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Tax deducted at source implications on year-end provisions

TDS is required to be deducted at the time of payment or credit in books to the account of the recipient, whichever is earlier.Read more

Siemens Limited declares 19% increase in revenue; 74% higher PAT in Q2 FY24

Revenue of Rs 52.48 billion was seen as a 19% increase over the same quarter in the preceding year.Read more

Govt set to extend 15% tax rate for new manufacturing units until 2025

This potential announcement is anticipated in the upcoming Interim Budget on February 1, with the aim of stimulating the manufacturing sector, attracting fresh investments, and simplifying compliance procedures.Read more

EY forecasts extension of 15% corporate tax rate in 2024 budget

EY predicts that the interim Budget may push back the deadline for commencing manufacturing from March 31, 2024, to March 31, 2025, for companies benefiting from the 15% concessional income tax rate.Read more

PwC study reveals global impact of carbon taxes on supply chains

The study emphasises that measures like the EU's Carbon Border Adjustment Mechanism (CBAM) will necessitate companies to proactively evaluate their implications across different regions.Read more

India implements 5 yrs anti-dumping duties on Chinese imports

These measures were instituted based on the findings of the Directorate General of Trade Remedies (DGTR), an investigative arm of the commerce ministry.Read more

India seeks to justify RoDTEP reimbursements amid US countervailing duties

This initiative follows the recent imposition by Washington of countervailing or anti-subsidy duties on certain Indian products in response to the RoDTEP scheme implemented for outgoing shipments in January 2021.Read more

Bosch registers 12.9% profit before tax in Q2 FY 2023-24

Profit after tax (including exceptional items) stood at 24.2 percent of total revenue from operations.Read more

Exporters call for enhanced benefits and expansion of RoDTEP Scheme

The Federation of Indian Export Organisations (FIEO), representing exporters, highlights disparities in refund rates. For instance, while aluminum bars and rods receive a RoDTEP refund rate of 2.2%, their value-added counterparts only get 1.2%.Read more

United Grinding Group announces partnership with Transaction-Network at EMO Hannover

The slogan of the United Grinding Group was also its motto at this year's EMO Hannover: ‘UNITED FOR YOUR SUCCESS’. The group celebrated its 30th anniversary and announced its partnership with Transaction-Network. It also presented three product innovations in grinding and measuring technology on 1,000 sq m at EMO Hannover 2023.Read more

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