Filing Form 3CEB: What You Need to Know

During the audit process, Form 3CEB is applicable for companies that have engaged in international and specified domestic transactions with any associated enterprises during a financial year.

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Tax Audit Report for AY 2020-21 in India: Some Considerations

The tax audit report for AY 2020-21 in India is due October 31, 2020; we discuss some recent tax concessions that should be reflected in audit reports.

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Tax Ruling Says Dividend Tax in India to be Based on Beneficial Treaty Rate

A Delhi appellate tribunal has held that even non-resident shareholders, such as foreign investors, can access the beneficial tax rate on dividend income.

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Delhi to Deregulate its Restaurant Industry, Establishments to Stay Open 24×7

Delhi’s state government has promised to end its license permit raj for restaurants in the capital and abolish unnecessary charges and compliance requirements.

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Retailers industry forum working to enhance consumer trust

The National Industry Forum for Retail (NIFR) is working towards improving operational efficiency of retail players along with enhancing consumer trust and meeting their demands, said a statement by GS1 India.

Pandemic-hit fashion retailers to see revenue dip 35-42%: ICRA

The coronavirus outbreak has adversely impacted the credit profile of the Indian retail industry as consumers deferred their discretionary spends, amid the shutdown of malls across the country as well as closure of non-essential stores across most states in the country.

Indian Railways Improves Freight Tracking via Newly Developed Portal

The Indian Railways is making it easier to track freight consignment, access information on various discounts and schemes via its new portal.

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Growth in data tariffs, broadband reach show move towards higher ARPU

Data tariffs and the number of broadband subscribers continue to move northwards, showing that the Indian telecom industry is on its way towards a higher ARPU (average revenue per user) regime, according to a report by India Ratings and Research (Ind-Ra).

Gregg Albert Saretsky appointed non-executive director on IndiGo Board

Airline major IndiGo on Friday said aviation industry veteran Gregg Albert Saretsky has been appointed to the company's Board of Directors.

India’s New Labor Codes: A Brief Note for Foreign Investors

Businesses will find that the new codes will make it easier for them to manage labor compliance and implement flexible staffing practices.

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Online grocery to become $18bn industry in India by 2024: Report

As companies from Reliance to Amazon put their top dollar in serving daily grocery at your doorstep, a new report said on Friday that online grocery is going to be the next battleground for growth, expanding to over $18 billion by 2024.

India’s Taxpayers, FPI, Offshore Investors Promised Relief: Parliament Passes New Bill

The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020 extends compliance deadlines and promises tax relief to key groups.

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Corporate India Cautiously Optimistic in July-September Quarter: CII Business Outlook Survey

India Inc. expect the restart of business operations post lockdown to improve overall capacity utilization but profitability will suffer due to low demand.

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After IT, Telangana Wants to be India’s Electric Vehicles Hub

Telangana's new electric vehicle policy will mobilize greater investment into EV component manufacturing and developing energy storage solutions.

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45% imported smartphone components came from China in FY20

As the government pushes for self reliance in the mobile phone and electronics industry with the clarion call for 'Atmanirbhar Bharat', data shows that over 45 per cent imports of smartphone components in the last financial year (FY 2019-20) came from China.

Manufacturing Toys in India: Recent Developments to Support Domestic Capacity

Several policies rolled out this year support the capacity for manufacturing toys in India, including import hikes, QC checks, and setting up SEZs and hubs.

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Tamil Nadu Announces Electronics Manufacturing Policy: What are the Incentives?

Through incentives rolled out in its latest manufacturing policy, Tamil Nadu wants to raise production output to US$100 billion by 2025.

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India’s Electric Vehicles Market: Delhi EV Policy Offers Subsidies, Other Incentives

The Delhi Electric Vehicles Policy, 2020 will be valid for a period of three years and offers a range of incentives to promote widespread adoption and facilitate demand.

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Air India not to go ahead with recruitment exercise of trainee pilots

Air India has decided not to go ahead with the recruitment exercise of trainee pilots due to the bleak scenario in the aviation industry and the critical financial condition of the company.

Tile players' turnover likely to decline 15-25% in FY21: ICRA

The Covid-19 pandemic has exacerbated weakness in the domestic tile demand, following the negative impact on its end-consumer industry, the real estate sector, ratings agency ICRA said on Monday.