Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Capital markets regulator Sebi has sent a notice to Deccan Chronicle Holding's promoters and asked them to pay Rs 4.29 crore in a matter related to misrepresentation of financial statements of the company from FY 2008-09 to 2011-12. The regulator directed T Venkattram Reddy, T Vinayak Ravi Reddy and P K Iyer to pay Rs 4.29 crore, which includes interest and recovery costs, within 15 days, Sebi said in a demand notice issued on Friday. In the event of non-payment, it will recover the amount by attaching and selling the movable and immovable properties of the Deccan Chronicle Holdings Ltd (DCHL) promoters.
The budget has increased the outlay for the Ministry of Civil Aviation by 21% at Rs 12165 crore from Rs 10031 crore for FY2008-09. However, the revised estimate for FY2008-09 was at Rs 7490 crore against the outlay of Rs 10031 crore.
Since the government eased the rules in 2008, many MNCs have squeezed local arms, leaving little for small investors.
Indian companies, like their Western counterparts, are becoming more global with mergers and acquisitions.
Higher impetus on automation through higher funding of e-governance projects and rationalization and clarity on levy of taxes would bring relief to the industry.
Passenger Vehicle sector seeks cut in excise duty on large cars too, and to reduce interest on auto loans to boost demand
Higher impetus on automation through higher funding of e-governance projects and rationalisation and clarity on levy of taxes would bring relief, says the computer hardware industry.
The individuals and HUFs are seeking effective reduction in tax incidence through hike in threshold limit of income tax exemption, restoration of standard deduction, increase in exemptions U/s 80 C etc
For exporters, there will be lower realisations because of rupee appreciation, the report added. Crisil's modified credit ratio for FY 2008 was at 0.97 times, that is, downgrades outnumbered the upgrades during the year. However, credit quality pressures does not automatically mean more defaults.
Companies had opted for higher debt in FY'08 and the preceding years in order to execute expansion plans and to meet working capital needs during the boom period. Since then, the situation has changed dramatically. Today, cash flows are locked in inventories, demand has dried up significantly, there is lack of funding options amid the global credit squeeze and a slump in equity markets, research firm Dun & Bradstreet said.
India has shipped close to 85 million mobile handsets between April 2007 and March 2008, compared to under 66 million units shipped in the previous fiscal, registering an year-on-year growth of around 29 per cent.
You can achieve this by following one of the five golden rules of tax planning, namely, by spreading your income among your family members.
Days ahead of the Budget, Reserve Bank Governor Raghuram Rajan on Wednesday pitched for increasing the tax exemption limit on financial investments by individuals from Rs 1.5 lakh a year.
Transfer pricing tax orders of Income Tax against Shell and Vodafone pertain to alleged undervaluation of shares issued by their domestic subsidiaries to the parent companies abroad.
Morgan Stanley draws optimism from a slew of favourable factors.
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