Tag Archives: in

Possession Of House Delayed? Some Income Tax Relief in Budget

The Budget 2016-17 announced some relief to home buyers who were losing out on income tax benefits on home loan due to a delay in possession of their house. According to current tax laws, if possession of the house is received more than three years from the end of the financial year in which the housing loan was taken, then ... Read More »

IMF Pegs India Economic Growth Rate at 7.5% in 2016-17

India’s economic growth rate should pick up to 7.5 per cent in fiscal year 2016-17, the International Monetary Fund said on Wednesday, aided by a collapse in oil prices and relatively low exposure to current global financial turbulence. Summing up its latest review of Asia’s third-largest economy, the IMF forecasts that economic growth would pick up from 7.3 per cent ... Read More »

PF Tax: 25-Year-Old May Have To Pay Rs 56 lakh in Taxes on Retirement

Finance Minister Arun Jaitley’s Budget proposal to tax 60 per cent of Employee Provident Fund withdrawals has come in for huge criticism. EPF, a popular investment instrument for millions of salaried employees, has 3.7 crore subscribers. (Read) The proposal to tax EPF withdrawals, according to the tax bracket of employees, could set back employees by lakhs of rupee, according to ... Read More »

Why Arun Jaitley Mentioned Rahul Gandhi In His Budget Speech

Rahul Gandhi had written to Arun Jaitley asking for tax exemption on Braille paper (File photo) New Delhi: Presenting his Budget 2016, Finance Minister Arun Jaitley said today that he had accepted a suggestion from Rahul Gandhi, which led to smiles in the Opposition benches. The Congress Vice President had written to the Finance Minister asking for tax exemption on ... Read More »

Apple, FBI Clash in US Congress Over iPhone Encryption

The battle between the FBI and Apple over encryption moved to Congress on Tuesday, with both sides arguing security is at risk in the legal wrangling over accessing a locked iPhone. FBI chief James Comey defended his agency’s efforts to force Apple to help unlocking a iPhone in the San Bernardino attacks probe, saying that law enforcement’s job may be ... Read More »

India’s Mobile Phone Production Rises to 110 Million in 2015-16: Prasad

Mobile phone production in the country has more than doubled to 110 million in 2015-16 on the back of duty rationalisation announced in the previous Budget, Telecom Minister Ravi Shankar Prasad said Tuesday. The minister said 16 new mobile manufacturing units have been set up during the financial year. “In 2014-15, the mobile units manufactured in the country was 5.4 ... Read More »

Husband of San Bernardino Attack Victim Takes Apple’s Side in FBI Spat

A man whose wife was wounded during the San Bernardino attack has taken Apple’s side in its ongoing battle with the FBI over unlocking a iPhone used by one of the shooters. Salihin Kondoker the husband of Anies Kondoker, who was shot three times, but survived the attack at Inland Regional Center on December 2 that left 14 dead wrote ... Read More »

Android N’s Revamped Interface Spotted in Mock-Ups, Official Video

Soon after the first purported screenshots from Google’s next Android OS version made rounds on the Internet, we have more on our table offering new details about Android N. In the meanwhile, Google has released a video for its Maps app that may have revealed a major design change in the latest version of the operating system – no app ... Read More »

US Judicial Panel Members Consider Legal Brief in Apple Case: Reports

Members of the US House Judiciary Committee are considering filing a “friend of the court” brief in Apple Inc’s encryption dispute with the US government to argue that the case should be decided by Congress and not the courts, five sources familiar with the matter said. The sources cautioned that no final agreement had been reached on what would be ... Read More »

Judge Sides With Apple in NY Drug Probe iPhone Case

A US magistrate judge in New York ruled Monday that police overstepped the law when they called on Apple to unlock the iPhone of a suspected drug dealer. The ruling could signal Apple is on sound footing in a separate but similar battle with the US government over being forced to help crack into an iPhone used by one of ... Read More »