Versace, Cavalli seek new partners in India; Longchamp shuts shop
High operating costs and soaring rentals are the bane of luxury retailers who have also noticed a 20-25% reduction in footfalls. The non-existant growth of luxury brands in India, according to experts, can be attributed to a confused strategy followed by brands. Experts say, luxury brands are selling old collection in India which is driving sales down.
How to calculate tax liability on LTCG accrued from selling gold?
An individual is required to pay tax either short term capital gains or lon...
With $78 billion, India still highest overseas remittance receiver
India continues remains the top recipient of remittances, with its diaspor...
How can I avail tax break on interest income earned on RD, monthly income schemes and NSC?
Under Section 80TTA, you can claim a deduction of up to Rs 10,000 on savings bank/post office deposits. Interest earned on post office RD and NSC is eligible for exemption under Section 80C within the overall limit of Rs 1.5 lakh in the years.
Income Tax department raids BMC contractors
IT said they had conducted search action in Mumbai and Surat on November 6 on entry providers and beneficiaries who have been engaged in execution of civil contracts mainly BMC.
CSCs to speed up enrollment under the farmer income support scheme-PM Kisan
So far only around 7 cr farmers have been enrolled in the PK-Kisan scheme against the target of 14 cr and the partnership with CSCs is expected to shore up that number. Farmers can visit nearby CSCs to get enrolled and avail the scheme’s benefit. CSCs have also been given the mandate to make any changes such as address or nominee in previous enrolment.
CBI, ED, I-T and police personnel carrying out 'Operation Kamal': Sanjay Raut on Maha tussle
While addressing a press conference Shiv Sena leader Sanjay Raut took potshots on BJP and said that there are four people involved in ‘Opera...
Raise Growth, Reduce Poverty: Time now to think of universal supplementary income to fight poverty
Basic income must be turned essentially into a supplemental income. One alternative to determine the required income supplement can be from the Rural Employment Guarantee Scheme. The total annual income supplement can be equivalent to 100 days of the wages prescribed under MGNREGA, equivalent to Rs 20,000 per year.
CBDT seeks to widen net for appointment of members, makes younger officers eligible for post
Till a couple of years ago, only officers of the rank of Principal Chief Commissioner of Income Tax (PCCIT) were eligible for being considered for appointment as Member, CBDT. CBDT, on November 11, sought to widen the catchment of officers by making eligible all officers of the rank of Principal Commissioner of Income Tax and above.
Transfer of surplus money from RBI in future to depend on income, expert panel suggestions: Nirmala Sitharaman
The surplus distribution policy of RBI is determined in accordance with section 47 of the RBI Act, 1934, Sitharaman said in a written reply to Lok Sabha.
How to invest Rs 40 lakh in mutual funds to get annual income and Rs 1 crore at the end of 15 years?
Our suggestion is that you invest 50% in quality equity funds such as Mirae Asset Largecap, Parag Parikh Long Term Equity and ICICI Pru Nifty Next 50. Keep the rest in liquid or ultra short-term funds and withdraw the money when needed.
Jamie Dimon laments income inequality, won’t assail CEO pay
“I think the wealthy have been getting wealthier too much, in many ways,” Dimon said.
Income Tax department raids onion traders from Lasalgaon
The raid comes amid ballooning onion prices which have touched Rs 80/kg to Rs 90/kg as incessant rainfall in Maharashtra, the top onion producing state of the country, has delayed harvest and also damaged the quality of the kharif crop. The average wholesale prices at Lasalgaon market have been ruling around Rs 45/kg.
Should you make space for bond ETFs in your fixed income portfolio?
While lower cost enhances the return potential of ETFs, absence of liquidity can effectively wipe out cost benefits. So if liquidity is sufficiently high, bond ETFs may be a good first stop for those looking to move from bank fixed deposits.
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