Aug 02, 2021 03:12 PM IST
A three-member international arbitration tribunal that consisted of one judge appointed by India, had in December last year unanimously overturned the levy of taxes on Cairn retrospectively and ordered refund of shares sold, dividend confiscated and tax refunds withheld to recover such demand.
- Jul 28, 2021 10:53 PM IST
According to the latest update on the NSDL website, the GDR (Global Depository Receipts) accounts of Abula Investments, APMS Investment and Cresta Fund are among the 9,425 forzen accounts.
- Jul 26, 2021 05:27 PM IST
"The net direct tax collection in the 1st quarter of FY 2021-2022 is Rs 2,46,519.82 crore as against Rs 1,17,783.87 crore during the same period of previous FY 2020-21 representing a growth of 109.3 percent," Minister of State for Finance Pankaj Chaudhary said in a written reply to Lok Sabha.
- Jul 20, 2021 09:50 PM IST
As per SNB data, the increase in aggregate funds of Indian clients with Swiss banks from 899 million Swiss francs (Rs 6,625 crore) at the end of 2019, reverses a two-year declining trend and has taken the figure to 2.55 billion Swiss francs in 2020.
- Jul 19, 2021 07:39 PM IST
India's real Gross Domestic Product (GDP) is estimated to grow 0.5 percent in Q3 and 1.6 percent in Q4 of 2020-21, leading to an upward revision in annual real GDP growth from (-)8.0 percent (2nd advance estimates) to (-)7.3 percent, Pankaj Chaudhary said.