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DEFERRED TAX LIABILITY
Have a US 401(k)? Indians must report withdrawals and maturity details in ITR schedules FSI and FAIndian taxpayers with US 401(k) accounts must now report withdrawals and maturity details in ITR schedules FSI and FA. Failure to disclose ...
Vodafone Idea raises Rs 1,182 crore from promoter Aditya Birla GroupVodafone Idea secured Rs 1,182 crore from promoter Aditya Birla Group via warrants, a crucial step towards its Rs 1 lakh crore cash generat...
Balance sheet trick: Decoding another manipulation, and how to spot a bad apple in your portfolio before othersThere is one line in the accounts that most investors skip because it looks routine. But behind that line can sit disputed demands, old los...
The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...
Toll collection against construction services provided to NHAI taxable: Rajasthan HCRajasthan High Court ruled toll collection rights are taxable consideration for highway construction. This decision impacts public-private ...
Worked in the US, UK or Canada? Form 40 can help Indians defer income tax liability on foreign pension accountsIndian residents with foreign pension accounts like 401(k) from working in the US, UK, or Canada can now defer India tax liability. By fili...
Natco Pharma shares crash 15% after weak Q4 results; net profit tanks 34% YoYNatco Pharma shares plunged after the company reported a steep fall in fourth-quarter profit, revenue and EBITDA. Weak operating margins an...
Central Bank of India well-positioned to surpass Rs 5,000 cr profit in FY27: MD Kalyan KumarCentral Bank of India targets Rs 5,000 crore annual profit during this fiscal year. A new tax regime offers a significant boost. The bank p...
Vi pins hope on cashflow growth, loans, tax refunds to meet Rs 1 lakh cr cash requirementVodafone Idea plans to raise over Rs 1 lakh crore in the next three years. This will fund network upgrades and debt payments. The company e...
Gave up tenancy, got new flat in redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT MumbaiA Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Inc...
The true cost of PMS returns: Disclosing the hidden gap between headline numbers and real investor gainsFrom glossy returns to tax drag, what an equity PMS earns investors often trails what is advertised.
Six companies, six tricks in Indian balance sheets, and how investors get taken for a rideWhenever an Indian company imports goods, borrows in foreign currency, earns overseas revenue, or runs a foreign subsidiary, forex accounti...
RSU vs ESOP: Which is better for you as employee? Pros and cons explainedFrom vesting-day perquisite taxes to a 40% US estate levy that most Indian professionals never see coming, your employer’s stock is not the...
Maruti to raise deferred tax liability provision by Rs 850 cr in Q2 on indexation removalMaruti Suzuki India stated it will raise its deferred tax liability provision by Rs 850 crore, following the withdrawal of the indexation b...
The Ramco Cements Q2 results: Net profit jumps two-fold to Rs 519 crore"During Q2, the sale of cement is 2.71 million tons compared to 2.21 million tons in the corresponding period of the previous year with a g...
Shipping Corporation Q4 results: Net profit jumps 83% to Rs 111 crThe state-owned company had clocked a consolidated profit of Rs 60.68 crore for the corresponding quarter in 2018-19.
- Deferred tax liability lowers Kingfisher's loss
Kingfisher Airlines has seen a decline in its losses for fiscal 2007-08, thanks to the deferred tax liability of over Rs 600 crore, accordi...
- SC refuses to stay AS-22
The Supreme Court on Monday refused to stay accounting standard AS-22 though it admitted the petitions of some corporate houses challenging...
- New accounting standards challenged in SC
A few corporates have moved the Supreme Court challenging the new accounting standards issued by the Institute of Chartered Accountants of ...