Searched for
FAIR TAX REALISATION
ONGC shares rally 6% after govt cuts crude oil royalty; CLSA explains why it’s a big boostONGC shares surged 6% after CLSA termed the government’s decision to cut crude oil and natural gas royalty rates a major positive for upstr...
Six companies, six tricks in Indian balance sheets, and how investors get taken for a rideWhenever an Indian company imports goods, borrows in foreign currency, earns overseas revenue, or runs a foreign subsidiary, forex accounti...
Warren Buffett: Why ‘risk’ doesn't mean what Wall Street says it meansIn a letter to shareholders, Warren Buffett declared war on one of finance's most sacred concepts: Beta. The academics had it backwards, he...
NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...
Goods moved from SEZs to domestic markets treated as imports; duty drawback applicable on re-exportsNew Delhi has clarified a key point for exporters. Goods moved from SEZ units to the domestic market, after paying duties, will now be cons...
Gratuity may rise under New Labour Code, but your income tax bill could tooThe Code on Social Security, 2020 expands the wage base for gratuity, potentially increasing payouts, but tax rules under the Income-tax Ac...
The most dangerous number on an Indian balance sheet after debt – and how it is manipulatedDifferent years. Different companies. Different accounting tricks. One common story – an effort to show financial numbers which hide the tr...
Investing lessons from Warren Buffett – It is never too late to change: Buffett also changed how he investedIn this ET Prime Special Series, we bring you insights every week from the legendary investor Warren Buffett and also tell you how Berkshir...
Tax collection should be smooth process with minimum discomfort to taxpayer: President MurmuPresident Murmu urged Indian Revenue Service officers to ensure tax collection is smooth and taxpayer-friendly, emphasizing transparency an...
Faceless scrutiny, appeals to ease taxpayers' compliance burden, increase fairness in tax system: FMModi launched the platform 'Transparent Taxation – Honoring the Honest' which provides for launch of faceless assessment and adoption of a ...
CBDT letter restrains officials from taking coercive actionThis follows a high-profile meeting last Friday b/w the Dept of Revenue, DIPP and CBDT, following concerns over the large number of tax dem...
Budget 2018: How LTCG tax on shares, equity MF units will be calculated as per proposed rulesThe Budget 2018 proposes to change how LTCG on equity shares and units of equity oriented mutual funds are taxed in your (an individual’s h...
ESOPs should be taxed only when benefits are realised: ReportCompanies offer stocks to their employees by way of Employee Stock Option Plans (ESOPs).
Retrospective tax law hurt India, scared away investors: FM JaitleyJaitley said taxes which are realisable have to be collected, but the taxes that are not realisable, should not be collected.
From today, a new beginning to end global bank secrecy: G20The Finance Ministers of the G20 nations today resolved to tackle BEPS to make sure companies pay their fair share of tax.
- CBDT-ICAI group on global switch set
CBDT and ICAI have constituted a study group to identify and address direct tax issues that will affect convergence of India’s accounting s...
- Madras HC asks Pyramid to work out solution with IT dept, declines to lift attachment
Madras High Court declined to lift attachment of theatre chain Pyramid Saimira's bank accounts, effected by the Income Tax Department.