It is now mandatory for individuals with income of Rs. 5 lakh or more to e-file their income-tax returns. Here is a  guide to the process.   INCOME FROM SALARY   If you are a salaried employee and have income from no other sources, you need these documents:   Form 16: Most of you would have received or would soon get your Form 16 for 2012-13 from your employer. This is a financial statement that details your income and taxes paid during the year. If you who have changed jobs, you will have multiple Form 16s given by your current and previous employers.   Form 12 BA: This statement is given only to those employees whose salary packages come bundled wit

Irrespective of the reason, it is imperative to manage your finances efficiently when you relocate to a foreign country.   The following are some tips to manage your finances while relocating to a foreign country.   Secure your financial data One of the biggest worries when you move to another country is the safety and security of your financial data. This includes safekeeping of your credit cards, usernames, passwords and PINs. Also remember to keep this information handy when you reach the new country to help you have instant online access to your accounts. Disable the option of receiving physical copies of bank statements and credit card statements at your local address

General Motors Co fired several employees after an internal probe into a recent recall of its Chevrolet Tavera sport-utility vehicle in India uncovered "violations of company policy," the U.S. automaker said on Friday.   "We take these matters very seriously and hold our leaders and employees to high standards," GM said in a statement. "When those standards are not met, we will take the appropriate action to hold employees accountable."   GM declined to provide more details. Automotive News reported that Sam Winegarden, GM's vice president for global engine engineering, was dismissed this week along with about 10 other GM powertrain employe

Global retail giant, Starbucks has said that it has recorded a 30 per cent in revenues from its Asia-Pacific region, indicating that the region is becoming a major market for the company.

The Seattle-based coffee giant said that the growth is due to 500 new stores openings in China in the previous year and the company is planning to expand further in the country. It said that it is planning to open the doors to its thousandth store in China within this year, indicating that the company is foreseeing huge growth prospects in China.
The company already has presence in Beijing and Shanghai and it is now looking to enter the smaller cities. Starbucks said that China w

According to the latest data released, the consumer sentiment in the US has touched its highest level since July 2007 inciting that the economy is on the path of a stable recovery.

The Reuter's/University of Michigan consumer sentiment index rose 85.1 in July compared to 83.9 in June. The rating of 85.1 is highest for the month since July of 2007 indicating that the US consumers will increase spending during the coming months and boost economic growth in the US economy this year.

Increasing housing prices and a stable recovery in the jobs market has increased household wealth and income in the world's largest economy. The survey showed that the num

Global beverage giant, PepsiCo Inc has said that it will no longer brand its Naked juices as being "all natural" following a lawsuit challenging the move against the company.   The lawsuit against the company based in Purchase, N. Y, claimed that the drinks contain ingredients that cannot be branded as natural. Pepsi has also agreed to pay $9 million to settle the lawsuit after admitting that it uses boost of vitamins in some drinks.   The lawsuit alleged that the company is suing synthetic ingredients, including a fiber made by Archer Daniels Midland in the drinks. The company has not confirmed if it uses these ingredients in its juices. The company said that it

The top eight cities have added just short of 5 per cent to their total mall supply in the first six months of 2013. This is a strong number considering each square foot of this addition is made more costly by the sluggish pace of growth in consumer purchase. Jaideep Wahi, director, retail agency, Cushman & Wakefield India says, "The total mall supply has risen by 2.9 million square feet added during first half of 2013 adding to the total stock at 65. 9 msf across eight major cities."   Wahi and other analysts, however, are being cautious. With the announcement of the liberalisation of foreign direct investment (FDI) rules for both single and multi brand retail, 2013 s

India is in talks to export natural gas to Pakistan through a pipeline from Punjab to help the country overcome crippling energy shortage.   State gas utility GAIL has proposed to lay a 110-km pipeline from Jalandhar to Wagah border via Amritsar to supply natural gas to Pakistan, company Chairman and Managing Director B C Tripathi told reporters here.   Gas in its liquid form (liquefied natural gas or LNG) will be imported at ports in Gujarat and moved through GAIL's existing pipeline network till Jalandhar. It will then be moved through the proposed line.   "Pakistan has evinced interest in taking LNG from us to meet its energy demand," he said. &quo

Seoul, July 25 : South Korea's gross domestic product (GDP) growth accelerated to 1.1 percent in the second quarter from the prior quarter as a turnaround in private consumption relieved a weak facility investment, central bank data showed Thursday.   Real GDP, the broadest measure of economic performance, expanded 1.1 percent in the second quarter from three months earlier after gaining 0.8 percent in the previous quarter, according to the Bank of Korea (BOK).   The reading was the highest since 1.3 percent tallied in the first quarter of 2011, beating market consensus of 0.8 percent. The economy eventually escaped from the eighth straight quarter of zero-percent growt

New Delhi, July 25 : German luxury automobile manufacturer Mercedes-Benz Thursday launched its sports sedan car E 63 AMG priced at Rs. 1.29 crore (ex-showroom Delhi).   "With this launch, we now have a very unique and broad range of product offering in India," Eberhard Kern, managing director and chief executive, Mercedes-Benz India, told IANS.   "We have gone ahead and launched various new products this year. We have been getting a very good response from the customers."   The luxury automobile manufacturer has earmarked the current year for product offensive, as it has launched new segments like A-Class, B-Class and executive sedan E-Class.

