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PRANAY BHATIA
FPIs net buyers for 3rd month; invest Rs 22,872 crore in NovA net sum of Rs 25,230 crore was flowed into equities by FPIs in November.
Reliance promoters shuffle and restructure holdingsIncome arising from a transfer of equity shares of a company is exempt from long-term capital gains tax if the sale transaction was underta...
Tree House MD Rajesh Bhatia accuses ZEE's Subhash Chandra of unethical practicesRajesh Bhatia has clarified that EOW has registered the FIR on the basis of a “false complaint” filed by Dhelia.
How far is GAAR? It’s for FPIs to pick between treaty benefits & tax scrutinyThe I-T rules provide that GAAR provisions shall not be applicable to any FPI in case it chooses not to avail tax-treaty benefits, among ot...
Budget 2017: Dividend tax shocker for family trustsTax experts said this would impact succession planning of promoters, since many of them own their company's shares through family trusts.
Startups hail corporate tax cuts but say MAT still a concernWhile the industry expected exemption from MAT, it has accepted the provision to allow MAT credit to be carried forward from 10 to 15 years.
Jaitley turns market-friendly, boosts FPIs; Sensex salutes with 500-point rallyFears had intensified after a comment by PM on low taxes on capital gains, even though FM had later clarified that there was no plan to twe...
Government proposes to exempt FPIs from indirect transfer provisionFinance Minister Arun Jaitley proposed that category I and II foreign portfolio investors (FPIs) should be exempted from taxation on indire...
Investors rejig portfolios to trim capital gains tax outgoIn over 300 stocks with a market capitalisation of less than Rs 1,000 crore, daily average volumes have shot up between 500 per cent and 50...
Companies can now claim tax deduction on non-compete feesITAT has clarified while ruling in favour of the Indian subsidiary of Swiss specialty chemicals firm Clariant that non-compete fee is reven...
- Finance Minister Pranab Mukherjee axes multiple tax on software made in India
The move is expected to benefit domestic companies that sell software products, including Tata Consultancy Services, Infosys and Tally Solu...
Companies seek clarity on GAAR provisions for local dealsThe General Anti-Avoidance Rules give powers to the income-tax officials to deny tax benefit to a deal if they feel the purpose is primaril...
- JM to let its out-of-form funds to take the crease
Fund house to bring nine of its thematic players into its three main funds.
- Cos take the 'easy' way out in liquidation drive
The 'easy exit scheme' has received an overwhelming response from promoters who want to wind up their loss-making ventures without too many...
- New DTC: Residency test turns easier for foreign cos
The latest draft of the Direct Taxes Code, or DTC, has junked a definition of a 'foreign' company which had alarmed overseas investors beca...
- Fund houses bend rules to help rich investors save taxes
According to distributors, almost all fund houses are allowing their high net worth clients to set off short-term losses.
- VCs seek tax exemption across sectors
The Indian Venture Capital Association has demanded parity with foreign VCFs which do not have to pay taxes in India.