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Balancing the scales: Empowering minority shareholders in India’s insolvency landscape

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In the dynamic realm of India’s insolvency landscape, a pivotal conversation emerges about striking a harmonious balance to empower minority shareholders while navigating the complexities of insolvency restructuring. This calls for a robust framework that safeguards all stakeholders and amplifies minority voices. The Insolvency and Bankruptcy Code, 2016 (I&B Code/Code) has revolutionised insolvency resolution via …

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Small tea growers play pivotal role in industry: Goyal

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GUWAHATI: Union Commerce and Industry Minister Piyush Goyal on Friday highlighted the pivotal role played by small tea growers in the plantation sector and stressed the need for enhanced livelihood opportunities for them. The union minister, in a video address to the stakeholders present at the National Small Tea Growers Conference, focused on the importance …

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Dalal Street bulls continue to slip on global oil spill

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Mumbai: India’s equity indices dropped close to 1% on Thursday, as continued strength in global oil prices further squeezed appetite for risk assets. A surge in US treasury yields overnight to a 16-year high also kept investors on the edge, with market participants weighing the impact of elevated interest rates on equity valuations. BSE’s Sensex …

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Waiting for income tax refund? You might not get it if tax department has sent you this notice

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An individual may not get the income tax refund claimed while filing income tax return (ITR) if the income tax department has sent a tax notice under Section 245 of the Income Tax Act, 1961. This tax notice is sent to inform the individuals that the income tax department will not credit the tax refund …

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Rule 11UA: New Methods for Valuing CCPS and Unquoted Shares | Dewan P. N. Chopra & Co.

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The Finance Act, 2023 amended section 56(2)(viib) of the Income Tax Act, 1961 (‘the Act’) to bring into account the consideration received from non-residents for issuance of shares. Now, the CBDT has notified Income-tax (Twenty-First Amendment) Rules, 2023, amending Rule 11UA to implement the amendment made to Section 56(2)(viib). The changes notified in Rule 11UA …

Rule 11UA: New Methods for Valuing CCPS and Unquoted Shares | Dewan P. N. Chopra & Co. Read More »

Wealth Redefine unveils strategy to extend offerings to Middle East, aims to grow customer base to 2,000 by 2025

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Wealth Redefine, a wealth management and financial advisory firm, is extending its presence to offices in Mumbai, Bangalore and the Middle East by 2025. It is also toying with potential expansion into Kolkata. Currently serving clients in approximately 35 cities across India, Wealth Redefine has a significant part of its clientele based in the Delhi …

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Bank of Maharashtra fails to attract buyers for loans to Asian Hotels (North)

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Bank of Maharashtra failed to receive any firm bids for its loans of Asian Hotels (North), at the auction held on Tuesday, said people aware of the development. Asian Hotels (North) which operates the five-star property Hyatt Regency (Delhi). The bank had set a reserve price of Rs 330 crore as against the outstanding dues …

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India mid- and small-cap rally to persist, says DSP Mutual Fund’s Parekh

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The rally in India’s mid- and small-cap stocks will continue amid more inflows into these segments, the head of India’s tenth-largest mutual fund said on Tuesday. “The rally may continue due to more flows and less companies to invest in,” Kalpen Parekh, managing director and CEO of Mumbai-based mutual fund DSP, told the Reuters Trading …

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Paying rent less than 50K but sharing flat with others? You could be liable to deduct TDS

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If you are paying rent for a shared flat or house your actual rent outgo could be low but you could still be liable to deduct tax at source on the rent payment. If the rent payment by a tenant to his Indian resident landlord exceeds Rs 50,000 per month, then TDS has to be …

Paying rent less than 50K but sharing flat with others? You could be liable to deduct TDS Read More »

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