Categories

Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business

Popular Articles

Larsen & Toubro: Disappointing results
Even as the order inflow was healthy, analysts feel the company may fall a tad short of its new revenue growth guidance.

Horns of dilemma
China: Chinese Premier Wen Jiabao once said 2009 would be China’s toughest economic period in fifty years. He wasn’t thinking ahead. In 2010, policymakers face a seemingly impossible mission — continuing 2009’s growth of 8.7 per cent while curbing resurgent inflation. December’s figures show the government is already behind the curve.

News of the day

VW backs Porsche contracts, paves way for merger
Volkswagen AG’s supervisory board signed off on contracts for its takeover of Porsche SE in stages, clearing the way for Europe’s largest automaker to add the 911 sports car to its model line up.
Small Business

Mukherjeee to discuss direct tax code with biz chambers

Finance Minister Pranab Mukherjee will meet leading industry chambers here on October 9 to discuss issues arising out of the proposed new direct tax regime. - Pranab reviews Air India makeover plan - Nitish offers 100 acres free for AMU campus - Pranab reviews Air India makeover plan - Stimulus package to stay till full recovery, says Pranab - Types of work under NREGA may be expanded - The best vs the good The three industry bodies, CII, Ficci and Assocham are expected to take a common stand on the different contentious issues that will confront the businesses once the new direct tax code comes into effect. It is proposed in the draft code that minimum alternate tax (MAT) of 2 per cent would apply on the gross asset value of a company instead of current levy of 15 per cent on book profits. The industry is believed to be opposed to this draft provision on the ground that it would have to pay MAT from the day it acquires both movable and immovable assets. Last month, the government released the direct tax code for public discourse and when approved by parliament it would replace the Income Tax Act of 1961 and other related laws. The draft tax code also suggests abolishing the controversial securities transaction tax but seeks to reintroduce long-term capital gains tax.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

© Copyright 2009