A panel will draft direct tax legislation, keeping in mind the system in other countries, international best practices and economic needs of the country
Its proximity to popular tourist destinations like Agra, which attracts 45 per cent of the international passenger traffic at IGI, could be diverted to Jewar.
The point to note is that since the new rebate is up to a taxable income of Rs 5 lakh, if anyone earns even little more (say, even Rs 100 more) than this amount, he would have to pay all the taxes, according to the existing slabs.
'These firms do not contravene provisions of Chartered Accountants Act, 1949, which bar members of the countries not allowing Indians to practice accountancy in their jurisdiction to become chartered accountants in India,' said the committee, headed by Anurag Agarwal, a joint secretary in the ministry of corporate affairs, and such Indian audit firms cannot be equated with multi-national corporations.
Jaitley has announced increasing the super-rich surcharge to 12%.
Like everything else, the structure of banks may change, and banks may depend more on digital technologies and artificial intelligence for dealing with both their customers and employees.
They are evaluating realignment of warehouses and supply chains, besides exploring locations to set up hubs and shutting down some distribution centres
Experts say, auditors must not allow themselves to be intimidated by the client management into conducting audits by conversation. It is important for auditors to conduct proper interviews and ask probing and searching questions.
After the IT giant declared a bonus, investors selling shares may have to shell out 4-5 times more tax
In a major reform push, government on Thursday approved 100 per cent foreign direct investment (FDI) in the telecom sector, meeting a key demand of the fund-starved industry.
USL is already contesting a Karnataka High Court order.
More companies with unconventional business models to get into messy legal hassles in India.
Bankers said the SC verdict might prolong the resolution process and force lenders to bring back cases to the drawing board.
If advance tax revenue fails to meet the expected growth, these PSUs could be asked to pay taxes on past demands raised against them.
Abhishek Singhania left a career at PwC to work in a food security project as a research fellow.
Experts say that under the liquidation process, financial and operational creditors are less likely to recover the full-value of their dues, while employees may not get their full salaries.
Additional solicitor-general says extra-neutral alcohol liable to new tax
Centre meets target of 18,000 villages but household metering remains a challenge
However, economic growth in five years of the UPA and NDA cannot be compared because of the now complex back series data, reports Indivjal Dhasmana.
Singapore is slated to bring in Singapore Variable Capital Company, a new legal entity which can be used as a vehicle for investment. SVACC is expected to simplify the process of redemption for open-ended funds.
Tuesday's bridge collapse once again puts the spotlight on the city's urban infrastructure and a dire need for its development.
The theory that all banned notes will come back into the system may not be true. Anup Roy finds out.
The film is set to release next Friday, June 17, but the makers of Udta Punjab are busy fighting the censor board.
Tata Communications has invested around Rs 6.5 billion in developing its IoT business, which is being managed by some 75 executives over the past three years.
'The low tax to GDP ratio of the country will go up, helping the government to adhere to fiscal discipline and keep inflation in check.'
Cars like the Land Rover Evoque, endorsed by Victoria Beckham, have more women customers than men.
'More than one brand in a showroom is too risky because customer loyalty in this market is low. Most people don't drive different cars made by the same manufacturer for a lifetime, they experiment.'
The GST bill's draft says tax would be levied on Maximum Retail Price
Experts point out that National Anti-profiteering Authority does not have the power to advise companies on depositing amounts voluntarily.
As corporate India gears up to be GST-ready, the ongoing litigation and tax dispute cases are something most businesses are cagey about.
To make sure liquid schemes reflect the underlying portfolio risks, Sebi has said all debt papers with maturity of 30 days or more to be marked to market. Earlier, fund houses didn't have to do so for securities that had less than 60-day maturity.
Life insurance companies assert that the blockchain being created has strict protocols to leave no room for manipulation and exploitation, or unauthorised use of customer data and personal information.
Slowdown in industrial production notwithstanding, a marginal increase in inflation raised the clamour for another round of rate cut by the Reserve Bank on April 4 to boost economic activity.
Interoperability with other insurance companies - apart from banks, medical centres, among others - would be the eventual goal
Internet giant Google is the most attractive employer for graduates from the Asia-Pacific region in a list of top companies which figures no Indian firm.
Foreign reinsurance companies are now allowed to do business in India.
Despite a temporary relief, foreign investors still see the sword of double-taxation hanging above their hard earned returns.
The move will help address apprehensions as well as potential disputes on various computational and transitional issues such as the loss of input credits and pricing that were bound to arise on account of the change.
Things appear to be going from bad to worse for Vijay Mallya, once known as 'King of Good Times', with the board of a company he nurtured into India's largest liquor maker asking him to quit.
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