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Brushing aside China's reservations to its plans to develop infrastructure along the border, government today said it has every right to undertake such projects in Indian territory and no one can stop it. "We will do certain infrastructural activities which have not been done in the last 60 years. The Chinese should not have a problem with my statement.... They cannot stop me from doing my work," ...
New Delhi: As part of its efforts to boost revenue collection, the Central Board of Direct Taxes (CBDT) has asked the Income Tax Department to monitor cases of over five lakh taxpayers who have not filed their latest tax returns.The electronic database and systems unit of CBDT has issued an official communication in this regard to all Chief Commissioners of the department to initiate action.The department, ...
With gold imports on the rise again, officials of the revenue department and other government agencies feel the 80:20 scheme, wherein out of every 100 units imported, 20 units have to be exported, should be revamped. Several cases unearthed by agencies reveal that the scheme is being grossly misused by traders. Sources said the government is considering whether to do away with the scheme and fix a ...
Gold hit a four-year low on Friday owing to selling pressure from wary investors as indications of US economic growth revived the hopes for a rise in interest rates sooner than expected'. Amid indications of a recovery in the US economy, which was supported by the US Fed's move to withdraw its stimulus programme known as quantitative easing (QE) completely, traders offloaded their stocks. Gold fell ...
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