|
IT Raids Ministers HouseBhopal: Three days after a massive raid on people from the Health Department in Madhya Pradesh, the Income Tax officials are saying that the scam may just be worth several hundred crores.
Mortgage Rates At 9-month HighRates on 30-year fixed mortgages have surged a tenth of a percentage point to a 9-month high on growing concerns about inflation, mortgage backer Freddie Mac said Thursday.
Tax Threshold Rises To $25bnGOVERNMENT has raised the income tax-free threshold from $1 billion to $25 billion a month, up 25-fold, and expanded higher tax bands by between 25-fold and 75-fold as it seeks to continue protecting disposable incomes of workers against runaway inflation.
UK House Prices 'to Fall By 9% During 2008'Published by Jon Land for 24dash.com in Housing Thursday 19th June 2008 - 8:40am UK house prices 'to fall by 9% during 2008' Halifax Bank of Scotland today warned that property prices are likely to fall by 9% ...
Washington Mutual Cuts 1,200 JobsWashington Mutual Corp. is cutting 1,200 jobs nationwide. The country's largest thrift, hit hard by turmoil in the mortgage and credit markets, said Thursday that some layoffs will be in its home loan business.
SJ Woman, Kids Charged In Mortgage Fraud CaseA former top-performing real estate agent is facing the prospect of making a prison cell her new home after being arrested for taking part in an alleged mortgage fraud scheme. Gloria Alvarez�x2014;an agent for the now-closed Su Casa real estate brokerage in San Jose�x2014;was taken into custody Wednesday as she walked out of settlement conference in a Santa Clara County courtroom. Prosecutors say the 40-year-old Alvarez and two relatives defrauded three lending institutions and several clients out of millions of dollars by using so-called "straw buyers" to falsify loan applications.
High Gasoline Prices Changing Lawn-mowing Habits When Eric King moved from his apartment in Pittsburgh to a single-family home with a lawn, he bought a manual lawn mower instead of the usual gas-powered kind. He figures he's putting money in his pocket and saving trips to the filling station. He's got plenty of company. Sales of manual _ or push reel _ mowers with the cartwheeling blades are on the rise this year. Officials attribute the surge to increased environmental concerns because of emissions from gas-powered mowers, the faltering economy that makes the generally less expensive push reels more attractive, and $4-a-gallon gasoline.
Finding Lost Income Tax RefundsYou wouldn't think there would be unclaimed tax refunds kicking around. After all, the cheques go out just a few weeks after people file their taxes. But there are. As of the end of 2007, there were 38,551 undeliverable and unclaimed refund cheques worth $25,372,066 just waiting to be cashed by taxpayers who paid too much tax.
Ex-Bear Stearns Managers Could Face Charges In NYC Two former Bear Stearns managers are among the most prominent figures who could face criminal charges in the wake of the collapse of the subprime mortgage market, an official said. A law enforcement official said an indictment naming Ralph Cioffi and Matthew Tanin, both ex-managers of Bear Stearns Cos. hedge funds that collapsed last year, could be announced as early as Thursday, the result of a federal securities fraud investigation. The former executives are suspected of misleading investors about the risky subprime mortgage market, the official said, speaking on condition of anonymity because the outcome of the investigation is pending. The official confirmed reports Wednesday that Cioffi and Tannin have been the target of the yearlong probe by federal prosecutors in Brooklyn.
Darling Says Tax Cuts Will Help In SlowdownChancellor Alistair Darling said on Wednesday that the global credit crunch was slowing down the economy but income tax cuts announced this week would help many Britons weather the storm.
Louisiana Citrus Growers Face New Threat To Trees Just as south Louisiana's citrus growers are starting to recover from Hurricane Katrina, they have a new threat: a fatal citrus disease that has infected thousands of trees in Florida and is now in the Bayou State. Citrus greening disease has been confirmed so far only in New Orleans. But the tiny brown bug, or psyllid, that spreads it has been found there and in three other parishes, including Plaquemines Parish, the heart of Louisiana's citrus groves. 'That is bad news,' said Ben Becnel, who has about 400 trees on 40 acres in Belle Chasse, southeast of New Orleans. 'Florida is hurting. We've been saying around here we were hoping this would hold off long enough to where there was some kind of treatment or remedy or something.'
I-T Raids Embarrass M.P. GovernmentBHOPAL: The raids conducted by the Income Tax Department on the Madhya Pradesh Home Secretary’s official residence and other premises along with those of many other influential persons, includin...
New Income Tax Code SoonNEW DELHI:The Union Finance Minister, P. Chidambaram, on Tuesday announced that the government would soon come out with a new Income Tax Code to streamline the taxation structure and reduce the pletho...
|
