« 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 «  Report for tax cuts on G-sec investments... New CA syllabus announced... » FinMin no to raising bond limits of NHAI September, 02nd 2006 The finance ministry is not considering further increasing the bond limit of Rural Electrification Corporation and National Highways Authority of India. This move will impact investors who wanted to save on payment of capital gains tax by investing in these bonds. Bonds of REC and NHAI, to be issued during financial year 2006-07, had been notified by government on June 29 for Rs 4,500 crore and Rs 1,500 crore respectively. Both the bonds have been fully subscribed. There is no proposal at the moment to increase the limit of the bonds. Investors who are keen to invest their capital gains should park such gains in the capital gains bank account, A K Sinha, spokesperson for the Central Board of Direct Taxes said. Section 54EC of Income-tax Act, 1961, provides tax exemption on capital gains arising from the transfer of a long-term capital asset, if such capital gains are invested in certain bonds within a period of six months after the date of such transfer. The government had notified REC and NHAI bonds for the purpose in the budget this year. Asked when the CBDT would notify the final guidelines to establish whether an entity or individual investing in the stock market was an investor or a trader, Sinha said, The department is in the process of formulating the policy. It is likely to finalise its position in the next one or two months. Commenting on the income tax returns received, Sinha said 1.26 crore returns had been received during April 1-July 31 compared with 0.77 crore in the corresponding period last year. Of the total returns, 4 lakh returns had been filed through post offices. Asked if the Mauritius Double Taxation Avoidance Agreement was being reviewed, he said, Mauritius has agreed for discussion which includes everything including a review. He however declined to discuss the specifics of the case. On the issue of duplicate Permanent Account Numbers, he said the department had detected 13 lakh duplicate PANs which would be removed within the intended deadline of December 31.