Will take strict action against wheat exporters on fake, back-dated letter of credit, says Piyush Goyal

[ad_1] Union Commerce, Industry and Food Minister Piyush Goyal on Friday said the government will take strict action against exporters who had created fake, back-dated letters of credit (LCs) on May 13 to ban wheat exports. “We are examining all possibilities of any exporter who has tried to sabotage the system,” he said. While barring wheat exports last month to control rising domestic prices, the government had made it clear that shipments backed by LCs issued before the ban was announced would be allowed. Goyal said an inter-ministerial committee comprising…

Missed out on making tax saving investments this time? 3 action points to help you avoid tax implications

[ad_1] 3 action points to help you avoid tax implications You will agree that it has been a chaotic year for all… People have lost their jobs, had to cut salaries, had to move to smaller towns and what not… All in all, it’s totally understandable and a little off on human tax matters, isn’t it? But… well, one day, as soon as you open your work inbox, you receive the dreaded e-mail from your HR reminding you to submit tax proofs by the date… Now, in the back of…