Due Date of E-Filing of Income Tax Returns for Assessment Year 2012-13 Extended up to 31st August, 2012.

   On consideration of the reports of disturbance of general life caused due to failure of power and further in consideration of the fact that the e-filing of returns for a specified category of individuals and HUF has been made mandatory, the Central Board of Direct Taxes (CBDT), in exercise of powers conferred under section 119 of the Income Tax Act, 1961, has extended the ‘due date’ of filing of returns of income for the Assessment Year 2012-13 to 31st August 2012. This has been done in respect of assesses who are liable to file such returns by 31st July 2012 as per provisions of section 139 of Income Tax Act, 1961 .

India Post Announces Special Discount of 6.5% on Gold Coins for Raksha Bandhan.

   For this Raksha Bandhan, India Post has announced a special discount of 6.5% on purchase of Gold coins.

   On 1st August 2012 any customer who buys gold from identified Post Offices in Delhi will get a special 6.5% discount of the day`s retail price on all denominations.This offer is available in all 31 Post Offices of Delhi indentified for the sale of Gold Coins.

All-India Consumer Price Index Numbers for Industrial Workers on Base 2001=100 for the Month of June 2012.

 

        All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of June, 2012 increased by 2 points and stood at 208 (two hundred eight).
        
          During June, 2012, the index recorded maximum increase of 8 points each in Mercara and Godavarikhani centres, 7 points in Puducherry centre, 5 points in Madurai, Howrah, Chennai, Lucknow and Warrangal centres, 4 points in 7 centres, 3 points in 13 centres, 2 points in 11 centres, 1 point in 18 centres. The index decreased by 2 points each in Ludhiana and Mysore centres and 1 point in 5 centres, while in the remaining 14 centres the index remained stationary.