Have you read these stories?

How Bandhan became microfinance's comeback kid

Bandhan's acquisition of Gruh Finance helped pare down promoter holding to 62% and diversify into loan assets.

Tax laws

Nov 19, 2019, 12.45 PM IST

SEARCHED FOR:

TAX LAWS

A law in the making to guard ecommerce consumers

The ministry of consumer affairs is looking to add a section detailing penalties for ecomm firms.

Hardcastle wants higher GST & input tax credit

The move could have a huge implication for the country’s restaurant sector Restaurants across ...

NPS partial withdrawal rules and how it is taxed

NPS offers two types of accounts for an individual - Tier-I and Tier -II. It is mandatory to...

ET Prime Distribution
  • The move is aimed at reducing the waste that the civic body collects from households on a daily basis and that will in turn save money spent on the collection of waste.

    French Navy Chief Admiral Christophe Prazuck said, "I don't think that Chinese Navy is hiding anything about their global appreciation and global ambition.There are different behaviours in South China Sea. First, why do we go there six, seven or ten times a year? We go there because international law of the sea is at risk in this area of the world."

    The committee has suggested amendments to 46 penal provisions, "so as to either remove criminality, or to restrict the punishment to only fine, or to allow rectification of defaults through alternative methods", an official release said. The proposals are aimed at further de-clogging of the criminal justice system in the country.

    On Monday, the Mumbai bench of the NCLT directed the resolution professional to communicate with the South American firm Synergy Group to appear before the bench. The tribunal has also made the ministry of civil aviation and DGCA party to the case and sought their response regarding the availability of the slots to fly between destinations.

    Air Costa is the second Indian airline, after Jet Airways, to undergo court-monitored debt resolution process under the Insolvency and Bankruptcy Code. Aviation regulator Director General of Civil Aviation had in June 2017 suspended the flying licence of the airline, making it officially wind up operations.

    While the proposal to tweak conditions for auctioning of completed highway stretches to make them attractive for investors and allowing NHAI to securitise the future flow of toll revenue of already operational stretches with banks and financial institutions to get upfront lump sum amount would be considered by the cabinet.

    Market regulator, SEBI, wants to introduce the concept of controlling shareholders.

    The process to find a buyer for Videocon started in August. All parties have submitted formal expressions of interest (EoI) and will soon start due diligence.

    Not only should you ask your employer for the NPS benefit, but you should also invest in the scheme on your own. You can reduce your tax outgo significantly. Hence in this way, you can optimise your tax by rejigging your income and investments.

    The amendment comes after industry sought clarity on whether software development could be treated as manufacturing and be eligible for the reduced tax rate. On September 20, FM Sitharaman slashed the corporate tax rate to 22% for companies that do not seek exemptions or incentives, and to 15% — from the current 25% — for new manufacturing companies.

    Influential Muslim voices were specially invited or consulted before the decision was taken. While four voices were strictly against filing of the review, everyone voted against the principle of accepting the land.

    "With the Essar Steel judgment out, it has now become easier for distress asset transactions to happen. Now, it needs to be seen how banks open up to sell their sticky assets," says Jayesh Mehta, country treasurer, Bank of America.

Load More...
x

Other useful Links


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service