The year 2024 saw the Central Board of Direct Taxes (CBDT) prioritising the speedy processing of returns and refunds, with over Rs 2.35 lakh crore refunded and more than 3.87 crore Income Tax Returns (ITRs) processed within 7 days.
As per the proposal, the restriction to invest up to 25% (of their net assets) in group companies or sponsors has been sought to be removed.
With the Finance Bill 2023 having been passed in Lok Sabha through voice vote, it has suggested a slew of amendments namely hike in the withholding tax from 10 per cent to 20 per cent on royalty and fees for technical services payments to non-residents and waiver of surcharge on capital gains earned by GIFT Category III.
The ratification would provide India with better chances and opportunities to become more instrumental in matters pertaining to international civil aviation.
The discussion paper has proposed to provide in the Regulations that if the secured creditors having 60 per cent of the value in the secured debt decide to relinquish or realise security interest, such decision shall be binding on the other 'pari-passu' charge holders
This provision, the petitioner NGO says, was used for prosecuting the officials in coal scam cases where officials had given coal mining leases to companies.
Himachal Pradesh government is mulling to introduce new amendments in Narcotic Drugs and Psychotropic Substances Act (NDPS) to curb drug menace.
CPI-M senior leader Prakash Karat on Friday said he was not in favour of the secret ballot for voting on the amendments as the party constitution has no such provision
The US Environmental Protection Agency’s (EPA) Clean Air Act and amendments to address the health effects of particulate matter may…
