Amit Ghai is the new Chief Financial Officer at Hindustan Power Exchange. He has experience in renewable energy and consumer goods. Ghai previously worked at a renewable energy company and Samsung. He is a Chartered Accountant with expertise in finance.…
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Economists predict a steady growth for the Indian economy in the current and next fiscal years, following a four-year low in 2024-25. While government capital expenditure remains strong, private sector spending lags, and job creation needs improvement. Uncertainties surrounding a…
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The Custom Excise and Service Tax Appellate Tribunal in New Delhi overturned a CGST Jodhpur decision, granting the state petroleum department relief in a Rs 6,315 crore service tax case. This decision was based on clarification that states’ mining rights…
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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…
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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…
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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…
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