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Category: Taxation

October 12, 2018Taxation

Way forward! Kotak-led board to order IL&FS forensic audit first

The new board of Infrastructure Leasing & Financial Services (IL&FS) will commission a forensic audit to get clarity on its operations and the […]

October 12, 2018Mutual Fund, Taxation

ICAI sets up panel to study systemic issues in IL&FS crisis

Chartered accountants’ apex body ICAI Thursday said it has constituted a nine-member panel to study the systemic issues in the IL&FS crisis, amid […]

October 12, 2018Mutual Fund, Taxation

Shivinder Singh offers to mediate with Daiichi Sankyo over Rs 3,500 crore arbitration award

Former Fortis promoter Shivinder Singh has offered to mediate with Daiichi Sankyo to pay his part of the dues in the Japanese drug maker’s […]

October 12, 2018Mutual Fund, Taxation

Limitation Act Applicable To Applications Filed Under Sections 7 and 9 Of Insolvency and Bankruptcy Code From The Inception Of The Code: SC

SC In all these cases, the Authority has held that the Limitation Act, 1963 does not so apply Even on the assumption that […]

October 11, 2018Mutual Fund, Taxation

PE/VC investments fall 23% to $6.7 billion in Q3; exits decline 71%

Private equity and venture capital investments in India *fell 23 per cent to $6.7 billion and exits* – excluding Flipkart deal – […]

October 11, 2018Mutual Fund, Taxation

Government considering tapping NRIs to stem rupee fall

Prime Minister Narendra Modi’s government is considering *tapping Indians living overseas to lure foreign exchange flows* and prop up a sagging rupee, […]

October 11, 2018Mutual Fund, Taxation

Mallikarjun Kharge for CAG audit of demonetisation, GST, defence purchases

The CAG should *not shy away from holding the government accountable for decisions* like demonetisation, GST that has *caused serious economic distress* […]

October 11, 2018Mutual Fund, Taxation

IL&FS crisis: ICAI sends notices to statutory auditors

On the heels of the government move to supersede the board of IL&FS, the CA Institute has sent show cause notices to the […]

October 11, 2018Mutual Fund, Taxation

SC directs sealing of 9 properties of Amrapali group

The Supreme Court Wednesday directed the *sealing of seven properties* of the Amrapali group at Noida and Greater Noida where the documents […]

October 11, 2018Mutual Fund, Taxation

Whopping Rs 1 lakh crore NPA resolution of stressed power projects possible; banks’ haircut to be this much

A successful resolution of non-performing assets worth *Rs 1 lakh crore in coal-based power projects is possible with a 40%-60% haircut* a […]

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