Tax treaty rate cannot override dividend distribution tax rate: I-T tribunal
A special bench of the Income Tax Appellate Tribunal, Mumbai, has held that a tax treaty rate cannot override the dividend distribution tax rate (DDT) prescribed under the Income-tax (I-T) Act.This is ...
Air India’s new pay structure: Unhappy pilots warn of ‘unrest’; ‘no recognised union’, says airline
NEW DELHI: Air India pilots have rejected the new pay structure finalised for them by the airline. The main bone of contention is that under the new structure, they are assured of 40 hours of flying a ...
Four charts map Gautam Adani group’s debt pile
MUMBAI: Adani group’s pile of debt increased almost 21% over the past year and the proportion held by global banks rose to nearly a third, according to data seen by Bloomberg that offers an up-to-date ...
Finance minister Nirmala Sitharaman speaks on Adani, jobs, oil and crypto
NEW YORK: India’s finance minister Nirmala Sitharaman said the South Asian nation could buy Russian crude oil near or past the price cap imposed by the G-7 if the recent OPEC+ output cut increases ene ...
What happened to affordable house market?
Her quest for a house recently took marketing executive Taniya Sirpurkar (name changed) to Kollur on Hyderabad’s outskirts. Local developers describe it as a “growing residential pocket”. It has many ...
Entry-level car, bike sales skid on high prices
NEW DELHI: The pace of personal mobility adoption in India is slowing down at the bottom end of the market as vehicles get expensive on regulatory and emission requirements, while income levels at low ...