A senior income tax department official in the know of the discussions to have taken place in the finance ministry said the ministry was looking into the issue as a possible option.
Writes to coal secretary; may move court today as it finds directors' response inadequate.
The next time Amitabh Bachchan hosts Kaun Bangea Crorepati or Sachin Tendulkar hits a ton in an Indian Premier League match, the taxmen may come knocking on their doors.
Much is riding on the role of market intermediaries to get this platform going
Much is riding on the role of market intermediaries to get this platform going
Lapped up 157 mn shares worth Rs 4,000 crore between Jan 1 and Feb 8
The exchange granted 1.96 million stock options under two employee stock option (Esop) schemes in 2006 and 2008 to those eligible, according to regulatory filings.
Finance Ministry meets market participants, wants feedback.
Budget likely to list tax-exempt items as finance ministry, states agree
The question is which tool it should use to shift gear.
According to back of envelope calculations, the value of shares released in the past two weeks worked out to be Rs 262 crore (Rs 2.62 billion).
The idea is to save customers the inconvenience of opening and closing bank accounts or keeping multiple accounts if they have to shift to a new location or find their bank's services unsatisfactory.
More than one-third of this amount (Rs 6,000 crore or Rs 60 billion) is likely to go to the country's largest lender, State Bank of India, while the demand for most other banks is less than Rs 1,000 crore (Rs 10 billion) each.
After a disastrous 2011, stock market investors are pinning hopes on next year. Top sell-side analysts believe though there is more pain ahead, 2012 is likely to end on a positive note.
Pay healthy advance tax, but can't make up for large companies' volumes.
If the new Companies Bill becomes law, 10 of the 30 Sensex companies will have to look for new auditors.
The finance ministry has directed the Central Board of Direct Taxes to put in place a framework for an Advance Pricing Agreement mechanism, two officials familiar with the development said.
Its first and only investment in India out of its Asia-dedicated fund has gone bad.
Wants all services included in tax, with a negative list.
A Rs 40,000-crore (Rs 400-billion) shortfall in the Budget for 2011-12 is looming large and the market doesn't appear stable enough to absorb even a fraction of it.
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