Combined debt-equity ratio of top companies declines but interest expenses outgrow profits.
The onus to explain that the gold jewellery was inherited or bought from known sources of income would be on the owner.
Amid persistent fear of prosecution and penalty, people across income classes are looking for ways to do away with stacks of higher denomination currency.
The Disciple is an ode to music and a salute to Mumbai. The city can be harsh, but it also lets the voices of struggling classical musicians exist, although often they live on the edge of society, observes Aseem Chhabra.
The broader markets ended mixed with mid-caps gaining 0.1 per cent and small-caps falling 0.1 per cent on the BSE.
Rationalisation in taxation on the retirement scheme puts significant money in the hands of investors.
To save promoters from 10% levy, 70 firms call board meetings on interim pay.
The proportion in which a joint home loan is taken is important.
This move to make it easier for funds to avail of tax exemptions.
'If this first instalment of advance tax is paid by June 30, instead of June 15, then the interest on delayed payment will be levied at 0.75% per month instead of 1% per month,' notes Homi Mistry, a partner with Deloitte India.
If the sum assured is less than 10 times premium, the proceeds will be taxed.
This route accounts for Rs 2.75 lakh crore of FPI holdings.
Arun Jaitley said he would put the DTC Bill in cold storage.
The tax computation compares the original cost, along with the stock value on January 31, and grants benefit of the higher of the two.
Consensus seems a problem before the current session of Parliament ends.
It hopes to leverage the growing number of mobile transactions
Many hurdles that investors could have faced after enrolling for the scheme have been removed.
The adjustment orders for AY2012, are expected between January and March 2016.
From 100% tax deductions for contributions to PM-CARES fund to extending the due date for linking Aadhar and PAN card, the government has provided various tax relief and extensions in deadlines for statutory compliances, says Homi Mistry.
Exemption from minimum alternate tax for REITs & infrastructure investment trusts; Depository receipts on all securities eligible for tax benefit
The tax imposed on buyback of shares and employee stock options is different in case of listed and unlisted companies, says Sudipto Dey
Expressing disappointment over the hike in repo rate by the RBI, India Inc on Friday said a rate cut by the bank would have helped ameliorate sentiments as businesses are "reeling" under a tight liquidity crunch due to high cost of capital.
Clarifies 'profit-split' will not be only method to compute tax
The size of corporate fraud in India almost doubled after 2009, and such cases also increased in number, said a report from Thought Arbitrage, a think tank in Delhi.
At least 200 investors have to furnish financial statements
The Supreme Court-appointed Special Investigations Team on black money has also proposed that holding more than Rs 15 lakh in cash be made illegal for individuals and for companies, report Tinesh Bhasin and Sanjay Kumar Singh.
This is the first time airwaves in 700 Mhz band will be put up for auction
Under the amended treaty with Mauritius, for two years beginning April 1, 2017, capital gains tax will be imposed at 50 per cent of the prevailing domestic rate.
The development is expected to pave way for greater transfer pricing cooperation between the two countries, enhance investment flow
Its officers would wear black bands on Monday, which is also Martyrs day, the IRS Association (Customs and Central Excise) has said.
The government has made employers responsible for verifying whether the claims filed are according to the law. Earlier, companies went only by self-declaration of employees.
There will be higher charges for bank account-holders.
The tax dept has served notices on about 36 foreign investors.
Calculate the tax already paid via TDS, and accordingly arrive at your tax liability for the year.
Unless they have capital gains or assets abroad, most individuals will need to file ITR-1 or ITR-2A.
A handful of online retailers have started offering alcoholic beverages through the e-commerce route since then. Letsbuydrink.com caters to Delhi, Gurgaon, Faridabad and Mumbai and offers imported alcoholic beverages for sale.
Firms with low promoter holding may get to buy shares from secondary market.
Instead of only government departments and state-owned undertakings, the CAG can now audit private companies, too.
Recent easing of restrictions does not address the pain in the sector.