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TAX RECAST
All bets are off as SC’s GST ruling squeezes RMG companiesThe GST demand of Rs 92,000 crore on past transactions will also impact larger players such as Dream11, Junglee Games and Mobile Premier Le...- India recasts rules for foreign tax info exchange: New framework from July 1 aims to curb cross-border tax evasion & speed up case closureIndia has updated its rules for sharing tax information with other countries. New rules make foreign tax requests high priority, requiring ...
- Income Tax Act 2025: New rules to kick in from April; why you should recalculate before deciding between old and new tax regimesWith the overhauled Income Tax Act taking effect from 1 April, taxpayers must prepare for new rules—and the renewed old vs new tax regime d...
- A tax cut with unintended impact for India’s EV momentumA proposed GST recast in India, aiming to boost the small car market by lowering taxes on ICE vehicles, could inadvertently hinder the grow...
- PMO greenlights GST revamp; All eyes on councilThe Prime Minister's Office has approved a significant overhaul of the Goods and Services Tax (GST) framework, potentially leading to the f...
- India optimistic of consensus on global tax pact, debt recastIndia is optimistic about achieving consensus on several key issues during the two-day G20 finance ministers and central bank governors' me...
- GST: Rate changes and reliefThe 47th GST Council meeting addressed the inverted duty structure and removed several exemptions but deferred a decision on wider slab rec...
- High court quashes Rs 684 crore tax demand notice against co, says CG Power & Industrial SolutionsEarlier on February 19, 2022, the company had stated in a BSE filing that that it had received a draft assessment order and notice from the...
- PEs, VCs mull recast to get around GST on carry feeFund managers tend to earn millions in carry fees when they invest the money of PE or VC funds and also when they exit such investments. A ...
- Tax not applicable even if companies use securities premium to set off losses: ITAT DelhiThe ruling is set to give clarity to many companies in the situation, especially around whether securities premiums can be used to set off ...
- Exporters may get incentives based on R&D, specific clusters under new FTPThe commerce ministry is working on recasting the existing export incentive schemes in line with the global trade norms of WTO.
- Next step in GST recast: Lower end of tax slabsThe government will focus on the rejig of the 12 per cent and 5 per cent slabs after the goods and services tax regime settles down and the...
- Companies to face Minimum alternate tax on dividend payout, debt recastCompanies that had announced dividend or restructured debt in the previous financial year will face this liability in the current financial...
- Budget 2017 to bring multiple tax benefits: SBI ResearchSBI Research expects tax collection under IDS to be around Rs 50,000 crore and cancelled liabilities from RBI to be around Rs 75,000 crore.
- Banks to release Rs 650 cr to ABG Shipyard soon under corporate debt restructuring dealABG Shipyard, which is under a CDR, will receive Rs 650 crore infusion from lenders by this month-end.
- 15 tough steps PM Narendra Modi may announce to repair the economyThere is no denying that restoring the economy would require some unpopular decisions, but the tough talk could also be a calibrated move t...
- SBI chief says new provisioning norms will have minimal impactState Bank of India said it will have less than 1 per cent impact on its pre-tax balance sheet or around Rs 200 crore annually.
- India to clock 9% plus growth rate in coming years: PranabCommitting to expedite the financial sector reforms, Pranab Mukherjee exuded confidence that India will achieve over 9% economic growth rat...
- FM recasts Esops, hints at stable tax ratesP Chidambaram attributes inflation to increase in public expenditure and large capital inflows.
- GST to become operational in 2010, says FMDuring the debate on the Finance Bill, the FM indicated that the tax brackets recast may be linked to inflation.
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