Experts pointed out the move will only help taxpayers temporarily, as the tax liability remained the same and the date for advance tax has not been extended.
This amendment is proposed to be made retrospectively effective from FY16 onwards.
One of India Inc's top demands is the abolishing of the MAT.
In the quarter ended September, the company's employee costs rose to an all-time high of Rs 1,580 crore (Rs 15.8 billion), even as company's margins took a beating.
Apart from making your purchases on these platforms expensive, it will also mean sellers will have to face the brunt of reduced cash flows amid already low margins for some. Experts said the proposal, which will take effect on April 1, 2020, and will be inserted as a new section in the Income Tax Act, is expected to affect the working capital of e-commerce companies and reduce cash flows for e-sellers.
Explain reasons for uneven bequest in the will and make small changes to it regularly to show that your intention remains unchanged.
Sections in the draft Personal Data Protection Bill are a blatant violation of the Right to Privacy as guaranteed by the Constitution.
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Firms with low promoter holding may get to buy shares from secondary market.
Include digital assets in a will, as e-mail and social networking websites don't provide account access to legal heirs.
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