Tax parity for IFSC funds to help HNIs avoid US inheritance levy
Wealthy Indians can use GIFT City to avoid US inheritance tax on offshore investments. IFSCA is seeking tax parity for funds in GIFT City to attract HNI investors.
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Former PTC India CMD Rajib Mishra to move SAT against Sebi’s order
Mishra held office in PFS in the capacity of chairman and non-executive director and was also holding the position of Chairman and Managing Director of PTC India Ltd.
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Direct tax mop-up rises 21 pc to Rs 4.62 lakh cr on higher corporate advance tax
The net direct tax collection of Rs 4,62,664 crore (as of June 17, 2024) includes CIT at Rs 1,80,949 crore and PIT (including Securities Transaction Tax) at Rs 2,81,013 crore, the Central Board of Direct Taxes (CBDT) said in a…
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Som Distilleries & Breweries’ child labour incident casts a cloud over India Inc’s supply chains
Listed company SDBL in Bhopal rescued 58 children from child labour. Bachpan Bachao Andolan aided in rescue operation. While listed companies themselves rarely engage in child labour practices, they can become inadvertently connected to such practices through their supply chains.…
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India Inc raises concerns over draft Digital Competition Bill
The Digital Competition Bill (DCB) has driven its inspiration from the European Union’s Digital Market Act 2022.
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Retro tax demand on online gaming companies may be quashed
As per the recommendation tax notices in cases where the lower tax was paid due to interpretation of law or lack of clarity can be quashed, people familiar with the development said. The law committee has suggested amendment to the…
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