Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.

Finance

Oct 17, 2019, 08.43 PM IST
11,586.35122.35
Stock Analysis, IPO, Mutual Funds, Bonds & More
Currency in circulation jumps by Rs 19,699 crore, total kitty hits Rs 22 lakh crore

The week before Diwali usually sees a surge in currency in circulation as consumption rises and majority of payments for personal expenditure continues to be in cash. This year, the festivals have also coincided with elections in several states.

Cos tailoring land deals, machine transfers to claim lower tax rate

After the tax cut by Finance Minister, many cos are trying to find a way around the rules to reap some benefit of the same. Deals are being tailored and tax experts are being consulted to find a way to register their deals as that of a new company.

Economy in tailspin…doing very badly, says Nobel laureate Abhijit Banerjee

Abhijit Banerjee has repeatedly expressed concern over the slowing growth of the Indian economy, saying it was time India stopped worrying about monetary stability and started worrying a little more about demand.

Faceless e-assessments will motivate honest taxpayers: Pramod Chandra Mody, chairman, CBDT

CBDT chairman says the centralised process will improve “the quality of assessments”.

Slowdown in three sectors, dip in imports hit GST collection

Auto sector, which has seen sales decline for 11 straight months, led the decline with Rs 3,500 crore, followed by cement (around Rs 1,500 crore) and steel (around (Rs 1,200 crore).

Forex reserves scale record high of $434.6 billion

The increase in reserves in the reporting week on account of foreign currency assets (FCA), a major component of the overall reserves.

Banks seek deferred tax assets clarity

Banks with huge DTAs on their books have reached out to the Reserve Bank of India (RBI) to synchronise its provisioning norms with the recently-announced tax rates.

Financial services firms come under taxman’s scanner

Indirect tax officials suspect that some of these companies may have claimed input tax credit on expenses incurred before the switchover to the GST regime in July 2017, said people aware of the matter.

I-T dept has to quote DIN to taxpayer

A DIN will be mandatory for every type of communication with the income tax department without which, the document and communication will be deemed invalid, said a CBDT statement.

Corporate tax cuts alone will not stimulate private capex: Ind-Ra

The Ind-Ra report provides a sector-wise break-up of the tax savings accruing on account of the tax cut.

MAT credit not available to companies opting for lower corporate tax rate

MAT credit not available to companies opting for lower corporate tax rate

Firms that opt for the new tax rate will lose out on the Minimum Alternate Tax credit lying on their books.

Asset sale plan in place to fetch government Rs 89K crore

Asset sale plan in place to fetch government Rs 89K crore

The plan envisages monetisation of assets worth Rs 15,000 cr in aviation & Rs 22,000 cr of railways.

IBC improves business climate by allowing easier exit: Nirmala Sitharaman

IBC improves business climate by allowing easier exit: Nirmala Sitharaman

FM said IBC has created a set of professionals who help, advise and also show the path through which businesses can exit if situations are adverse.

Corporate tax cut to help top 1000 firms to save Rs 65,000 crore

Corporate tax cut to help top 1000 firms to save Rs 65,000 crore

Top 1,000 listed entities will save up to Rs 65,000 crore which will include Rs 9,000 crore savings to banks and Rs 6,000 crore to the struggling non-banks.

Paytm Payments Bank led digital transactions in July: Report

Paytm Payments Bank led digital transactions in July: Report

The bank has also on-boarded almost 1 million rural merchants in the same period.

CBDT inks 300th advance pricing agreement

CBDT inks 300th advance pricing agreement

The Central Board of Direct Taxes (CBDT) signed the 300th advance pricing agreement (APA) in September, 2019, an official statement said.

Load More...
1

Other useful Links


Follow us on


Download et app


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

BACK TO TOP