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A first-generation lawyer, Rajiv Luthra set up the law firm Luthra and Luthra in 1989. The firm burnished its reputation by pioneering taxation and corporate law in India
Climate control is part of the legislation more popularly known as Build Back Better agenda -- an ambitious plan to comprehensively rewrite the US's health, education, climate and tax laws.
The trajectories of corporate and minimum alternate tax do not reveal tax policy rationale
Experts attribute the higher payout to the change in dividend law and cut in corporate income tax.
Combined revenues of 410 firms declined 6%, while profit before tax fell 35%
Expediting refunds of up to Rs 5 lakh was announced as part of the government's policy initiative to tackle the economic impact of Covid.
These are extremely challenging times, and collective efforts by the government and industry would be required to bring the economy back on track
Only after business has stabilised and there is visibility ahead should companies look at paying their shareholders
Form 10-IC will have to be filed by the companies that wish to avail the beneficial rate of 22 per cent upon relinquishment of the exemptions/incentives offered under the Income Tax Act.
The renewable energy sector is elated that the benefit will come to them, given no future pipeline of any thermal power projects
India Inc tax collections to fall 8% in FY20
India's corporate tax structure is now globally competitive! Rates of 25 and 15 per cent are completely acceptable to international investors
Cook said Apple's belief that "law should not retrofitted" was at the heart of the case and that the company had great faith in the justice system.
"This year, there will be a realistic assessment of the nominal GDP," said a source.
The Telecom Department is current 'examining' the replies given by the state-owned non-telecom corporations on the Adjusted Gross Revenue (AGR) dues, a senior official said
Firm says probe was unanticipated as no prior tax demand notice was received, doesn't foresee adverse outcome; reinstates guidance of 8-10% revenue growth
From Unilever cutting sales to rise in financial frauds, here are the top 10 business headlines for the day
Net collection grows only 0.7% to Rs 6.75 trillion
The sunset clause for SEZ nearing - March 31, 2020 - and the IT industry has been a big beneficiary of the policy
The Nasscom has also sought that IT and BPO firms should not be treated as financial intermediaries for the goods and services tax (GST).