Stocks and sectors impacted most by GST.
Experts consider Sebi's takeover code in its present form to be on a par with any foreign code governing public mergers and acquisitions.
The latest turn to the case comes just days after Switzerland made it clear that its law does not allow UBS to disclose client information. The US government had filed a suit against UBS demanding the banking major part with details of about 52,000 American clients, as it felt the Swiss bank was helping American citizens in tax evasion.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
According to the government's notification, 10 central probe and snoop agencies are now empowered under the Information Technology Act for computer interception and analysis, ministry of home affairs officials said.
The new penalty regime could create a fresh set of complications for tax payers.
Indian Grand Prix organisers have confirmed that Sunday's race will go ahead even though the country's top court has agreed to hear a petition on Friday seeking its cancellation over tax issues.
Should we be exposing our women volunteers to the barbarity of actual combat?
The domestic deal-making activities were hit by weak corporate governance and a huge liquidity crunch in 2019, while the global deals were also hard to come by due to various factors including uncertainties caused by the US-China trade war, which left many investors in a wait-and-watch mode.
Five years on, US company that won the auction for the aircraft is running pillar-to-post, unable to take possession as DGCA hasn't deregistered the jet
Experts share their views on the steps that will help businesses become GST-ready.
It is doubtful that our political masters are even aware of the features of the Model Law.
The government is drawing up a relief package for industry with steps such as relaxation of asset-classification norms by banks, thus allowing companies to delay the repayment of loans, and tax holidays for the worst-hit sectors like aviation and hospitality. But it might not be enough to stop more bankruptcies from getting filed.
The benefits are common in many cases, but are also different in some other respects.
The draft report of the committee contains 27 suggestions for amendments under the I-T Act and eight for reform through administrative instructions.
The government has detected over Rs 1 lakh crore of undisclosed income in the last financial year, a figure more than double as compared to the search and seizure action undertaken by the Income Tax department during 2012-13 to check black money.
'It is not the duty of government to protect minority religions or promote it.'
'These provisions may even be seen to be a threat to burgeoning businesses, since they would view every announcement of a rate cut as a starter's pistol that triggers a long race to adjust prices and to justify the adjustment,' argue Rashmi Deshpande and Anjali Krishnan.
'Tinkering will not do. Merely staggering spectrum dues comes nowhere near solving the problem,' cautions Rahul Khullar.
The matter is already fixed for hearing on September 23.
Financial Intelligence Unit data show many of these societies have become the biggest draw for laundering money. Subhomoy Bhattacharjee reports.
The tax dept has served notices on about 36 foreign investors.
There will be a review of employee compensation arrangement in the light of the new rules.
FY14 sees 16% decline in adjustments; department adds only Rs 59,000 crore to the profits attributed by multinationals, against Rs 70,000 crore a year ago
Under attack for allegedly meeting officials of companies accused in 2G scam, Central Bureau of Investigation Director Ranjit Sinha on Thursday said that he would recuse himself from the ongoing probe in Coal scam if the Supreme Court ordered so.
The government wants to introduce a nationwide goods and services tax to revive its stalled reform programme.
UV Asset Reconstruction Company Ltd has made the highest bid of Rs 16,000 crore to buy Anil Ambani group's Reliance Communications and Reliance Telecom, which are in the National Company Law Tribunal (NCLT). Last year it was the highest bidder for taking over Aircel's assets for an upfront payment of Rs 150 crore. Surajeet Das Gupta and Dev Chatterjee dig deeper to find out more about this little known company.
Finance firms in these SEZs likely to get tax breaks.
Santosh Kamath, partner (infrastructure and government services), KPMG in India, expects an extension of a tax holiday for the sector.
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
While riskier than debt, Sebi's stringent guidelines may ensure a safe and liquid product.
RBI should monitor export credit offtake and how well banks implement its instruction.
The Supreme Court on Monday sought response from the Centre and the Election Commission on a Public Interest Litigation seeking a direction to them to frame of guidelines to ensure that more citizens cast their votes in the polls.
Former Dabur director gave sketchy details of investors and his employer after two years of tax summons.
Enhanced revenue generation is a priority for the government.
'On the tax front, most of the Budget proposals are sensible'.
'The role reversal of those in favour of GST and those opposing it is troubling.'
Companies were consulting law firms and consultants to understand the Bill.
Foxconn is the world's largest contract manufacturer for electronic goods and makes iPhones for Apple and smartphones for its Chinese rival Xiaomi.
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