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Parliament panel reviews IBC changes; bill likely in winter session

New Delhi, Nov. 27 -- India's nine-year-old Insolvency and Bankruptcy Code (IBC) is set to see its biggest reform yet in the upcoming parliament session, with a select committee of the Lok Sabha holdi... Read More


I-T Dept to nudge taxpayers to come clean on foreign wealth; Rs.30,000 crore disclosed in previous drive

New Delhi, Nov. 27 -- The income tax department will launch a campaign on Friday, nudging approximately 25,000 high-risk assessees to come clean about their undisclosed foreign income and assets that ... Read More


Taxpayer base soars, but return filings lag sharply: CBDT data

New Delhi, Nov. 27 -- India's income tax base is growing faster than the number of those conscientiously filing returns, driven by the expanding reach of the tax deducted at source (TDS) system, accor... Read More


After rate cuts, GST Council moves to tackle inverted duty anomalies

New Delhi, Nov. 25 -- After slashing goods and services tax (GST) rates in September, the Centre and states are now gearing up to fix the tax system's next fault line-inverted duty structures, accordi... Read More


Inverted duty fix is next on Centre's GST agenda

New Delhi, Nov. 25 -- After slashing goods and services tax (GST) rates in September, the Centre and states are now gearing up to fix the tax system's next fault line: inverted duty structures. The GS... Read More


Bankrupt tycoons, managers face Rs.4 trillion of claims from creditors for past wrongs

New Delhi, Nov. 24 -- While creditors handhold bankruptcy resolution and recover debt from rescue packages, dubious pre-bankruptcy deals are building up a mountain of claims in the background. Credit... Read More


Claims on dubious pre-IBC deals swell

new delhi, Nov. 24 -- While creditors handhold bankruptcy resolution and recover debt from rescue packages, dubious pre-bankruptcy deals are building up a mountain of claims in the background. Credito... Read More


Govt mulls tower-level insolvency to save homebuyers from delays

New Delhi, Nov. 22 -- The government and the Insolvency and Bankruptcy Board of India (IBBI) are examining if the proposed framework tailored for real estate sector should attempt to resolve financial... Read More


ED seizes Rs.1,452-crore assets in Reliance Communications money-laundering case

New Delhi, Nov. 20 -- India's directorate of enforcement (ED) said on Thursday it has attached multiple properties worth Rs.1,452 crore, in an alleged money-laundering case involving Reliance Communic... Read More


ED seizes Rs.1,452-crore assets in Reliance Communications loan fraud probe

New Delhi, Nov. 20 -- India's directorate of enforcement (ED) said on Thursday it has attached multiple properties worth Rs.1,452 crore, in an alleged money-laundering case involving Reliance Communic... Read More