Reaching a consensus might also get tougher, as already seen with issues like inclusion of natural gas in GST and imposition of a sugar cess, both central proposals being resisted.
Alibaba Group Holdings Ltd may scrap plans to invest in online marketplace Snapdeal, technology website Recode has reported.
Bankers have hailed the Prime Minister's call to end "financial untouchability" and opened millions of accounts on the inaugural day itself.
Mauritius and Singapore account for the bulk of the $278 billion in foreign equity investments since 2000
In the Budget, the government has banned cash transactions above Rs 300,000. This means that people will have to pay stamp duty and registration charges on the actual cost of transaction.
Now, funds from Mauritius interested in India will have to weigh paying capital gains taxes that could range from zero to as much as 20 per cent
Car sales likely to touch record 3-mn mark by the end of March.
With recent rate cuts, November collections could be even less
The 10 accused in the case include prime accused Satyam Computers founder and former chairman B Ramalinga Raju, his brother and Satyam's former MD B Rama Raju, ex-CFO Vadlamani Srinivas, former PwC auditors Subramani Gopalakrishnan and T Srinivas, Raju's another brother B Suryanarayana Raju, former employees G Ramakrishna, D Venkatpathi Raju and Ch Srisailam, and Satyam's former internal chief auditor V S Prabhakar Gupta.
Centre, with states, to change methodology of calculating domestic power rates, set standards for consumer tariffs
Whether you give stocks held for more/less than a year, benefits are nominal; donating cash is better.
A dialysis machine contributes only 6 per cent to the overall cost.
Majority expect economy to slow down, but are satisfied with Modi govt's performance.
If your case is picked up for random scrutiny, any of the tricks that you or your financial advisor may have used to avoid tax will be easily detected.
Reliance ADAG, Tech Mahindra among top recruiters at IIM-A
The recommendation, if implemented, is likely to face opposition from the government's key support base among Hindu traders and businesspersons.
The I-T department will rely on data analytical tools and run models to separate black money holders and genuine taxpayers based on the large data base being shared by banks.
Within the next two years, verification and scrutiny of returns will happen electronically through anonymised back offices manned by tax experts and officials. It will function without any personal interface between taxpayers and tax officers. Both the taxpayer and the tax officer will not know each other -- who is scrutinising whose return, and at which place, points out Kuldip Kumar, partner and leader personal tax, PwC.
The Enforcement Directorate in October last year had filed the complaint against Raju and 212 others, including 166 companies, before the XXI Additional Chief Metropolitan Magistrate Court cum Special Sessions Judge here for allegedly laundering funds under a 'corporate veil' to perpetrate the accounting scam that rocked the business world in 2009.
Charges against Raju and others include criminal conspiracy and forgery.
Tata Sons has moved the Supreme Court against an estimated Rs 300-crore (Rs 3-billion) sales tax demand from the Maharashtra state government.
Amid persistent fear of prosecution and penalty, people across income classes are looking for ways to do away with stacks of higher denomination currency.
Foreign reinsurance companies are now allowed to do business in India.
Hailing Prime Minister Narendra Modi's Make in India campaign and the emphasis on ease of doing business, India Inc today said the initiative mirrors the country's ambition to sprint ahead in the global manufacturing race, thereby creating jobs and boosting economic growth.
In the next few days, use credit/debit cards wherever possible or download your bank's mobile banking app or a mobile wallet.
Alibaba in talks to invest up to $700 million in Snapdeal
With at least three IPOs in the offing this year, stock market investors have a lot to look forward to.
Indrani dressed in a short purple kurta and leggings, with a bandhini green-purple chunni, sindhoor glowing in her mang, was receiving a drubbing from her lawyers for the facts she had revealed before the court on Tuesday while arguing the rejoinder to her bail application. She was insisting: "But he asked me for a motive!"
Prabhu's maiden Railway budget is high on vision.
Saudi Arabia is insisting on 'In Kingdom' total value-addition requirements
Prominent e-commerce marketplace players include Amazon.in, Flipkart, Snapdeal, Paytm, Shopclues and Jabong
With Sebi clearing the final guidelines for creation of Real Estate Investment Trusts (REITs), assets worth around $12 billion are likely to be listed in the next 2-3 years.
Thanks to Budget 2018, seniors can invest more and also save more.
Define ownership proportionately at the time of registration to ensure that you don't face problems on taxation front.
If the government decides to go back to the old regime where the EPF was not taxed but the NPS was, the latter will become an unattractive product.
Inter-state supply may come under GST composition
There have been demands from a section of stakeholders that the long-term capital gains tax on equities be reimposed.
Besides the thrill of changing cars quite often, a higher tax deduction is available, experts tell Tinesh Bhasin
Taxability of LPG subsidy and other direct benefits paid directly into bank accounts of beneficiaries is unclear.
The Indian business community wants to see a strong stable government with a willingness to reform, break down the shackles of the past which is holding India back.
