'You need to have enough funds to maintain the primacy of public transport and it should not suffer because of lack of funds.'
A key demand is to reduce the dividend distribution tax on listed firms.
Even though option to invest as a company is available, many FPIs have chosen trust route to enjoy less tax or zero tax through tax havens such as the Cayman Islands and Luxembourg.
It's tax time and you need to know your basics. . .
CBDT circular issued last month had raised multiple taxation concerns.
From the Sensex pack, HDFC, HDFC Bank, Mahindra & Mahindra, UltraTech Cement, Tata Steel, Bajaj Finance, State Bank of India, Reliance Industries, Bajaj Finserv and ICICI Bank were the major gainers. Power Grid, Maruti, Tech Mahindra, IndusInd Bank, HCL Technologies and Axis Bank were among the laggards.
Today one can easily file returns online.
Instead of only focusing on the tenure for which the best interest rate is available, investors should also focus on their own investment horizon.
Budget may allow use of advance-pricing agreements for past cases.
On the telecom sector, he demanded auctioning of more spectrum.
Some radio taxi operators are avoiding service tax payments, forcing the revenue department to take necessary steps, including coercive measures, to recover the dues, Finance Minister Arun Jaitley said.
Assessment of the 427 account holders associated with HSBC list will be completed by March 21, 2015.
Displaying 'ARMY' on private transport is an attempt to milk the respect and reverence that the common citizen has for a person in the armed forces, observes Colonel K Thammayya Udupa (retd). By writing 'ARMY' and displaying regimental insignias, we expect a few misdemeanours to be overlooked.
An NCD's credit rating will tell you whether risk possibility is high or low. Instruments rated below AA are regarded as high-risk.
The amendment would help check round-tripping of funds and boost the domestic consumption, Jaitley added
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The retrospective tax decision reversing the January 2012 Supreme Court verdict in the Vodafone case has often been cited as the reason for foreign investors losing confidence in India as an investment destination.
The National Stock Exchange (NSE) has made a fresh attempt at settling a regulatory investigation into the misuse of Trading Access Point (TAP) software at the bourse. The Securities and Exchange Board of India (Sebi) rejected a similar application in 2022. "NSE and its employees have filed a consolidated settlement application dated May 4, 2023, with Sebi.
Policies to break down the business group format are far more likely to be effective, argues Simon Commander.
The committee has been asked 'to study and identify the provisions.
What are FMPs and should you invest in them?
The move comes amid reports that new wheat crop prices in Madhya Pradesh, which is one the biggest growing state has fallen to below the MSP of Rs 1,625 per 100 kilograms due to bumper harvest.
Indian and Finnish finance ministry officials on Tuesday discussed Nokia's Rs 21,153 crore (Rs 211.53 billion) tax dispute case and reviewed the double taxation avoidance agreement.
Usually July 31 is the last date for filing tax returns. It is important to file the returns on time in order to avoid paying penalty.
Phantom FDI refers to investments that pass through shell companies that have no real business activities and are tailor-made to cut tax liabilities.
Finance Minister Pranab Mukherjee on Monday made it clear that his ministry has been investigating into two aspects of whether there was tax evasion and money laundering in the IPL and it has nothing to do with other issues concerning the Twenty20 event.
This would be a practical way of bringing a huge sum of money.
Renegotiated tax treaty to relax banking secrecy laws.
The Cabinet on Tuesday approved signing of an agreement with Slovak Republic for the avoidance of double taxation and prevention of tax evasion.
Even if a company does not invest, it will improve liquidity of banks.
Swiss banking giant Credit Suisse has pleaded guilty to the charges that it helped its American clients evade taxes and agreed to pay a penalty of $2.6 billion to avoid prosecution.
FATCA will facilitate flow of financial information between countries.
A government report revealed that fake companies floated with fake addresses, issued fake GST invoices and generated fake e-way bills, with fake vehicle registration details without supplying any goods causing huge loss to the exchequer.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
'GST will bring in much needed transparency and higher investments in the coming years and we hope that a few percentage points to India's GDP.'
Here are some facts about Rishi Sunak and his India connections.
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