Exclusive

Publication

Byline

CBDT extends angel tax relief to startups facing tax demands

New Delhi, Aug. 10 -- The government has exempted all registered startups that have received tax demand notices for selling shares at a premium from an anti-evasion provision in the Income Tax Act kno... Read More


All eyes on Nirmala Sitharaman ahead of crucial meeting with FPIs

New Delhi, Aug. 9 -- Finance minister Nirmala Sitharaman will consult foreign portfolio investors (FPIs) on Friday as she seeks to put together a package that will lift investor sentiments and arrest ... Read More


Govt offers easy credit access to boost growth

New Delhi, Aug. 9 -- Under pressure to arrest a slowdown in the economy, finance minister Nirmala Sitharaman on Friday, 2 August, started the process of rolling out a slew of measures to boost industr... Read More


Sitharaman to assess tax harassment charges, review CSR default penalty

New Delhi, Aug. 9 -- Finance Minister Nirmala Sitharaman will travel around the country to find out whether businesses are being harassed by tax officials, industry chamber Confederation of Indian Ind... Read More


Tax department to appeal in fewer disputes to give relief to tax payers, cut litigation

New Delhi, Aug. 8 -- The Central Board of Direct Taxes (CBDT) on Thursday sharply raised the threshold for filing appeals in tax disputes to reduce tax litigation and to give relief to tax payers. The... Read More


CBDT tells tax officers to accept tax break claims by registered startups

New Delhi, Aug. 8 -- The Central Board of Direct Taxes (CBDT) has asked its field officers to accept without any verification, in certain cases, the claims of government-registered startups on eligibi... Read More


CBDT tells I-T officers to accept tax break claims by registered startups

New Delhi, Aug. 8 -- The Central Board of Direct Taxes (CBDT) has asked field officers to accept claims made by startups registered with the government regarding their eligibility for exemption from a... Read More


Security stepped up at all airports ahead of Independence Day

New Delhi, Aug. 7 -- The Bureau of Civil Aviation Security (BCAS) has stepped up security at all airports and airstrips in the country ahead of Independence Day in view of the threat alerts received b... Read More


RBI gives priority sector tag for specified bank loans to NBFCs

New Delhi, Aug. 7 -- The Reserve Bank of India (RBI) has given priority sector tag to bank loans extended to registered non-bank lenders for financing agriculture, small businesses and home buyers wit... Read More


GST on discounts puts retailers in a spot

New Delhi, Aug. 6 -- Tax on discounts that manufacturers and wholesalers extend to retailers for passing on to consumers is becoming an area of confusion and possible litigation, say experts. The gove... Read More