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Saturday, July 27, 2019

GST Council just gave India's EV plans a big push

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THE ECONOMIC TIMES
Sat, Jul 27, 2019 | 04:56 PM IST

Daily Newsletter

GST Council just gave India's EV plans the big push it needed

The GST Council slashed the tax on EVs to 5 per cent from 12 per cent effective August 1, 2019.

India a $5 tn economy? Data may hold the key

The national data system is the mortar on which the scaffolding of the Indian economy will rest. ...

ICICI Bank reports Q1 profit at Rs 1,908 crore

Net interest income (NII) for the quarter rose 27 per cent to Rs 7,737 crore...

Income tax return filing: Your step by step guide

To file ITR, you must first register yourself on the e-filing website of the income tax department.

Ayushman Bharat at the cost of primary care?
Modi government gives funding boost to Ayushman Bharat, ignores other healthcare schemes
More From our Partners
Why you should be aware of double tax avoidance treaties?
India and China signed a protocol on Double Taxation Avoidance Agreement (DTAA) to avoid taxing individuals and companies twice for the same earning and also to prevent tax evasion. DTAA is an international tax agreement between two or more countries.
FEATURED STORIES
Buying a new petrol or diesel car in India might get more expensive Buying a new petrol or diesel car in India might get more expensive
You may soon have to shell out Rs 5,000 instead of Rs 600 for registering your new petrol or diesel car....read more
Apple may have recorded your interactions with Siri » 
Government to kick off 7th economic census from Monday » 
More From our Partners
Delhi to host Workspace Efficiency Summit on July 25

The Workspace Efficiency Summit is scheduled to be held on 25 July 2019 at Taj Mahal Hotel in New Delhi.

Sentiment-based selling on Sensex, Nifty likely in August Sentiment-based selling on Sensex, Nifty likely in August...
Kunal Bothra, Independent analyst
Market Watch 27 Jul | 04:56PM|
SENSEX NIFTY USD/INR GOLD
37882.79
51.81
11284.30
32.15
68.89
-0.16
34774.00
-43.00
MARKET NEWS
Too much pessimism suggests a short-term rally is in the offing

Liquidity infusion has taken a hit as the govt plans to raise $10 bn offshore bonds....

D-Street week ahead: Pullback remains overdue; avoid shorts

The 11,171 level is in the proximity of the 200-day moving average, which stands at 11,135....

Gainers Losers 27 Jul, 2019, 04:56PM IST, PTI|View All
Company Name Live Price Change (%) Volume High Low
Yes Bank 96.10 9.64 12249908 96.9 87.1
Graphite India 320.00 9.12 530593 322.5 285.05
IDFC First Bank 42.40 8.72 2844080 42.9 38.55
HEG 1038.75 8.41 151737 1048.5 963.0
Rain Industries Ltd 97.05 8.38 226681 99.0 88.6
MORE LINKS:Gainers|Losers|Movers|Only Buyers|Only Sellers|Surging Volumes|Indices
FEATURED SLIDESHOW
Soon you can send money on Whatsapp
Soon you can send money on Whatsapp
The great Indian train rescue mission
The great Indian train rescue mission
End of the road for fuel engines
End of the road for fuel engines
Why you shouldn't delay investing in MF
Why you shouldn't delay investing in MF
More Slideshows
FROM THE NEWSPAPER
The weatherman has a grim warning for you

Short bursts of heavy rains new norm, cities not equipped to deal with deluge, says IMD head....

A pact that could alter IndiGo's flight path

Bhatia & Gangwal could sell their shares to any suitor and AoA needs to be tweaked to reflect expiry of agreement....

Behind the exit everyone's talking about

Former finance secretary Subhash Chandra Garg said the VRS proposal was sent much before the transfer order....

Mallya Case: It's retired Indian judge vs judge

The dispute over which the two judges had given expert views was whether an order passed by the Debt Recovery Tribuna...

WhatsApp responds to Modi govt's message

The message traceability issue has been a thorny one between India and WhatsApp for over a year now....

VIDEOS
Watch: Aerials shots of rescue operation
ET More NewsletterWatch: Aerials shots of rescue operation
GST rate on EVs cut from 12% to 5 %
ET More NewsletterGST rate on EVs cut from 12% to 5 %
'J&K political problem, not military one'
ET More Newsletter'J&K political problem, not military one'
First drive: 2019 BMW 730Ld DPE Signature
ET More NewsletterFirst drive: 2019 BMW 730Ld DPE Signature
More Videos
ET PANACHE
Have you tried it yet? Microsoft unveils chat-based UI for Cortana on Windows 10
Have you tried it yet? Microsoft unveils chat-based UI for Cortana on Windows 10
Kangana, Rangoli absent from court in defamation case filed by Aditya Pancholi; hearing deferred to August 22
Kangana, Rangoli absent from court in defamation case filed by Aditya Pancholi; hearing deferred to August 22
Anurag Kashyap gets death threat after signing lynching letter; Mumbai Police forwards details to cyber cell
Anurag Kashyap gets death threat after signing lynching letter; Mumbai Police forwards details to cyber cell
Noise Tune Duo review: Doesn't score high on design; audio quality is the saving grace
Noise Tune Duo review: Doesn't score high on design; audio quality is the saving grace
Read more from Panache
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ITR filing deadline extended to Aug 31: Use the extra time & this guide to file it right

