The Indian government plans to amend the MSME Development Act, 2006, to expedite payments to MSMEs with a more effective 45-day rule and online dispute resolution for overdue payments. Buyers will owe interest at three times the RBI’s rate if…
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The Central Board of Direct Taxes (CBDT) has extended tax exemption for sovereign wealth funds and pension funds in India until March 31, 2025. The exemption allows these funds to claim tax benefits on dividend income, interest income, and long-term…
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GST Registration: Every GST application other than made by a person notified under sub-section 6D of section 25 who has opted for Aadhaar authentication and is identified based on data analysis and risk parameters, shall be followed by biometric-based Aadhaar…
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According to a report by KPMG India, India has witnessed a significant jump in the mainboard IPOs in FY24, with a total of USD 619 billion raised through 76 IPOs. The financial services sector also had about 10 IPOs raising…
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As of March 31, 2024, there were 1,618 directors (including independent) under the age of 40 across all the NSE-listed companies – a 136% jump from 687 under-40 directors a decade earlier, data put together for ET by primeinfobase.com shows.
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How is the Angel Tax affecting India’s startup ecosystem? Further, how does it impact investment decisions, market valuations, ease of doing business, and foreign investment? Anticipation is in the air if the Ministry of Finance accepts the DPIIT proposal of…
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