Customs regimes can lead to labyrinthine legal disputes. Budget 2026 must recognise that an excessively defensive Customs posture can itself become a trade barrier, point out Mukesh Butani and Shankey Agrawal.
Before booking a flat, buyers should confirm that the project is registered with the state's Rera portal.
Lawful possession means having both actual control over a property and a valid legal right to keep it, usually based on a registered sale deed, lease agreement, or lawful allotment.
Senior citizens are particularly vulnerable due to their high savings, trust in authorities, and limited familiarity with online frauds.
A vehicle seller remains legally liable for any accident until the RTO officially updates the registration certificate, even if the vehicle was sold earlier.
A vehicle seller remains legally liable for any accident until the RTO officially updates the registration certificate, even if the vehicle was sold earlier.
For homebuyers, the OC is not just an administrative formality but the very basis of lawful possession. Without it, the property is deemed unauthorised, exposing buyers to risks such as eviction, denial of utilities, or even demolition.
Anticipating US action on tariffs, India seems to have made the first move by revamping its tariff structure by reducing the slabs to eight rates, points out Mukesh Butani.
The average time lag between the date of occurrence of a fraud and its detection is 23 months; for large frauds (Rs 100 crore and above), it was 57 months.
An interview with BMR partners and media specialists Nitin Atroley and Vivek Gupta
Dietician Komal Jethmalani provides expert help.
'Throw away all perishable foods that have been left at room temperature for more than two hours,' suggests dietician Komal Jethmalani.
India conceding ground to bring only top 100 digital companies like Google, Facebook, and Netflix into the global taxation pact may have revenue implications. This will mean that New Delhi will have to withdraw the contentious 2 per cent equalisation levy on e-commerce operators by 2023. This may have revenue implications for India, experts pointed out, as the equalisation levy has a much lower annual revenue threshold of Rs 2 crore (euro 0.2 million) as against euro 20 billion agreed by 130 countries at the Organization for Economic Cooperation and Development (OECD). India, along with other developing countries, was pitching for at least euro 1 billion threshold to cover at least 5,000 global entities. India collected Rs 2,057 crore from the equalisation levy in 2020-21, an 85 per cent growth over Rs 1,136 crore in the previous fiscal.
India Inc's young minds highlight the need for speed in the decision making of the economy's key issues.
The norms will affect companies in pharma, energy, manufacturing, software sectors.
Initial findings reveal that the tax code has received an overwhelmingly positive feedback
Dermatologist Dr Parul Kolhe briefs readers on the latest effective treatments for cellulite.
Slow domestic growth, global ambitions will prompt deals similar to MTN, say analysts
The government's proposal to compute minimum alternate tax on profits, and not on assets as planned originally in the direct taxes code, has put a smile on the face of industry.
Over $4 billion belonging to various global realty funds is ready to enter the Indian real estate sector on the back of $1 billion which has already come in, according to Bobby Parikh, managing partner, BMR & Associates.
Analysts believe the GST could boost India's economic growth by up to 2 percentage points
India is often viewed as an aggressive tax jurisdiction by domestic and overseas taxpayers, and making the charter as part of the Act may help restore confidence among taxpayers.
A robust dispute settlement system would help the government unlock tax revenues, and also aid ease of doing business.
Any business that makes inter-state supply is outside the ambit of the scheme
Top management of firms should be summoned for a few specified reasons and after written justification at a senior level.
Despite a temporary relief, foreign investors still see the sword of double-taxation hanging above their hard earned returns.
Introduction of GST would make Indian products competitive in the domestic and international markets.
Even if the same party returns to power, what is important to debate is that having introduced an entitlement, how challenging it is to reverse such decisions, says Mukesh Butani.
Businesses that are engaged in both taxable and non-GST supply have re-structured themselves into separate entities to avoid elaborate compliance, says Sudipto Dey.
Common items between Centre and states - bread, eggs, milk, vegetables, cereals, books and salt - will continue to be exempted.
Aerated drinks, mineral water, travel packages, coaching classes and beauty parlour services might also cost more
Let's clear myths and reinstate facts. Lot of junk information regarding abdominal workouts is available. People follow these blindly and avail no benefits.
Taxability of LPG subsidy and other direct benefits paid directly into bank accounts of beneficiaries is unclear.
Some of the players in the GST race are Payworld, Dell, Tally Solutions
New government should consider reforming taxation rules.
Vamshi Krishna shares his incredible weightloss journey.
Business subsidies may attract tax
The Narendra Modi government's alacrity in promoting ease of tax administration, a critical component in the ease of doing business index, has set in motion several incremental policy and administrative reforms, says Mukesh Butani.
Jaitley sets condition of 50% assets for applicability of capital gain tax.
An estimated $344 billion has been illegally removed from the Indian economy between 2002 and 2011
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