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Cadbury India under lens for alleged excise evasion
New Delhi, November 4
Confectionery firm Cadbury India Limited has come under the scanner of financial intelligence sleuths for alleged excise duty evasion of about Rs 100 crore. In an inquiry being conducted by the Department of Revenue, the firm was allegedly found to have wrongfully claimed 'area based exemption' for its new unit at Baddi in Himachal Pradesh, official sources said.

Tax Advice
Tax returns filing for pensioners
Q: I am a senior citizen retired on April 30, 1999 and received pension that was never taxable in the previous years. Following a high court order, my pension has been revised with effect from May 1, 1999. I shall be receiving arrears of Rs 260,000 this year. The amount will be between Rs 12,000-36,000 for the period 1999-2000 to 2012-2013. My pension for FY2012-13 will come to Rs 204,000. What can I do to save on taxes?

It was a pleasure to provide LTA services to the Consortium, its lenders, and the other strategic advisors, and contribute to bringing this project to a successful financial close.” Our TDD services are provided in the primary and secondary markets across Europe, India, Latin America, and North America through our coordinated international. You could claim LTA exemption in respect of any two journeys in a block of four years. The current block is 2010 to 2013. Say for example, you claim LTA exemption in 2010, then you could claim.

No case for lowering India's credit rating: PMEAC chief
Mumbai, November 4
The prime minister's key economic advisor has said that there is no case for lowering India's credit rating and the global agencies need to look at the international scenario before taking any rating action. 'The rating agencies also need to recognize the fact, we have taken some strong actions in the recent period ... therefore I believe the rating agencies don’t have a strong basis for reducing the rating of India,' PM’s Economic Advisory Council (PMEAC) chairman C. Rangarajan told PTI.

Lta Slot India Post

Stock-specific action to dictate markets this week
Mumbai, November 4
Equity markets are likely to see stock-specific action this week in view of earnings from a slew of blue chips, including Bharti Airtel, Tata Motors and SBI amid volatile trading due to global events, analysts say. Major corporate result announcements this week include Cipla, Tata Power, Reliance Infrastructure, Hindalco, Bharti Airtel, Tata Motors, Sun Pharmaceuticals Industries, ONGC, Ranbaxy, Tata Steel, Jindal Steel & Power, Coal India and SBI.

Growth to revive from FY14 on reforms impact: Morgan Stanley
New Delhi, November 4
India is expected to register a gradual recovery in growth rate in the next fiscal year helped by big-bang reforms and speeding up of farm growth output on account of base effect, Morgan Stanley has said in a report.

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Punjab to develop area specific industrial clusters
Gurgaon, November 4
Punjab Deputy Chief Minister Sukhbir Singh Badal said Sunday his state was all set to develop area specific industrial clusters depending on the strengths. Speaking at the Invest North conclave organized by CII, he pitched for developing the state as the next big industrial hub. He said Punjab aimed to attract at least Rs 1 lakh crore investments in the next four years.

Personal finance
The ins and outs of LTA benefits
There are two circumstances in which income tax exemption for leave travel assistance can be claimed - when you are continuing in your current job and proceed on leave to any place in India and when you travel to any place after you retire or are fired.
The whole objective of travel is not to set foot on foreign land - it is finally to set the foot on one's own country as a foreign land. - G.K. Chesterton
This quote sums up the importance and enjoyment of exploring your own country as a foreign land.

Lta Slot India Cricket

Family budget planning tools
We all are aware that on the last day of every February the finance minister presents budget in Parliament. The exercise is done months before and, on the budget day, minister makes it public, where the money has come from and how it is spent in the current year. The budget also tells us what the estimates are for the next financial year.