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The next booster shot to revive economy may not be far away
Going by what the indicators are showing so far, third quarter doesn't hold any hopes of revival.
Breather for BPOs: Government withdraws contentious GST Circular on back office support services
The Circular was ambiguous and continued to ...
Hawala probe: I-T dept issues notice to Congress for receiving Rs 170-cr funds
The Income Tax Department has issued a notice to the Congress ...
Hawala probe: I-T Dept issues notice to Congress for receiving Rs 170-cr funds from Hyderbad-based firm
The notice has been issued to the party here to take the probe forward in a case that was unearthed last month after multiple raids were conducted in Delhi, Mumbai and Hyderabad with links to "leading corporate houses" in the infrastructure sector.
States demand pending GST compensation
Finance ministers of Delhi, Punjab, Puducherry and MP, and representatives of Kerala, Rajasthan, Chhattisgarh and West Bengal met Nirmala Sitharaman and said the delay in GST compensation transfer has put them in an acute financial position. MP commercial tax minister Brajendra Singh Rathore said the Centre owes nearly Rs 3,000 crore to the state for August-November.
Steel demand to slow down on weak auto, manufacturing demand: Moody's
The country's steel output will increase on higher capacity utilisation as demand grows.
Budget-making team of Finance Ministry short of two key officials
The budget for 2020-21 to be presented on February 1 is keenly awaited for the expected second wave of structural reforms for pulling out the economy from its over six-year low growth. In addition to expenditure secretary, the position of joint secretary, one of the key officials in the entire Budget-making process, is also vacant for almost three months.
Banks can’t claim tax relief on FD insurance
Reversal of credit would lead to an increase in cost by anywhere between Rs 200 to Rs 500 crore for banks.
ELSS and IDFC Tax Advantage (ELSS) fund
ELSS and IDFC Tax Advantage ELSS fund Equity Linked Saving Scheme ELSS is a category of mutual fund that lets you invest in equity market for long term w...
Parliament okays corporate tax cut; FM says software developers, miners not eligible for lower rates
Replying to a debate on the legislation, Sitharaman said a negative list of activities that do not constitute manufacturing has been created and will not be eligible for the lower 15 per cent tax rate for manufacturing firms that are set up after October 1 and that begin operations by 2023.
India needs sector-focused demand stimulus, not income-tax cut: Suvodeep Rakshit
Credit channels through the banking sector or NBFCs have to clear up.
Govt should provide strong stimulus package for economy: Kumar Mangalam Birla
"One of the things that it (govt) can also do is to give stronger fiscal stimulus,"Kumar Mangalam Birla said.
Will consider suggestions for personal I-T cut: Finance minister Nirmala Sitharaman
Her comments on personal income tax rates came in response to a question from TMC member Saugata Roy during a discussion in Lok Sabha where she was piloting the bill to amend corporate tax rates. She said she valued everybody who earned their living, paid their tax and took care of their family and business. “So, personal income tax will be considered for its merit.
France says US pulling back on digital tax deal
The OECD is overseeing negotiations among 134 countries to forge a system to make firms pay taxes in the countries they operate, amid growing public anger over tax-avoidance techniques allowed under current laws.
Six Tata trusts to challenge tax department order in tribunal
Six Tata trusts had their registrations cancelled & will now challenge the order before ITAT.
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