Lessors of SpiceJet have in panic taken back some aircraft but if they see fresh investors coming in and taking charge, they are likely to relent and return the planes.
The allegations of DDT evasion is connected to some transactions the Indian entity has made while buying shares of the company from the Mauritius and US companies of Cognizant.
The airline reported a loss of over Rs 1,000 crore last fiscal which is five times higher than its 2013 loss.
The trick is to know how long you are supposed to hold which document, observes Bindisha Sarang.
A neutral Budget for media and entertainment sector.
Structural changes to government finances could be focus of the Union Budget, says Mihir S Sharma.
The organisation of the Indian Premier League will largely depend on India's COVID-19 situation during that time but with the central government trying to bring in normalcy, the cash-rich league could get a five-week condensed window to go ahead.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
New filers reported an average income, in many cases, close to the income tax threshold of Rs 250,000, limiting the early revenue impact.
The tax, in lieu of local levies, will be imposed at the first point of a financial transaction.
The 8.1 per cent interest rate was recommended by the Central Board of Trustees after its meeting in Guwahati under the chairmanship of Union Labour and Employment Minister Bhupendra Yadav, a labour ministry press statement said.
For the common man already battling high inflation, the new fiscal will be tougher as virtually everything will be dearer in 13 big cities, where petrol and diesel will be costlier, while in the national capital they have to shell out Rs 30 more for cooking gas.
The new ITR forms have shifted the entire onus on the taxpayers to prove their claim for deductions, expenses or exemptions.
The Comptroller and Auditor General of India plans to focus on infrastructure companies and banks for special audit during the current financial year.
Manish Sabharwal tackles 5 criticisms of demonetisation.
'The stimulus message was tagged on to what was meant to be an exhortation to self-reliance, glossing over the near impossibility of merging the immediate requirement of relief for a huge population and a questionable strategy for the future trajectory of a large economy aspiring to superstardom,' points out Shreekant Sambrani.
Others taxed at 5, 12, 18, 28%
The onus of the tax dues of Rs 22,100 crore on Vodafone India's British parent could also fall on the merged entity.
Each financial product is governed by a different regulator and the rules for gifting vary, points out Tinesh Bhasin.
To check black money menace, the Cabinet on Tuesday approved a new bill that would give more powers to the tax department in tracking illicit wealth stashed abroad and provide for strict penal actions for such offence.
'We have set out a timetable to reduce income tax rates for all incomes below Rs 50 lakh, and to progressively eliminate the surcharges on income above Rs 50 lakh, by 2024.' The Budget speech past CII president Naushad Forbes wants to hear.
There is no clearly defined right or wrong answer since both target different needs of a portfolio.
It could end the payment backlog and improve the revenue flow of discoms, says Piyush Goyal
'Many of the challenges of investing in commercial real estate get taken care of when an investor takes the Reit route,' points out Suraj Nangia.
The Bill could be referred to the Parliamentary Committee for scrutiny
A bank account is a must to get the refund and those without it have been asked by Sebi to open an account with a scheduled bank.
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.
Forget about interim Budgets, one cannot easily recall even a full Budget of any government in recent times having rolled out benefits of this order to such a large number of people, says A K Bhattacharya.
Service companies such as Infosys, Tata Consultancy Services and Airtel, among others, would be particularly hit.
Before you buy a cashless benefit plan at lower premiums, check if you can make full use of it. Most don't even exhaust the entire benefit.
Crorepatis' income rose by a staggering 40% between 2015-2016 and 2017-2018.
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
Tax collection at source would lock in Rs 400 crore of seller money, say Flipkart, Amazon, Snapdeal.
The current H-1B minimum wage of USD 60,000 was established in 1989 and since then has remained unchanged.
The larger amount of black money either goes into domestic real estate or bullion, or is round-tripped back into India anyway.
Indian economy about to take-off
Arun Jaitley had a tough fiscal hill to climb.
According to the draft, in the northeastern states the threshold is at Rs 500,000.
