The Central Board of Direct Taxes has announced changes regarding tax deductions. Settlements under SEBI Act and other related laws will not qualify for tax deductions. This rule is effective from April 1. Amendments were made to the Finance Act,…
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India Inc’s revenue growth will remain flat at about 5-6 per cent in the March quarter, but profitability will widen, a domestic rating agency said on Thursday.
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NSE-listed companies witnessed a significant 15.7% surge in CSR spending in fiscal year 2024, fueled by robust profit growth. CSR expenditure reached ₹17,967 crore, with the top 10 companies, including HDFC Bank, Reliance Industries, and TCS, contributing 34% of the…
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Hindustan Unilever anticipates a stronger first half of FY26 compared to the latter half of FY25, projecting low single-digit price growth, according to CFO Ritesh Tiwari. While gross margins may moderate due to commodity inflation, HUL remains committed to value…
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India’s ambition to become a $30 trillion economy by 2047 is bold, but not implausible. To make that leap, the country needs a robust and inclusive financial ecosystem that can sustain and accelerate development, especially in times of global uncertainty.…
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The income tax department announced that taxpayers cannot deduct expenses for settling proceedings under specific laws, including the Sebi Act and the Competition Act. The Central Board of Direct Taxes (CBDT) clarified that expenditures related to contraventions or defaults under…
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