The final game in the three match T20I series between India and Australia at the Rajiv Gandhi international stadium in Hyderabad has begun.
The income tax department has notified rules for valuation of equity and compulsorily convertible preferable shares issued by startups to resident and non-resident investors. As per the changes in Rule 11UA of I-T rules, which comes into effect from September 25, the Central Board of Direct Taxes (CBDT) provides that the valuation of compulsorily convertible preference shares (CCPS) can also be based on the fair market value of unquoted equity shares. The amended rules also retain the five new valuation methods proposed in the draft rules for consideration received from the non-residents viz., (i) Comparable Company Multiple Method, (ii) Probability Weighted Expected Return Method, (iii) Option Pricing Method, (iv) Milestone Analysis Method, and (v) Replacement Cost Method.
Following their semifinal finish in the recently-concluded Women's T20 World Cup, India earned a direct qualification to the 2014 edition.
It was a forgettable series for India batter Suryakumar Yadav as he fell for three straight golden ducks in the three-match ODI series against Australia.
IMAGES from the 2nd T20I played between India and Australia in Nagpur on Friday.
Australia laboured to a modest 263 all out on the opening day of the second Test against India in New Delhi
The Resolution Professional (RP) of Future Retail Ltd (FRL) has filed an application before the NCLT against Kishore Biyani, his brother Rakesh Biyani and eight other entities alleging their involvement in a "fraudulent transaction" in the company. This application "has been filed pursuant to the findings in the report received from Nangia & Co. LLP, which was appointed as 'Transaction Review Auditor' by the RP," said a regulatory filing from Future Retail Ltd (FRL). The Transaction Review Auditor was to assist RP in his duties and the determination, wherein a transaction has been reported under Section 66 of the Code for adjudication by the NCLT.
Don't believe in counting my chickens too much, says Rahul Dravid
The wet outfield delayed the start of the match, but the RCB duo used the time for a jovial chat.
The income-tax (I-T) authorities have tightened disclosure norms for charitable trusts. They now have to declare the nature of their activities from October 1 for tax purposes. The Central Board of Direct Taxes (CBDT) has notified changes in reporting rules where the charitable institutions have to mention whether the activities undertaken are charitable, religious, or both to claim tax benefits.
Following India's five-wicket win over Australia, stand-in skipper Hardik Pandya said KL Rahul and Ravindra Jadeja's partnership had a calming effect on the others watching from outside.
IMAGES from the 2nd T20I played between India and Australia in Nagpur on Friday.
Debt mutual funds are likely to be stripped of the long-term tax benefit if they invest less than 35 per cent of their assets in equities. Such mutual funds will attract short term capital gains tax. The government is likely to make such a proposal in the form of an amendment to the Finance Bill 2023 in the Parliament, sources said.
Australia captain Steve Smith said it has been 'an enjoyable tour' for the visitors after they outclassed India by 21 runs in the third ODI in Chennai on Wednesday.
ICC apologises after incorrectly naming India as No.1 Test team over Australia
Following India's ODI series loss to Australia at home, head coach Rahul Dravid has his task cut out with the ODI World Cup set to be held at home later this year.
The legendary Sunil Gavaskar warned the Indian team not to forget the defeat against Australia, with the IPL set to get underway.
Following his three-wicket haul in India's five-wicket win over Australia, Mohammed Shami said he enjoyed bowling with Mohammed Siraj.
Vice-captain Smriti Mandhana was ruled out of India's opening Women's T20 World Cup game against Pakistan on Sunday.
After pulling off a thrilling win in their opener, Grace Harris sounded confident ahead of the second WPL game against the Delhi Capitals.
Suryakumar Kumar is within striking distance of England batter Dawid Malan in the race to hold the highest rating of all time for men's T20I batters.
Thakur, who was bought by Delhi Capitals for Rs 10.75 crore, had taken 15 wickets in 14 games, including career-best figures of 4/36, in the 2022 edition but leaked close to 10 runs per over.
Between them, Ashwin and Jadeja shared 47 wickets
The outfield is wet because it rained heavily on Thursday in Nagpur.
Ahead of the third and final ODI, young Australian cricketer Nathan Ellis opened up on the influence Mitchell Starc has had on his journey.
'...our bowlers were not quite there.'
Tax consultants and chartered accountants have started receiving a flurry of calls from their clients - both corporate and individuals - seeking clarity over changes in the reassessment regime made during the recently concluded Budget Session of Parliament. Tax experts apprehend the amendments may lead to the income-tax (I-T) department sending out more notices. The new provisions, effective from April 1, have extended the scope for tax sleuths to reopen the past assessments.
India's star batter Shafali Verma revealed that she enjoys watching England's Liam Livingstone bat but her role model is the legendary Sachin Tendulkar.
Currently, if the IT department finds out that some income has been missed out by the assessee, it goes through a lengthy process of adjudication, and the new proposal would repose trust in the taxpayer.
The income tax department has allowed non-resident taxpayers not having PAN to file Form 10F manually till March 31, 2023, a move which would ease their compliance burden and enable them to claim lower TDS rate. The Central Board of Direct Taxes (CBDT) had in July made it mandatory for non-resident taxpayers to file Form 10F electronically to claim benefit of lower Tax Deducted at Source (TDS). However, taxpayers faced problems in electronic filing of the form as the income tax portal did not allow a taxpayer who does not have a Permanent Account Number (PAN) to file Form 10F.
Union Finance Minister Nirmala Sitharaman on Tuesday announced that income from digital asset transfers will be taxed at a rate of 30 per cent. This move is seen as 'crypto tax'.
Nathan Lyon said there was enough recovery time for Warner before the third Test beginning on March 1.
Gavaskar said it is difficult to find faults in a batter who has been dismissed off the first ball thrice
In the latest ICC ODI Rankings, Mohammed Siraj was dethroned from the top as he slipped to third place, while Josh Hazlewood climbed to the top.
Authorities will allow the country's taxpayers to access the mutual agreement procedure (MAP) for cross-border disputes. This is even if they had settled the case under the direct tax dispute resolution scheme - Vivad se Vishwas - without deviating from the outcome of the scheme, said the Central Board of Direct Taxes (CBDT) on Monday. However, non-resident taxpayers, who opted for the resolution scheme, cannot go for MAP on the same issue, it clarified. MAP is an alternative dispute resolution mechanism under the tax treaties where competent authorities of two countries enter into discussions to resolve tax-related disputes.
The appointment of the new selection committee, central contracts and having different coaches and captains for the different formats are likely to be discussed in BCCI's Apex Council meeting on Wednesday.
India skipper Rohit Sharma gave an update on Shreyas Iyer's recurring back injury and the captain didn't sound to optimistic of the batter playing anytime soon.
You need a big upping of the ante when it comes to the fielding if you have to beat big sides in big competitions.'
Game 52 of IPL 2021 will see Royal Challengers Bangalore take on the Sunrisers Hyderabad at the Sheikh Zayed stadium in Abu Dhabi starting 1930 IST tonight.
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