Enthused by a good tax collection in 2010-11 fiscal, India’s Central Board of Direct Taxes has fixed its collection target for 2011-12 at Rs.530,000 crore, its chairman said Tuesday. In 2010-11, we have achieved the budget target of Rs.446,000 crore. We had the original budget target of Rs.430,000 crore but we revised it to Rs.446,000 crore. We have set the budget target of Rs.530,000 crore for this fiscal, said CBDT chairman Sudhir Chandra, while addressing a press conference here.
The Central Bureau of Investigation has registered a case against some of the medical courses aspiring candidates for securing admission in Medical Colleges in India through All India Pre-Medical Test-2011 with the help of dummy candidates.
Telecom regulator Trai may soon get powers to summon persons and penalise operators for violating licence conditions, if the amended Act, which has proposed to give more teeth to the regulator, comes into effect. The Telecom Ministry is looking to give more powers to Trai, which will bring it on par with the Civil Courts or market regulatory body like Sebi by amending Trai”s act 1997.
Migrant workers and minorities are among groups that continue to face discrimination in the labour market as a result of the global economic crisis, despite positive advances in anti-discrimination laws, the United Nations International Labour Organization (ILO) said in a report unveiled today.
Reserve Bank Governor Duvvuri Subbarao today said April inflation at 8.66% was too high and stressed upon the central bank’s resolve to batten it down to a comfortable level, indicating that he will continue with the hawkish monetary stance.
Survey group Speak Asia Online (SAOL) today said it has worked for companies such as Bata, Nestle,Airtel, ICICI and ING Vysya but has not provided commissioned services to them amidst media reports that the company had falsely claimed them as their clients.
Dominique Strauss-Kahn’s reputation with women earned him the nickname “the great seducer,” and not even an affair with a subordinate could knock the International Monetary Fund leader off a political path pointed in the direction of the French presidency. All that changed with charges that he sexually assaulted a maid in his hotel room, a case that generated shock and revulsion, especially in his home country.
International Monetary Fund pays for all business-related hotel bills of its chief, but incumbent Dominique Strauss Kahn’s stay in a luxury suite of Sofitel here does not qualify for any such reimbursement. It was during his stay at this Sofitel hotel that Kahn, who was appointed IMF Managing Director in 2007 with a salary in excess of USD 5,00,000 per year, was accused of indulging in sexual assault on a chambermaid.
Discontinuation of the tax rebate scheme DEPB from June will make exports uncompetitive, thus affecting its growth momentum, industry body CII has said.Exporters get refund of duties on import content of their export products under which they have been given several extensions. It costs the exchequer about Rs 8,000 crore per annum.
Income Tax department on 16.05.2011 releases downloadable Online Income Tax Return Preparation / Filing Software- ITR-3 Applicable to Individual and HUF who are Partner in a Partnership firm and not having any other business Income except from the Interest and Remuneration from Partnership. You can download the same from the link given below. Before filing do read Instructions for filling out New Income Tax Return Form ITR-3 for assessment year 2011-2012. Those who do not wish to file online Return can use the manual excel form.
