Apr 25, 2017 at 14:15 | Source: Moneycontrol.com
While the world awaits this announcement, celebrations have started in advance. Today, the United States accounts for close to 25% of global GDP and it has already seen a significant recovery in economic growth. GDP growth, which stood at 1.6% in 2016 is expected to rise to 2.3% in 2017 and 2.5% next year as per the IMF in its April 2017 World Economic Outlook. While markets have got to wait for details, its clear that one big beneficiary of this reform will be metals.
Apr 21, 2017 at 18:19 | Source: PTI
The government has allowed businesses to seek advance ruling on tax liability of any deal or valuation of goods once the Goods and Services Tax (GST) is rolled out from July 1.
Apr 14, 2017 at 10:11 | Source: PTI
The I-T department has used advanced data analytics to identify suspect cash deposits before launching the latest edition of the operation
Feb 22, 2017 at 18:02 | Source: Moneycontrol.com
Thin Cap rules are based on globally acceptable principles. However, one must be cognizant of certain sectors like infrastructure, steel, construction which have hugely leveraged balance sheets.
Feb 21, 2017 at 15:14 | Source: Moneycontrol.com
Income tax authorities have specified deadlines for many actions. If you follow the rules, you stand to gain in terms of saving on income tax and peace of mind.
Feb 20, 2017 at 12:50 | Source: Moneycontrol.com
As a consultant you are required to pay a flat 10 per cent tax on income while an employee is taxed as per applicable slab, the highest being 30 per cent along with surcharge.
Feb 07, 2017 at 15:48 | Source: PTI
According to PwC, E7 economies comprising Brazil, China, India, Indonesia, Mexico, Russia and Turkey would grow at an annual average rate of almost 3.5 per cent over the next 34 years, compared to just 1.6 per cent for the advanced G7 nations of Canada, France, Germany, Italy, Japan, the UK and the US.
Feb 07, 2017 at 13:00 | Source: PTI
The four APAs signed yesterday pertain to the manufacturing, financial and information technology sectors of the economy. The international transactions covered in these agreements include contract manufacturing, IT-enabled services and software development services, an official statement said.
Feb 01, 2017 at 14:50 | Source: Moneycontrol.com
Minimum Alternate Tax is at present levied as an advance tax.
Feb 01, 2017 at 14:46 | Source: PTI
Breaking from the past, Finance Minister Arun Jaitley presented a historic Budget in which the railway budget has been merged and the date advanced by a month, retaining the 15 percent surcharge on taxable income above Rs 1 crore.