JFSL LISTING TAX IMPLICATIONS
Flipback Tax: Razorpay restructures to cut levy; Groww pegs tax outgo at $70 million
US-registered Razorpay is quickening plans to shift its domicile to India. For the same, it has initiated a restructuring exercise through which half a dozen India units are being brought under one holding company.
Ghar Wapsi, a start up the right path
India's regulatory regime has also facilitated shifts in both directions. Outbound investments were made easier by regulators clarifying what constitutes bona fide business when a startup intends to relocate abroad. Inbound investments also face more clarity over transfer of assets, apart from overall lower sectoral restrictions on foreign investments.
Tax free settlement of family assets: How Godrej like family arrangement can help in redistribution of wealth among members without capital gain tax
The Supreme Court of India permits re-distribution of wealth using family arrangement among the members of the family. Further using this method eliminates the possibility of the family memebers paying any capital gains tax. The Godrej family recenlty used this process. Read here to know how you too can use family arrangement process.
Income tax return: My wife is a homemaker who earns interest income below Rs 2.5 lakh from FDs, RDs. Should she file her ITR?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
What the split in Godrej conglomerate will mean for stakeholders & brand? Legal eagles explain
Supreme Court lawyaer HP Ranina says: The split is in the interest of the Godrej family as well as the stakeholders and if it is carried on in the right spirit, which I am sure it will be, then certainly everybody will stand to gain. Crawford Bayley's Sanjay Asher says he is sure that under the circumstances they have aligned it in a manner that no future disputes arise.
Infosys set to receive Rs 6,300 crore tax refund gain
Infosys received Rs 6,329 crore in tax refunds for 11 years but faces a Rs 2,763 crore tax demand for 2022-23. Various subsidiaries also dealt with tax liabilities and refund orders, impacting the company's overall financial position.
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Liquidity and tax implications should be key factors for investing in any instrument: Shweta Rajani
Shweta Rajani says that when making investment decisions, it is important to consider taxation and avail tax-saving provisions like Section 80C. The approaching deadline for LTCG tax highlights the implications of selling various capital assets. ELSS is the preferred investment option over PPF and NPS due to higher returns and shorter lock-in.
Are there any tax exemptions for the treatment of mental health issues?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Budget 2024: Trade, taxes, and potential transformations awaiting in India's fiscal strategy
Budget 2024: India's 2024 budget announcement has the potential to bring about significant changes in cross-border trade finance. This budget holds immense importance for companies engaged in international trade, as it could impact trade policies and financing options. One notable positive development expected is the revision of the 'Inverted Duty Structure', which has been adversely affecting domestic industries' competitiveness and profitability.
Senior Citizens’ Savings Scheme (SCSS): Can I deduct penal interest while filing ITR?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Eruditus joins queue of reverse flips by Indian startups, weighs IPO
Edtech unicorn Eruditus is planning a shift in domicile from Singapore to India, or reverse flipping, and joins the growing list of Indian internet firms — Pine Labs, Udaan, Razorpay and Groww, among others. Eruditus is evaluating a listing on the domestic bourses.
Interim Budget 2024 wish list: 15 income tax, personal finance ideas for the Finance Minister
The Union Budget will be announced next month. ET Wealth reached out to experts to know what they want on February 1.
Jio Financial Services Q3 Results: Consolidated PAT slumps 56% QoQ to Rs 294 crore, revenue drops 32%
Jio Financial Q3 Results: The company's consolidated revenue from operations fell nearly 32% to Rs 413.61 crore. For the nine months ended December 2023, the Mukesh Ambani-led company reported a profit of Rs 1,294 crore and a revenue of Rs 1,436 crore. The total tax outgo for the quarter was Rs 88 crore against Rs 86.3 crore in the preceding quarter.
Zomato, Swiggy want to clarify stance to DGGI on tax notice
Companies are expected to tell officials that delivery fees are not accounted for as revenue, but passed on to delivery workers and hence cannot be taxed.
Income tax: How can you save Rs 1.23 lakh tax with car lease finance as part of your salary?
