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The CBDT said it has noticed that taxpayers and professionals have not been able to keep up with the pace of change and hence wide gap has emerged between the initiatives undertaken by the department and the acceptance by the stakeholders.

Penal action if ITR 'drastically' changed: CBDT

Post demonetisation, some taxpayers may misuse provision in law to revise return filed by them.

14 Dec 2016 12:48 PM IST

The government last month said there were no plans to cut down coal production as the demand had already picked up.

Coal India tumbles over 3 pc in early trade

The PSU major had posted a consolidated net profit of Rs 2,654 crore in the corresponding period of the previous fiscal.

14 Dec 2016 12:44 PM IST

(Representational Image)

WPI inflation falls to 3.15 per cent in November

Retail inflation dropped last month to 3.63 per cent from 4.20 per cent in October.

14 Dec 2016 12:36 PM IST

It might seem logical that a single woman should have more gold to fall back on as she has to fend for herself. (Representational image)

Gold futures rise 0.15 pc on global cues

Gold is trading at Rs 27,576 per 10 grams.

14 Dec 2016 12:30 PM IST

S&P corporates and banks are likely to face short-term downside risk as the demonetisation-induced cash crunch will curtail GDP growth.

'Note ban, GST to disrupt cash based economy'

Rating agency S&P recently downgraded India's growth projection by 1 per cent to 6.9 per cent.

14 Dec 2016 12:15 PM IST

Old Rs 500 notes not acceptable from Dec 15 midnight

Old Rs 500 notes not acceptable from Dec 15 midnight

Post December 15, only banks will accept old Rs 500 notes only in the form of deposits.

14 Dec 2016 11:20 AM IST

Rupee stages mild recovery against dollar

Rupee stages mild recovery against dollar

Rupee makes jump to 9 paise to 67.45 against the dollar following fresh selling of the US currency.

14 Dec 2016 10:38 AM IST

Sensex rises by 39 points in early morning trade

Sensex rises by 39 points in early morning trade

The sensex made jump on the back of positive macroeconomic data and is waiting for outcome of the US Fed meeting.

14 Dec 2016 10:17 AM IST

Critics say the combination would shrink competition in the agricultural market, drive prices higher for farmers and consumers, and escalate damage to the environment.

Monsanto strikes deal to overtake Bayer

Shareholders approve $57 billion bid which would combine two of world's biggest agricultural companies.

14 Dec 2016 9:35 AM IST

IBM has reported that the active number of participants in its 401(k) pension plan fell to 84,350 last year

IBM pledge to hire and train workers in US

IBM intended to invest $1 billion in the training and development of US. employees over the next four years.

14 Dec 2016 9:24 AM IST

Qualcomm leads mobile chipset market globally with 37 per cent share.

Qualcomm says mobile banking apps not secured

Chipset maker said that applications in India are not using hardware level security.

14 Dec 2016 9:15 AM IST

New cyber theft acts confirmed: Swift

New cyber theft acts confirmed: Swift

Banks using the Swift network, which include both central banks and commercial banks, have been hit with a meaningful ...

14 Dec 2016 1:29 AM IST