Bombay Shaving Company CEO Shantanu Deshpande highlights the alarming trend of people in their 40s losing their jobs, calling it a 'financial and emotional disaster.'
The form, introduced by the Central Board of Direct Taxes in April, is supposed to make filing tax returns easier.
Both corporate and individuals are liable to pay advance tax. But this liability arises only if the taxable income is Rs 10,000 after tax deducted at source.
The ministry of defence is considering converting the last British ship serving the Indian Navy into a self-sustaining aircraft carrier museum on the lines of the US Navy's Aircraft Carrier Museum.
Not doing so might mean a penalty, not being able to revise returns or carry forward losses and forfeiture of interest on refund
The Centre will grant Rs 500 crore for each of the smart cities.
Karnataka proposes to auction 15 of its Category-C mines to end-users.
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