The government sanctioned Rs 4,200 crore last month for upgradation of information technology infrastructure of Central Board of Direct Taxes for processing returns, refunds, faceless scrutiny and verification. The revenue department will put in place within two years a mechanism to ensure that all returns are processed within 24
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In a twist to the tale of two rival billionaire brothers in India, a bankruptcy filing by Anil Ambani's wireless carrier could have one clear winner -- his elder sibling's disruptive mobile phone unit. The process initiated Friday in Mumbai, once admitted by the court, would leave Ambani's Reliance Communications
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MUMBAI: The Reserve Bank of India (RBI) Tuesday said it has imposed a total penalty of Rs 2.2 crore on private sector lender Axis Bank NSE 1.25 % in two separate cases. A penalty of Rs 2 crore has also been imposed on UCO Bank NSE -2.43 % and
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As per the CSO, the GDP growth was 7.4 per cent in 2014-15 and 8 per cent in 2015-16. The CSO has estimated the Indian economy to expand at the rate of 8.2 per cent in the fiscal ending March 2019. NEW DELHI: Contradicting perception that notes ban
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Understanding the Union budget in its entirety is a difficult process as it involves complex terms, which are key indicators of the country’s financial performance. Finance Minister Piyush Goyal is all set to present the much-awaited interim budget on February 1, 2019. Like every year, the finance minister will
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