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India may benefit from G-7 countries’ minimum 15% Corporate Tax Pact

Experts feel that India is likely to benefit from the global minimum 15% corporate tax rate pact inked by the world's richest G-7 nations. It is a landmark step toward reforming the global tax system.Read more

Four logistics trends that can make supply chains cost-effective

To bring down the logistics cost from 14 per cent of the GDP to 10 per cent by 2022, the Indian supply chain networks need a plan to become an integrated and efficient distribution model that can effectively leverage the GST and other developmental policies, says Aditya Vazirani.Read more

Be prepared for Tax Collected at Source from 1 Oct 2020

Any seller of any goods whose turnover in the preceding financial year exceeds Rs 10 crore is liable to collect TCS at 0.1% of the sale value (0.075% for Oct 2020 to Mar 2021 period) from the buyer if the buyer purchase goods for the value exceeding Rs 50 lakhs.Read more

Industry expects corporate tax cut to revive economy

Corporate tax for new domestic manufacturing firms has been reduced to 15 per cent. Decision to expand the scope of CSR spending expected to promote PPP in R&D and help India move up the innovation ladder.Read more

Govt reduces corporate tax to 22% and 15% for new manufacturing firms

Decision to expand the scope of CSR spending expected to promote PPP in R&D and help India move up the innovation ladderRead more

EV buyers to get benefit of additional IT deduction of Rs 1.5 lakh: Budget 2019-20

To further incentivise e-mobility, budget 2019-20 has exempted customs duty on certain auto components (parts) of electric vehiclesRead more

Extending income tax exemption to MSMEs to be highly beneficial

The Government should introduce a long-term solution in the 2019 Budget that can save the credit-starved MSMEs from their dire state.Read more

Uno Minda goes digital to increase supply chain efficiency

By adopting Moglix’s vendor portal solution, the auto components maker has improved communication between users and suppliers, thus increasing productivity.Read more

Government's credit guarantee to reach Rs 500 billion under CGTMSE for FY19

With a view to allay the trade finance woes of micro, small and medium enterprises (MSMEs), the Union Government has planned to more than double the credit guarantee up to Rs 500 billion for 2018-19 under the Credit Guarantee Fund Trust For Micro and Small Enterprises (CGTMSE) schemeRead more

Iris Global to bag Rs 200 million business providing customised tablets for taxis in Delhi NCR and Mumbai

Iris Global Services is aiming to capture Rs 20 million business this financial year providing customised tablets for taxis running in Delhi NCR and Mumbai. Iris Global Services is the technology integration arm of Iris Computers, getting full advantage of being back with its very original team comprising founder Sanjiv Krishen, Kamini Talwar and Som Arya, having had steer cleared all obligations with banks and creditors while acquiring it from Inflexion Point.Read more

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