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« Direct Tax »
 Companies may have to submit income estimates by 15 November
 CBDT proposal on advance estimates of tax liability irks industry
 Advance tax calculation: Firms may have to furnish Apr-Sept income estimates
 Companies may have to furnish Apr-Sept income estimates to I-T dept
 CBDT working on a draft rule that makes it compulsory for companies to provide income estimates by Nov 15
 Companies, HNIs may soon have to specify reason for paying less advance tax than previous year
 TDS Applicability On Government Contracts Under Gst (Under Section 51 Of The Cgst Act, 2017)
 CBEC tells field officers to take GST disputes to Supreme Court
 Jurisdiction-free income-tax assessment on the cards
 CBDT asks I-T department to take urgent steps
 TDS on interest on deposits made under the Capital Gains Accounts Scheme, 1988 where the depositor has deceased

No tax relief for restructured loans: CBDT
September, 25th 2012

The Central Board of Direct Taxes on Monday clarified that the concessional 5 per cent tax on interest paid on foreign loans taken by infrastructure sector is not available for existing loans that are restructured solely to avoid the 20 per cent withholding tax on interest payment.

NSE likely to appoint Mathur as chairman

new delhi: Former LIC chief SB Mathur is likely to succeed Vijay Kelkar as the chairman of National Stock Exchange (NSE). Mathurs appointment is awaiting market regulator Sebis approval, sources said.

FDI in July up 60% to $1.76 billion

new delhi: After declining for three consecutive months, foreign direct investment (FDI) in India increased by about 60 per cent to $1.76 billion in July.

R-MediaWorks to part own Digital Domain

Mumbai: Reliance MediaWorks and China-based Galloping Horse America are set to part-own some of the businesses of film-maker James Camerons Digital Domain Productions.

IMF set to lower growth forecast

WASHINGTON: The International Monetary Fund is set to cut its forecast for global growth next month, IMF MD Christine Lagarde has said.

Cairn Energy to sell 15.3 cr Cairn India shares

New Delhi: UKs Cairn Energy is selling a little less than half of its remaining 18.3 per cent shareholding in Cairn India for up to $940 million.

 
 
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