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BusinessToday.In
New Delhi, November 12, 2018
Chinese ecomm giant Alibaba posts sales of over $30 bn during 24-hour retail frenzyChinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.7 billion) in sales on Sunday during its 24-hour online retail frenzy Singles' Day, but the event's annual growth dropped to its slowest rate. Shoppers in China and across the world snapped up hot items including iPhones, furniture and milk powder starting pre-dawn, with Alibaba recording roughly $10 billion in sales in t...


PTI
October 30, 2018



PTI
October 25, 2018



PTI
October 5, 2018



PTI
October 5, 2018



PTI
October 4, 2018



PTI
October 3, 2018



PTI
October 3, 2018
Income Tax authorities, which had previously asked Walmart to explain the logic behind its tax deductions on the $16 billion Flipkart deal, have the option to seek more clarifications from the US retailer once they study the reply.


PTI
October 3, 2018



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
September 3, 2018
Even as government pats itself on the back for 71 per cent surge in the number of income tax returns (ITRs) filed upto August 31 this year, the direct tax collection data released by CAG paints an uninspiring picture.


Mudit Kapoor
New Delhi, November 8, 2018
Today, Finance Minister Arun Jately in a Facebook post described the note ban as a \"key step in a chain of important decisions taken by the government to formalize the economy\".


Mail Today Bureau
July 25, 2018
The Finance Minister rejected the reports that suggested Indian deposits had risen by 50 per cent in 2017. Goyal told the Rajya Sabha that he had discussed the issue with Swiss authorities, who told him that the media reports have not taken account of the way the SNB figures have to be interpreted.


BusinessToday.In
New Delhi, July 2, 2018
Indian economy set for a surge, to touch USD 5 trn by 2025: Prez  President Ram Nath Kovind today said the Indian economy is set for a surge with the GDP size expected to double to USD 5 trillion probably by 2025.He was speaking after launching the platinum jubilee celebrations of chartered accountants' apex body ICAI. \"Indian economy is set for a surge and in the next decade, probably even by 2025, India is expected to double the size of the GDP to USD 5 trillion,\" Kovind ...


Mail Today Bureau
June 1, 2018
The Indian economy posted a growth rate of 7.7 per cent during the January to March quarter, enabling the country to retain its position as the fastest growing major economy, data released by the Central Statistics Office showed on Thursday.


PTI
May 23, 2018



BusinessToday.In
May 22, 2018
SoftBank CEO Masayoshi Son's indecisiveness had reportedly stemmed from two factors - the significant tax liability involved and his reluctance to miss out on Flipkart's potential valuation jumps in the future.


PTI
New Delhi, May 13, 2018
The tax department had last week written to Bentonville-Arkansas based Walmart saying that the US retail company can seek guidance about the tax liability under Section 195 (2) of the Income Tax Act.


BusinessToday.In
New Delhi, May 11, 2018
While short-term capital gains tax in the hands of foreign investors is 40 per cent, long-term capital gains tax is levied at 20 per cent for shares sold after 24 months of purchase.


Rita McGrath and M. Muneer
New Delhi, April 30, 2018
Payment should be based on value, not activities.


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