The business would also not be allowed to claim any un-availed input tax credit for "goods lost" or "destroyed".
Big conglomerates of Japan, including Mitsubishi Corporation, Sumitomo Corporation, and Mitsui Group, are looking to both build and buy commercial properties in key Indian cities.
The company aims to bring in a million on-board sellers in the next three years.
The biggest challenge facing the BPO industry today is addressing the data security and privacy governance of their clients, but most Indian companies have already embraced the processes required to deliver secure outsourcing services, according to a survey.
The big four global accountancy firms -- PricewaterhouseCoopers, KPMG, Ernst & Young and Deloitte -- are circumventing laws to provide auditing services in the country, says a report of an Institute of Chartered Accountants of India's committee.
Combining their respective strengths in creativity and research, Indian and US firms can grow their business relationship in the coming years and contribute to the global economy, says a study.
Cricket South Africa CEO Gerald Majola has reportedly been allowed to keep his IPL bonus, amounting to about a million rands despite reports that he had handed it back after it led to an inquiry against him.
E-invoicing would be implemented on a voluntary basis by those having an annual turnover of above Rs 500 crore from January 1.
Indian carriers are expected to double their fleet size by 2020 to 1,000 aircraft by 2020, promising a huge opportunity for the maintenance, repair and overhaul business.
The findings of the audit into irregular IPL and Champions League bonuses allegedly paid to Cricket South Africa staff, including CEO Gerald Majola, have been delayed by a week.
Wipro, HCL in race for Sebi's fraud detection system upgrade,
As per the study in association with The Indus Entrepreneurs, a non-profit organisation fostering entrepreneurship, governments in six states, Punjab, Gujarat, Delhi, Tamil Nadu, Karnataka and Maharashtra are becoming more receptive to entrepreneurial demands.
An overwhelming majority of senior executives from various sectors favour introduction of the proposed Goods and Services Tax and think that it will increase profitability for firms, according to a survey by industry body CII and global consultancy KPMG.
Prabhu's maiden Railway budget is high on vision.
The preceding economic recession has led corporates and IT majors rethink and redesign business models for further improvement in terms of impact on organizational performance through better alignment from the planning stage.
The search giant is keen to pocket a hefty slice of India's online advertising market, an Rs 1,300-crore (Rs 13-billion) market in 2011 that is set to touch Rs 3,400 crore (Rs 34 billion) by 2015 according to KPMG estimates.
The highest salary rose by 14.22 per cent from last year.
Real, Barca topple United off perch to become top earning clubs
Sanghrajka has spent 13 years in Infosys over two stints and has performed various leadership roles in the finance section.
The venture capital industry is optimistic about renewed investments this year, with focus shifting primarily to the green technology sector, a survey by global consultancy KPMG LLP said.
Mahindra Satyam, the erstwhile Satyam Computer Services, has sought time until September 30 from the Company Law Board (CLB) to file financial statements.
Indian banks have successfully weathered the mayhem that shook the financial world in 2008.
Companies across the world have continued to send employees overseas to take advantage of business opportunities, despite a reduced budget for international assignment programs during the economic downturn, a KPMG survey says.
Electricity consumption in India, currently at some 600 Tera Watt hour (TWh) annually, is set to double by next decade, surpassing the Russian levels in the process.
Indian auto manufacturers are well poised to become "winners" in terms of global market share in the next five years to join the ranks of established players like Hyundai, Toyota, Honda and Volkswagen.
According to the latest Emerging Markets International Acquisition Tracker report, 243 emerging-to-developed deals were recorded in the first half of 2010, compared to 194 in the second half of 2009.
The decision to seek tie-up details from CA firms, especially those associated with the Big 4 -- PWC, Ernst & Young, KPMG and Deloitte -- follows a report by an Institute of Chartered Accountants of India committee on the multi-crore Satyam scam.
One danger in keeping the incentive structures common across all categories is that distributors will stop focusing on products that are more difficult to sell.
With the overall incidence of frauds rising in corporate India, there is a need for India Inc to deal with fraud risks firmly
Bollywood's 2010 releases show that co-productions are the flavour of the season.
Healthcare infrastructure includes buildings, equipment, ambulances, etc. Of the states and union territories, six -- Maharashtra, Rajasthan, Uttar Pradesh, West Bengal, Andhra Pradesh and Tamil Nadu -- account for more than 50 per cent of the total healthcare infrastructure spending in the country.
The All India Congress Committee general secretary Rahul Gandhi and his sister Priyanka Vadra attended the marriage of the son of Sonia Gandhi's trusted personal assistant Madhavan.
Time and cost overruns have delayed 850 infrastructure projects out of a 1,035 during the period between 1992 and 2009, says a study.
Describing stimulus as a 'short-term life support' measure, global consultancy firm KPMG executive director Vikas Vasal said, "(They) cannot continue forever. This is one area where timing may never be considered right; however, somewhere down the line the government has to bite the bullet."
The IT-BPO industry in India has achieved impressive growth rates over the past decade and stood at $71.6 billion in 2009, said the report prepared by KPMG and Asian-Oceanian Computing Industry Organisation.
Notwithstanding the slump in the global market,the appetite for merger and acquisitions by companies both in the developed as well as emerging market economies like India and China continued to be robust in the first half of the year.
Reliance Power on Friday said it would acquire 433 Mw of power generation assets from group company Reliance Infrastructure (R-Infra) for Rs 1,095 crore, to bring the entire power generation portfolio under one roof. Global consulting company KPMG valued the assets for the intra-group transfer, the company said in a statement.
Private Equity and Venture Capital funding in India needs to increase three-fold to $30 billion annually from the current level to shore up funding for small but promising companies, said a KPMG-CII report.
According to leading global audit, tax and advisory firm KPMG, the venture capital community is signaling an uptick in overall venture capital investment in 2010 and expects IPO activity and valuations of venture-backed companies to trend upward next year.
India has nearly 21.7 metric tonne of facility whereas it needs over 10 metric tonne more of such capacities, Assocham president Sajjan Jindal said in a statement.
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