Income Tax Return: This month, employers are scheduled to issue the Form 16 every year on or before June 15. Following this, salaried individuals can expedite the income tax return filing process. Form 16 is one of the several Form 16 is a crucial document that plays an instrumental role in filing income-tax returns (ITR), especially … Read more
The Reserve Bank of India (RBI) recently announced two tranches of the Sovereign Gold Bonds (SGB) scheme 2023-24. The SGB 2023-24 Series III will be open for subscription from December 18-22. The date of issuance for this SGB tranche is December 28. The second tranche of the Sovereign Gold Bonds scheme will be open for … Read more
Indian IT services provider Coforge Ltd’s fourth-quarter revenue and its revenue growth forecast for fiscal year 2024 were roughly in line with analysts estimates, in contrast to weaker-than-expected outlooks from its bigger peers. Coforge’s shares were up 1.4% in midday trading on Thursday, compared with a 0.8% rise in the Nifty IT index, while the … Read more
Fast moving consumer goods companies were the flavour of the week gone by, as investors added them to their cart in the hope of a rebound in rural consumption and easing profitability pressures. The S&P BSE FMCG index was the top sectoral performer with nearly 2% gains. The index scaled a lifetime high of 16779.73 … Read more
The Centre Thursday released two installments of tax devolution to states worth ?1.16 lakh crore. This is more than the normal monthly devolution of Rs 58,333 crore. The release of two installments is in line with Centre’s commitment to push developmental and capital expenditure by states, the finance ministry said. Source link
NEW DELHI: Ratings firm ICRA has cautioned that a dozen major state governments, which account for three-fourths of India’s GDP, may have to cut an aggregate Rs 2.5-2.7 lakh crore in their budgeted capital spending this fiscal year due to the pandemic-induced strain to their revenue. The aggregate debt of these states is set to … Read more