Besides 15 loan transactions to the Siva group of companies, the former directors also used unique methods to ensure the group did not get into the default list.
'There is a huge tax differential of 15% to 20% depending on income classification.'
The norms will affect companies in pharma, energy, manufacturing, software sectors.
In Mumbai, Xenium, an interactive digital agency, is launching a VR lounge later this month.
In Mumbai, Xenium, an interactive digital agency, is launching a VR lounge later this month.
The price of petrol breached a three-year high on Monday at Rs 74.50 a litre, while the price of diesel was at its highest at Rs 65.75 a litre
Adjusted for inflation, the earlier scheme would have collected Rs 25,000 crore.
Freight rates for 12 commodities hiked.
Irrespective of demonetisation and GST blues, IIM Lucknow has been able to successfully place their batch of 459 students.
Across 10 prominent services, revenue to the government reduced by 20 per cent in the first year of GST compared to the last year of the service tax regime. This happened despite tax liability against these services growing by 50 per cent in one year.
The govt could allow start-ups and e-commerce cos to appropriate initial brand building expenses over several years for accounting benefits
The Centre has projected reining in its fiscal deficit at 3.3 per cent of GDP in FY19.
Pratt, who joined the firm in 2004, has left the company to start his own entrepreneurial venture.
The major reason for the policy confusion over e-vehicles is the lack of conviction within government about the utility of this disruptive technology and its role in India's larger Paris Agreement climate change commitments.
Finance Minister Arun Jaitley is likely to slash corporate tax rate by about one per cent and may put an end date for certain exemptions availed by the industry.
These plans aren't likely to put substantial cash in your hands.
'The web of transactions is so complex that it requires expertise to understand the strategies involved in each fraud.'
Long-term funding was a requirement for infrastructure projects, and asset-liability mismatch in the banking system, impacts the access to finance for infrastructure projects. One of the key challenges would, however, be to get private sector back into investing.
Analysts on Wednesday welcomed the Reserve Bank's decision to grant bank licences to Bandhan and IDFC, but expressed dismay that only two of the over two dozen aspirants made the cut.
China Development Bank takes Reliance Communications to NCLT over loan default
Reliance ADAG, Tech Mahindra among top recruiters at IIM-A
Ruural markets contribute a significant chunk of SUV sales and there was a slowdown in demand from semi-urban and rural areas.
India is set to sign an agreement with the US to resolve transfer pricing disputes, which will then serve as a template for settling such rows with multinational companies based in the UK, France and other European countries.
'The manufacturing sector and the capital goods industry need all the support that the government can provide, because they are working in a global market where trade restrictions are coming down every day,' says Amar Kaul.
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RIL had objected to the state government's decision to receive bids in sealed envelopes instead of an open auction.
Agriculture implements that are currently taxed up to 18 per cent may come under the 12 per cent or the 5 per cent bracket.
Documents such as PAN card, Aadhaar card, I-T return papers, which are used for KYC, can get leaked from a number of sources. Other prominent sources are the direct sales agents and photocopy shops, say Sanjay Kumar Singh.
Budget smartphones will rule the market in 2015.
Here's why a career in digital marketing in 2015 will be very lucrative.
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The GST will subsume most of the indirect taxes like excise duty and service tax
While an import duty is ruled out, a small excise duty on jewellery manufacturing can be on the cards.
There have been demands from a section of stakeholders that the long-term capital gains tax on equities be reimposed.
With 1.35 billion users of its Internet social network, Facebook Inc would rank as the world's second-most populous nation if it were a country.
The tax computation compares the original cost, along with the stock value on January 31, and grants benefit of the higher of the two.
The corporate income tax breaks make up a relatively small part of $80 billion in business giveaways.
At a time when the asset quality of state-owned banks is deteriorating, the Reserve Bank of India is also planning harsher penalties for wealthy promoters of wilful defaulters.
Common items between Centre and states - bread, eggs, milk, vegetables, cereals, books and salt - will continue to be exempted.
Relief would only be for unlisted companies; listed ones already have to prepare statements once a year.
The new return forms also make life easier for expatriates.
USL board said its second forensic audit by EY has revealed fund diversion worth Rs 1,225 cr to Mallya companies.