Falling for the second straight day, the S&P BSE benchmark Sensex today slid 286 points to end below the crucial 20,000 level on heavy losses in ITC, RIL, HUL and ICICI Bank shares, amid investors adopting a cautious stance on monthly derivatives expiry.   Weak global cues and concerns related to recent RBI liquidity tightening moves also weighed on sentiments as the 30-share index closed at its lowest levels in two weeks.   The Sensex, which had lost 211.45 points in the previous session, fell further by 285.92 points, or 1.42 per cent to 19,804.76, a level last seen on July 16.   On similar lines, the wide-based National Stock Exchange index Nifty tumbled by

The Central Board of Excise and Customs (CBEC) today said that manufacturers of sedan cars, including Maruti SX4, Honda Civic and Toyota Corolla Altis, will not have to pay excise duty at the higher rate of 30 per cent levied on SUVs. This clarification will bring huge relief to the car manufacturers struggling with the contracting auto sales for the last few months.   The clarification was called given the confusion arising after the budget announcement 2013-14 which said that vehicles with engine capacity of over 1,500 cc, length exceeding 4,000 mm and ground clearance above 170 mm will have to pay tax at 30 per cent while large segment cars will continue to pay excise at 27 per c

Samsung Electronics has introduced two new premium models in its floor standing Q9000 air conditioner series.   Q9000 is the world's first air conditioner that uses jet engine technology and three spiral airflows to cool the air faster than any other conventional air conditioner unit, Samsung said ia statement.   Of the two models in series, one offers only cooling, while the other offers the advantage of composite heating and cooling (climate control).   The ACa also have a soft touch premium control panel that allows personalised setting through touch buttons. When the air conditioner is switched off, the fan vents are sealed completely preventing dust from e

Job Search   job title, keywords, company, location jobs by Wal-Mart's India operations have been stalled due to sourcing restrictions, but the world's largest retailer has got no reassurance from the government with the ruling Congress declaring: "If Wal-Mart goes, other 'marts' will come."

"Why should the government think about it? The government has not made the policy for one business house. It's a national policy in an open world. If Walmart has gone, more marts are there, they will come" Congress spokesperson Raj Babbar said, after Wal-Mart said i

New Delhi: Weeks after his group firm applied for a bank licence from RBI, Kumar Mangalam Birla Tuesday said he has resigned from the Board of the central bank to avoid any conflict of interest.   "I have resined from RBI Board 4-5 days ago. So, there is no conflict of interest now," Birla said here.   Birla was a nominated as a member of the Directors of the Central Board of the RBI in 2006.   His group firm Aditya Birla Nuvo is among 26 entities that have applied for a bank licence. The last date for applying for a bank licence expired on July 1.   With Birla continued to be on the Board of RBI even after his group firm applied for a licence.

The thread of Rakhi is not less than a safe chain which promises to protect the brothers from every forthcoming problem. Women of our country tie this auspicious thread on the wrist of soldiers and Prime ministers to declare them as their brothers and protectors. In schools also girl child tie Rakhi on the wrist of boys to make them brothers and this ceremony incept the feeling of respect towards women. It is very important for all people to learn that women are meant to respect and this society is incomplete without them. Raksha Bandhan signifies the immemorial love between a brother and sister. It is befalling on the 21st of August, exactly one week after Independence Day which is goi

According to a new study, the UK has a much larger digital economy contributing to the overall economy, than believed by the government in the country.   The new study by the National Institute of Economic and Social Research (NIESR) said that the digital economy is about 40 per cent larger than previously believed. It found that there were a total of about 270,000 digital companies in the UK compared to only about 188,000 estimated by the government.   The study said that the government still follows a decades old classification system that excludes companies in business and domestic software, architecture, engineering and technical consulting from the overall digital econ

Mumbai: The BSE benchmark Sensex surged over 173 points in early trade Tuesday extending gains for the fourth straight session on sustained buying by funds amid a firm trend on other Asian bourses.   The 30-share index, which had gained nearly 308 points in the previous three sessions, rose further by 173.38 points, or 0.86 percent, to 20,332.50 with stocks of banking, IT and sectors leading the rise.   The National Stock Exchange index Nifty gained 51.20 points, or 0.85 percent, to 6,083.00.   Brokers said sustained buying by funds amid a firming trend in other Asian bourses after weak US data raised the likelihood that the Federal Reserve would keep its stimulus

New Delhi: Gold prices in futures trade retraced Rs 27,000- per ten grams level by spurting Rs 367 to Rs 27,072 per ten grams in first hour of trade Monday as market players enlarged their positions amid a firming global trend.   At the Multi Commodity Exchange (MCX), gold for delivery in August spurted by Rs 367 to Rs 27,072 per ten grams against its previous close of Rs 26,712.   Similarly, silver for delivery in September jumped by Rs 696 to Rs 41,050 per kg compared to Rs 40,344 on Saturday.   'Not wise to invest in gold at current level'   Gold price in overseas markets, rose nearly 1.5 percent to its highest level in a month today as the US d

Environmental degradation is costing Indian economy nearly Rs 3.75 lakh crores annually, which is equivalent to 5.7 per cent of country's gross domestic product (GDP), according to a fresh report by the World Bank.   The World Bank report, released on Wednesday, air pollution in India's urban areas is claiming as many as 1.09 lakh lives of adults, and another 7,513 lives of children below five years per year.   While outdoor air pollution accounts for 29 per cent of deaths, indoor air pollution and cropland degradation are responsible for 23 per cent and 19 per cent, respectively. Water supply & sanitation for 14 per cent, while pasture and forest degradation fo