Viceroy Research awaits a response from SEBI regarding its queries on Vedanta Group’s restructuring, alleging non-arms length financing through entities like Serentica Renewables. Vedanta has denied these allegations, citing regulatory and investor support. Meanwhile, BofA Securities maintains an ‘overweight’ rating…
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The Income Tax Department is cracking down on fraudulent tax deduction claims, including those under sections like 80GGC, 80E, 80D, 80EE, 80EEB, etc. Taxpayers who have made incorrect claims can file updated returns (ITR-U) within the stipulated time to avoid…
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The GSTN has enabled online filing of appeals against rejection orders (SPL-07) under the GST Amnesty Scheme u/s 128A, offering relief to taxpayers whose waiver applications were denied. Taxpayers can now appeal these rejections, seeking reconsideration of their applications for…
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A parliamentary panel suggests reinstating a key deduction in the Income Tax Bill 2025. This move offers relief to India Inc by preventing double taxation on inter-corporate dividends. The recommendation, part of over 285 accepted tweaks, aims to revive Section…
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Prolonged trade discussions between India and the US are causing uncertainty for Indian businesses, leading to a slowdown in export orders across sectors like electronics, textiles, and seafood. US clients are adopting a cautious approach, delaying new orders and seeking…
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At close, the Sensex was up 52.73 points or nearly 0.1 per cent at 82,623.64, and the Nifty was up 6.4 points or 0.03 per cent at 25,202.20.
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