Funding from banks for capital market players has become highly restrictive with the recent squeeze in liquidity and the interest rates charged have also sharply increased.
The corporate sector and banks will henceforth have the onus of deciding the fate of their debt for tax treatment, with their decision binding on the department, going by a recent order of the Mumbai tribunal.
Some banks are camouflaging their lending to small, unknown real estate developers to skirt stringent capital adequacy and provisioning requirements.
'Depreciation should be claimed on original book value, not after revaluation'.
The Securities and Exchange Board of India proposes to levy fee on stock exchanges.
Funds for capital recast of rural credit societies
Exposure to commercial projects under lens.
An internal study by the Reserve Bank of India is understood to have found out that most of the foreign exchange inflows into India from non-resident Indians and portfolio investments are emanating from tax-haven countries.
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