Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Dr Reddy's was the top gainer in the Sensex pack, rising over 3 per cent, followed by PowerGrid, TCS, HCL Tech, Infosys and Reliance Industries. On the other hand, L&T, IndusInd Bank, Bajaj Finserv and Bharti Airtel were among the laggards.
'There will be positive growth, but if you ask me whether we are going to have the original growth rate of 8%, the answer will be, no.'
'BJP has started a very dangerous game of political vendetta. It will pay a costly price. There is deep desire on the part of the BJP to take political advantage of certain legal issues.' Congressmen react to party chief Sonia Gandhi and Rahul being taken to the court in the National Herald case.
Three entities are at the centre of this controversy: The Brazilian government, Bharat Biotech and a Singapore-based company called Madison Biotech.
'We still have 30,000-40,000 cases.' 'It is plateauing, but the number should definitely come down more so that we can convert the pandemic into an endemic.'
The leaders of the two countries "discussed the main aspects of bilateral cooperation and exchanged views on current regional topics, including developments in South Asia," said a brief statement issued by the Russian President's office - Kremlin.
After an excellent year in which it led a coalition back to power at the Centre, the Congress finds itself in sheer turbulence as 2010 comes to aclose, ending as it does hit by scam after scam.
'We will see a kind of disaster which the country has not seen in the last 100 years.'
The Lakhimpur Kheri violence, in which four farmers were killed, is "absolutely condemnable," Finance Minister Nirmala Sitharaman has said, emphasising that there are issues of such nature happening in other parts of India equally which should be raised "when they happen and not when it suits others" because there is a Bharatiya Janata Party government in Uttar Pradesh.
Former India opener Gautam Gambhir was on Saturday appointed mentor of the new Lucknow franchise for IPL 2022.
'Outside the core voter base of upper caste Hindus, there is a large section unhappy with the performance of the BJP.'
Foreign portfolio investors (FPIs) who invest from Mauritius into Indian companies that dole out bonus debentures will get impacted by the tax avoidance provisions on bonus stripping. The FY23 Budget has extended these provisions - applicable only to MFs, so far - to shares and units of REITs, InvITs and AIFs. The move will especially affect large institutional investors who sell original units within nine months after the record date because the loss arising from sale of original units would have to be ignored for the purposes of computing taxable income and cannot be set off against any other capital gain.
If the fear of ED could drive the powerful people of today to be honest or at least be minimally corrupt, will it not be a great thing for our nation?, asks Sudhir Bisht.
'What is most distressing is that the revival of the economy, creation of more employment, and reducing poverty are not on the agenda of the government at all.' 'We are an economy on the verge of a demographic disaster.'
'We get to know secrets such as some of India's top-rated firms do not always make payments when due and many State-owned, listed, enterprises that borrow in bond markets default regularly.' 'Without naming the bank, he says that ever-greening of poor loans by a part of India's shadow banking lay at the doorstep of India's banking, notably 'one private bank'.' Viral Acharya's Quest for Restoring Financial Stability in India won't be music to many ears, observes Tamal Bandyopadhyay.
Concessional rate of tax on dividends received by Indian companies from foreign subsidiaries will be done away with from April 1, a change that may hamper global expansion of Indian companies and compel some firms to move their headquarters out of India to geographies such as Singapore and Dubai. At present, dividends received by Indian companies from their foreign subsidiaries are subject to a concessional tax rate of 15 per cent under Section 115BBD of the Income Tax (I-T) Act. The provisions of this section shall not apply from assessment year 2023-24 onwards, according to the Finance Bill.
We salute the late thespian in this compilation of his ten essentials movies that highlight his range and stature as an actor par excellence.
'The RSS ideology has been borrowed from fascism and is not borne out of Hinduism.' 'They want India to have one historical identity whereas India is a land full of divergence which goes in every direction.'
The exchange cited issues with its telecom service providers that prevented stocks and index quotations from getting updated.
However, experts caution that investors should not expect the big returns they got from the sector between March and September 2020.
Congress interim president Sonia Gandhi held a virtual meeting on Friday evening with leaders of 19 Opposition parties, including the chief ministers of some Opposition-ruled states, amid efforts to boost Opposition unity and evolve a common strategy against the National Democratic Alliance government.
'We can go somewhere between 35 per cent and 40 per cent.'
'In May 2020-2021, nearly 10 crores (100 million) lost jobs. 'Covid is not the reason for the present crisis. It aggravated the crisis.'
Kabhi haan, kabhi naa... The gossip now is that Rahul Gandhi won't become a Cabinet minister. Even as Congresswallahs wonder what Mamata Banerjee is upto, there is one senior leader in the party who is feeling very grateful towards Didi. To find out more, don't miss this week's Dilli Gupshup.
Where do the four members of the Supreme Court appointed panel to interface with farmers stand on the Modi government's farm laws?
'There are only two bottlenecks for universal vaccination.' 'One, is availability of the vaccine.' 'Two, is the logistics for administering the vaccine.'
'Nobody is talking about the inequality that is going to come.'
"It is unrealistic to expect that COVID-19 pandemic can be eliminated at this stage given that community transmission is already well-established across large sections or sub-populations in the country," the report said.
United States Secretary of State Antony Blinken has said that he had a productive meeting with visiting External Affairs Minister S Jaishankar during which they discussed the bilateral ties, COVID-19 relief efforts, India-China border situation and Afghanistan and vowed to work together to address areas of shared concern.
Three big private hospital chains -- Apollo, Fortis and Max -- on Friday announced the launch of Covid-19 immunisation drive for the 18-44 age group at limited centres in the country from May 1 while the Delhi government said it will start the vaccination exercise once it receives doses from the manufacturers.
A three-judge bench headed by Chief Justice of India Sharad Arvind Bobde will hear the application on January 18 along with pleas raising the issue of farmers protesting at Delhi borders.
'Even if Serum Institute and Bharat Biotech were successful in ramping up production overnight, what happens to the capacity after the demand from India is met?' asks Sanjeev Nayyar.
The drug that it would supply is called Olanzapine, used to treat schizophrenia and bipolar disorder.
The Indian Medical Association and the Mumbai Association of Medical Consultant have written a letter to Narendra Modi expressing disappointment over his statement during the Bharat ki Baat Sabke saath event in London.
TCS was the top gainer in the Sensex pack, rising around 4 per cent, followed by ONGC, ICICI Bank, HDFC Bank, Dr Reddy's, HDFC and HCL Tech. NSE Nifty advanced 76.65 points to 14,581.45.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'The Covid situation is like demonetisation.' 'People were upset with the government initially, but eventually they voted for the BJP again.'
'The Modi government will do well to thrash out a national consensus before taking the leap and put itself in America's pouch,' says Rajeev Sharma.
The Bhartiya Kisan Union Lokshakti said the principle of natural justice is going to be violated as those appointed to the four-member committee 'have already supported these laws'.
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