Buyer to pay tax on gains made on undervalued property purchase.
A sluggish industrial growth has impacted the corporate bond market, too.
Concern has been raised on the method of identification for providing tax credit and the requirement of a permanent account number for deduction of withholding tax. Industry had raised these two issues before a Central Board of Direct Taxes committee looking into the matter, said a senior finance ministry official.
Some companies are charged with undervaluing their assets.
As on December 31, government stake in IndianOil stood at 78.92 per cent.
Move could be a major relief to Vodafone.
From the next financial year, the government will utilise the disinvestment proceeds for recapitalisation of banks and for subscribing to the shares of Central Public Sector Enterprises and preferential allotments.
Norms for e-commerce likely, arm's-length pricing set for change.
Three entities entrusted with job submit reports on black money estimation.
In an interview with Business Standard, Sebi Chairman U K Sinha discusses investment advisory rules and how regulators are coming together to resolve issues.
He feels that the reserve price set by the government for the 2G spectrum auction was very high.
The regulators have proposed changes in the norms for inclusion of mutual funds in the scheme.
210 millionth Aadhaar number to be handed over UPA Chairperson Sonia Gandhi to also be present.
PM-led body won't have jurisdiction over state-level issues that contribute most to delays.
FinMin working to ensure all govt transactions are done electronically, says official
Supreme Court ruling on Presidential Reference a booster, it says.
Railways and port trusts have 60,000 acres of prime land for commercial use; nod for use of land with 50 loss-making PSUs on the cards.
This year's deliberations, on October 9-14, come in the backdrop of the persisting crisis in Europe and the US and its apparent effects on India, China and other countries supposedly driving growth.
Chidambaram wants it reworked; GAAR controversy weighs on implementation.
The finance ministry has decided to bring in greater clarity in transfer pricing norms.
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