TAX, EFP, GST, ITR news
The Reserve Bank of India (RBI) in August launched a pilot project, “Public Tech Platform for Frictionless Credit”, to enable delivery of frictionless credit by facilitating seamless flow of required digital information to lenders. It will have an open architecture to which all financial sector players can connect seamlessly in a “plug and play” model. …
Hamid Ahmed, an independent member on the Religare Enterprises board, has described the timing of the Burman family open offer to buy more shares as ‘fishy’ in the first such media comments by any of the independent directors at the financial services company the founder-promoters of Dabur are seeking to control. The board, Ahmed said, …
Timing of Burmans’ open offer fishy: Religare independent director Hamid Ahmed Read More »
India’s markets regulator plans to lower capital and disclosure requirements for fund houses that run passive investment schemes, according to three sources with direct knowledge of the matter. Proposed new rules would also allow existing fund houses to hive off their passive investment schemes into separate entities to take advantage of the looser regulation, these …
India to ease capital, disclosure rules for passive funds – sources Read More »
Delhi-based marketing professional Ashish Pandey pays a low tax even though his pay structure is not tax-friendly. TaxSpanner estimates that Pandey can save more than Rs.48,000 in tax if his salary includes some basic tax-free perquisites and if he claims all the income-tax deductions available to him. Pandey works for an edutech startup, which has …
How to use NPS, health insurance cover to cut tax outgo Read More »
The Micro, Small and Medium Enterprise (MSME) sector is the most crucial sector for a country like India, as it is a major contributor to the country’s socio-economic development. MSMEs have played an essential role in providing employment opportunities and are the second largest employment-generating sector after agriculture. The sector contributes around 33% of the …
How MSMEs can boost funding from IP valuation rules Read More »
Having raised its fifth Asian private equity fund with a corpus of $7.1 billion, Bain Capital is eyeing investment opportunities in the consumer, healthcare and industrials sectors in India, said Pavninder Singh, Partner -Private Equity, Bain Capital, in an interaction with ET. Bain’s latest private equity fund is the largest such fund to be raised …
Sundaram Mutual Fund has filed a draft document for Sundaram Multi Asset Allocation Fund. The scheme will be an open-ended scheme investing in equity, debt and money market instruments, and commodity ETFs. The scheme will be benchmarked against NIFTY 500 TRI (65%) + NIFTY Short Duration Debt Index (10%) + Domestic Price of Gold (25%). …
Sundaram Mutual Fund files draft document for Multi Asset Allocation Fund Read More »
My stock portfolio is worth Rs 48 lakh. The shares were bought by my parents in India and gifted to me. I am currently employed in Canada. I want to buy a house in Canada by selling all my equity holdings in India. What will be my tax liability? Amit Maheshwari, Partner, AKM Global: When …
India’s collateral-free loan scheme for micro and small enterprises (MSEs) Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) has approved a credit guarantee of Rs 1 lakh crore in the first seven months of the current financial year 2023-24, the government said Friday. “In a major boost to the Micro, Small and Medium …
MSMEs’ collateral free loan scheme hits Rs 1 lakh cr mark in Apr-Oct FY24 Read More »
Non-banking finance companies (NBFCs) in India have underlined the risk of collateral damage with respect to the RBI‘s new lending norms, Times of India said in a report on November 24. In a written communication to the apex bank, NBFCs — lend to small businesses and provide secured loans — have sought lower risk weightage …
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