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Diamonds sold! Rana Kapoor now owns only 900 shares in YES

Promoter entities YES Capital and Morgan Credits have sold their remaining 0.8% stake.

Tax notices

Nov 19, 2019, 03.28 PM IST

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TAX NOTICES

Hardcastle wants higher GST & input tax credit

The move could have a huge implication for the country’s restaurant sector Restaurants across India, such as McDonald’s and Pizza Hut, are currently levied 5% GST and they cannot claim ITC on the tax paid on expenses, including raw materials and rent.

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...

Congress gives notice of adjournment motion in LS over withdrawal of SPG cover of Gandhis

On Monday, the first day of the Winter Session, Con...

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  • Till a couple of years ago, only officers of the rank of Principal Chief Commissioner of Income Tax (PCCIT) were eligible for being considered for appointment as Member, CBDT. CBDT, on November 11, sought to widen the catchment of officers by making eligible all officers of the rank of Principal Commissioner of Income Tax and above.

    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.

    SC on Friday held former Ranbaxy promoters Malvinder Singh and Shivinder Singh guilty of contempt of court for violating its earlier order, asking them not to divest their shares in Fortis Healthcare. The Court has vide the notice sought an enquiry into consummation of the acquisition of healthcare assets from RHT Health Trust by the company.

    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.

    Special Judge Arvind Kumar has sent a notice to the Enforcement Directorate directing it to file a reply by November 22 about the bail plea of Ratul Puri who was accused and arrested by ED in connection with the AgustaWestland VVIP chopper deal. Puri moved the bail plea saying he was not required for further investigation.

    If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

    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.

    The public face of its lobbying effort, which included a tax proposal of its own, was FedEx’s founder and chief executive, Frederick Smith, who repeatedly took to the airwaves to champion the power of tax cuts. “If you make the United States a better place to invest, there is no question in my mind that we would see a renaissance of capital investment,”.

    According to the Act, the distribution of taxes suggested by the 15th Finance Commission to the state of Jammu and Kashmir will have to be apportioned to the Union Territories of J&K and Ladakh. The award made by the Fourteenth Finance Commission to the existing state of Jammu and Kashmir will be apportioned between the successor Union territories of J&K and Ladakh.

    People living in colonies in C, D and E categories may end up paying more property tax if the budget proposed by SDMC commissioner is implemented. To cover up deficit and increase revenue, it has been proposed to increase the tax from 11% to 12%.

    IT said they had conducted search action in Mumbai and Surat on November 6 on entry providers and beneficiaries who have been engaged in execution of civil contracts mainly BMC.

    The tax department has started questioning top companies and banks if they were passing on some of the common costs like salaries of chief e...

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