Speaking to Ramesh Damani, Member of BSE said that they do pay their share of taxes in the form Securities Transaction Tax.
Since its launch on 25 September 2014, PM Modi‘s ambitious ‘Make in India‘ initiative has been able to attract the world‘s attention to India as a manufacturing hub.
Ratan Tata backed Moglix today said it has raised Rs 28 crore from investors led by Accel Partners, Jungle Ventures and SeedPlus.
Goods & Services Tax (GST) is all set to be rolled out and will be effective from April 2017 as it has now been passed by both the houses and is pending for few customary administrative passages.
Business to Business commerce, as the name suggests, is a transaction between two business entities for bulk purchase/sell. This is an age old phenomenon which has recently got its prominence with maturity of the process and evolution of the industry.
This is Ratan Tata's sixth investment this year after investing in five companies -- DogSpot.in, Tracxn, CashKaro, FirstCry and Teabox -- last month.
By: Rahul Garg, PwC India
Finance Bill, 2015, as passed by the Lok Sabha last week, has expanded the definition of income, that is taxable under the Income Tax Act, 1961, by inserting a sub-clause on subsidies, grant, cash incentive and duty drawback.
Till now all these investors only factored in a capital gains tax and a one percent TDS for properties above Rs 50 lakh that was only recently introduced in this year‘s Budget.