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.
The tax computation compares the original cost, along with the stock value on January 31, and grants benefit of the higher of the two.
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.
Aerated drinks, mineral water, travel packages, coaching classes and beauty parlour services might also cost more
The move would help tax authorities get leads on evasion.
An analysis of year-wise movements of average global crude oil prices versus India's GDP reveals no inverse correlation, contrary to wide belief.
5,565 contracts, valued at $201 billion are up for rebids across geographies and verticals by 2018.
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The new capital of Andhra Pradesh is expected to be in the Vijayawada-Guntur region.
With its new hybrid annuity model, the government is confident of getting more funds from India Inc.
The Delhi circle licence will be available in the efficient 900 MHz spectrum, which is why Videocon is interested.
The Tata Group had acquired its UK steel operations as part of a 6.7 billion pounds acquisition from Anglo-Dutch steelmaker Corus in 2009.
The country's narrowing power deficit and increased coal production may not be indicators of the end of stress in the industry. Amritha Pillay reports.
Many millennials believe that they have enough time to plan for long-term goals, hence they do not worry about goals such as retirement.
Budget may bring exemption for those backed by Indian securities other than shares
Unless they have capital gains or assets abroad, most individuals will need to file ITR-1 or ITR-2A.
Bharti to spend Rs 1,600 cr for spectrum payout over 10 yrs; Telenor to service its own debt.
There will be some populist announcements in Budget.
Ajit Balakrishnan envisions a flag to capture the spirit of the impending conflicts of the Information Age.
Over-expansion, bad management, and multiple allegations irreparably taint Malvinder and Shivinder Singh
The tax imposed on buyback of shares and employee stock options is different in case of listed and unlisted companies, says Sudipto Dey
The top court last week gave Sahara a final chance to raise funds.
Domestic I-T laws require you to deduct tax on software, e-books and music albums; must report every such transactions while filing returns.
This route accounts for Rs 2.75 lakh crore of FPI holdings.
The adjustment orders for AY2012, are expected between January and March 2016.
The GST will also be applicable on the non-compete amount given by an employer to an outgoing employee, report Indivjal Dhasmana and Sudipto Dey.
The sector is witnessing weak tendering.
Last Saturday, USL board asked its Chairman Vijay Mallya to quit.
The new Income Tax return forms are much simpler in many respects.
Recent easing of restrictions does not address the pain in the sector.
Those taking up a job abroad should notify their bank about the change in status and open appropriate NRI accounts
Urban mass transit authority to be set up; it will act as nodal agency for planning and coordination of project related works.
Sebi directs freezing of all demat accounts not linked to Aadhaar by December 31
The term binge-watching was the runner up in Oxford Dictionaries Word of the Year in 2013. Indians may have come late to the party a little later, but we're making up for lost time, says Shuma Raha.
The 0.5 per cent Krishi Kalyan Cess (KKC) on all services increases the total tax chargeable on services to 15 per cent, making it expensive to dine out or travel.
As coal stocks at thermal plants fall to critical levels, economic recovery could be hi.
