New Delhi: Taxes paid by Indian companies more than doubled in the three months through September, suggesting growth in Asia’s third biggest economy may be strengthening. Advance taxes paid by local companies rose to Rs44,010 crore in the July- ..
A uniform goods and services tax (GST) structure would help resolve most of the tax problems faced by the MSME sector, a survey said. “Introduction of a unified goods and services tax system would resolve most of the tax related challenges the ..
Audit firms in India are facing the threat of losing their business with around 200 Indian companies listed in various European bourses due to the new transparency requirements for auditors in the European Union (EU). The strict norms governing adver ..
Quarterly cost audit by internal auditors in the listed companies should be explored in consultation with the market regulator SEBI to improve corporate governance, an expert group appointed by Corporate Affairs Ministry has suggested. "The pos ..
The Central Board of Excise and Customs (CBEC) in the Ministry of Finance, has launched automation of Central Excise and Service Tax (ACES) in Hyderabad Zone recently. It is part of the national roll-out of the automation of ACES. It is a Mission Mod ..
The Reserve Bank of India (RBI) has sought exemption for bank mergers and acquisition (M&As) from the Competition Act of 2002. In a note sent to the Ministry of Finance, the RBI has stated that the exemption should be granted following the urgenc ..
Shedding earlier reservations over some aspects of the controversial new FDI guidelines, the Finance Ministry now says it does not have any objection to new rules that changed the criteria for calculation of foreign ownership in a company and its dow ..
The government announced a panel of experts to review the Motor Vehicles Act, 1988, and give a report in three months, suggesting changes to effectively meet requirements of the road transport sector in the current scenario.The ten-member committee ..
India’s External Debt: A Status Report, 2008-09Department of Economic Affairs, Ministry of Finance has been publishing ‘India’s External Debt: A Status Report’ on a regular basis since 1993. The current volume of the Report, ..
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