Budget 2020: Co-working companies look for booster shots
Despite the massive growth of the co-working sector, experts believe that there will be a wave of consolidation to hit the sector.
Government may get Rs 45,000 crore cushion on corporate tax cut
The govt is estimating a Rs 1 lakh cr loss due to a reduction in corporate ta...
FPIs, PE funds get notices from AAR
Many PE funds and FPIs that had invested in India through Mauritius and Singapore had got a grandfatherin...
New Singapore treaty harsher than GAAR, may impact FPI flows into India
Investors based out of Singapore continue to avail several tax benefits for putting money in India.
Spanish league president Javier Tebas tears into FIFA
The 57-year-old official criticised the world governing body for becoming “competitors” as regards tournaments rather than mere “regulators” of the sport, as well as Real Madrid president Florentino Perez for discussing his own elite league idea without much thought for the distorting financial impact on the sport.
Watch out for smartphone multipliers
The estimated sales of the smartphone ecosystem are fast rivaling the devices themselves. Deloitte Insights predicts that in the coming days, the smartphone economy will be driven by the smartphone multiplier. Here’s a snapshot.
Income-tax needs rationalisation, not reduction: Ashutosh Dikshit, Deloitte
It is still early days yet but one would expect a positive outcome from the e-assessment scheme.
Courier companies seek relief on GST E-way bill rule
GST Rule 138E, which took effect in November, doesn’t allow an entity that hasn’t filed returns for two straight months to generate an e-waybill. While the rule won’t impact direct deliveries to ecommerce customers, business-to-business (B2B) orders from overseas will likely get hit.
Foreign companies will be taxed for money earned by Indian arms
Questioning has begun. The tax department has already issued notices to subsidiaries of several MNCs.
ETRISE Top MSMEs Ranking: As GST collections slip, compliance cost increases
A slowdown in consumption is also hurting tax collections and a prolong period of economic uncertainty will further pressure.
Slump to hit increments but hot skills to command a premium
“The skill differentiation and the performance differentiation will be almost equal in terms of increments paid out,” said Anandorup Ghose, a partner at Deloitte. “There may be someone with a particular kind of machine learning skill who hasn’t had a great output this year.
Roadshows to lure investors for Concor
They said investor interest is being determined through the roadshows, which will be followed by detailed expressions of interest and formal proposals. On Friday, shares of Concor closed 0.28% higher on the BSE at Rs 563.10.
NCLAT reserves order over NCLT's jurisdiction to implead auditors in IFIN case
The two-member bench led by Chairman Justice S J Mukhopadhaya also sought a written submission from the Ministry of Corporate Affairs by Tuesday, to determine whether the NCLT has jurisdiction to initiate civil proceedings against any party.
GST authorities begin audit exercise: issue show cause notices
India Inc is set to face first ever tax audit under the GST regime. The taxpayers are being asked to furnish detailed records of GST forms, income tax papers and other documents for detailed records for FY2018. Tax authorities had issued a detailed GST manual telling at least 70% of taxpayers in each commissionerate have to be audited.
L&T Infrastructure Finance to provide Rs 518 crore loan to AG&P for city gas projects
AG&P is the largest foreign player in the city gas distribution business after it won licenses to retail compressed natural gas to automobiles and piped cooking gas to households in 12 cities in Andhra Pradesh, Karnataka, Kerala, Rajasthan and Tamil Nadu.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service