I-T dept names and shames 24 defaulters owing Rs 490 crore in taxes

I-T dept names and shames 24 defaulters owing Rs 490 crore in taxes

The income taxdepartment on Thursday released a pan-India list of 24 defaulting individuals and companies who owe about Rs 490 crore in taxes to the exchequer but have either gone untraceable or have reported inadequate assets for payment of dues....
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Snap lays off 100 employees in latest round of downsizing

Snap lays off 100 employees in latest round of downsizing

Snap Inc. is cutting another set of employees, focusing this time on the advertising side of the business after earlier trimming staff in engineering and content. The cuts total around 100 workers, according to people familiar with the matter, and...
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Govt notifies new accounting standard that comes into effect on April 1

Govt notifies new accounting standard that comes into effect on April 1

Companies will have to adopt more detailed revenue recognition ways from April 1 as the government has notified a new accounting standard. The corporate affairs ministry has notified Indian Accounting Standard (Ind AS) 115 which would be effective from the...
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“Economy Was In Terrible Hands Under UPA”: Arun Jaitley

“Economy Was In Terrible Hands Under UPA”: Arun Jaitley

Arun Jaitley said the economy was in the hands of a “terrible doctor” under UPA. (File) NEW DELHI:  Finance Minister Arun Jaitley today slammed his predecessor P Chidambaram for being a know-all living under false illusion, and said the economy w...
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Health Insurance Scheme Will Be Implemented This Year, Says Arun Jaitley

Health Insurance Scheme Will Be Implemented This Year, Says Arun Jaitley

Arun Jaitley announced the healthcare scheme in the Union Budget 2018 NEW DELHI:  The National Health Protection Scheme under which Rs. 5 lakh medical insurance cover will be provided annually to 10 crore families, announced in the Union Budget 2018, will ...
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No Worries About Fiscal Slippages, Rising Oil Prices, Says Arun Jaitley

No Worries About Fiscal Slippages, Rising Oil Prices, Says Arun Jaitley

Assessment should not be made based on hypothetical situation concerning crude prices, said Mr Jaitley. New Delhi: Finance Minister Arun Jaitley today said the fiscal situation should be comfortable next financial year and there are no worries at the moment r...
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