« Top Headlines » Open DEMAT Account in 24 hrs  New Income Tax Act: ITR forms to be issued prior to FY28, says govt  GSTR-9C Explained: Turnover Limit, Due Date, Statement Format & How to Prepare It in Tally Prime (2025 Update)  Will Income Tax Department release new ITR forms by January 2026? Finance Ministry says this  The Government of India has strengthened MSME protection through strict payment rules, ensuring that Micro & Small Enterprises receive timely payments from buyers. Under the MSME Development Act (MSMED Act), 2006, buyers must make payments within:  ITR Refund Delays in India: Why They Happen & How to FastTrack Your Refund in 2025  ITR Refund Delay: From Bank Errors To Department Checks, 5 Big Reasons Your Refund Gets Stuck  Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?  Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy  Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief  Digital Efficiency for MSMEs: The Tally Prime Advantage  5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups «  ICAI to study IPO valuation... FM confident indirect tax kitty to exceed Budget target... » Excise sops for six Re-hit sectors February, 25th 2008 Budget 2008-09 may provide a bailout package for six labour-intensive sectors hit most by the strengthening rupee. Textiles, gems & jewellery, handloom, handicraft, marine and leather may get excise waivers and an extension of interest rate subvention which expires in March. Sources said the package is almost final, with the finance minister and the Prime Minister's Office giving the finishing touches. Sources said that the V Krishnamurthy committee, set up by the PMO to find ways in which the domestic industry could be helped to cope with the fallout of a rising rupee, had recommended special measures for the six sectors. “While many of the recommendations will not find place in the Union Budget, the finance ministry is likely to provide at least excise waiver and interest rate subvention for the six sectors, an official said. He added that the finance minister was in touch with the PMO on the relief measures to be announced in the Budget. Gems and jewellery sector, which operates on very thin margins, could get a special package. Excise duty on certain manmade fibres is at 8%, while duty on leather goods is at 16%. Machines used in marine and textiles industry are in the 16% bracket and same is the case with fishing nets and fish landings. On manmade fibres, leather goods and fishing equipment too, the duty rates are expected to be reduced.