As your salary grows the avenues of saving income tax shrinks. However, car lease finance is an option that works better with higher salary as it gives you an opportunity to own a car and save a substantial amount of income tax. We tell you how this tax saving option works and what all you need to check before going for this option.
On a sticky wicket: From Aishwarya Rai to Jacqueline Fernandez, 5 celebs who were questioned by ED
Bollywood star Ranbir Kapoor recently got into hot water as he was summoned by the ED in connection with a shady online gaming app.
Canada's tax-free incentives for first time home-buyers: international students, foreign workers are eligible too
The initiative aims to make homeownership more accessible and support newcomers in establishing themselves in the country. The eligibility criteria include being a first-time home purchaser and a Canadian resident. Financial institutions offer three types of accounts: depositary, trusteed, and insured.
Jio Financial shares list on bourses; what’s the tax liability for investors?
While the listing was a booster shot, the stock succumbed to selling, largely by passive index funds, who needed to adjust their portfolio ahead of the exit of Jio Financial from Nifty 50 and Sensex
Investing for NRIs: A comprehensive guide to opportunities and challenges
NRIs have a plethora of investment options in India, ranging from equities and mutual funds to fixed deposits and debt funds. Understanding tax implications and staying updated on DTAA agreements are crucial for effective investment planning.
Explained: Benefits of direct listing on GIFT IFSC Exchange
The Indian equity market boasts an impressive market cap of over US$ 3.8 trillion, with nearly all of it attributed to India-incorporated companies. In our article published in ET in 2022, we emphasized on encouraging foreign companies to list in India as their secondary listing destination and conversely Indian-promoted companies that are presently incorporated and listed exclusively outside India to opt for Indian exchanges as their secondary listing platform.
Feroze Azeez on the dos and don’ts of investing & tax saving
Investment's primary objective is to achieve a specific financial goal, says Feroze Azeez, deputy CEO of Anand Rathi Private Wealth. The best way to attain this goal is by purchasing instruments that offer the best mixes of risk and rewards rather than relying on tax efficiency alone. In terms of investment goal setting, tax is an extra catalyst in an instrument's efficiency.
Will your ‘gift’ be taxed?
Monetary gifts or property received under a will or by way of inheritance is not taxable. This will also hold in case someone bequeathes such a gift in contemplation of death (who is terminally ill and expects to die shortly from illness).
Divya Baweja on tax implications related to property, investments and gifting
What would really help is one that obviously you will have your property papers which are there. Then there should be a will or an inheritance deed which is there. And if it is gifted, then you need a gift deed.
Government proposes tax relief for REITs, InVITS
However, the government on Friday proposed to soften the tax impact on Real estate investment trusts (REITs) and Infrastructure investment trusts (InVITs) through amendments to the Finance Bill 2023. The Bill has been approved by the Lok Sabha.
Regular tax regime or simplified one? Here's how taxpayers can make the right choice
According to Deloitte India's Saraswathi Kasturirangan, although taxpayers have time till the tax return filing to choose a regime, there is no point in opting for the regular tax regime if the investments are not made before the deadline. and that It is crucial to do the homework right now.
Tax implications of mutual fund investments
Like any other investment, it is important to consider the tax implications of mutual fund investments before making them.
Getting an ESOP in your next job? Here's how an ESOP works, risks involved and tax implications
Typically, a company offers its employee an option to buy a fixed number of stocks after a vesting period at a predetermined price that often comes with a big discount. Though it may appear a good bargain on paper however, in reality, there are many things which may go wrong and there is no guarantee that you will always take home the jackpot. Here's what should know to get the call right.
Panama law firm heavily implicated in 'Pandora Papers' revelations
The firm also worked with figures in some of the most notorious financial scandals of the last decade, including the massive Latin American bribery plot involving Brazilian construction company Odebrecht and the soccer corruption case known as "Fifagate," according to the ICIJ.
NRI investment opportunities and tax implications
India has been a beneficiary of significant remittances, in fact in the calendar year 2020, India has received the highest remittance of $ 83 billion amongst all the nations, credit for these generous remittances is attributed to the contributions made by the bourgeoning and vibrant Indian diaspora thriving in different corners of the world.
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