Business – Mysuru Online

Karnataka Bank Q4 net profit up 14.83% at Rs31.36cr in Mar-21 quarter

Karnataka Bank reported -12.48% yoy fall in total consolidated revenues in the Mar-21 quarter at Rs1,790.70cr. The bank reported a marginal yoy fall in retail banking revenues but a sharp fall in revenues from treasury operations and from corporate banking activity. During the quarter, there was a sharp fall in the EBITDA contribution from corporate […]

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BIG news for lakhs of Central government employees regarding DA hike

Business / Report

In what comes as good news for millions of Central government employees, the Ministry of Labour & Employment on Friday (May 21) announced an increase in Variable Dearness Allowance (VDA) by Rs 105 to Rs 210 per month. The hike, which will be effective from April 1, 2021, will also lead to an increase in

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ITR or Income Tax Filing Deadline for FY21 (AY 2021-22) Extended

Business / Report

In a major relief to taxpayers, the Central Board of Direct Taxes (CBDT) on Thursday extended the deadline for filing income-tax returns (ITR) for FY 2020-21 (AY 2021-22) to September 30. “The Central Board of Direct Taxes, in the exercise of its power under section 119 of the Income-tax Act, 1961, provides relaxation…,” the official

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