Sintex Plastics Tech admitted for insolvency on ARC plea"We hereby inform that a petition filed... against the company by Asset Reconstruction Company has been admitted against the company for wh...
Mumbai Court upholds process issued against former directors of a company for violation of tax duesChief Metropolitan Magistrate had issued the process against the five persons for alleged violation of Section 276 C (1) and 277 of the Inc...
Liquidator seeks bids for sterling Biotech as a going concern“The company is the world’s sixth-largest manufacturer of Gelatin and has already seen interest from about a dozen companies,” a person con...
Tax havens in trouble as MNCs rejig global operationsSome of the top multinationals have roped in global tax advisors and could go for a massive overhaul of global organisational structures, s...
Round tripping, taxation issues to mar billion dollar ‘SPAC’ dreams of Indian firms, unicornsIndian firms face hurdles akin to those faced by Indian and MNC mergers in past
No new tax benefits, relief comes in other formsBudget 2021 stopped short of granting much sought after income tax breaks, specially for higher expenses of the salaried on account of work...
Shapoorji Pallonji Group submits plan to Supreme Court for separation from Tata GroupIn their scheme of separation, the SP Group said disputes over valuation can be eliminated by doing a pro-rata split of listed assets (shar...
Budget 2020: NRIs to face more tax compliance issuesAccording to the proposal, income earned abroad will be exempt if any tax is paid in another country. The question that arises is what happ...
IL&FS Investment Managers' non-executive director Vibhav Kapoor resigns from boardThe company did not give the reason for his resignation.
Some steps taken by Modi government in 2015 would reduce tax-related litigationsEven as the Narendra Modi government keeps busy with Goods and Services Tax (GST), the ease of doing business in India may have increased.
Brishen Patel appointed HAM(S)'s Bihar unit chiefPatel was today appointed as the state unit president of Hindustani Awam Morcha-Secular (HAM-S) by the party's national president Jitan Ram...
Unfolding of GAAR guidelines - end of uncertainty?It is clarified that the provisions of GAAR will apply to the income accruing or arising to the taxpayers on or after 1 April 2013 and not ...
- KPMG and NIIT Imperia launches taxation courses
KPMG in India and NIIT Imperia announced a collaboration to launch three taxation programmes to meet the growing training need of finance, ...
- No need to make tax evasion criminal offence: Experts
Govt can do without making tax evasion a criminal offence as the existing income tax laws, which provide for rigorous imprisonment up to 7 ...
Union Budget 2011 is a good balancing one: Uday Ved, Head of Tax, KPMGFM's announcement of increase in basic exemption limit from Rs.1.6 L to Rs.1.8 L will be a welcome relief to 'aam admi' providing tax savin...
- New rules on tax disputes to guide foreign firms
The finance ministry will soon issue detailed guidelines for the new dispute resolution mechanism that it had promised in the budget earlie...
Obama's tax plan could push up outsourcing cost 50%US firms could see 50% rise in the cost of outsourcing business processes to India if President Obama's new tax proposals are accepted.