Surat-based Amit Rastogi booked an under-construction flat for ₹85 lakh. The developer levied GST at 5% on each installment, increasing the overall cost of the property. Since the value exceeded ₹50 lakh, Amit was also required to deduct 1% TDS on every payment and deposit it using Form 26QB. Before buying a property, homebuyers should […]
That the Competition Commission of India has announced an investigation into IndiGo’s mass flight cancellations was par for the course. Sure, the CCI hasn’t specified the anti-trust laws that India’s largest airline has violated, but its monopoly status in one of the world’s fastest growing aviation market does warrant an inspection. IndiGo has a 65% […]
The implementation of India’s four new Labour Codes—which consolidate 29 existing laws—marks a significant overhaul of the country’s employment and social security framework. India’s new labour codes introduce major changes to gratuity, Provident Fund (PF), and salary structure, aiming for wider worker protection and formalisation. (AI Image) India’s four new labour codes are: Code on […]
India’s new labour codes, consolidating 29 complex central laws into four streamlined codes, represent a landmark reform in labour laws that govern the largest working population in the world. India’s new labour codes aim to modernise the legal framework, extend social security to a wider workforce, and ensure universal wage protection. (AI Image) These codes […]
Mumbai: A US Court of Appeals has upheld a District Court decision against Tata Consultancy Services Ltd. that required India’s largest software-services exporter to pay $194 million in damages in a matter related to a trade secrets dispute. An injuction, now vacated, in the trade-secrets lawsuit would have limited TCS’s ability to conduct business using […]
With the record date of the Infosys buyback upon us, it’s worth understanding how buyback taxation works in India. Thankfully, Nithin Kamath, co-founder and chief executive officer, took it upon himself to do the math. Zerodha CEO Nithin Kamath. (@Nithin0dha/X) The ₹18,000-crore Infosys buyback—the largest in India’s history along with Tata Consultancy Services Ltd.’s in […]
Silver has always been a popular choice for investors looking to diversify their portfolio. But instead of buying physical silver bars or coins, investors today have an easier option – Silver Exchange Traded Funds (Silver ETFs). Like any investment, it’s important to understand the risks and do proper research before investing in silver ETFs. (Representative […]
The Union labour ministry has simplified and liberalised the partial withdrawal rules under the Employees’ Provident Fund (EPF) scheme, making it easier for its more than seven crore subscribers to withdraw up to 100 per cent of their EPF from their provident fund accounts. Notably, the Employees’ Provident Fund Organisation (EPFO) manages the retirement savings […]
The ED attached ₹423 crore in assets of Ozone Urbana Infra Developers, part of the Ozone Group, over alleged fund diversion in its Bengaluru township project Source link
