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PARAS SAVLA
Old levy returns: Maha trusts may be asked to pay upMaharashtra's temple and religious trusts may soon contribute a portion of their donations to the state government, following the Bombay Hi...- Deep industries shares skyrocket over 19% to hit all-time high on Rs 1402 crore order winIn an exchange filing, the company stated, "Deep Industries Ltd (DIL), a leading integrated solutions provider for oil and gas field operat...
- ITAT ruling puts PE, VC firms in a spot of botherIn the Legatum case, the Dubai-based fund filed a tax return on October 19, 2018, reporting no income for the assessment year 2018-19. Howe...
- CBDT clarification on tax on freebies could create complications for unlisted companies, say expertsThe government had introduced a new section (194R) to the Income-tax Act, under which a 10% TDS was to be levied from July 1 on transaction...
- Cryptocurrencies as esops will be taxed as 'gift' under new tax lawEmployees who received cryptocurrencies or other digital assets such as NFTs from crypto exchanges as part of their compensation package wi...
- Deep Industries to diversify into services to offshore rigs, biogas industryThe company wants to begin with offering diving services for the maintenance of offshore oil rigs over the next two years and then subseque...
- UK business of Tata Steel continues to teeter on the brinkTata Steel Europe (TSE) posted an operating profit in the fourth quarter (January-March) of fiscal 2021, after making losses for several qu...
- HNIs demand tax dept’s no due certificate before buying high-end distress properties“Many real estate deals are happening at distressed valuations, and at times deals are happening even below the stamp duty valuation rates,...
- High stock prices take director remunerations over legal limitHigh valuations taking director remuneration over legal limit while exercising stock options
- No benefits if tax haven route not justified: Madras HCIn a judgement that could impact several foreign companies investing in India through subsidiaries or investment arms registered in other c...
- MNC Arms denied GST sops as indirect tax department deems them intermediariesThe tax department has now taken a stand that these companies aren’t exporters and hence they cannot get the GST refunds.
- Tell us more about your equity investments in India: Taxman tell multinationalsTax department questioned remittances, investments in equity by companies and have asked them to file returns.
- I-T liability exists even when salaries, payments deferredThe situation may be more worrisome for service providers who have not received payments.
- Industry calls for 15-month fiscalMost companies’ valuations and cash flows are impacted by the pandemic and they will face impairment. The government is considering the pro...
- Notices to 10,000 depositors post demonetisationNotices have been sent to about 10,000 depositors under benami law, more people to get similar missives.
- Will it be Indian income tax v/s Indian PSUs for PoEM compliance?Industry trackers under the current definition and framework of PoEM many PSUs with foreign units may have to cough up extra money to pay t...
- We see a lot of growth and opportunity coming in: Paras Savla, CMD, Deep IndustriesThere have been immense opportunities coming in from the various businesses like gas dehydration, drilling rigs and gas compression which i...
- India had 48,000 crorepatis in 2015: Income Tax DepartmentAccording to the income tax returns figures released by the income tax department, 45,027 people had a gross income between Rs 1 crore and ...
- E-filing of income tax appeals faces hurdlesA proper preview of Form 35 is not available before submitting electronically. Nor is there any clarity on the process of rectification of ...
- Education: Now, take a loan to pay school feeWith this new facility, you can avail of loans ranging from Rs 30,000-4 lakh from specific banks for classes up to senior secondary.
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