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Liquidity boost: State banks can now buy assets of NBFCs

The scheme will help address NBFCs and HFCs resolve their temporary liquidity or cash flow mismatch issues.

professional tax

Dec 11, 2019, 10.11 PM IST

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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...

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  • 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.

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

    Homebuyers were upset with the way IRP Soni and AR Agarwal had been trying to revive the two projects.

    Helped by government stimulus measures, the Goods and Services Tax (GST) collection in November crossed Rs 1 lakh crore, after dropping belo...

    India's economic growth slowed to 4.5% in the July-September quarter - its weakest pace since 2013.

    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.

    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.

    "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.

    “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."

    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 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.

    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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