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CBDT extends ITR filing deadline for corporates to November 15The Central Board of Direct Taxes extends the corporate income tax return deadline for the assessment year 2024-25 by 15 days to November 1...- Tax exemption notified for non-residents' investments in offerings by IFSC"The relaxation will allow non-residents to claim tax exemption in India on income from financial products offered by GIFT city intermediar...
- Foreign cos without PAN can open bank a/cs in IFSC-Gift CityIn a move aimed at streamlining the process for non-residents and foreign companies, the International Financial Services Centres (IFSC) at...
- Govt should consider lowering TCS on overseas tour packages to increase outbound tourism: ReportThe growth in the Indian travel and tourism industry is driven by a combination of rising income levels and changing lifestyles, developmen...
- Govt paves way for IFSC units to issue P-notes to foreign investorsFinance Minister Nirmala Sitharaman in her Budget speech on Wednesday recognised "offshore derivative instruments (ODIs) as valid contracts...
- FinMin to stick to privatisation of already announced CPSEs next fiscalThe Finance Ministry will move ahead with the already-announced and planned privatisation of state-owned companies in the next fiscal, and ...
- Govt allows non-resident taxpayers to manually file Form 10F till March 31 for claiming TDS benefitIn a notification, the CBDT said to mitigate genuine hardship to such taxpayers, it has been decided that such category of non-resident tax...
- Common ITR form for individuals in the worksThe Central Board of Direct Taxes (CBDT) has proposed a common income-tax return (ITR) for individuals by merging all the existing returns ...
- Andersen Global sees 'extraordinary' mkt opportunities in India, to continue to add quality workforce: CEO Mark Vorsatz"We will continue to add quality people. We see the market opportunities as extraordinary. We have invested in both a global tax program (w...
- India's outbound tourism to surpass USD 42 bn by 2024: ReportWith a growing economy, young population, and growing middle class, India is ideally positioned to become one of the most lucrative outboun...
- India's outbound tourism to surpass USD 42 bn by 2024: ReportWith a growing economy, young population, and growing middle class, India is ideally positioned to become one of the most lucrative outboun...
- India should allocate funds to develop 'high-end' tourism, focus on hosting global biz events: ReportThe 'Rebuilding Tourism For the Future 2022' report, prepared by Nangia Andersen LLP in association with Ficci, said post COVID, a new term...
- OECD paves way for new global tax regime roll-outThe global tax framework, drawn up by the OECD, has two pillars. Pillar One seeks to ensure a fairer distribution of profits and taxing rig...
- Contributions to Patanjali Research Foundation for scientific research tax deductible, says CBDTExperts said tax breaks in the form of deduction of expenses incurred for specified purposes, channelizes the funds of the taxpayers in the...
- Lens on goodwill tax: Last 5 years’ M&A deals likely to be reviewedThe Central Board of Direct Taxes on Thursday notified a mechanism for computation of short-term capital gains and written down value where...
- FDI in computer software, hardware jumps threefold to $26.14 billion in 2020-21: DPIIT dataThe computer software and hardware sector accounted for about 43 per cent in the total $59.63 billion foreign inflows that India attracted ...
- LLP compliance set to get stricter as MCA applies sections of Companies Act to LLP ActA total of eight sections relating to the register of significant beneficial owners, disqualifications of directors, conduct of inquiries a...
- 2% equalisation levy on non-resident e-commerce cos non-discriminatory: India to USIn a six-page written submission to the United States Trade Representative (USTR), India said the levy is applicable only for companies wit...
- I-T relief on purchase of discounted shares of troubled companies"Such an exemption will encourage more investors and make such reconstruction schemes more lucrative and viable," said Suraj Nangia, Partne...
- Change in transfer pricing regulations to help MNCsThe Union budget 2020-21 has proposed to amend the Section 92CB of the Income Tax Act that empowers the Central Board of Direct Taxes to fr...
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