Archive for August 2010

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Govt introduces direct tax bill in parliament

The Government today tabled the much-awaited Direct Taxes Code bill (DTC) in the Lok Sabha which proposed to raise the exemption limit on income tax from the current Rs 1.6 lakh to Rs. 2 lakh.
The bill, introduced by Finance Minister Pranab Mukherjee, seeks to widen income tax slabs to levy 10 per cent rate [...]

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Forgery case worth Rs 1 crore reported on SBI a/cs

It has been detected that amount worth Rs 1 crore has been withdrawn from different SBI accounts with the aid of false documents. The case has occured in the Mandi branch of the bank in Himachal Pradesh.The bank got to know about the case when customers complained about loss of cash from their accou…
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Appeal by Person Denying to Deduct Tax at Source

Where under an agreement or other arrangement, the tax deductible on any income is to be borne by the person by whom the income is payable, and such person is having paid such tax to the credit of Central Government, claims that no tax was required to be deducted on such income, he may [...]

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Appeal by Person Denying to Deduct Tax at Source:

Where under an agreement or other arrangement, the tax deductible on any income is to be borne by the person by whom the income is payable, and such person is having paid such tax to the credit of Central Government, claims that no tax was required to be deducted on such income, he may [...]

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LIC’s Jeevan Chhaya: Gives Shelter To Your Life -A Complete Review of Jeevan Chhaya

LIC’s Jeevan Chhaya is an Endowment Insurance policy that facilitates financial security against demise throughout the tenure of the life assured. Along with imbursement of Sum Assured instantly on casualty, one-fourth of Sum Assured is given at the completion of each of last four years of plan period whether the insured person dies or [...]

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RBI reports 19.73% credit growth of banks in 1 year

Banking regulator and monetary watchdog Reserve Bank of India has reported a growth by 19.73% in credit offtake by banks during the one year period which came to an end on July 30.The status one year back was 15.14% which indicates a commendable performance by banks this year. The credit offtake amo…
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