Jyothy Labs spikes on report Germany's Henkel may buy stake BT Online

Shares of Jyothy Laboratories pared much gains to rule over 2 per cent higher after rising as much as 15.74 per cent in trade on Thursday.

Nearly 1.7 million shares changed hands as of afternoon trade, more than 16 times the 30-day average.


"All indications were positive that Germany's Henkel AG would put in a bid for the Indian company, though nothing had been finalised, said Ullas Kamath, CFO, Jyothy Labs to Business Standard.

Henkel holds option to buy up to 26 per cent of Jyothy.

Option was agreed upon after Jyothy bought a majority stake in Henkel's Indian unit in 2011.


How to avail tax relief under section 80G for your contribution to Chief Minister Relief Fund, Tamil Nadu

You might have generously contributed to Chief Minister' s Relief Fund during Chenna Floods. You may know that all such contributions will be entitled to 100% Income Tax exemption under Section 80G of the Income Tax Act. Tax filing time is nearing for the Assessment Year 2016-17 ( Financial Year 2015-16).


How to avail tax relief under section 80G for your contribution to Chief Minister Relief Fund, Tamil Nadu ?

Simple.... If you know the following details, you can easily claim the tax relief


Name of the Donee: “Chief Minister's Public Relief Fund"

Address: The Joint Secretary & Treasurer Chief Minister's Public Relief Fund Finance (CMPRF) Department Government of Tamil Nadu Secretariat, Chennai 600 009 Tamil Nadu, INDIA

City or Town : Chennai

State : Tamil Nadu

Pin code : 600009

PAN No. of Donee: AAAGC0038F

If you fill all the above details along with actual amount contributed in the A row of 80G tab of your return, you can avail tax relief. No need to submit any proof of contribution along with returns. However, if assessing officer asks proof while scrutinising your returns, you should be in a position to submit the promos


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