Author: Anurag Paliwal

You Can File Your Income Tax Returns Online. Know How!

31st July is advancing fast, and once again it’s time to focus on documents and call your tax consultant. Most of the individuals might take conventional method and have their chartered accountant deal with the procedures. However from this year, individuals with taxable income over INR 10 Lakh have no other option but to file their returns online through e-filing method. Others can also prefer this method. However, one does not need digital signature to manifest the tax return in such a case. E-filing with digital signatures is mandatory for the business amount of INR 1 crore and above, and INR 25 lakhs and above for professionals. From this year, e-filing is mandatory for the Hindu Undivided Families whose accounts have to be audited under section 44AB of the Income Tax Act. Here we are up with the simple steps to assure a hassle free return: 1. We need to start by logging on to this website especially developed by the Income Tax department for this purpose. Get the help of your Pancard to register yourself. Your PAN card number will act as User Id in that case. 2. After this we need to download particular ITR from for the individuals. For this go to the ‘Downloads’ tab and select the particular form for the current assessment year is 2012-13. 3. Now open the downloaded Microsoft Excel file and fill up...

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India To Boost Up Economic Relations With Cuba.

India is looking forward to enhance economic relations and increase investments with oil-rich Cuba, as both the countries share “excellent” political relations, said External Affairs Minister Mr. S.M.Krishna on his official visit to Havana (cuba). As Ricardo Alarcon, the speaker of Cuba’s National Assembly, termed it as “a Historical visit”, Krishna said Indian hearts have a very special place for Cubans. “Cuba is willing to cooperate with India in the areas of sports, bio-technology and pharmaceuticals, and will highly promote India to build partnership in hydrocarbons and oil exploration sectors,” said the Cuban Foreign Minister, Bruno Rodríguez, expressing his country’s eagerness to cooperate with India in a range of various fields, including hydrocarbon exploration. “I’m really impressed with the things going on in Cuba”, said the Indian Minister on national television, and with that sense, he announced that Jyotiraditya Scindia, India’s commerce and industry minister, will travel to Cuba to “open new horizons” in bilateral economic cooperation. S.M.Krishna referred this meeting as “Productive Exchange” and also issued an invitation to Rodríguez to visit India next...

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The President Is Coming!

President poll 2012 looks as a sweep through for Mr. Pranab Mukharjee, as the ruling party, UPA, announced him as their official candidate for the post of president. But this time president polls will hold much significance because if UPA doesn’t get its candidate elected as President, the Government is not going to survive. And it will prove control of Mrs. Sonia Gandhi over UPA. Soniya Gandhi, the supreme authority in UPA had dictated everyone with her choice of Pranab Mukherjee until her allies Mamta Banerjee and Mulayam Singh Yadav were ready with the list of their own choices – Dr. Manmohan Singh, former Lok Sabha speaker Somnath Chaterjee, and former President Dr. APJ Abdul Kalam. It will be very difficult and very inauspicious if UPA had to force this duo. And if Congress needs to give in, it will greatly damage the political system. Both want their respective states to get benefited from the centre. But it took a while to understand why they put Dr. Manmohan Singh’s name on their list, and why did the Prime Minister firmly refused this option within hours. This is the first time when Mulayam Singh Yadav and Mamta Banerjee partnership has an impact on Indian politics. Clearly their first objective is to make UPA a yesterday’s story and to win nearly 60-70 seats in 2013 elections and with the axis of...

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India Intensifies Its Military Engagement With China.

Hinting its disapproval in the recently-announced US strategy for Asia, India is intensifying the military engagement with China. INS Rana, Shivalik, Karmukh and Shakti are the four Indian warships of the Indian Navy’s Eastern fade on Wednesday got into the port of China’s chief commercial hub Shanghai on a trip. The ships had harbored accompanying an Indo-Japan naval maritime trial. The Indian Navy is also stationing four ships on a deployment from abroad to west Asia and Europe, to project its “blue water” capabilities of long-range deployment. One more naval ship INS Savitri will be stationed for two months to carry out the surveillance of the Exclusive Economic Zones (EEZs) of Seychelles and Mauritius as asked by the governments of the two countries. Having major differences with the chinese policies, India is in favour of resolving the issues two-sided without depending on American force projection to strong-arm China. As an attempt to corner china, US had just announced a suggested fleet enhancement in the Asia-Pacific region in the coming decade that was seen in some quarters. The sources confirmed the stationing of another four ships towards West Asia and Europe could see the ships dock at ports in Saudi Arabia, Israel, Spain, France and...

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This Day In History- June 14

2007- India’s governing coalition, UPA-I chose Pratibha Patil, the then governor of Rajashtan, as its presidential candidate, setting the stage for her to become the first female president of India. Her candidature was agreed upon after Left parties did not favor former Home minister Shivraj Patil’s...

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