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.
Chowdhury said the schedule of the yatra was submitted to the state administration long ago.
Amit Shah, considered the most trusted aide of Prime Minister Narendra Modi, has been elected president of the Gujarat Cricket Association.
The Lust Stories 2 trailer is quirky, notes Mayur Sanap.
Maidaan draws out more yawns than yays, observes Sukanya Verma.
West Bengal Chief Minister Mamata Banerjee on Thursday received wholehearted support from a group of women from the troubled Sandeshkhali area who met her after a Trinamool Congress rally in Kolkata, party sources said.
'Three successive failures can tarnish the image of invincibility.' 'Once this happens, Chanakya can fall prey to his adversaries outside and inside the party,' notes Amulya Ganguli.
Rescue officials confirmed casualties in the incident, claiming to have already recovered 5 bodies from the heap of debris where the cracker manufacturing unit once stood.
A buoyant equity market, coupled with an improved performance of mutual funds (MFs) on the returns chart, has heightened retail investors' appetite for equities. In the past few months, equity MF schemes have seen a surge in fresh investments through both lump sum (one-time investments) and systematic investment plan (SIP) routes. During the August-September 2023 period, equity MF schemes recorded net lump sum investments of Rs 35,270 crore, compared to just Rs 5,550 crore in the previous three months, according to data from the Association of Mutual Funds in India (Amfi).
'We don't know when the BJP tried to induct Sourav Ganguly into the party. Sourav Ganguly is a cricketing legend. Some people are now shedding crocodile tears about the changes in BCCI. Did they have any role when he took over as BCCI president? The TMC should stop politicising every issue.'
In his letter to the vice-chancellor of JNU, Bhaduri expressed pain at throttling of dissent by the university administration. He alleged a 'deliberate attempt to throttle the free and lively atmosphere of debate and discussion'.
The allegations drew sharp reactions from the ruling TMC, which condemned the "vulture politics" of the saffron camp, further requesting it not to politicize the death.
The Bharatiya Janata Party dubbed the arrest as scripted and claimed he was in the safe custody of West Bengal Police.
Communal violence took place in West Bengal and Bihar during Ram Navami
The CAA, enacted by the BJP-led government at the Centre in 2019, aims at granting Indian citizenship to persecuted non-Muslim migrants, including Hindus, Sikhs, Jains, Buddhists, Parsis and Christians, from Bangladesh, Pakistan, and Afghanistan who entered India before December 31, 2014.
'From a risk-return perspective, large-cap funds may generate lower-than-historical average returns in 2024, whereas mid-, and small-cap funds hardly have any upside left.'
Leader of the Opposition in West Bengal assembly, Suvendu Adhikari of the Bharatiya Janata Party, on Monday claimed that he was not invited to President Droupadi Murmu's civic reception on Monday evening.
On November 30, President Droupadi Murmu presented the Sports and Adventure Awards 2022 at Rashtrapati Bhavan.
There's a new duet in the BJP, and it is not sweet music to everyone's ears.
The home minister called up the chief minister to express serious concern over the reports of large-scale violence.
The research would lead to a better understanding of metabolic reprogramming and aid the development of better therapeutics to deal with the viral pandemics, an institute spokesperson said on Wednesday.
It's believed that he wants to strengthen the Bharatiya Janata Party at an all India level. He wants to see that gains made in terms of percentages of votes in West Bengal and Tamil Nadu multiplies.
The Bharatiya Janata Party decided to put on hold Shah's proposed rally and the Rath Yatra, saying it will wait for the final order from the high court, which will now hear an appeal by the saffron party on Friday morning.
A Trinamool Congress legislator on Sunday threatened to not support any bill tabled by the government in the West Bengal Assembly in the future and abstain from voting in the upcoming Rajya Sabha polls in the state if 'atrocities' on his loyalists allegedly by a rival faction continued, even as the Bharatiya Janata Party said the collapse of the Mamata Banerjee government was just a matter of time.
The ED officers are conducting raids at 15 places in the state during the day and Sajahan's house is one of them, an officer said.
Corporate India is busy restructuring - through mergers, demergers and splits. That seems to be the new normal as CXOs and boards brainstorm on how to create assets and value. The pitch rose significantly during the third quarter of this financial year (FY24), translating into $32.9-billion worth of such deals - the highest quarterly total since the HDFC Bank-HDFC merger announced in FY22 Q2.
The news of Shah joining the Cabinet came from Gujarat BJP chief Jitu Vaghani, who tweeted a congratulatory message. "Had a courtesy meeting with our mentor Amit Shah and gave my best wishes to him on his inclusion as a strong member of the Prime Minister Narendra Modi's council of ministers," he tweeted.
Banerjee, who was speaking to reporters at West Bengal's state secretariat, said that her party's name will remain the All India Trinamool Congress.
Shah said BJP worker's family had complained that his body had been taken away forcibly.
Of the four assistant sub-inspectors, three are from Kaliaganj Police Station and one is from Raiganj Police Station.
Uttam Ghosh offers his take on the speculation about who's really in charge of the BCCI -- Dada or Dad's putra?
The BJP chief began his speech with the slogan of uprooting the TMC government from Bengal and said in order to do that, he would visit all the districts of the state.
The impact of the explosion "was so massive" that the factory, which was being run from a residential building, collapsed, the police said.
The pilot of Vishal Bhardwaj's much-anticipated adaptation of Agatha Christie's The Sittaford Mystery is here. Aditya Roy Kapur's hotel manager takes on Anil Kapoor's all-powerful arms dealer. Idris Elba is back in action. Sukanya Verma shares her OTT recommendations this week.
While Sharath is the lone Khel Ratna award recipient, a total of 25 athletes including shuttlers Lakshya Sen, HS Prannoy, woman boxer Nikhat Zareen, athletes Eldhose Paul, Avinash Sable have been nominated for the Arjuna Award this year.
Amit Gupta, MD, Sag Infotech, answers your personal income tax queries.
Raju Mahali and Geeta Mahali, who had hosted Amit Shah on April 25 during his visit to the area, on Wednesday joined the TMC in the presence of senior TMC leader and tourism minister Gautam Deb.
The Gujarat high court has suspended the life sentence of Shiva Solanki, an accused in the 2010 murder of RTI activist Amit Jethwa, and granted him bail pending hearing of his appeal against his conviction by a CBI court.
Sharath is the lone Khel Ratna award recipient, 25 sportspersons, including shuttlers Lakshya Sen, HS Prannoy, woman boxer Nikhat Zareen, track and field athletes Eldhose Paul and Avinash Sable, were conferred with the Arjuna Award.
Within three trading sessions in May, foreign portfolio investors (FPIs) have pumped in Rs 9,461 crore into Indian equities. This follows net inflows worth Rs 7,936 crore in March, and Rs 11,631 crore in April. The trend, analysts said, could continue going ahead as the US Federal Reserve may soon halt its interest rate hike cycle, which will strengthen foreign fund inflows into emerging markets, including India.
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