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PTI
September 16, 2018
As many as 44 shareholders of Flipkart, including significant ones like SoftBank, Naspers, venture fund Accel Partners and eBay, had sold their holdings to Walmart.


BusinessToday.in
New Delhi, September 3, 2018
Wipro wins biggest ever contract, over $1.5 billion; income tax dept to wait till September 7 for Walmart to pay tax on Flipkart deal; IKEA's Veg Biryani came with a worm, company fined; Mauritius tops India's FDI charts again in FY 2018; and government plans exam for aspiring independent directors to bolster corporate governance. Watch this episode of Business Wrap.


BusinessToday.in
New Delhi, September 3, 2018
Wipro wins biggest ever contract, over $1.5 billionIndian software services exporter Wipro Ltd has won its biggest-ever contract worth more than $1.5 billion with U.S.-based Alight Solutions LLC for digital services as reported by Reuters. Wipro would earn $1.5-1.6 billion in revenues over the tenure of the deal, which will include services in health, human resources and finance.The deal is expected to be completed in the quarter ending September.  Income Tax dept to wait til...


PTI
September 2, 2018
As per the provisions of the I-T law, Walmart has to deduct withholding tax on payments made to sellers and deposit it with the Indian authorities on the seventh day of the subsequent month, which falls on September 7.


BusinessToday.In
August 31, 2018
The buzz is that the Income Tax department stands to make a whopping $2 billion from the $16 billion Walmart-Flipkart deal.


Jiger Saiya
New Delhi, August 20, 2018
A quick look at the new tax act's key implications for businesses in the US-India context.


BusinessToday.In
August 10, 2018
The Walmart-Flipkart deal is expected to help the government rake in up to Rs 13,700 crore.


Naveen Kumar
New Delhi, July 23, 2018
Recent changes in income tax laws and filing process may have perplexed many taxpayers, but here is help at hand.


BusinessToday.In
New Delhi, July 13, 2018
Walmart has said that it will fulfil whatever is the regulatory requirement, according to an official aware of the development. The US retail behemoth reportedly added that it will get the tax implication of the deal examined.


Prosenjit Datta and Rajeev Dubey
New Delhi, July 9, 2018
As the Goods and Services Tax turned one, Business Today organised a discussion to understand how the journey had been so far, and what needed to be done in future. The panel, comprising Anita Rastogi, partner, indirect tax, PwC; Abhishek A. Rastogi, partner, Khaitan & Co; Atul Gupta, senior director, Deloitte, Haskins & Sells LLP; Ajay Sahai, Director General & CEO, Federation of Indian Export Organisations; Harpreet Singh, partner, indirect tax, KPMG; and Anil Bhardwaj, secretary general, Federation of Indian Micro & Small and Medium Enterprises held a 90-minute discussion


BusinessToday.In
June 30, 2018
The GST Department has noticed that many of the suspected firms recorded large raw material purchases but little sales -  a situation that suggests under valuation or selling products at lower prices with most transactions in cash.


P.B. Jayakumar
New Delhi, June 25, 2018
Companies of all hues, including old warhorses, are now betting on stock options to ensure employee loyalty


PTI
New Delhi, June 24, 2018
GSTN CEO Prakash Kumar said the company will focus next on providing data analytics and improving user interface on the GSTN portal, besides developing backend system for assessment, audit, appeal and advance ruling for 27 states.


Mudit Kapoor
New Delhi, June 8, 2018
Investing is a technique of building wealth, but it's not only for the wealthy. Anyone can start investing, and various flexible vehicles make it easy to begin with small amounts, and building a portfolio eventually.


BusinessToday.In
New Delhi, June 6, 2018
The legal battle between McDonald's and its India partner Vikram Bakshi, also managing director of CPRL, has been going on for five years. Its northern and eastern business is still operated by Bakshi's company, despite the company terminating the franchise agreement of 169 outlets last year.


Deepak Jasani
June 4, 2018
Both growth and dividend options of equity schemes benefited from zero taxation earlier if held for more than 12 months. The recent DDT now makes the growth option preferable as investors can continue to claim exemption on capital gains up to Rs 1 lakh from all sources. Under the dividend option, any dividend paid by the scheme will attract 10% tax, irrespective of the amount.


BusinessToday.In
New Delhi, June 4, 2018
RBI panel to decide on policy rates in 3-day MPC meet starting todayRising inflation and high crude oil prices will weigh on the minds of the six Monetary Policy Committee (MPC) members at their three-day meeting beginning here today to decide the key policy rate. The seven-quarter high growth rate of 7.7 per cent in January-March 2018 and forecast of a normal monsoon has reduced the clamour for a cut in the benchmark lending rate (repo) by the Reserve Bank of India (RBI). Retail ...


Jaikishan Parmar
June 4, 2018
Remember, when you transfer your shares from one demat account to another demat account, there is no tax implication because the ownership does not change and hence there is no transaction implication.


PTI
New Delhi, June 3, 2018
The tax department is currently studying the details received from Flipkart, said an official, adding that they can issue notices seeking details of taxes withheld once the transactions are completed.


PTI
June 3, 2018



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