THE ECONOMIC TIMES
Sat, Jul 27, 2019 | 11:51 AM IST

ITR filing guide

Prefilled ITRs now available for all individuals Prefilled ITRs now available for all individuals
According to the latest update, the department has started providing pre-filled XML file containing details such as employer details, allowances and so on.
Tips for a smooth income tax return filing experience

Taxpayers should keep in mind these tips to avoid penalties and ensure a smooth return filing process.

ITR filing: How to report income from investments ITR filing: How to report income from investments
Nearly all taxpayers have income from other sources but few declare. Find out how to report such incomes.
How to file ITR-1 online

Individuals can file ITR-1 either by downloading excel utility from e-filing website or by 'Prepare and Submit Online' option without downloading any software.

Income tax return forms 2 and 5 updated again Income tax return forms 2 and 5 updated again
As per a notice on the e-filing website, ITR-2 & ITR-5 utilities have been modified to fix bugs.
ITR filing: Pre-validate your bank account to claim refund

The income tax department has tweaked the process of claiming the tax refund from this year.

Deadline to file ITR for FY2018-19 extended Deadline to file ITR for FY2018-19 extended
Usually, the deadline to file the income tax returns by individuals and HUFs is July 31.
Don't make these mistakes to avoid getting tax notice

Find out what you should do to avoid getting a notice for small errors on income tax returns.

How to get tax e-refund How to get tax e-refund
It is important for the assessee to first link the PAN to the bank account to be able to prevalidate the bank account.
ITR filing: Made a mistake? Here's how you can correct it

Section 139(5) of the I-T Act states that after filing their return, if someone discovers any omission or wrong statement, he can furnish a revised return.

10 reasons you may get an income tax notice 10 reasons you may get an income tax notice
You may anytime come under the taxman's lens. Here are 10 reasons taxpayers can get an income tax notice.
Penalty for missing ITR filing deadline and who won't pay

If you are a small taxpayer whose gross total income does not exceed Rs 5 lakh then the maximum fees you are liable to pay is Rs 1,000.

Traded in F&O? Use ITR-3 or ITR-4 to file tax return Traded in F&O? Use ITR-3 or ITR-4 to file tax return
Even salaried individuals have to file their tax returns in ITR 3 if they have traded in futures and options.
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Friday, July 26, 2019

RBI Governor Das' key concern | What saved the day for Maruti Suzuki | All you need to know about Affle IPO

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DAILY BRIEF

Fri, Jul 26, 2019

#Q1Results#SmallcapHunters#IPOs#ExpertViews#StockRecos
TOP OF THE DAY
RBI Governor Das wary of trade wars, backs high forex reserves
Das also called for better understanding of the nature of shocks which emerging economies face.
Maruti Suzuki Q1 profit falls 27%, but beats estimates; 5 key takeaways
Mutual funds lapped up financials, IT among largecaps in June
Bearish candle on weekly charts shows bulls low on confidence
D-St veteran bitten by dodgy firms says market shift in the works
Howard Marks' tips to make money in a low interest world
Vodafone Idea Q1 loss widens to ​Rs 4,908 crore QoQ; margins expand

Top Gainers

NSE
4 companies (largecap) appreciated more than 5%
YES Bank 9.58%
Bajaj Finance 7.16%
More from Gainers

Top Losers

NSE
4 companies (largecap) price decreased more than -3%
Idea Cellular -4.64%
Vedanta -4.29%
More from Losers

52 Week High

NSE
8 companies touched new 52-week high today
FCS Software 11.11%
Varun Beverages Ltd. 5.50%
More from 52 Week High
AdvertorialNegotiation strategies for women for a higher salary
AdvertorialUnderstanding the perks and woes of business travel
'Samudra Manthan' in progress on Dalal Street, says top broker
The good will eventually get separated from the bad, says Dhiraj Relli.
F&O: Option data points to wider Nifty range at 11,000-11,650
PNB posts surprise Rs 1,019 crore profit in Q1 as provisions plunge 65% YoY
After Market: PNB, YES Bank rally up to 10%; 74 stocks ready to rise
RECOMMENDATIONS
Hindustan Zinc Ltd. Sell
Reliance Industries Ltd. Sell
UPL Ltd. Sell
Bharat Petroleum Corporation Ltd. Sell
Vedanta Ltd. Buy
Bajaj Auto's margins contract in Q1; key takeaways
Margins took a beating, falling to 16.1 per cent from 18.3 per cent.
Why Siddharth Sedani prefers SBI and BoB to PNB
Affle IPO: Everything you need to know
Why Sandip Sabharwal still says no to Yes Bank
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