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Axe on Tax havens under new Mauritius treaty India will tax capital Gains
India has got the power to tax the capital gains on the sale of shares of domestic companies by entities based in Mauritius. This move will have a major impact on funds invested via Mauritius.Mauritius is used as a tax havens as so many investor
Latest updates related to service tax, DVAT,Companies Law, Central Excise and income tax
Service Tax – Seeks to amend Notification No. 25/2012- Service Tax dated 20.06.2012 (b) services by way of renting of immovable property.”. (a) services specified in sub-clauses (i),(ii) and (iii) of clause (a) of section 66D of the Finance Act, 1994; “Explanation:- For the
SEBI Circular regarding Foreign Investment in India
SEBI Circular regarding Foreign Investment in India Monitoring of Foreign Investment limits in listed Indian companies Foreign Investment in India is regulated in terms of clause (b) of sub-section 3 of section 6 and section 47 of the Foreign Exchange Management Act, 1999 (FEMA) read
Considerable points related to NBFC
Considerable points related to NBFC NBFC is the non-banking financial Companies in which people can invest and gain the something in return. So, following are the considerable points related to NBFC: 1.NBFC is engaged in the business of loans and advances, acquisition of shares/ stocks/bonds /debentures
Painful alleged suicide of CCD founder
It is really heartbreaking to see the last letter of CCD founder. Pressure from investors and torture by income tax authorities led him to commit suicide. He was under huge mental pressure. Today you should read his last letter. In which he expressed his pain. He
Mega Merger of major banks: what it means?
Merger of major banks The Govt has announced the merger of various public sector banks(PSBs) and now there will only be 12 PSBs.The same can be viewed from different angles.Whereas it may be desirable to create large sized banks to reduce competition , cutting costs
Retain employees using ESOP scheme- Tax Implications
An employee stock option plan (ESOP) is an employee benefit plan that gives employees an ownership interest in the company. It has various benefits for the company as well as to the employees ESOPs gives the right to own a part of the company to
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