SHORT TAKES | Tax relief on bank deposits
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SHORT TAKES | Tax relief on bank deposits

Finance Ministry is planning to give income tax exemption on bank deposits with the tenure of 365 days or more, but not more than three years. This will be within the over all limit of Rs 1 lakh exemption allowed currently. Personal savings in bank deposits would be treated by Income Tax Department on par with funds parked in Public Provident Fund (PPF), life insurance premium, post office savings and investments in mutual funds. HTCASI says temple trust has shifted Jain idol THE HIGH Court today took on record the Archeological Survey of India?s (ASI) application claiming that the Shri Digamber Jain Atishay Chhetra Kundalpur Public Trust has shifted the Bade Baba (Bhagwan Adinath) sculpture from the ancient protected temple to new temple in Kundalpur (Damoh) on January 17, despite the court?s directive for keeping status quo. The State Government machinery had failed to protect the ancient temple despite request from the ASI Director-General.US eases visa rules for students Students and business travellers headed for the US can cheer. Visas will now be issued 120 days before the start of the academic year, instead of the 90 days rule followed earlier. Businessmen can look forward to online applications. The streamlined procedures come in the wake of a decline in the flow of foreign students to the US in recent years because of the tight visa and security regime following 9/11.

india Updated: Jan 19, 2006 13:07 IST

First Published: Jan 19, 2006 13:07 IST