Somesh Jha And Dilasha Seth

Stories by Somesh Jha And Dilasha Seth

Invested in Bitcoin etc? Get ready for the taxman

Invested in Bitcoin etc? Get ready for the taxman

Rediff.com   20 Jan 2018

Income tax department sends out notices to cryptocurrency investors on suspicion of tax evasion.

Even for Generation Y, newspaper reading remains a habit

Even for Generation Y, newspaper reading remains a habit

Rediff.com   19 Jan 2018

Newspaper readership was 50 per cent in the 16-19 year age group, the highest in any age segment, followed by 42 per cent each in the 12-15 years and 20-29 year age group.

Govt mulls 100% foreign investment in private banks

Govt mulls 100% foreign investment in private banks

Rediff.com   18 Jan 2018

It is also considering to hike FDI cap for public sector from 20 per cent to 49 per cent

Now, black money stashed in Singapore banks under govt lens

Now, black money stashed in Singapore banks under govt lens

Rediff.com   18 Jan 2018

India and Singapore had in 2013 amended the DTAA to help exchange banking and tax-related information more effectively.

GST rates of 70 more items likely to be cut

GST rates of 70 more items likely to be cut

Rediff.com   17 Jan 2018

Agriculture implements that are currently taxed up to 18 per cent may come under the 12 per cent or the 5 per cent bracket.

Budget 2018: Tax norms for listed stocks may be tweaked

Budget 2018: Tax norms for listed stocks may be tweaked

Rediff.com   17 Jan 2018

There have been demands from a section of stakeholders that the long-term capital gains tax on equities be reimposed.

Budget 2018: FY19 fiscal deficit target may be set at 3.2%

Budget 2018: FY19 fiscal deficit target may be set at 3.2%

Rediff.com   8 Jan 2018

The government had breached its fiscal deficit target given in the Budget for 2017-18 in November itself, touching 112 per cent of the limit.

Google, Panasonic, Suzuki among 100s of firms hit with 'unrealistic' GST notice

Google, Panasonic, Suzuki among 100s of firms hit with 'unrealistic' GST notice

Rediff.com   6 Jan 2018

Top firms get GST notices on credit claims on Friday; replies sought within hours.

8% savings bonds scheme not closed, but interest rate lowered

8% savings bonds scheme not closed, but interest rate lowered

Rediff.com   3 Jan 2018

The bond, which the Reserve Bank of India started issuing on behalf of the Union government in 2003, was considered one of the safest savings instruments for retail investors.

Proposal to bring back fixed-term employment on anvil

Proposal to bring back fixed-term employment on anvil

Rediff.com   27 Dec 2017

Under fixed-term employment, workers are entitled to all statutory benefits available to a permanent worker in the same factory. However, employers may not give notice to a fixed-term worker on non-renewal or expiry of his or her contract.

'DB Realty will be back with a big bang'

'DB Realty will be back with a big bang'

Rediff.com   22 Dec 2017

Soon after a special CBI court acquitted all those accused the 2G spectrum allocation case, Somesh Jha spoke to DB Realty Managing Director Vinod Goenka at the crowded Patiala House premises.

Irony at CBI court: Only 2G network available during verdict!

Irony at CBI court: Only 2G network available during verdict!

Rediff.com   22 Dec 2017

Somesh Jha describes the mood at Patiala House courtroom and outside on Thursday during the 2G spectrum case verdict.

'Government doesn't care for workers'

'Government doesn't care for workers'

Rediff.com   19 Dec 2017

'On December 5, the government called unions for pre-Budget consultations.' '12 trade unions were called and the time allotted was one hour which means 5 minutes for each union.' 'We were asked to present our views in about four minutes.' 'That itself is a reflection of how serious the government is about workers' demands.'

Dealing with bitcoins? Do so at your own risk

Dealing with bitcoins? Do so at your own risk

Rediff.com   14 Dec 2017

Short-term capital gains tax of 30% is likely to be levied if bitcoin is held for less than three years and 20% if held for longer than 36 months.

S&P won't upgrade India's rating before 2019

S&P won't upgrade India's rating before 2019

Rediff.com   14 Dec 2017

'Our stable outlook currently points to the fact that the ratings are likely to remain stable for the next couple of years.'

Jaitley likely to announce a tax-friendly Budget

Jaitley likely to announce a tax-friendly Budget

Rediff.com   13 Dec 2017

The Income Tax Act might be amended to give effect to "jurisdiction-free assessment"

Labour reforms take a hit; no change in hire-and-fire norms

Labour reforms take a hit; no change in hire-and-fire norms

Rediff.com   8 Dec 2017

Protests by central labour unions and widespread criticism from Opposition parties because of job losses on account of demonetisation and the GST have put the contentious labour reform proposals in the slow lane.

GST likely to be simplified further

GST likely to be simplified further

Rediff.com   30 Nov 2017

GST council may propose a faster refund procedure, deferment of electronic way bill, further simplification of composition scheme

At Rs 83,346 crore, October's GST collection is lowest

At Rs 83,346 crore, October's GST collection is lowest

Rediff.com   28 Nov 2017

With recent rate cuts, November collections could be even less

Restaurants may now be forced to cut prices

Restaurants may now be forced to cut prices

Rediff.com   24 Nov 2017

Govt doesn't buy restaurants' input tax excuse and has swing into action and looking into profiteering complaints on social media against prominent restaurant and franchise chains.