Cos to pass on hike in customs duty as inflationary pressures and Covid-19 disruption weigh. Apple has already raised prices of some iPhone models such as iPhone 11 Pro, 11 Pro Max and iPhone 8 by Rs 600 to Rs 1,300 to offset the proposed increase in duties while sportswear brand Puma India will increase prices by 10% from April.
A high-level government committee, which submitted its report to the Department of Pharmaceuticals (DoP) last week, reviewed 54 drugs and said that out of these, 34 have no alternative. Out of the 54, it classified 32 as critical and essential, 15 as noncritical and essential and seven drugs as essential.
The ITRs of AY 2019-20 can be submitted up to March 31, 2020, and hence this number is expected to go up further. The income tax department has also identified 15.58 lakh non-filers of ITRs with potential tax liability for Assessment Year 2018-19, 38.81 lakh for 2017-18 and 32 lakh for 2016-17 through the non-Filers Monitoring System (NMS).
StAR MF's current SIP book size is 37.52 lakh amounting to Rs 1,078.7 crore.
The government in the budget 2017 had introduced a law making mandatory for every individual having PAN to link with Aadhaar. Here are 3 ways to do it.
Investment made at a time when VIX is on a high typically made more money relative to a ‘timing-agnostic’ investment approach
If you do not link your PAN with Aadhaar by March 31, then your PAN will become inoperative from April 1.Central Board of Direct Taxes (CBDT), through a February 13, 2020 notification, had said that a PAN not linked with Aadhaar by March 31, 2020 will become inoperative.
Fund managers said that passive money is flying away from emerging markets.
“People say there should be one or two slabs but that would be highly inequitable... Rates would have to be steep if we have one or two slabs. The income tax structure has to be progressive,” Ajay Bhushan Pandey told ET. “We studied slabs in developing countries, developed countries, neighbouring countries before these were worked out.”
No exit load would be charged, if up to 25 per cent of the units are redeemed or withdrawn by way of SWP within 365 days from the date of allotment.
Speculations are rife that the interest rate on EPF may be lowered to 8.5% for the current fiscal, a tad lower than 8.65% provided for 2018-19. As per sources, the agenda for the CBT meeting has not yet been finalised and it is difficult to predict EPFO's income projections for the current fiscal, which will be the basis for fixing the rate.
Here's a weekly tracker of returns that will keep you updated on how the stock market index, gold prices and 10-year bond yields have performed. This will give investors an idea of how their investments performed over a long period.
The Asset Liability Management Committee (ALCO) of Allahabad Bank on Saturday announced a cut of up to 40 basis points in interest rate on external benchmark-linked products.