Don’t misuse I-T laws, pay taxes as rates are already low: CBDT to industry

Don’t misuse I-T laws, pay taxes as rates are already low: CBDT to industry CBDT Chief Sushil Chandra on Monday asked the industry to refrain from misusing provisions of laws to evade taxes, saying the effective tax rate for big companies is already 26 per cent on account of various exemptions. He said the industry […]

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CV Sales May Stay in Top Gear for 2 years on GST, Infra Boost

CV Sales May Stay in Top Gear for 2 years on GST, Infra Boost Sales of medium and heavy commercial vehicles are set to reach a new high this financial year and continue the growth momentum into next year, with the positive rub-off from the government’s infrastructure push and implementation of GST, as well as […]

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MF Industry welcomes Sebi move to abolish extra commission for distributors

MF Industry welcomes Sebi move to abolish extra commission for distributors The Securities and Exchange Board of India’s (Sebi’s) decision to abolish the extra commission for mutual fund distributors in 15 more cities and towns — from Guwahati in Assam to Raipur in Chhattisgarh — has been received well by India’s Rs 22-trillion mutual fund […]

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Natural gas and real estate may come under GST net, says FM Arun Jaitley

Natural gas and real estate may come under GST net, says FM Arun Jaitley Finance minister Arun Jaitley on Monday said natural gas and real estate, which are currently exempt from the goods and services tax (GST), could be brought under its purview first, followed by petrol and diesel and potable alcohol at a later […]

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Taxing times for IPOs: LTCG tax from April 1 promts issuers to expedite market launch but ongoing correction could play spoilsport

Taxing times for IPOs: LTCG tax from April 1 promts issuers to expedite market launch but ongoing correction could play spoilsport The reintroduction of the long-term capital gains (LTCG) tax has placed companies coming up with initial public offerings (IPOs) in a quandary. According to sources, about half-a-dozen companies are planning to launch their IPOs […]

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