Failed to deposit TDS on time? Be ready to pay penalty

THE ECONOMIC TIMES Wed, Jun 05, 2013 | 05:59 PM IST Daily Newsletter

TCS to hike CEO Chandrasekaran's 2014 base pay by 50% to Rs 15 lakhs a month TCS raised the CEO's salary by 50% from April 1, 2014, to "compensate for the additional business activities and responsibilities." Failure to deposit TDS on time will attract penalty Failure to deposit timely and correct TDS or TCS will now attract a penalty ranging from Rs 200 to Rs one lakh by IT dept

Story of The Day M&M launches Verito Vibe at a starting price of Rs 5.63 lakh The car boasts of 330 litres of boot space. The latest offering from M&M is likely to compete with Maruti Swift, Toyota Liva and Honda Brio. read more

Popular Stories Only Narayana Murthy can change Infosys - the prisoner of his legacy How to change job and get hired in a new industry Education firms finding it difficult to reinvent themselves in the $80 billion industry MS Dhoni paid Rs 3 lakh to acquire 30,000 shares amounting to 15% equity holding: Rhiti Relieved after filing your income tax return? Challenges may still await you Swift DZire becomes India's best selling car, ending Alto's long stint at the top

Market Watch 5 Jun | 05:59PM USD/INR 56.41↓-0.08 GOLD (Rs/10g.) 27201.00↑194.00

Latest Updates Is it better to sit on cash or trade in volatile markets? According to analysts, when there is high level of volatility, market throws up lot of intermittent opportunities. Reliance Industries gains nearly 3% ahead of AGM Shares of Reliance Industries Ltd today gained nearly 3 per cent in an otherwise sluggish stock market ahead of its 39th annual general meeting to be held tomorrow. 'Certainty in tax laws needed to lure foreign investors' It is imperative for the government to formulate a conducive foreign investment policy that gives foreign investors a sense of comfort. Services PMI jumps to 3-month high in May The HSBC Markit Services Purchasing Managers' Index , based on a survey of around 400 companies, rose to 53.6 last month from 50.7 in April. Yahoo! says new rules to pave way for accreditation Yahoo! said that new rules requiring the licensing of online news sites will help pave the way for it to get full media accreditation Rebekah Brooks denies phone-hacking charges Rebekah Brooks, a former executive to Rupert Murdoch and a close friend of Prime Minister David Cameron, pleaded not guilty in a London court.

Gainers Losers 5 Jun, 2013, 05:59PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Rishiroop Rubber (International) Ltd. 11.10 20.00 2 11.10 11.10 JRG Securities Ltd. 8.70 20.00 6800 8.70 8.05 Goodyear India Ltd. 345.75 19.99 154145 345.75 290.00 Anjani Portland Cement Ltd. 23.60 19.49 2 23.60 22.75 Deccan Gold Mines Ltd. 18.75 17.92 123201 19.05 15.90

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