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FINANCE BILL 2012
Epstein files reveal ongoing ties with this one wealth managerDespite the allegations surrounding Jeffrey Epstein, Bank of America wealth adviser Paul V. Morris maintained connections with Epstein for ...- Explainer: Why India's higher tariffs are unlikely to dent gold, silver demandIndia has increased import duties on gold and silver to 15 percent. This move aims to reduce imports and protect foreign exchange reserves....
- Raghav Chadha's exit: After Delhi, AAP stares at a big assembly test in Punjab, Goa and GujaratSeven MPs, including prominent figures, have quit the Aam Aadmi Party, significantly weakening its parliamentary presence and impacting ele...
- CBI registers fresh case against Reliance Communications, Anil AmbaniThe CBI has registered a fresh case against Anil Ambani and Reliance Communications for allegedly causing a loss of ₹3,750 crore to Life In...
- Lok Sabha passes taxation amendment bill, scrapping of retro tax lawIn 2012 the Supreme Court ruled that such income is not taxable under the existing provisions of the income tax Act. Consequently, the Fina...
- Lok Sabha passes tax amendment bill, will help settle disputes with Cairn, VodafoneScrapping of retro tax clause of Finance Act 2012 will now settle the long-drawn litigation with Vodafone Group and Cairn Energy omitting a...
- Parliamentary panel rejects Micro Finance BillA Parliamentary panel today rejected the bill on micro finance institutions which sought to empower the Reserve Bank to regulate them and f...
- Budget 2013: OPPI wants cut in customs duty for import of drugs, vaccinesOPPI has asked for a cut in the additional customs duty(ACD) to 2% from 6% on import of vaccines, specified medicaments and health suppleme...
- FM hopeful of early passage of micro finance BillThe Micro Finance Institutions (Development and Regulation) Bill, 2012, is currently being scrutinised by a Parliamentary Standing Committe...
- Foreign industry bodies seek more clarity on Finance Bill 2012Ten overseas associations, including USIBC and USCC, in a letter to Finance Minister Pranab Mukherjee have sought further confirmation that...
- Lok Sabha passes Finance Bill 2012-13With this, the Lok Sabha has completed the three-stage budgetary process. The Finance Bill will go to Rajya Sabha which will return it for ...
- Government rolls back 1% TDS on property salesIn the budget, FM had proposed to levy TDS on transfer of immovable property, in a bid to tighten screw on corruption and black money in th...
- Long-term capital gains tax on PE investment cut to 10 per centgovernment cut the long-term capital gain tax from 20 per cent to 10 per cent on investments made by private equity funds into shares of un...
- Government may clarify stand on Vodafone issue in Parliament: Pranab MukherjeePranab Mukherjee said government may clarify its stand on Vodafone tax controversy in Parliament at the time of discussion on Finance Bill,...
- Finance Bill 2012: New process of filing tax return to become more taxingThough, the major changes in the tax return forms and filing process is a well-thought initiative, the same should not result in undue hard...
- GAAR adding anxiety to investors confidence: ICRAGAAR issues and indirect transfer norms in the proposed Finance Bill 2012 has worried foreign investors.
- Retrospective change in I-T Act may yield around Rs 40,000 croreRetrospective change in I-T Act to bring into tax net Vodafone-type deals is expected to yield exchequer Rs 35k to Rs 40k, govt said.
- Government tightens customs laws; makes offences cognizableGovt to tighten the customs law by taking away powers to grant bail for offences punishable with imprisonment of 3 yrs or more from customs...
- Budget 2012: Change won't affect FDI from MauritiusForeign investors worried that the change in Budget is aimed at denying capital gains exemption to those investment routed through Mauritiu...
- Budget 2012: Food Security Bill may get Rs 5,000 croreThe food bill is of extreme political importance to UPA which had pitched the programme as an electoral promise.
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