The scope of wealth tax, which is currently levied on unproductive assets like jewellery, yacht and aircraft will be extended to productive assets like equity or preference shares held by an Indian company in its overseas subsidiary and interest in f
Corporate espionage is on the rise in the country, with the digital medium offering an extremely fertile ground for its perpetuation. An increasing number of companies are also hiring private detectives to keep tabs on both their employees and busin
The deadline of March, 2014, under the proposed Direct Taxes Code (DTC) for making new special economic zone units operational if they are to get tax benefits is likely to speed up development of these SEZs by entrepreneurs, a report said.
In a setback to stockbroker Bhupen Dalal, an accused in the 1992 securities scam, a special court has allowed his posh flat in upscale Altmount Road area here to be auctioned to recover income tax dues running into crores of rupees. Justice D K Deshm
Government today said its proposals on withdrawing profit-linked exemptions in Direct Taxes Code will bring in over Rs 50,000 crore and make the exchequer little bit richer despite moderation in tax rates. “Government would bring Rs 55,000 crore wort
Incensed over the planting of articles and wrongful advertisements in the run up to a company’s public offer, market regulator Sebi today pulled up merchant bankers and said it is considering coming out with revised norms on IPO advertisements.
Mahindra Satyam, formerly Satyam Computer Services, will delist from the New York Stock Exchange, or NYSE, after realising that it cannot meet the October 15 deadline for preparing financial statements under US accounting standards.
India will soon enter into an era where investors can indulge in stock trading via their mobile phones from any where in the world, irrespective of what they may be doing at that particular moment. You can visualize a situation where you are watching
Godrej & Boyce Mfg. Co. Ltd. Vs DCIT,, ITA 626/2010 and W.P. 758/2010 dated 12 August 2010, – Bombay High Court rules on prospective operation of Rule 8D and upholds the constitutional validity of sub-sections (2) and (3) of section 14A and Rule 8D.
The High Court held that notice issued for reopening the assessment which could be rectified under section 154 is invalid.
