Stock pick of the week: Why analysts are bullish on Kalpataru Power
Analysts are getting bullish on this counter because of its prospects. For instance, its order backlog increased by 7% to Rs 15,130 crore in the second quarter.
CAIT seeks probe into alleged avoidance of tax liability by Amazon, Flipkart
The Confederation of All India Traders (CAIT) wrote to the fi...
NITI Aayog preparing draft model Land Title Act, 2019
Conclusive land titles are guaranteed by the state for their correctness and entail pro...
Trust registration: Tatas move ITAT against cancellation date
The Income Tax Appellate Tribunal had cancelled 6 Tata Trusts' registrations from October 31, 2019. If a charitable organisation’s registration is cancelled after June 1, 2016, it will have to pay exit tax. The Trusts’ argued that they surrendered their registrations on February 26, 2015, and that should be considered as the cancellation date.
How will an NRI debt mutual fund investor be taxed?
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Lotus Panache and Boulevard home buyers vote against IRP; interim administrator named
Homebuyers were upset with the way IRP Soni and AR Agarwal had been trying to revive the two projects.
GST collection crosses Rs 1 lakh crore mark in November
Helped by government stimulus measures, the Goods and Services Tax (GST) collection in November crossed Rs 1 lakh crore, after dropping belo...
Government plans to invest $1.39 trillion in infrastructure to spur economy
India's economic growth slowed to 4.5% in the July-September quarter - its weakest pace since 2013.
UK's Labour vows action on 'tax and wage cheat' multinationals
Labour unveiled a plan to spend almost 83 billion pounds ($106 billion) on a programme of widespread nationalisation and free public services with the revenue coming from taxes on high earners and corporations. Labour said its "Fair Tax Programme" would ensure the City of London financial district, big businesses and those who dodged tax paid their share.
Govt eases input tax refunds for exporters
Delay in the issuance of refunds has been a sore point for exporters since the switchover to goods and services tax (GST) regime in July 2017. The new directive from the Central Board of Indirect Taxes and Customs (CBIC) follows assurance from finance minister Nirmala Sitharaman to the industry on easing of compliances.
Kamal Haasan reiterates intention to join hands with Rajinikanth "only if required"
"That is our attitude, we mean it.. we have come here not just to do politics but to make a better Tamil Nadu," the actor-politician added. "Carefully look at what we had said.. (they had said they would join hands)if required only.. we will, if required, and that too for Tamil Nadu's sake," he said.
Iran to unblock Internet once ‘abuse’ stops: Govt
“Many professions and banks... have faced problems, and we have been trying to solve this,” government spokesman Ali Rabiei said, quoted by semi-official news agency ISNA. “The internet will come back gradually in some provinces where there are assurances the internet will not be abused,” he said. “We understand that people have faced difficulties."
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 open a Tier-1 account to invest in NPS. However, there are certain conditions that must be met to make partial withdrawals from a Tier-1 account.
CBDT notifies TDS certificate to be issued by individuals deducting tax on payments to contractors
According to the CBDT notification, an individual is required to deposit the tax deducted within 30 days from the end of the month in which the deduction was made. The tax must be deposited along with a challan-cum-statement in Form 26QD.
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