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BONAFIDE INVESTMENT
Budget announcement for leather sector to boost exports: Council for Leather ExportsFinance Minister Nirmala Sitharaman in her Budget speech said that to incentivise exports, exemptions are being provided on items such as e...
Pandora Papers allegations: Kiran Mazumdar-Shaw says grossly misrepresented facts"Sharing my Notification to Stock Exchange with facts on my husband John Shaw's offshore trust. Both John and I are law-abiding citizens an...
Disappointed with SC dismissing AGR review plea; may file curative petition: AirtelThe money now required to pay punitive interest, penalty and interest on penalty which forms nearly 75 per cent of AGR dues would have bett...
Govt committed to protect bonafide investments into startups: DIPPThe statement comes in the wake of certain startups raising concerns regarding taxation of angel funds under Section 56 of the Income Tax A...
21 PSBs cloning each other not the way to do business: Rajnish Kumar, Chairman, SBINot every NPA is an act of criminality. We need people of very high integrity in the financial system but mistakes will happen during decis...
York Capital Management ups stake in Fortis to 6.25% ahead of board meetYork Capital Management's acquisition gives it 6.25% of the share capital carrying voting rights in Fortis Healthcare Ltd, the Indian healt...
ED probes if PNB scam is a case of fund round-tripping“ED is examining FDI and the end use of funds,”
India notifies revised tax treaty with KenyaThe revised Double Taxation Avoidance Agreement (DTAA) was notified on February 19, 2018, a finance ministry statement said.
Paradise Papers: No transactions done for personal purpose, says Jayant SinhaSinha had worked with Omidyar Network as Managing Director in India and Omidyar Network had invested in a US company D.Light Design that ha...
All overseas funds bonafide FDI by reputed investors, says NDTV"This was Foreign Direct Investment, of the sort that governments have been encouraging foreign investors to make," it said, while attachin...
- Odisha government changes terms of reference of chitfund probe panel
The Odisha government has amended the terms of reference of the judicial commission probing the chit fund scam in the state.
Overseas investment limit rolled back to 400% of net worthLast month, in a bid to shore up the rupee, Subbarao had limited overseas investment by Indian companies to 100% of their net worth from 40...
RBI eases overseas investment norms for Indian corporatesRBI also clarified that the curbs on capital outflows imposed on August 14 will not apply with retrospective effect.
- Gujarat govt seizes bank accounts of Essar Oil to recover taxes
The Gujarat govt seized three bank accounts of Essar Oil to recover the company's sales tax liability, including penalty, of Rs 8,414 crore.
Vodafone tax case: Government moves SC seeking review of verdictCentre sought review of SC verdict holding that I-T does not have jurisdiction to levy Rs 11,000 cr as tax on overseas deal between Vodafon...
- Indian overseas investment doubles in 2010-11: RBI
Overseas investments by Indian companies have more than doubled in the previous fiscal year as they expanded their foreign businesses, acco...
- SEZ units can open forex accounts
The Reserve Bank of India has permitted units located in special economic zones to maintain foreign currency accounts with authorised deale...