Venezuela struck twice in the space of 10 minutes in the second half to come from behind and earn a 2-1 victory over Ecuador.
Apart from making your purchases on these platforms expensive, it will also mean sellers will have to face the brunt of reduced cash flows amid already low margins for some. Experts said the proposal, which will take effect on April 1, 2020, and will be inserted as a new section in the Income Tax Act, is expected to affect the working capital of e-commerce companies and reduce cash flows for e-sellers.
'Subject to any worldwide economic collapse.'
The levy will be 10%, with an abatement of 50%, effectively bringing down the service tax levy to 5% on the tariff.
The Securities and Exchange Board of India proposes to levy fee on stock exchanges.
The income tax department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid tax deduction at a higher rate. As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate. Last month, the income tax department issued a circular stating that no action will be taken for short deduction of TDS in case the assessee links his/her PAN with Aadhaar by May 31.
The Reserve Bank of India has stated that banks cannot levy charges on paper-based transactions.
India is not "rethinking" supporting investments from China, said Commerce and Industry Minister Piyush Goyal on Tuesday, referring to a proposal made in the Economic Survey 2024. The survey by India's chief economic advisor last week said India had two "choices" to benefit from the so-called China plus one strategy, either by integrating into that country's supply chain or by promoting foreign direct investment (FDI). "Chief economic advisor's report speaks about new ideas and gives out their own thinking. It is not at all binding on the government and there is no rethinking to support Chinese investments in the country," Goyal told reporters in Delhi.
The move, first announced in March 2014, is expected to generate net annualised cost savings of $175-200 million once fully implemented.
Levi Strauss (India) Pvt Ltd, the wholly owned subsidiary of jeans manufacturer Levi Strauss & Co, San Francisco, is planning to have 200 exclusive outlets throughout the country for its newly launched 'Signature' brand of jeans.
FM had proposed an enabling provision to levy cess at 2%
Protesting against imposition of levy on roaming calls to be paid to state owned BSNL as announced by TRAI, cellular operators have challenged the order in TDSAT saying "the order is arbitrary and anti-consumer."
This is the first instance of AAI-run airports charging fee.
PNGRB, the oil regulator, which as per its enacting legislation has powers to levy fee, has levied a minimum tax of Rs 2 crore per annum on turnover that companies like GAIL and Reliance Industries earn from selling CNG to automobiles and piped natural gas to households and industries.
Levi Strauss & Co. said it was looking at doubling its revenues in the next three years and would set up more manufacturing bases to meet the growing demand.
A group comprising top tech startups and unicorns has raised several "serious concerns" over a platform-based gig workers Bill proposed by the Karnataka government, saying it would hurt the ease of doing business. They told the state government the Bill in its current form would hamper operations and increase regulatory and compliance burden on the nascent gig and startup economy, according to sources.
South African T20 sensation Richard Levi was signed by Mumbai Indians as a replacement for former Australian batsman Andrew Symonds, for the fifth edition of Indian Premier League 2012.
The cabinet also gave its nod to a proposal to amend the Madhya Pradesh Minister (Salary and Allowance) Amendment Bill, 2024, and make a provision for state ministers to deposit their income tax instead of the government bearing such burden.
The government may levy a cess on domestically produced natural gas to fund construction of gas pipeline network, Petroleum Secretary R S Pandey said on Wednesday.
The principal commissioner has been made responsible for developing and approving any intelligence, conducting search, and completing investigations and relevant subsequent actions, including at the lower field formations, points out T N C Rajagopalan.
South African opener Richard Levi who scored the fastest century in the history of T20 International during his knock 117 off 51 balls against New Zealand has made the IPL franchises owners sit up and take notice after being ignored at auctions in Bangalore, earlier this month.
The proposed exemption in customs duty on import of lithium, cobalt and other rare minerals in the Union Budget 2024-25 is likely to lower the battery production cost and help in making electric vehicles more affordable for the buyers, auto industry leaders said on Tuesday.
Opening batsman Richard Levi took advantage of the small boundaries at Seddon Park to blast a world record 13 sixes and guide South Africa to an eight wicket win over New Zealand to level their Twenty20 series in Hamilton on Sunday.
They said the Left party is consulting its lawyers to challenge the notice of the tax authorities.
The decision to impose a 28 per cent tax on the full face value of bets placed on online games will be implemented from October 1 even though there was demand for a review from states like Delhi and Goa, finance minister Nirmala Sitharaman said on Wednesday. The GST Council -- the highest decision making body of the new indirect tax regime that comprises Union finance minister and representatives of all states -- discussed the language of amendments that will be needed to enabling taxing online gaming, she said after the panel meeting.
Greece beat England for the first time as striker Vangelis Pavlidis's double earned the visitors a richly-deserved 2-1 victory.
IMAGES from the English Premier League matches played on Sunday
The best solution would be the one followed in 2018 -- allow cost indexation until March 31, 2024 -- but exit at any time. The second-best alternative would be to allow time until March 31, 2025 for investors to exit their investments under the old indexation regime, points out Harsh Roongta.
Being a young country, it's kinda obvious that a lot of advertisements would have young Indians as their target audience. These two ads however, we felt, stood out amongst the rest.
Being a young country, it's kinda obvious that a lot of advertisements would have young Indians as their target audience. These two ads however, we felt, stood out amongst the rest.
Being a young country, it's kinda obvious that a lot of advertisements would have young Indians as their target audience. These two ads however, we felt, stood out amongst the rest.
Telecom service providers have doubled down on their demands for a proposed fair-share charge (FSC) to be levied on major over-the-top (OTT) service providers, opening up the 6 GHz spectrum band and increasing the number of testing labs for telecommunication products. Telecom industry body Cellular Operators Association of India (COAI) on Wednesday said these were the topmost demands for Prime Minister Narendra Modi-led National Democratic Alliance (NDA) government. The industry body wants this additional capital expenditure to be borne by these Large Traffic Generator (LTGs) OTTs as a proposed fair-share charge.
Any business that makes inter-state supply is outside the ambit of the scheme
Detailed order, to be passed on Monday, will consider green tribunal's decisions
Concerned over the practice of banks and Non-Banking Financial Companies (NBFCs) using penal interest as a revenue enhancement tool, the Reserve Bank on Friday came out with modified norms, under which lenders would be able to levy only "reasonable" penal charges in case of default in repayment of loans. The banks and other lending institutions will not be allowed to levy penal interest with effect from January 1, 2024, the RBI said in its notification on 'Fair Lending Practice-Penal Charges in Loan Accounts'. "Penalty, if charged, for non-compliance of material terms and conditions of loan contract by the borrower shall be treated as 'penal charges' and shall not be levied in the form of 'penal interest' that is added to the rate of interest charged on the advances," RBI said in a notification.
The fare will be cheaper as it will be capped at Rs 2,500 per passenger.
Maharashtra is considering imposition of betterment charge and service tax on developers of residential and commercial complexes adjacent to the mega-infrastructure projects lined up in Mumbai.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
Invest in MFs for liquidity and choice of funds. Invest in NPS for the tax benefits, tax-free rebalancing, and for earmarked savings for retirement.
