"Income Tax e-returns may touch one crore for ay 2010-11” plus 1 more

Income Tax e-returns may touch one crore for ay 2010-11

Posted: 16 Jul 2010 07:35 AM PDT

The online filing of income tax returns could touch one crore-mark in the current financial year from 55 lakh in the last fiscal with the government making it mandatory for certain professionals and business entities as well apart from corporates. The finance ministry said that professionals, including doctors, lawyers and chartered accountants, earning over Rs 10 lakh annually will be required to file income tax returns electronically. Besides, all business entities and Hindu undivided...

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Diesel to get cheaper in Delhi by 6%

Posted: 16 Jul 2010 07:31 AM PDT

Delhi Chief Minister Sheila Dikshit announced on Friday tha the Value Added Tax on diesel will be reduced from the existing 20 percent to the previous 12.5 percent, effective from July 20. Talking to reporters in national capital New Delhi, Dikshit said the government has been losing revenue instead. "Tax on diesel will be reduced from current 20 percent to the previous 12.5 percent, and also the VAT (Value-Added Tax) which have been put on dry fruits, that will also come down to five...

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