« Top Headlines » Open DEMAT Account in 24 hrs  How are e-filing and e-payment of taxes different? Know details here  Income Tax return (ITR) filing 2024: What is Form 16, when is issue date and why is it crucial? Explained  Step-by-Step Guide To File Income Tax Return FY 2023-24  Income-tax filing: Should you file your returns in April or wait until July 31?  ITR Filing: 6 Ways to Get Exemption on Income Tax  Income Tax Return Filing: 10 Mistakes To Avoid When Filing ITR For AY 2024-25  Old vs New Tax Regime: Who should move to the New Tax Regime from the old one?  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here  Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime «  Securities scam: IT dept moves SC against SBI... Co-opt the young into tax base for high revenues... » Entry for 4,500 LDC items to be tax-free November, 23rd 2007 India will allow tax-free import of over 4,500 items from neighbouring Bangladesh, Nepal, Maldives and Bhutan from January 2008, a year before it was scheduled to eliminate taxes for least-developed countries under the South Asia Free Trade Agreement (Safta). Prime Minister Manmohan Singh has also directed the commerce department to examine if the negative list of 744 items (products on which tariffs will not be reduced) could be shortened for LDCs. Afghanistan, too, would be able to benefit from the arrangement as all protocol for formally inducting Afghanistan into FTA would be over by March 2008, minister of state for commerce Jairam Ramesh said. Once Afghanistan becomes a member of Safta, it will automatically benefit as the agreement allows a 30% domestic value addition for exported products while Indias bilateral arrangement with Afghanistan provides for 50%, Mr Ramesh said. Addressing a press conference, the minister said that Indias trade with Afghanistan could multiply provided Pakistan could be roped in. Pakistan, India and Afghanistan could form a triangle for regional development of trade, he said. A trade delegation of 50 Afghan businessmen is currently visiting India. In a seminar organised by Ficci on Wednesday, the delegation expressed interest in collaborating in the area of gems & jewellery and handicrafts & carpets. India and Afghanistan also have a preferential trade agreement in place under which 38 Afghan products receive preferential treatment in India against eight Indian items.