« Top Headlines » Open DEMAT Account in 24 hrs  ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR  ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief  ITAT Delhi Quashes Tax Notice on AMU PG Student’s ?18.34 Lakh Stipend, Declares It Tax-Free Under Section 10(16)  Advance tax deadline September 15: What happens if you missed the previous instalment payment?  How much gold jewellery can you keep at home? Nagpur ITAT explains rules on ownership, gifts, taxability  ?5.31 lakh TDS refund allowed by ITAT Delhi: Why absence of an original ITR did not block the taxpayer  Missed the ITR Filing Deadline? How to Claim Your Income Tax Refund and Correct Mistakes Before December 31, 2026  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  Income-Tax Department Moves to Bring Greater Certainty to International Tax Cases «  Amendment to SEZ Act on the cards... E- filing made mandatory for companies... » FinMin wants proper use of capital funds September, 18th 2006 Suggesting corrections in budgetary trends to reverse the influence of revenue expenditures at both the Central and state levels, the finance ministry has asked the Planning Commission to ensure that grants given for the creation of capital assets lead to an increase in capital stock. In its comments to the approach paper to the 11th Plan, the ministry has emphasised that the Planning Commission should go in for zero-based budgeting. It also sought to ensure that the outlays were effectively translated into results. Aspects of review of allocations and linking them to outcomes required considerable efforts from the Planning Commission, the ministry added. It advised the Plan panel to reduce over-dependence on petroleum. The next five-year Plan must focus on promoting alternative sources of energy. The contribution of wind energy must be increased to 13,400 Mw by the end of the 11th Plan from 5,300 Mw at the end of the 10th Plan. The finance ministry also sought the implementation of the hydrogen energy road map during the 11th Plan, with the government planning to put a million hydrogen powered vehicles on the road by 2020. The issue of coal pricing and marketing will probably get more importance in the 11th Plan. The coal market must become competitive with privatisation of coal mines after amendments in the Coal Mines (Nationalisation) Act, 1973, free imports and exports and greater allocation of existing blocks for captive purposes. In order to attain success through private-public partnership in the road sector, the 11th Plan must address issues such as sharing of risks and contract management and development of the construction industry must be addressed in the 11th Plan, the finance ministry added. The Commission should also review reform-linked programmes such as the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) and the Accelerated Irrigation Benefit Programme (AIBP) and Accelerated Power Reforms Development Programme (APRDP), and provide greater incentives for reform linkages during the 11th Plan. The reason for the organisational failure of Krishi Vigyan Kendras in accelerating agricultural growth must be given space.