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GRANDFATHER CLAUSE
Govt may impose customs duty on solar equipment soonDomestic manufacturers have been anticipating the duty on solar equipment for a long time. Power and renewable energy minister told reporte...
Power projects may not be able to use 'grandfather' clause for Chinese imports, according to MNREThe issue arose after the Ministry of Finance was reluctant to approve of any exemptions, said people present at a meeting with the Ministr...
Implementation of Basic Customs Duty on Chinese solar imports to be delayed by at least two weeksLast month, union power and renewable energy minister RK Singh had told reporters and industry stakeholders that projects signed before Aug...
No duty on Chinese imports for public solar power projects; Conditions applyThe decision is subject to the approval of the Department of Revenue under the finance ministry, said RK Singh, minister of state for power...
Mauritius tax: A 30-yr-old treaty India still can't finaliseIndia needs to make its position on the subject clear. Either we implement the stated policy of granting tax treaty benefits and ensure tha...
SFBs need to widen deposit base by Rs 60,000 crore in 2 years: ReportTotal deposits of SFBs jumped 130 percent in FY19, leading to an increase in their share of deposits to 59.6 percent of non-equity liabilit...
Sebi relaxes group exposure limit for MFsA circular about the 10 per cent limit was issued by Sebi on October 1, 2019.
Sebi allows MFs to invest in unlisted NCDsWith regard to sector level exposure limits, Sebi has reduced such limits to 20 per cent from 25 per cent.
How equity oriented mutual funds are taxedMutual funds that invest 65% or more of their corpus in equity and equity-related securities at all times are called equity oriented mutual...
- Government-appointed panel to suggest employment-based sops for SEZ
Suresh Prabhu has requested the members of the group to review the entire ecosystem of special economic zones (SEZs) to suggest policy chan...
What is grandfathering clause for equity mutual funds?Tax on long-term capital gains made from sale of equity mutual funds is applicable from April 1, 2018. However, gains made till 31 January ...
Mutual fund advisors face tough time dealing wth LTCG tax calculationMutual fund advisors are flooded with queries from their clients about the actual computation of the new long term capital gains tax on equ...
Multiplex owners in UP demand clarity on refund as tax exemptions go away after GSTIn a bid to get investments in the state, the Akhilesh Yadav-led previous state government had doled out sops including a five-year tax exe...
New tax treaty with Cyprus puts ambiguity to rest in realty sectorA substantial amount of investments into the real estate sector in India had come through the Cyprus route.
GAAR fallout: Mauritius pushes India to include provision for grandfathering of investmentsA grandfathering clause will spare existing investments from capital gains tax and make GAAR applicable only on new inflows.
GAAR fallout: Indian laws cannot override bi-lateral treaties, says MauritiusMauritius has now sought grandfathering of investment from the island nation into India to ensure that changes in the double taxation avoid...
- Companies Act to define foreign firms holding, business interest
The government is likely to incorporate the definition of indirect shareholding in the Companies Act .