- Airtel may become a foreign entity as govt gives nod for 100% FDI
- Economic slowdown to hit insurance collections: Moody
- Zomato acquires Uber Eats in all-stock transaction
- New Indian law to protect foreign investors to exclude tax demands: report
- Directorate of Enforcement (ED) has attached assets totaling Rs.107.73 crores of Directors of M/s Fair deal Supplies Ltd under Prevention of Money Laundering Act, 2002 (PMLA) in a bank fraud case. The attached assets include Land & Building of M/s SIV Industries, Coimbatore, an office building, a farm house & a bungalow in Ahmedabad and 7 Fixed Deposits
Income Tax Department :
- Income tax commissioners in Mumbai decided to allow “deserving” assesses pay in instalments the amount they are required to fork out after challenging a tax demand order.
- After receiving a demand order from the assessing officer of the Income Tax department, a tax payer has to pay 20% of the demand within a month once the order is challenged before the CIT (Appeals). This amount can now be paid in multiple instalments till end March.
