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Rs.1 trillion subsidy planned on fertilizers in next fiscal

New Delhi, Jan. 25 -- The fertilizer department has proposed a subsidy of Rs.1 trillion for the next fiscal after having cleared the backlog to producers, which has taken the total subsidy payout in t... Read More


Govt to offer clarity on tax residence rules for fiscal 2021

New Delhi, Jan. 25 -- The government is set to clarify on tax residence rules for FY21, giving relaxation to non-resident Indians (NRIs) and others who visited India and had to extend their stay due t... Read More


New reporting regime for unlisted cos on the cards

New Delhi, Jan. 25 -- Large unlisted companies of systemic importance will soon have to follow more stringent financial reporting requirements like publicly traded companies, under a government notifi... Read More


Fake GST invoice cases on rise, over 2,500 cases booked since mid-November

New Delhi, Jan. 24 -- More than 2,500 cases have been booked against 8,000 entities since mid-November in the government's drive against rackets dealing in fake Goods and Services Tax (GS) invoices, a... Read More


Penalty for CSR breaches kicks in today, but businesses get spending flexibility

New Delhi, Jan. 22 -- The government on Friday notified sections of the Companies Act prescribing monetary penalty for violation of corporate social responsibility (CSR) obligations of businesses and ... Read More


Decriminalize minor offences under LLP Act, says MCA panel

NEW DELHI, Jan. 22 -- Offences involving minor and technical violations of the Limited Liability Partnership (LLP) Act must be decriminalized and LLPs should have more flexibility in their borrowing d... Read More


Centre floats faceless penalty scheme to boost transparency

NEW DELHI, Jan. 22 -- The income tax department has added another layer of review of tax filings before imposing a penalty under the faceless assessment programme to pre-empt accusations that the syst... Read More


Karnataka most innovative state: NITI

New Delhi, Jan. 21 -- Karnataka is the most innovative state for the second year in a row, according to federal policy think tank NITI Aayog's India Innovation Index 2020. The index, launched last ye... Read More


Karnataka is the most innovative state, says NITI Aayog

NEW DELHI, Jan. 20 -- Karnataka is the most innovative state in the country in terms of offering a conducive environment for innovation and performance parameters, as per NITI Aayog's India Innovation... Read More


Decriminalize LLP Act, says MCA panel

New Delhi, Jan. 19 -- Offences involving minor and technical violations of the Limited Liability Partnership (LLP) Act must be decriminalized and LLPs should have more flexibility in their borrowing d... Read More