Even though the powers of the board of directors stand suspended once a company's insolvency process begins, it does not absolve the directors from actions taken up to two years earlier.
The tax imposed on buyback of shares and employee stock options is different in case of listed and unlisted companies, says Sudipto Dey
Inter-state supply may come under GST composition
Tax experts are nudging the authorities to figure out why so many assessees are not filing their returns.
Deadline ends, after two extensions and only 70% file detailed return for July
'If you wish to expand your business in a competitive global environment, you have no option but to be ethical.'
Poor performance of the banking, oil and exploration industries have impacted corporate tax collections.
A corpus of Rs 20,000-30,000 crore is under consideration, to narrow the input tax credit cycle and facilitate their working capital requirements.
Under the Companies Act, all the rights of at least 300,000 disqualified directors cease to have any validity.
The chief statistician feels there should be a rebound after companies integrate and adopt the GST system
The income tax department has a steep collection target of Rs 9.8 lakh crore during 2017-18, rising 15.7 per cent from a year ago.
Apart from Modi, Jaggi Vasudev to address 2-day tax officers' conference
Of the 11,000 kg imported between July 1 and August 9, around 90 per cent was brought in by two business groups which took advantage of the favourable reduction in tax incidence under GST, routing their imports through Korea.
After initiating stern action against 331 companies, the market regulator seems willing to revoke its stringent restrictions for some entities.
Steps such as safeguard duty in the works to plug the route
The clarification comes amid reports that sweet shops have discontinued chocolate barfis and chocolate sandesh.
Kenneth Rogoff, professor of public policy and economics at the Harvard University, tells Dilasha Seth on the sidelines of the Delhi Economics Conclave that public sector banks will need to take a one-time haircut to address non-performing assets.
Some experts says that the high net-worth requirement of Rs 50 crore for setting up an IU is a deterrent.
The window for registration is open up to September 30
The GST Network's chairman Navin Kumar speaks to Dilasha Seth and Indivjal Dhasmana on various aspects of the new tax regime.
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