate tax deduction on food and vet bills of pets used in ... Read more...

Posted in World |

AOL to sell social networking website Bebo


June 19th, 2010 - 4:00 pm ICT by ANI
Washington, June 19(ANI): American Internet services company AOL is all set to sell its social networking website Bebo for an undisclosed sum.AOL said that the deal with private investment firm Criterion ... Read more...

Posted in World |

Lenexa, Kansas, attorney sentenced for tax fraud


February 25th, 2010 - 1:23 am ICT by BNO News
KANSAS CITY, KANSAS (BNO NEWS) – An attorney, of Lenexa, Kansas, was sentenced to 4 years imprisonment for two counts of preparing false tax returns, U.S. Attorney Lanny Welch said on Wednesday.Scott ... Read more...

Posted in World News |

Pak NA committee summons Miandad to explain ‘hurdles’ in PCB functioning


January 27th, 2010 - 2:43 pm ICT by ANI
Islamabad, Jan.27 (ANI): Pakistan National Assembly's Standing Committee on Sports has asked Pakistan Cricket Board (PCB) Director General Javed Miandad to appear before it on February 3 and explain the 'hurdles and ... Read more...

Posted in Sports |

“Priceless” Miandad denies being paid one million salary by PCB


January 24th, 2010 - 3:05 pm ICT by ANI
Lahore, Jan.24 (ANI): Pakistan Cricket Board (PCB) Director General Javed Miandad has rebuffed PCB chairman Ijaz Butt's claim that he is being paid a hefty salary of one million rupees from the ... Read more...

Posted in Sports |

More tax deduction for those without permanent account number


January 20th, 2010 - 8:29 pm ICT by IANS
New Delhi, Jan 20 (IANS) Tax at source will be deducted at the highest level on income accruing to people without permanent account numbers, following a new notification Wednesday that takes effect ... Read more...

Posted in Business |

CII advocates incentives to boost savings, investments


January 16th, 2010 - 6:03 pm ICT by IANS
New Delhi, Jan 16 (IANS) The Confederation of Indian Industry (CII) has urged the government to offer tax incentives to companies that save energy and to individuals to encourage them to save ... Read more...

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Government asked to exempt NBFCs from tax at source


December 28th, 2009 - 6:16 pm ICT by IANS
New Delhi, Dec 28 (IANS) Non-banking finance companies (NBFCs) engaged in infrastructure financing should be exempted from tax deduction at source (TDS) on interest payment to asset financing NBFCs, an industry lobby ... Read more...

Posted in Business |

Tiger Woods May Face IRS Tax Charges


December 21st, 2009 - 9:20 pm ICT by GD
By Meena Kar Dec 21, (THAINDIAN NEWS) The celebrated golfer Tiger Woods, whose sexual scandals are making the news headlines, is facing a tough time these days. Eighteen mistresses have already revealed to ... Read more...

Posted in Sports |

CII calls for changes in tax deduction system


June 26th, 2009 - 2:45 pm ICT by IANS
New Delhi, June 26 (IANS) In the run up to the budget 2009-10, the Confederation of Indian Industry (CII) Friday called for changes in the tax deduction method, Tax Deducted at Source ... Read more...

Posted in Business |

Edelweiss Q4 profit up 121 percent


May 16th, 2008 - 3:03 pm ICT by admin
Mumbai May 16 (IANS) Domestic investment banking company Edelweiss Capital Ltd Friday reported a high net profit both for the last quarter and full year 2007-08, thanks to a strong growth of ... Read more...

Posted in Business |

Move to give push for corporate bonds: Chidambaram


March 28th, 2008 - 5:23 pm ICT by admin
Mumbai March 28 (IANS) After removing tax deduction at source on corporate bonds, the government now plans to allow repurchase options in such commercial paper, Finance Minister P. Chidambaram said Friday. "Repos ... Read more...

Posted in Business |

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