« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do «  Don't bank on tax cuts: Nobel laureate Phelps... Govt likely to extend tax incentives to STPI till '09... » Delhi waives luxury tax for PBD delegates October, 11th 2006 The Delhi government has decided to waive luxury tax on hotel tariffs for delegates attending the Fifth Pravasi Bharatiya Diwas (PBD) to be held here in January next year. Minister for Overseas Indian Affairs Vayalar Ravi was informed about the city government's decision at an inter-ministerial meeting today to review preparations for the PBD, according to an official release. The waiver of the 12.5 per cent luxury tax is aimed at making the stay of the delegates more economical and to boost attendance at the meet of the Indian diaspora. The Delhi government is a co-organiser of the event to be held during January seven-nine, 2007 along with the Ministry of Overseas Indian Affairs and CII. Ravi advised that a communication on the waiver should be sent to all associations of Indians living abroad. There are about 1,000 associations of Indians living in different countries and their involvement will greatly facilitate the wide publicity of PBD-2007, Ravi said. The fifth PBD on the theme "Rooting for the Roots -- Meeting India's Social Development Challenges" will focus on social sectors, including education, healthcare, women, youth and investment.