The CBDT has instructed Income Tax Department officials to exercise diligence when issuing scrutiny notices to taxpayers, ensuring all queries are relevant and specific. Region heads are tasked with supervising assessing officers, emphasizing justified questions and avoiding irrelevant inquiries. Assessment…
Read More
India and Oman have updated their double taxation avoidance agreement, broadening the scope of permanent establishment to include digital and service activities. The revised agreement lowers withholding tax rates on certain payments and introduces a Principal Purpose Test to prevent…
Read More
India’s workforce is large, but investment is lacking. Private sector expansion is low. Banks are less exposed to key industries. The Reserve Bank of India is trying to boost lending. Tycoons are distracted by their own issues. Smaller companies are…
Read More
In an exciting move for the logistics sector, hyperlocal startup Shadowfax is gearing up to confidentially submit its draft prospectus for an IPO with SEBI, targeting a capital raise of ₹2,000-2,500 crore. Around 50% of this funding will stem from…
Read More
Newspapers, television, websites, mobile apps — all flooded with IPO ads. Brokerage firms and analysts are buried deep in DRHPs, trying to decode them and produce sharp reports. Lead managers, merchant bankers, promoters — they’re out there hosting roadshows and…
Read More
What is IDCW in Mutual Fund? A Deep Dive into Income Distribution cum Capital Withdrawal Option In the changing scheme of mutual fund investing in India, terminologies and regulatory updates sometimes puzzle investors—at least the new ones. One of them…
Read More