The income tax department has notified rules for valuation of equity and compulsorily convertible preferable shares issued by startups to resident and non-resident investors. As per the changes in Rule 11UA of I-T rules, which comes into effect from September 25, the Central Board of Direct Taxes (CBDT) provides that the valuation of compulsorily convertible preference shares (CCPS) can also be based on the fair market value of unquoted equity shares. The amended rules also retain the five new valuation methods proposed in the draft rules for consideration received from the non-residents viz., (i) Comparable Company Multiple Method, (ii) Probability Weighted Expected Return Method, (iii) Option Pricing Method, (iv) Milestone Analysis Method, and (v) Replacement Cost Method.
Ukrainian President Volodymyr Zelenskyy makes a surprise visit to the UK in his second visit outside Ukraine since the Russian invasion nearly a year ago.
Highly placed sources said the test firing could take place any time this month.
The palace said the Queen Mary Crown was removed from display at the Tower of London to be repurposed for the ceremony on May 6 with jewels paying tribute to the late Queen Elizabeth II.
As photographs and video clips were distributed on social media, aviation security watchdog BCAS issued show cause notices to IndiGo and Mumbai airport operator MIAL over the incident, official sources said on Tuesday.
'Now that we are a pure-play India business, many investors are open to investing.'
The mesmerizing march included elite marching contingents, missiles, warplanes, surveillance gadgets and lethal weapon systems, with French President Emmanuel Macron gracing the occasion as the chief guest.
'I'm honoured to mark the unforgettable occasion of the #Coronationconcert by wearing the collaborative vision of two of the most incredible designers from the two countries I'm lucky to call home.'
India has placed orders for 10 C-17s Globemaster III airlifters, of which five would be delivered this year and rest five in 2014. The flight test programme would be carried out at the Edwards Air Force Base in Valifornia.
India will begin supply of ultra low sulphur content petrol and diesel in all but seven states from April 1, the government announced on Thursday.
Chief Justice of India D Y Chandrachud on Tuesday said the State has an obligation to recognise unions entered into by queer couples and grant them benefit under the law.
'It will dictate the flow of funds into the index. We will maintain caution on mid/smallcaps.'
They have three children: Xavier (15), Ella-Grace (14), and Hadrien (9).
Is the premium pricing of Samsung Galaxy S III justified? Will it take on the competition from iPhone, HTC?
'With the current situation in the global job market, students come back with an added burden of educational loans.'
The new year will witness two unmanned missions under the "Gaganyaan" project, deep ocean exploration project, "Samudrayaan" and many more.
WhatsApp's advantage is that it is the first app millions of Indian check first thing in the morning and innumerable times during the day and night.
Justices G S Sandhawalia and Harpreet Kaur Jeewan also held the Haryana State Employment of Local Candidates Act, 2020 "ultravires" and said it will become "ineffective from the date it came into force".
During the hearing on Tuesday, the bench said it has not received the information from the high court yet.
A person cannot be incarcerated for an indefinite period of time pending trial as it is violative of the fundamental rights enshrined in the Constitution of India, the Bombay high court said while granting bail to a man, accused in a double murder case.
The Islamic State militants have released a second video of British journalist John Cantlie in less than a week which shows him warning US-led coalition against carrying out military operations against his captors.
Air quality in Delhi and its suburbs dropped to the severe category again on Wednesday morning, with smoke from post-harvest paddy straw burning in neighbouring states accounting for one-third of the air pollution in the national capital.
India succefully test-fired a 3,000-km Agni-III missile on April 12 this year.
The Union Cabinet on Wednesday approved changes to GST laws to levy a 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs, sources said. The amendments to the Central GST (CGST) and Integrated GST (IGST) acts, which were approved by the GST Council last week, are likely to be introduced in the ongoing monsoon session of Parliament, which will end on August 11. The GST Council in its 51st meeting on August 2 recommended amendments to the Schedule III of the CGST Act, 2017, to provide clarity on the taxation of supplies in casinos, horse racing and online gaming.
In separate letters to the speaker, Congress leader Adhir Ranjan Chowdhury, Supriya Sule of the NCP, DMK leader Kanimozhi and TMC's Aparupa Poddar said what had happened with Ali is unfortunate and that action should be taken against Bidhuri.
Anurag Maloo went missing on Monday after he fell from around 6,000 metres while descending from Camp III.
'It does two things that even our erstwhile colonial masters did not deem fit for their subjects: The Bill does away with any checks or balances on the exercise of interception and surveillance powers, including any penalty whatsoever for unauthorised interception, opening, scrutiny, or destruction of postal materials.'
Weeks after he visited a gurdwara, Britain's King Charles III and Camilla, the queen consort, visited Brick Lane, the heart of England's Bangladeshi community in London, on Wednesday.
Make no mistake, there's never a dull moment in God of War III, but you can help feel the momentum drop a bit during certain parts of the game.
Directing the Centre, states and Union Territories (UTs) to ensure the queer community is not discriminated against, the CJI, who is heading the constitution bench, said queer is a natural phenomenon known for ages and is neither urban nor elitist.
Walmart-owned fintech firm PhonePe said it has crossed 500 million lifetime registered users on its platform. With this milestone, 1 in 3 Indians are now on PhonePe. The company said it is the first Indian internet company to have reached this scale globally. This milestone has been achieved in just over 7 years since the PhonePe UPI (Unified Payments Interface) payments launched in August 2016.
The city's Air Quality Index (AQI) stood at 420 at 8 am on Thursday, compared to 426 at 4 pm on Wednesday. The AQI map prepared by the Central Pollution Control Board showed clusters of red dots (indicating hazardous air quality) spread across the Indo-Gangetic plains.
During these seven decades, the IAF has lost 2,374 aircraft to crashes. They include 1,126 fighters and 1,248 non-combat aircraft. In addition, 229 trainers and 196 helicopters have crashed. These crashes have resulted in the deaths of 1,305 skilled pilots, note Ajai Shukla and Devesh Kapur.
Friday's mission is the fourth operational flight of LVM3 which aims to launch the Chandrayaan-3 spacecraft into a Geo Transfer Orbit.
The 23-coach 12506 North East Express had departed the Anand Vihar terminal in Delhi at 7:40 am on Wednesday for its nearly 33-hour journey to Kamakhya, about six kilometres away from Guwahati.
'Planning for the transfer of assets to the next generation is an important aspect of financial and estate planning.'
These are the four seats to watch out for in Mizoram, where the assembly elections will be held on November 7. The state has 40 constituencies.
Persons and entities who have faced search or survey proceedings by the income tax department "in any previous year" will no longer be allowed to file updated tax returns. Earlier, it was proposed that an updated tax return cannot be filed, in case of search or survey proceedings in the relevant financial year and the preceding one.
'Our factories are world-class and are becoming increasingly attractive for our global business leaders to use to serve other markets.'
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