The Vivaad se Vishwas scheme is a replica of the Sabka Vishwas (Legacy Dispute Regulation) Scheme, 2019 (SVLDRS) for indirect tax litigation. The hope is that this would unlock revenue blocked in long-drawn litigation at various forums. Sources in the department say the total value at stake in these disputes would be Rs 5-6 trillion.
US proposal to raise the global corporate tax rate to 28% from 21% might face resistance from countries unwilling to give up their edge and compete with America on its terms.
The revenue collection in the same month a year ago stood at Rs 94,442 crore.
The US has the distinction of destroying a flawed but functioning State thrice since 1979. Pakistan has been their constant accomplice, explains Shekhar Gupta.
Lenders say settlements will cross over 100 accounts in the March quarter.
The Budget has relaxed a few safe harbour rules that aim to make it easier for fund managers overseeing offshore India-focused funds to relocate to the country.
Ninety-nine companies, which also include some unlisted ones, have more than Rs 100 crore each of minimum alternate tax credit on their books, cumulatively adding up to Rs 75,000 crore. By utilising MAT credit, many companies will be able to bring down their effective tax cost.
'Demand in India has been outstripping supply.'
Master tailors, textile manufacturers and custom clothiers, however, say the upcoming festive season, reinvention in the form of new collections and digital outreach are salvaging the situation somewhat.
The $306-million investment in Ola Electric Mobility by SoftBank Corp, Arun Sarin Family, Ratan Tata and Matrix has been the biggest funding in this space in value terms this year.
After nearly two decades of nuclear competition with Pakistan, India with the several long-range ballistic missiles in development is seemingly now paying attention to its future strategic relationship with China, a think-tank report has said.
China is now the most significant strategic concern in Washington, as in most of the world's capitals, especially the democracies. Today, strategic autonomy has acquired a sharper definition: To ward off the Chinese challenge to India's territorial integrity, sovereignty and regional stature, observes Shekhar Gupta.
Havmor makes 150 products from its two plants and has around 30,000 dealers
Consumers can easily file cases against e-tailers now.
One of the grey areas is whether the anti-profiteering provisions can provide for a comparison of tax rates between the pre-GST and post-GST eras, says Niraj Bagri.
'India does not have the wherewithal to successfully manage a full blown covid-19 crisis,' warns Vivek Gumaste.
How can you access the bank account of an incapacitated person?
The Indian Army on Monday celebrated the Infantry Day, marking the landing of first batch of troops in Kashmir 67 years back to push back Pakistani troops, with Prime Minister Narendra Modi paying tributes to the martyrs who dedicated their lives to protect unity of the country.
To honour the supreme sacrifice of the infantry in fighting the Pakistani raiders in Jammu and Kashmir in 1947, the Indian Army on Tuesday celebrated its 68th Infantry Day with traditional solemnity and gaiety all across the Northern Command.
Now that the National Pension Scheme offers more choices than the Employees Provident Fund, is more transparent and also allows to choose the level of allocation to equities as investors like, should one switch to the NPS?
Arjun Sarja talks about his Kannada directorial debut that hit the marquee last week.
Indian Ambassador to the United States Dr S Jaishankar told Rediff.com's Aziz Haniffa that it was "a very nice meeting and President Barack Obama was extremely cordial."
In the past three years 2,557 murder cases have been registered against juveniles, while 2,073 cases of abduction and 2,061 cases of attempt to murder were also registered. Vicky Nanjappa reports
One of the key concerns of foreign investors is how the general anti-avoidance rule would apply in case an investor is availing benefits under double taxation avoidance agreement.
Investigations in the Patna serial blasts showed an Indian Mujahideen link with the Jharkand police claiming on Monday that one of the two arrested terrorists who was believed to be the mastermind belonged to the nascent "Ranchi module" of the banned terror outfit.
HNIs are scrambling to do so, as they fear government might introduce inheritance tax. This haste could cost them dear, reports Sanjay Kumar Singh
The Supreme Court has introduced the Middle Income Group Legal Aid Society, where the lawyer's fees are capped. But there are certain conditions, reports Tinesh Bhasin.
Anupam Mittal, the fund man behind OlaCabs has lined up more investments.
There were fewer Series-B deals this year versus last, but more money was raised
The minister said any declaration made under the law will be protected
Prime Minister Narendra Modi's real test will be whether he can bring a longer-term vision to India's foreign policy planning, says Ravi Agrawal.
Manu Kumar Jain, India head, Xiaomi, tells Sangeeta Tanwar how the Chinese smartphone maker won over the Indian market.
India Test regulars like Cheteswar Pujara and Ishant Sharma have also thrown their hat into the ring with base prices of Rs 50 and Rs 75 lakh respectively.
'If ever India loses its patience after repeated terror attacks and decides to retaliate against the terrorist camps, Pakistan may term that a conventional military attack and invoke the nuclear option. This is a way to continue with terrorism without retaliation.'
