NEW DELHI: Maruti Suzuki chairman RC Bhargava said road transport minister Nitin Gadkari’s call for an end to automobiles driven by fossil fuels shouldn’t be interpreted literally but as a statement of intent on implementing the government’s plan to only sell vehicles running on electricity by 2030. While Maruti supports the government’s intent, he said …
Madan Sabnavis, Chief Economist at Bank of Baroda (Source: LinkedIn) BY: Sanjay Kumar Ojha Madan Sabnavis, Chief Economist at Bank of Baroda, talks about the Indian economy and why it will see a growth rate of 7 per cent this year. The economist, with over 30 years of experience, spoke on other issues including rupee …
Real estate developers across the country are seeking an increase in tax exemption on interest paid on home loans, exemption on rental incomes, uniformity and expansion in the definition of affordable housing in the upcoming Union Budget for 2023-24 to help the sector witness sustained growth by supporting demand creation. Realty developers’ body the Confederation …
NEW DELHI: The Supreme Court on Tuesday said it would hear a batch of petitions tomorrow which have raised issues concerning the six-month loan moratorium period announced due to the COVID-19 pandemic. The pleas came up for hearing before a bench, comprising Justices Ashok Bhushan, R S Reddy and M R Shah, which said it …
SC to hear batch of pleas on loan moratorium today, CFO News, ETCFO Read More »
NEW DELHI: The government has notified the increase in cess ranging from 2-7% on motor vehicles. The cess comes into effect from Sunday midnight. Cess on mid-sized cars would go up by 2% to 17%, taking the total tax incidence to 45% from 43% now (28% GST + 17% cess). For large cars total tax …
National Financial Reporting Authority or NFRA, India’s super-independent audit watchdog, said that 1,684 statutory auditors have not filed their mandatory annual returns for the year 2019-20 while 617 did not file their returns for the year 2018-19. NFRA on Thursday published a list of audit firms/auditors who have not filed the mandatory e-form, NFRA-2, for …
The net direct tax collection has increased 23 per cent to Rs 7.04 lakh crore so far this fiscal, the income tax department said on Tuesday. Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta said the income and corporate tax collections were at a record high of Rs 14.09 lakh crore in 2021-22. “The …
Covid-19: the current count in IndiaAs of Tuesday morning, India’s total tally of Covid-19 cases was 7,911,104 people, out of which 7,137,228 people have recovered and 119,057 have died due to the virus. Globally, the virus has infected 43,436,586 and killed 1,160,416 people. Loan moratorium to cost Rs 7,500 crThe loan moratorium scheme that is …
MUMBAI/AHMEDABAD: Indian tax authorities have begun questioning consultants and accountants on the methodology of their enterprise-value estimates after challenging the valuations of startups. Since August, the authorities have started questioning valuers and tax experts on their valuation assessments, four people with direct knowledge of the matter told ET. In particular, the taxmen want to know …
Tax experts under income-tax lens for valuation of startups, CFO News, ETCFO Read More »
Demand for senior professionals in compliance, risk, finance and legal has witnessed a massive surge in the past one year, with frequent tightening of rules leading to the need for higher levels of scrutiny and compliance. Companies across the banking, financial services and insurance, and fintech sectors are ramping up their risk and compliance functions …
