Other forms of securities such as compulsorily convertible debentures (CCDs), optionally convertible debentures (OCDs) and some derivatives could remain out of the scope of the amendments
The enforcement agency is looking to ensure that no big deals or transactions, such as the one Mallya struck with Diageo for Rs 500 crore, take place.
Face Rs 1,000-cr minimum alternate tax demand
Top American lawmakers and eminent Indian-Americans have hailed President Barack Obama's decision to nominate Richard Rahul Verma as his next envoy to India, noting that he would make an excellent ambassador.
Companies feel higher rates in India would not be justified.
The disagreement between the Centre and states continued over administrative powers.
The gross bad debt of the Indian banking system as of March was at Rs 7.11 lakh crore
Undisclosed overseas assets such as immovable property, jewellery, shares and art works will be valued at fair market price for the purpose of tax and penalty under the new black money law.
This is yet another large energy deal for Warren Buffett in the western United States.
Financial institutions at the risk of US sanctions as sharing of documents on SC directive amounts to violation of existing agreements.
Any transaction where the value of Indian assets exceeds 50% of the FTC would attract taxes in India.
Deutsche Bank in India has managed to avoid the bad-loan problems plaguing its rivals such as Standard Chartered Plc.
Banking secot to see major changes by 2020.
Portfolio investors based out of the US and other countries with which India does not have favourable tax treaties will have to pay a 15 per cent tax on their derivative transactions, after the Budget decided to classify income from all foreign portfolio investment as capital gains.
With Nexa, the value-for-money mass-market car maker hopes to attract premium buyers. Sangeeta Tanwar reports.
This is the first time airwaves in 700 Mhz band will be put up for auction
Arun Jaitley said he would put the DTC Bill in cold storage.
GST will lead to consolidation of multiple indirect taxes
Laggards yet, a number of smaller PSBs in the category have balance sheets which do not give much comfort.
Laggards yet, a number of smaller PSBs in the category have balance sheets which do not give much comfort.
Post-elections, the pace is expected to be greater for inbound deals, which have been largely pushed back for many months now for want of better clarity on the policy stance of new government, experts said.
Iconic Dalal Street investors Rakesh Jhunjhunwala and Radhakishan Damani, known for their stock picks, have forged an unusual partnership to make Bollywood flicks.
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.
Last Saturday, USL board asked its Chairman Vijay Mallya to quit.
Jaitley sets condition of 50% assets for applicability of capital gain tax.
The development is expected to pave way for greater transfer pricing cooperation between the two countries, enhance investment flow
Goods like chocolates, chewing gum, shampoo, deodorant, shoe polish, detergents, nutrition drinks and marble will now attract 18% GST>
It should cover mandatory expenses, insurance premiums and loan installments for six months to a year.
An estimated $344 billion has been illegally removed from the Indian economy between 2002 and 2011
Despite a temporary relief, foreign investors still see the sword of double-taxation hanging above their hard earned returns.
This gains importance in the backdrop of speculation on a second term for Raghuram Rajan.
In a lawsuit filed through national plaintiffs' law firm Lieff Cabraser Heimann & Bernstein, LLP (Lieff Cabraser), Indian national Suraj Kamath on Wednesday charged that Bosch unjustly enriched itself by requiring all of its non-US citizens employees to pay to Bosch federal and state tax refunds the employees had received while working in the US.
Top management of firms should be summoned for a few specified reasons and after written justification at a senior level.
As per Indian tax laws, bonus in kind paid to the employees could be considered as salary income in the hands of the employees.
A summary of sports events and persons who made news on Thursday.
Finance Minister Arun Jaitley takes a protectionist stance in favour of domestic companies, increases customs duty on certain products.
TRAI said that Internet service providers would not be allowed to discriminate on pricing of data access for different web services.
Despite difficult working conditions, Indians are still seeking jobs in Gulf countries
The agency did not seek a reappointment in FY12.
The new 10 per cent dividend tax will be payable only on dividend income over and above Rs 10 lakh threshold in a year, according to an amendment to the Finance Bill 2016 approved by Lok Sabha.
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