Generally,profit of a partnership firm is divided among its partners in sync with their partnership deal.
FY14 sees 16% decline in adjustments; department adds only Rs 59,000 crore to the profits attributed by multinationals, against Rs 70,000 crore a year ago
Delhi High Court quashes reassessment proceedings by Income Tax department.
The RBI needs to maintain a healthy contingency reserve so that it can lend its support in case of a bank failure.
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Retail giant Tesco's entry into Indian market has hit a regulatory roadblock.
Rahul Khullar, Trai chairman beleives politicians and corporates who own media houses should give freedom to editors.
The Finance Ministry is of the opinion that Vodafone might drag its tax dispute to court.
The government managed to raise revenues by sending notices to high net individuals to did not file I-T returns last year.
The Finance Ministry has asked top rung exectives of United bank of India to furnish bad loan recovery report on daily basis.
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It would be fair to say that markets are coming to the end of a down-cycle and are at the cusp of the next up-cycle.
To help compare numbers better, FinMin might retain the interim Budget Estimates with the new ones.
The finance ministry is working on a Cabinet note for establishing a full-fledged Public Debt Management Office, officials told Business Standard.
For 2014-15, the bill on this account is likely to be 12.8% more than in 2013-14.
Only Rs 3,000 cr has been disbursed. Over 80% of these transfers were for cooking gas subsidy.
Details of identity and residence will not be required for exchange of notes between April 1 and June 30.
To check fiscal deficit, government needs to drastically cut Plan expenditure.
The fourth finance ministerial meeting, to be held in New Delhi, will have Finance Minister P Chidambaram from the Indian side and Hyun Oh-seok, Deputy Prime Minister and minister of strategy and finance, from South Korea.
Common return for excise duty and service tax was envisaged when 119 services were taxed.
Years of wait before DTC, GST are rolled out
Having faced a debacle in four Assembly elections recently, the UPA government is exploring ways to woo voters before the coming general elections - without deviating from the path of fiscal consolidation.
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