The Supreme Court-appointed Special Investigations Team on black money has also proposed that holding more than Rs 15 lakh in cash be made illegal for individuals and for companies, report Tinesh Bhasin and Sanjay Kumar Singh.
Additionally, promoter Naresh Goyal and Etihad Airways, which owns a 24 per cent stake in the airline, will infuse around Rs 2,000 crore into the airline, sources aware of the development said.
Sending money to families in India will get more expensive
In the past couple of years, Saregama has redefined itself into a 'content IP company'.
Fixed-line Internet is consistent and translates into a better experience for users.
Exchanges believe its legal status may now change, with the government pushing for digitised transactions.
Notification, FAQs likely after FM Jaitley returns from the US
More companies with unconventional business models to get into messy legal hassles in India.
The deal, part of the Jaypee Group's plan to cut Rs 60,000-crore debt, follows months of negotiations.
On one hand, Limaye will have to battle legacy issues, while, on the other hand, he will have to ensure that the exchange is able to maintain its leadership position.
With at least three IPOs in the offing this year, stock market investors have a lot to look forward to.
SBI-led consortium of 17 banks had a total exposure of about Rs 6,500 cr to Kingfisher Airlines.
Constantly evolving rules and anomalies over tax treatment have constrained corporate programmes in the first year that the government's CSR mandate has been in force.
You should rather use nicknames, incorrect date of birth and if possible make a separate e-mail address for such apps and services. You should also not share your phone number
The exemption from MAT does not apply retroactively.
If the government decides to go back to the old regime where the EPF was not taxed but the NPS was, the latter will become an unattractive product.
CBDT recently lowered threshold for this to Rs 8,333 a month. If you don't furnish this, a higher tax will be deducted at source from your income.
All shares held by SBI in the five associate banks will stand cancelled after merger.
The implementation of the GST will indeed be a landmark reform.
Construction costs would be reduced to some extent and this benefit can be passed on to the customers, thereby spurring home buying
The sportswear major has picked the activity to encourage a community around it in colleges.
Theatres are finding innovative new ways to increase footfalls, discovers Vanita Kohli-Khandekar.
Petrol prices on Thursday crossed Rs 73 a litre mark, the highest level since the BJP government came to power in 2014, while diesel touched a record high of Rs 64.11 a litre.
The news that Welspun has run into trouble with one of its biggest US-based clients has stressed its suppliers and investors alike
The conversion from ownership to taxi hiring services is gaining ground.
The first quarter of 2018 saw infrastructure and real estate drive investment worth close to $8 billion across 180 deals
India Inc has too much on its plate to ensure double digit growth in FY16.
Nestle is sure to go for a relaunch of the noodles soon enough with an advertising blitz,
Making employers provide creche facilities would be a powerful incentive for women to stay on in the workforce rather than drop out owing to the pressure of child care, says Shuma Raha.
With digital technology, the I-T department's ability to catch tax evaders has increased many times.
The proportion in which a joint home loan is taken is important.
By doing away with the 1 per cent inter-state tax over and above the GST rate, the government has met one of the three key demands over which Opposition Congress has been blocking the Bill in the Upper House
Revised tax forms will be simple; stress on foreign travel and assets has been reduced
When an NRI returns to India, he should be aware of his tax residency status.
Indian Railways plans Rs 39,000 crores non-fare revenue. Via: Branding of trains. Vinyl-wrapping of Rajdhanis, Shatabdis and Garib Raths. Moving billboards.
A moderate GST rate obviates the need for the two-rate structure.
Poor governance, constant interference of promoters, opposition from unions and talks of being an acquisition target seen as main deterrents.
Bharti Airtel had planned to charge separately for internet-based voice calls provided by Skype.
Excise exemptions may be whittled in Budget to offset higher govt salaries, pensions
The insurance sector is seeking clarity on the 'Indian management control' clause.
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