Concessional rate of tax on dividends received by Indian companies from foreign subsidiaries will be done away with from April 1, a change that may hamper global expansion of Indian companies and compel some firms to move their headquarters out of India to geographies such as Singapore and Dubai. At present, dividends received by Indian companies from their foreign subsidiaries are subject to a concessional tax rate of 15 per cent under Section 115BBD of the Income Tax (I-T) Act. The provisions of this section shall not apply from assessment year 2023-24 onwards, according to the Finance Bill.
In another first, the venue of the ceremony was shifted to the newly-built auditorium instead of the CJI's courtroom, the traditional place for such a ceremony.
Sena has challenged the Governor's June 30 decision to invite a coalition of the Shinde faction and the BJP to form government in Maharashtra.
It clarified that its interim bail order is with respect to the FIR lodged in Sitapur and has nothing to do with a case registered against him in Delhi.
The Supreme Court of India, by a majority view of 3:2, on Monday upheld the validity of the 103rd Constitution amendment providing 10 per cent reservation to people belonging to the economically weaker sections (EWS) in admissions and government jobs.
Uber and WhatsApp on Thursday announced a partnership that will allow people in the country to book a ride via WhatsApp - a global-first initiative by the ride-hailing platform. With this integration, riders will no longer need to download or use the Uber app. Everything - from user registration, booking a ride and getting a trip receipt - will be managed within the WhatsApp chat interface, a statement said. The integration is a global-first for Uber, and it will make booking a ride as easy as sending a WhatsApp message, it added.
Communal violence is like a lava erupting from a volcano which scars the ground it touches, senior advocate Kapil Sibal told the Supreme Court on Wednesday while arguing for Zakia Jafri who has challenged the SIT's clean chit to 64 persons including Narendra Modi, the then Gujarat chief minister during the 2002 riots there.
'With our focus and strategy we can solve at least 20 per cent per cent of India's education problems.'
Under the Vivad se Vishwas scheme, the MNCs will have to bring in disputed amount to India, else, the entire money will be considered as loan from subsidiaries on which interest will have to be paid.
The government has tweaked the income tax laws to make it easier for the new owners of loss-making public sector undertakings (PSUs) to carry forward the accumulated losses and set them off against future profits. This will result in significant tax savings for the new owners if they are able to turnaround operations of the ailing PSU within a few years. This will, in turn, boost the post-tax earnings and returns for the new owners.
In a communication to his troops on the occasion of the 'Valour day' of the force, CRPF Director General (DG) A P Maheshwari asked them to be strong and fit for serving the country during these tough times.
The Supreme Court Tuesday said it would hear on October 26 a plea filed by Zakia Jafri, the wife of slain Congress leader Ehsan Jafri, challenging the Special Investigation Team (SIT) clean chit to Narendra Modi, who was the Gujarat chief minister during the 2002 riots in the state.
The court said had the prosecution witnesses not turned hostile, the outcome of the trial would have been different.
While a coordinated aggressive monetary easing from the central banks is most likely to offer some respite in the near-term, it is unlikely to improve the sentiments.
In a special campaign from April 2017 till July 2021, 13,801 cases were lodged under the Gangster Act and 43,294 accused arrested, while the National Security Act was invoked against 630 people, Additional Director General of Police, Law and Order, Prashant Kumar said.
A bench headed by Justice Sanjay Kishan Kaul sought response from the West Bengal government on five separate pleas filed by BJP leaders alleging foisting of criminal cases to deter them from political activities and said interim protection from coercive action will continue till the next date of hearing.
A row erupted after the Chief Justice of India Ranjan Gogoi-headed five-judge Collegium in a fresh resolution on January 10 recommended the elevation of Justice Dinesh Maheshwari and Justice Sanjiv Khanna to the Supreme Court bypassing the seniority of several judges.
It is for the first time in the history of the apex court that nine judges took oath of office at one go.
The Supreme Court on Wednesday directed the Maharashtra government to submit data on Other Backward Classes to the State Backward Classes Commission to examine its correctness and make recommendations on their representation in elections for the local bodies.
DDT is levied on dividends that a company pays its shareholders out of its profits. It is currently charged at the rate of 20.55 per cent, including a surcharge and education cess. Government may instead tax the shareholders receiving dividends, in a bid to help improve investor sentiment by addressing the multiplicity of taxes and bring down the effective tax rates for companies.
"The coronavirus outbreak in the 31st battalion of the force has been viewed seriously. The Director General (DG) has directed to gear up the force to face the challenge of the pandemic during 'hotspot policing' duties and while rendering other security related tasks," a senior officer said.
New Delhi and Washington have agreed to count the benefits of a global agreement on taxation from the next financial year. However, the benefits would actually accrue once the global pact comes into effect or March 31, 2024, whichever is earlier, in the form of credit.
Aditi kept herself in prime position of delivering a first-ever medal in golf for India with birdies on Hole Nos. 2, 5, 15, 17 and 18.
Rediff readers tell us how they are keeping the kids busy in the lockdown.
Attorney General K K Venugopal has refused his consent for initiating criminal contempt of court proceedings against Bollywood actor Swara Bhaskar for her alleged 'derogatory and scandalous' statements against the Supreme Court over the Ram Janambhoomi-Babri Masjid case verdict.
The total amount covered by interim orders of no coercive action passed by the courts in such matters is approximately Rs 67,000 crore, the government told a bench headed by Justice A M Khanwilkar.
Meet Sandeep Maheshwari who runs ImagesBazaar that has over 800,000 Indian pictures making the largest stock of Indian images in the world.
The simplified form will comprise details of taxpayers' mutual fund transactions, pending and completed income tax proceedings, status of income tax demand, besides tax deducted at source and tax collected at source. Form 26AS is an annual tax credit statement containing details of various taxes deducted on income.
The top court noted many recipients of foreign contributions had not utilised the same for the purposes for which they were registered or granted prior permission under the Act.
'The markets have corrected almost 8-9 per cent from their highs, so one can accumulate quality stocks at reasonable prices.'
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 pandemic should force you to take a hard look at the downside risks that could jeopardise your finances.
The Supreme Court Thursday dismissed a plea filed by Facebook India Vice President and MD Ajit Mohan challenging the summons issued by the Delhi Assembly's Peace and Harmony committee for failing to appear before it as witness in connection with the north-east Delhi riots last year.
The Supreme Court of India on Tuesday fixed for hearing on April 13 the plea of Zakia Jafri, wife of slain member of Parliament Ehsan Jafri, challenging the SIT's clean chit to then Gujarat chief minister Narendra Modi in the 2002 riots, saying it would not entertain any request of adjournment on the next date.
The new judges of the top court include Justice B V Nagarathna, who will be in line to be the first woman Chief Justice of India (CJI) in September 2027, Justice Bela M Trivedi, Justice Hima Kohli, Justice C T Ravikumar, Justice M M Sundresh, and senior advocate and former Additional Solicitor General P S Narasimha.
The ministry said it was an anti-abuse provision amid growing instances of NRIs shifting their stay in low or no-tax jurisdiction to avoid tax payment in India.
Twitter has 'withheld' 50 tweets related to a communally sensitive video clip of an elderly Muslim man in Ghaziabad, Uttar Pradesh on the microblogging platform, according to sources.
Parliament and state legislative assembly are regarded as 'sacred places' and there can be no place for disorderly conduct in the House, where members are expected to show statesmanship and 'not brinkmanship,' the Supreme Court said on Friday.
Sanjib Jha, CEO, Coverfox Insurance Broking, answers your health insurance related queries.
AAP to campaign against the ruling party at the Centre to apprise the people of the real face of the BJP.
