Mumbai Notes – No extension for VDIS

V M Muthuramalingam, Chief Commissioner of Income-tax, Mumbai said there is no question of extending the time limit for Voluntary Disclosur...

V M Muthuramalingam, Chief Commissioner of Income-tax, Mumbai said there is no question of extending the time limit for Voluntary Disclosure Income Scheme (VDIS) by even a minute beyond the midnight of December 31.

In a press release, he said those who desire to avail of VDIS can do so up to the midnight of December 31. Tax, which, for any reason, could not be paid before filing the declaration, can be paid within 90 days from the date of filing the declaration along with interest due as prescribed.

The RBI has also issued instructions to the SBI, its associated banks, and nationalised banks to keep cash counters open beyond banking hours on December 31 to cope up with the anticipated rush of assessees/declarants for tax payment. In case of large deposits which cannot be counted on the same day, cash will be accepted by banks subject to verification later.

Stir

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The non-teaching staff of colleges all over Maharashtra has threatened to go an indefinite strike from February 9, 1998 if the state government does not respond favourably to their demands, said a press note.

Silver jubilee

Giants International will hold its silver jubilee convention at Police Ground, Marine Drive from December 26. The three-day convention will be inaugurated by governor Dr P C Alexander and attended by delegates from India and abroad.

Course

A twin course in export and cargo industry management will be conducted by the Institute of Hotel, Cargo and Tourism Management from January 8. The four month course will be conducted at various centres in the city. For details, contact on 2070059, 2853081 or 2830133.

Yoga exhibition

The state governor Dr P C Alexander inaugurated a three-day exhibition on `Yoga for the Householder’ at the Yoga Institute, Santacruz (e). The exhibition will cover a wide array of topics, including stress management, yogic recreation and children’s games, and will go on till December 26.