The Supreme Court ruled that tax deduction at source on remittances to non-resident entities cannot exceed 10% as per Double Tax Avoidance Agreements (DTAA). This decision overrides the Income Tax Department’s demand for a higher 20% deduction, even when Permanent…
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Indian Continent Investment Ltd (ICIL), a promoter entity of Sunil Bharti Mittal family office, will sell shares through one or more share sales on the Indian stock exchanges at a floor price of Rs 2,096.70 per share, a 3 per…
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The proposed framework requires valuers to clearly identify asset classes, including receivables, justify the inclusion or exclusion of intangibles, and document assumptions, data sources and limitations, say experts.
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The Indian rupee saw its largest one-day gain in a month on Monday. This rebound from near its all-time low was driven by likely interventions from the Reserve Bank of India in both offshore and onshore markets.
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Sebi’s primary market reforms panel is reviewing how company promoters are defined for IPOs. The committee proposes companies must justify their promoter identification in offer documents. This aims to prevent misleading investors by clarifying who truly controls a company. The…
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Deloitte India has presented its Budget wishlist for 2026-27. Key recommendations include simplifying withholding tax rules and offering tax incentives for sectors like R&D and renewable energy. The firm also proposed digitalizing customs litigation and creating a real-time refund tracking…
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