E-commerce policy in six months; to tackle data privacy and tax issues

E-commerce policy in six months; to tackle data privacy and tax issues On the issue of a potential regulator for the sector, the Commerce Secretary said it would depend on whether the policy needed legislative requirements and new regulations or existing laws sufficed The government has announced that a framework for an e-commerce policy will […]

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Draft Rules Framed on Capital Gains Tax Where STT Not Paid

Draft Rules Framed on Capital Gains Tax Where STT Not Paid Bonus shares, policy compliant foreign investment eligible for 10% tax even though STT not paid The income tax department has put out draft rules specifying situations where the recently imposed capital gains tax would apply even though no securities transactions tax (STT) has been […]

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India may Face Pressure to Cut Duties on 90% of Goods Traded with China

India may Face Pressure to Cut Duties on 90% of Goods Traded with China India is likely to face greater pressure to eliminate duties on 90% of goods it trades with China under the mega trade agreement among 16 Asia Pacific countries that is in the works. Officials said that China, which has till now […]

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LTCG tax: No STT likely on employee stock options plans, inherited shares

LTCG tax: No STT likely on employee stock options plans, inherited shares Listed shares received through family succession or will of the deceased and acquired till January 31 will not attract STT The income-tax (IT) department has proposed to exempt employee stock options plans (ESOPs) given till January 31, 2018, from the securities transaction tax […]

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