Mumbai gets its aquarium back, but don't expect a world-class one

Fish-lover Rajesh Karkera revisits Taraporevala Aquarium V2.0 after decades and comes back with mixed feelings. It has a touch pool, an oceanarium, but is this all what that the city was promised?......

Will taxpayer's charter help bridge trust deficit?

India is often viewed as an aggressive tax jurisdiction by domestic and overseas taxpayers, and making the charter as part of the Act may help restore confidence among taxpayers. Illustration:......

Taxation issues in the $16 bn Walmart-Flipkart deal under lens

As many as 44 shareholders of Flipkart sold their holdings to Walmart. The income tax law requires the buyer to withhold tax while making payment to the sellers, in case they are not exempted from......

If HUFs are abolished will govt's tax kitty swell?

HUFs are not used for tax evasion but for tax avoidance/to save the tax within the four corners of the law. Experts say that there will be little or almost insignificant change in tax revenues.......

Walmart-Flipkart deal: What will be Tiger Global's tax liability?

Taxing SoftBank, the largest shareholder in Flipkart with a little over 20 per cent stake, however, will be easier. Tiger Global is set to make over $3 billion from the $16-billion......