The move comes after Securities and Exchange Board of India (Sebi) earlier this month revoked ban on more than 500 entities in four separate cases.
To get gratuity payment, an employee has to be in continuous service in a company for not less than 5 years.
Earlier this month, Sebi had revoked ban on 421 entities in three separate cases. These are Pine Animation case, First Financial as well as in the matter of dealing in shares of Eco Friendly Food Processing Park, Esteem Bio Organic Food Processing, Channel Nine Entertainment and HPC Biosciences.
This is the second month of return filing under the Goods and Services Tax (GST) regime and similar to last month, businesses thronged the GST Network portal on the last day to pay taxes.
Also, the businesses will have to print in indelible ink on containers in which they are selling cereals, pulses, flours that they have voluntarily foregone actionable claim or enforceable right on brands, a finance ministry statement said.
The government, in its budget announcement in 2017 said that company promoters that hold shares via private trusts will be imposed a 10 percent tax on dividend income exceeding Rs 10 lakh.
"Where any outstanding liability, inclusive of any accrued interest is waived in accordance with the approved Resolution Plan, such waiver/write-back should not be subject to tax under both normal and Minimum Alternate Tax (MAT) provisions of the Income-tax Act, 1961," Assocham said in a letter to Central Board of Direct Taxes (CBDT).
Thomson Reuters data, based on the latest annual earnings reports, shows India's corporate debt rose to a seven-year high at the end of March. More than a fifth of large companies did not earn enough to pay interest on their loans and the pace of new loans fell to the lowest in more than six decades.
So far this year, companies have bought back shares worth Rs 23,500 crore through 20 buybacks
A key to achieving the target is putting in place a permanent mechanism of almost real-time data exchange between the departments that handle direct tax - income and corporate - and the one which handles indirect levies like customs and Goods and Services Tax (GST).
The Confederation of All India Traders (CAIT) said to achieve goals like cashless economy and reaching 2,500 crore digital transactions, the government needs to set up a regulatory authority for digital payment systems.
August's Nikkei/IHS Markit Services Purchasing Managers' Index rose to 47.5, up from July's 45.9 but still below the 50 mark that separates expansion from contraction.
In the Xiamen Declaration issued at the end of the BRICS Summit's plenary session, the influential grouping -- comprising Brazil, Russia, India, China and South Africa -- reaffirmed their commitment to "achieving a fair and modern global tax system".
Finance Minister Arun Jaitley has assured the Telangana government that the GST Council would discuss the issue of lowering tax structure on public projects as requested by the state
R Gandhi said the two things we need to look forward to is, the number of tax payers and where it is increasing. An extension of that is what the tax collections are.
From RBI's annual report, we draw up the debit and credit of demonetisation
Filing taxes without linking them is going to be a burden as a PAN number is necessary for the same.One must get a new PAN card which can take anywhere from two to four weeks to arrive.
"Even in the case of GST now, we are just having the initial voluntary compliance today going on. When the matching of bills takes place, whether that voluntary compliance is fair and to what extent will become clear," he said while speaking at a book launch event organised by Wolters Kluwer.
The prime minister was chairing his 21st meeting of Pro-Active Governance and Timely Implementation (PRAGATI), a monthly interaction with top officials of states through a vide conference.
"The proposal of imposition of higher cess has been cleared," a source said after the Cabinet meeting.
In a filing to the Hong Kong stock exchange, billionaire Li Ka-shing's CK Hutchison Holdings Ltd said its unit, Hutchison Telecommunications International Ltd (HTIL) has been served with a tax demand of about Rs 7,900 crore, Rs 16,430 crore of interest and another Rs 7,900 crore in penalty.
Tax collected in the maiden filings under the GST regime, which kicked in from July 1, are still being compiled as the last date for filings under different rules is not yet over, he said.
The forecast, from a survey of over 40 economists taken over the past week, compares with growth of 6.1 percent in the first three months of the year, the slowest pace in two years. The range of forecasts was wide from 5.7 percent to 7.2 percent.
"GST could increase the overall cost benefit of retailers by up to 5 per cent over three years," Kumar Rajagopalan, chief executive officer of RAI, told PTI here.