« 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  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  Chandigarh exempts VAT on "Agarbatti"... SC stays income tax notice against General Electric... » FM urged to increase duty draw back rate by 3 pc December, 15th 2007 Tirupur Exporters Association (TEA) on Friday requested Union Finance Minister P Chidambaram to increase the duty drawback rate by another three per cent, so as to "sustain" in the global market and use the units' capacity fully. In a letter to Chidambaram, a copy of which was released to the media, TEA president A Shaktivel thanked him for revising upwards the duty drawback rates by one per cent for cotton knitwear products at a time when export was continuously facing a declining trend and showing a dismal performance due to unprecedented appreciation of rupee against the dollar. Shaktivel requested the minister to consider that hedging cost should be compensated or dual exchange rate should be considered and to fix the value of rupee against dollar at rs 42 for one year for the exporters. The exporters should be exempted from payment of service tax on all services and Fringe Benefit Tax, he said. Tirupur Knitwear exporters were making efforts to produce value added garments and exploring new markets and conducting lot of seminars with various Banks to make exporters familiar with the hedging mechanism for using such tools to protect themselves from the currency fluctuation, he said.