Indians to spend $55 billion on outbound tourism in 20 years: ReportOutbound tourism spending from India was projected to rise from USD 18.82 billion in 2024 to USD 55.39 billion by 2034. Nangia NXT and Ficc...
04 Aug, 2024, 02.32 PM IST
Govt should consider lowering TCS on overseas tour packages to increase outbound tourism: ReportThe growth in the Indian travel and tourism industry is driven by a combination of rising income levels and changing lifestyles, developmen...
30 Jul, 2023, 05.34 PM IST
FinMin to stick to privatisation of already announced CPSEs next fiscalThe Finance Ministry will move ahead with the already-announced and planned privatisation of state-owned companies in the next fiscal, and ...
29 Jan, 2023, 11.13 AM IST
India's outbound tourism to surpass USD 42 bn by 2024: ReportWith a growing economy, young population, and growing middle class, India is ideally positioned to become one of the most lucrative outboun...
08 Aug, 2022, 12.57 AM IST
India's outbound tourism to surpass USD 42 bn by 2024: ReportWith a growing economy, young population, and growing middle class, India is ideally positioned to become one of the most lucrative outboun...
07 Aug, 2022, 02.31 PM IST
India should allocate funds to develop 'high-end' tourism, focus on hosting global biz events: ReportThe 'Rebuilding Tourism For the Future 2022' report, prepared by Nangia Andersen LLP in association with Ficci, said post COVID, a new term...
10 Jul, 2022, 10.36 AM IST
Past losses of PSUs under strategic divestment can be set off: CBDTThe change in income tax law has been made in a bid to make strategic divestment of PSUs more attractive, said experts, since normally such...
10 Sep, 2021, 11.12 PM IST
PSUs to be allowed to carry forward losses accumulated prior to divestment: CBDTThis will make disinvestment deals of ailing PSUs more attractive for strategic investors. Under normal tax provisions without this relaxat...
10 Sep, 2021, 11.02 PM IST
Govt exempts properties in Delhi's unauthorised colonies from income taxThe government had last year legalised unauthorised colonies in the national capital, giving house owners legal property rights. Now, the g...
30 Jun, 2020, 06.35 PM IST
I-T relief on purchase of discounted shares of troubled companies"Such an exemption will encourage more investors and make such reconstruction schemes more lucrative and viable," said Suraj Nangia, Partne...
30 Jun, 2020, 12.39 PM IST
Benefits of filing ITR even when income is below exemption limitEven though filing of ITR is not mandatory for some individuals, there are certain benefits that one can avail of provided the ITR has been...
19 Jul, 2019, 12.40 PM IST
I-T department allows manual filing by resident, NRI taxpayers for nil or lower TDS certificateIncome Tax Rules (Rule 28, Rule 28AA, Rule 28AB, 37H, 37G) govern the mechanism for issuance of certificate for deduction of tax at lower/ ...
24 Dec, 2018, 09.19 PM IST
India's first REIT launching soon: Here is what an investor needs to knowSimply put, REITs resembles a mutual fund, wherein several investors pool in funds with real estate as the underlying asset class.
13 Dec, 2018, 01.43 PM IST
Service charge not distributed to workers by restaurants liable to income tax: CBDTService charge is by nature ‘tips’ for hotel or restaurant staff & is sought to be collected on their behalf.
23 Nov, 2018, 01.24 PM IST
Father's name not mandatory for PAN application in case mother is single parentCurrently, furnishing father's name is mandatory for the allotment of Permanent Account Number (PAN).
20 Nov, 2018, 07.19 PM IST
Government notifies simplified ITR forms; e-filing to start from tomorrowThe e-filing facility for ITR-1 is enabled from April 1 and ITRs can be filed till the stipulated deadline of July 31.
31 Mar, 2017, 05.35 PM IST
I-T Department starts sending SMSes assuring full confidentiality to assesseesThe four-month compliance window for voluntary disclosure of domestic black money under the IDS comes to a close on September 30.
19 Sep, 2016, 08.02 PM IST