Sebi's move will help curb the illicit practice of keeping the parent company's account clean while maintaining debt in its subsidiaries.
Finance Minister Nirmala Sitharaman on Saturday unveiled 'transformative' tax reforms that ranged from a simpler income tax law to higher TCS threshold for remittances and income tax benefits for middle class.
The 'panchnama' document showed that the ED team took with it just two Gmail account downloads and three family phones from Kumar's house, Atishi claimed.
'The adjustments (of tax slabs and standard deduction) will reduce the tax burden for salaried individuals with an income of around Rs 20 lakh by approximately Rs 18,000.' 'For non-salaried individuals with the same income level, the savings will be around Rs 10,000.'
Trump's sweeping tariffs and penalties on China-built ships have turned global shipping into the front line of economic war, observes Shyam G Menon.
A Pakistani court sentenced jailed former prime minister Imran Khan and his wife Bushra Bibi to 14 and 7 years in prison respectively after finding them guilty of corruption in the 190 million pounds al-Qadir Trust case. The verdict was announced in a makeshift court set up in Adila jail where Khan is currently lodged. Khan has been convicted for "corrupt practices" and "misuse of authority", while his wife has been convicted for "involvement in illegal activities". The court also ordered the confiscation of the land of Al-Qadir University set up by them. Supporters of Khan's Pakistan Tehreek-e-Insaf (PTI) party staged a protest outside Parliament House, demanding his release. Khan claims all cases against him were politically motivated.
RediffGURU Mihir Tanna broadly lists the ITRs to be filled by individuals having income from salary, house property, capital gain, business and other sources.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
"There is a limit when it comes to tolerating abusive behaviour or working styles. Many (employees) find ways to quit," says career coach and rediffGURU Pradeep Pramanik.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
'If an individual makes significant financial investments, she should stick to the old regime.' 'If the individual prefers straightforward computation without any tax benefits, the new regime would be suitable.'
'If people want to work 90 hours, we should let them work.' 'If people want to work 30 hours, you should let them work 30 hours.' 'But they should not expect the same level of success and attention.'
Pratham Barot, CEO and co-founder, Zell Education, explains how specialised courses in finance can help you earn a cushy six-figure salary.
The Reserve Bank of India on Tuesday banned chartered accountant firm Haribhakti & Co LLP from undertaking any type of audit assignments for regulated entities for a period of two years starting April 1, 2022.
The Confederation of Indian Industry (CII) on Sunday urged Indian startups to keep their valuation "realistic" and distinguish between the goals of the organisation and its founder. "Startups may strive for long-term value creation rather than short-term valuations. "The valuations of businesses should be kept as realistic as possible," CII said in its Corporate Governance Charter for Startups.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
The income tax department was committed to treat every taxpayer as honest, unless proven otherwise, and provide fair, courteous and reasonable treatment, according to the taxpayers' charter adopted on Thursday. The charter also expects taxpayers to pay taxes on time and be honest and compliant.
There are nearly 80 lakh graduates in Bihar, which is around 6.11 per cent of the total population, says the caste survey report tabled in Bihar assembly.
P V Subramanyam clears some misconceptions about debt funds.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
'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.
Follow these steps to avoid last-minute surprises while claiming your mediclaim -- via cashless or reimbursement method, says P V Subramanyam
'In India, managers and the leadership almost glorify overworking.'
Submitting a late return helps you stay compliant with tax regulations and avoid legal issues.
About 10 premises in the national capital are being covered as part of the raids.
The Enforcement Directorate (ED) has filed its first chargesheet in connection with a money-laundering probe linked to alleged irregularities in the Delhi Jal Board (DJB), official sources said on Saturday.
Ace stock market investor Rakesh Jhunjhunwala, often referred to as India's own Warren Buffet, passed away at the age of 62.
The corporate affairs ministry has asked its field officers to expedite the inspection of the books of Byju's and submit the report, a senior official said on Monday as trouble continues to brew at the edtech firm. The ministry, which is implementing the companies law, will decide the further course of action after receiving the report from its regional office. In July 2023, the ministry had asked the office of the regional director in Hyderabad to conduct an inspection of the company Think & Learn Pvt Ltd, which is registered in Bengaluru.
From audit and taxation to investment banking, the realm of options for CAs has only widened over the years.
BCCI unveils 10-point diktat: Domestic cricket must, restriction on personal staff, family stay on tours
rediffGURU Samkit Maniar answers readers' personal income tax queries
Helicopters are anticipated to be more in demand compared to fixed-wing aircraft as choppers will help in providing accessibility to rural and remote areas in a shorter time.
Amarjit Chopra, President, ICAI discusses what it means to be a Chartered Accountant, student issues and corruption.
Penalties for non-disclosure or inaccurate disclosure of these details can be severe.
Ask your bank to save for you. Plan your taxes. Reward yourself for your addictions... Chartered accountant Shreya Jaiswal's 10 ways to make more money this year.
Sources said a notification to this effect will be released soon. Indian arms of foreign firms make it a rule that audits must be conducted by their foreign partners for Indian companies approaching the overseas markets for any reason. No such rule exists, the source said, although the practice is common. "We are screening partnership agreements of all these firms to analyse the legal basis on which the foreign firms audit Indian companies," the source added.
This is your chance to work with one of India's largest banks.
The leaders also noted the "negative impacts" of the war in Ukraine with regard to global food and energy security, especially for developing and least-developed countries.
Commerce and Industry Minister Piyush Goyal on Wednesday questioned Amazon's announcement of $1 billion investment in India, saying the US retailer was not doing any great service to the Indian economy but filling up for the losses it had suffered in the country. He said that their huge losses in India "smells of predatory pricing", which is not good for the country as it impacts crores of small retailers.
A key feature of the new version is to identify the people transacting on its portal by linking each user ID with the person's permanent account number (PAN), followed by a two-factor authentication through mobiles and email IDs. Those who cannot complete the KYC requirements cannot use the portal.
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