The framework also envisages amendments to the Prevention of Corruption Act to exempt commercial decisions by PSBs from scrutiny by investigating agencies. Both the amendments are likely in the monsoon session of Parliament.
Underlines need to reduce human interface; wants tax e-assessment in more cities
Hasmukh Adhia to present revenue dept's performance over past year & plan for current financial year
This is, say tax experts, the first time that a car race circuit has been held to be the permanent establishment of an assessee.
The government is going all out to spread awareness about the new indirect tax regime, and training lawmakers is being seen as a necessary first step.
Punjab National Bank has made a name for itself in recovery of bad loan dues. Usha Ananthasubramanian, managing director and chief executive officer of the government-owned lender, explains how it has achieved this reputation.
This amount is just about 10% of the previous IDS
No mention of cab aggregators in GST bills
Central bank likely to keep tabs on large wilful defaulters; policy likely by month-end.
States should have enough time. We still do not know the rules. There are a lot of operational difficulties, says Jammu and Kashmir Finance Minister Haseeb Drabu.
They are evaluating realignment of warehouses and supply chains, besides exploring locations to set up hubs and shutting down some distribution centres
After acquiring Grama Vidiyal Microfinance last year, IDFC Bank is looking for opportunities to strengthen its retail capabilities, says Rajiv Lall, its chief,
March requires 20% jump to meet year's goal; CBDT chief tells staff to sweat it out to meet target
As Centre cedes power to states in indirect tax, it wants to all ystaffers' worry of little work.
While it was technically not possible to block the deal, the tax department could resort to arm-twisting.
One of the key concerns of foreign investors is how the general anti-avoidance rule would apply in case an investor is availing benefits under double taxation avoidance agreement.
Fresh PoEM guidelines will affect pharma, energy, automobiles, manufacturing and software companies.
The PMGKY will not allow declarants to use claims made for refunds for advance taxes paid, tax deducted at source and tax collected under the scheme.
Import growth moderated to a four-month low, owing to sharp decline in that of gold.
Rs 14.5 lakh crore of Rs 500 and Rs 1,000 notes have been deposited as of 30/12.
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