Peeved by rejection of claim, top Chartered Accountant Bansi Mehta wants winding up of New India Assurance. Despite winning a case against the insurer at a Consumer Forum, Mr Mehta’s claims still remain to be settled. If the insurer does not pay with
Mahesh Bhupathi, best known for his winning ways on court, has claimed that he had reimbursed his tennis-trainer father C G Krishna Bhupathi the Rs 28.5 lakh he spent on him for the period 1989-90 and 1993-94—four years in total. The tennis ace has c
Indian-listed shares:-Long-term capital gains on transfer of the above securities (where securities transaction tax is payable) would continue to be eligible for a 100% deduction, and remain exempt from tax. The DTC has reduced the tax burden substantially for short-term small investors. Short-term capital gains on such securities (taxable at 15.45%) would be eligible for 50% deduction and thereafter taxed as per the normal slab rates applicable. Effectively, the tax under DTC would range between 5% and 15%, depending on the tax bracket in which an individual falls. Small investors (with an income between Rs 2 lakh and Rs 5 lakh) would pay only 5% capital gains tax.
Next time you are investing in mutual funds, make sure you issue a cheque from your own bank account, as fund houses will soon start rejecting third-party payments. The move is part of efforts to check fraudulent activities by mutual fund agents and
The Finance Ministry will decide on whether to bring out yet another revised draft of the Constitutional Amendment Bill, needed for the roll out of the new indirect taxes regime GST, after it has received inputs from state finance ministers who are t
Hundreds of listed companies regulated by SEBI may be paying crores of rupee in a year as salary to their CEOs, but the next chief of the market watchdog is going to get only Rs 3 lakh a month. The government has proposed a consolidated monthly salar
Upset over sharp reduction in the rates of duty drawback, or tax refund, exporters today said the move will have adverse impact on employment in sectors like apparel, leather, handicraft and metal.
The Finance Ministry has pitched for lifting curbs on wheat exports so that India could take advantage of the crop’s scarcity in the global market due to production loss in countries like Russia and Pakistan. India could make use of the global scarci
It has come to our notice that, certain Overseas Entities who are authorized by the Reserve Bank of India, under the Payment and Settlement System Act, 2007, to operate in-bound cross border money transfer services through agents appointed in India, have been insisting on “exclusivity” arrangements with their agents for rendering such services in India. […]
It is true that even now people repose so much confidence on the High Court or the Supreme Court and we know the reputation of many judges as independent, knowledgeable and courageous. Professionals connected with the judiciary know the reputation of a judge and if there is some corruption, then, definitely, they will know the allegations of corruption or even the corruption. With the change of adoption of methods in the corruption practice, now, it has become very difficult to find proof or establish the corruption charges on a High Judge or a Supreme Court Judge.
