The cap on overseas investments by individual mutual funds is likely to be removed.A finance ministry official said on Wednesday that the government and the Reserve Bank of India (RBI) have decided to do away with the ceiling. Currently, Indian mutua
The fringe benefit tax (FBT) on employee stock option plans (Esop) could hit expatriate employees of multinational companies as credit cannot be claimed against it under double taxation avoidance agreements (DTAA). Thus, expat employees of multinatio
In a landmark decision, the Central Information Commission (CIC) has ruled that judicial proceedings of all courts and tribunals are beyond the purview of the Right to Information Act."...a judicial authority must function with total independence and
The government on Tuesday said it will not accept tax returns for the quarter ending September 30 and thereafter if companies fail to provide PAN details of a majority of their employees. The Income Tax Department will not accept the quarterly TDS re
After a delay of more than five months, the government is likely to notify within a week the guidelines for evaluating fringe benefit tax (FBT) on stock options given by companies to their employees. "Finance Minister P Chidambaram has given his appr
Indian Finance Minister Palaniappan Chidambaram said the government may take steps to help exporters cope with a nine year-high exchange rate and a U.S. slowdown. ``If I have to help the exporters, I can only do so by fiscal steps,'' Chidambaram said
This to inform that CBDT has warned action to be taken if TDS returns for salaries is filed with less than 90% of PAN data and returns for payments other than salaries is filed with less than 70% of PAN data furnished for quarter ending Sept 30, 2007
PUNE: Filing of returns would soon be a much easier preposition for the value added tax (VAT) dealers in the city. The sales tax, Pune division, will introduce the facility for online filing of VAT returns in two months, D.V. Bhalchandra, additional
Strike when the iron is hot. Banking on the bullish market sentiments, National Highways Authority of India (NHAI) plans to issue capital gains bonds worth Rs 2,000 crore on Monday. The bonds, with a face value of Rs 10,000, carry an annual coupon ra
THE Supreme Court has admitted a petition moved by revenue department levy of tax on the dividend income of assessee on which no tax was paid in the contracting country which has signed Double Tax Aviodance Agreement with India. A bench comprising Ju
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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