Cautious optimism over US-China trade talks after US President Trump said his trade negotiators had received two "very good calls" from Beijing also influenced the local currency, dealers said.
The issue is set to be discussed early next week as the commerce department meets with industry bodies to discuss the widening supply gap for key imports.
There was no law or autonomous body governing digital content in India so far. Now, OTT and other platforms, including digital news websites, are expected to fall within a governmental framework of rules and regulations.
The apex body also wants to bring in systemic reforms, especially to redress grievances of the small taxpayers such as - increased automation of the processes, e-filing, centralised processing of the tax returns and other bulk operations.
He says current arrangement is working fine.
The Central Board of Secondary Education (CBSE) will declare the results of Class 12 examinations at 12 noon.
The former bureaucrat said he will take measures which the economy requires in a timely manner and as the first step, will meet the heads of public sector banks.
If the policy is extended to NBFCs and co-operative banks, they will have to disclose divergence in asset classification and provisioning during RBI inspections in their audited financial reports. Till now, these entities have been exempted from this. At present, there are more than 98,000 co-operative banks and 10,000 NBFCs. Sources said the RBI would concentrate on the top 50 co-operative banks and NBFCs.
As many as 44 shareholders of Flipkart sold their holdings to Walmart. The income tax law requires the buyer to withhold tax while making payment to the sellers, in case they are not exempted from levy of capital gains tax.
The panel has proposed lower rates of 10 per cent for annual income between Rs 5 lakh and Rs 10 lakh, 20 per cent for income between Rs 10 lakh and Rs 20 lakh. For income of Rs 20 lakh to Rs 2 crore, the suggested rate is 30 per cent.
The initiative by SAI is part of ongoingefforts of the government to help young athletes balance their sporting career and academics.
Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
'His (Das) approach to work seems that of working as a team with ease in communication.'
An assessing officer can initiate proceedings for prosecution from three months to two years, along with a fine.
Central Board of Indirect Taxes and Customs said despite the electronic way or E-way bill mechanism there has been rampant evasion and there is a need to increase compliance.
Amid the growing chorus against black money and the government's efforts to pull the plug, Union Law Minster M Veerappa Moily has suggested Finance Minister Pranab Mukherjee to completely overhaul the tax administration.
A separate and dedicated window for grievance redressal has been launched recently.
CVC K V Chowdary and Vigilance Commissioner T M Bhasin completed their tenure at the anti-graft body on Sunday and Monday respectively.
Balakrishnan refused to react to the India Inc criticism of growing incidents of tax terrorism following Siddhartha's letter. Appearing unfazed, he said, "I only believe in doing my job well."
The differences revolved around the two topics of how much reserves the RBI should carry and whether the finance ministry had precipitated matters by invoking Section 7 of the RBI Act, that allows it to give directions to the RBI in public interest.
The government can argue the change targets only those residing abroad but the fact remains that it does affect the kin and friends in India of non-residents.
In 2015-16, more than 94 per cent of income tax returns were filed online and 4.14 crore returns were processed by the Central Processing Centre.
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.
While experts pointed out the impact of corporation tax cuts cannot yet figure in collections as most companies are yet to decide on their choice, government officials said a part reason for slow collection is the tax cut.
'If the RBI board forces the management's hand on all the key issues, it should be prepared for resignations by the governor and the key deputy governor, Viral Acharya,' warns T N Ninan.
Hardcore action, romance and politics, April has a lot to offer!
This is because no prosecution complaint has been filed in any of these cases under the Black Money Act.
The manner in which India has allowed the rule of law to be subverted for over eight years is tragic, notes former additional solicitor general of India Bishwajit Bhattacharyya.
Govt may tighten presumptive taxation norms and also do away with some deductions.
The income tax department has also launched a faceless e-assessment scheme to eliminate interface between an assessing officer and a taxpayer.
'We will not accept this lollypop. They must make clear that where they want to give us the land'
DTC task force also favoured doing away with Dividend Distribution Tax by suggesting taxing dividends in the hands of shareholders.
'I hope I am remembered as the CBFC chairperson who took a firm stand against vulgarity and pseudo-liberalism, no matter how unpopular it made me,' Pahlaj Nihalani tells Subhash K Jha.
It's a big day for over 7 lakh grade 12 students of the Central Board of Secondary Education (CBSE) as their results will be declared today.
Fate of lakhs of students appearing for the Central Board of Secondary Education examination might just be sealed today.
There are about 31,000 pending cases, locking revenue worth Rs 500 crore.
There can be no communal harmony unless Muslims forgo their claim on Ayodhya, Mathura and Kashi, where there are temple-mosque disputes, Vishwa Hindu Parishad leader Ashok Singhal said today and asked Sunni Central Board and All India Muslim Personal Law Board to take initiative.
As much as Rs 8,000 crore worth of mobile phones in this segment - out of a total of Rs 15,000 crore - come into the country through the grey market. The government imposed the duty on these phones primarily to encourage domestic production but the strategy has failed as the bulk of high end mobile phones are currently imported.
The deadline extended till March 31, 2019.
The examinees of Class XII of CBSE Board will however have the option of either taking the exams later or to move ahead with the assessment based on their performance in the last three internal exams.
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