For the purchase of an overseas tour programme package, the TCS shall continue to apply at the rate of 5 per cent for the first Rs 7 lakhs per individual per annum; the 20 per cent rate will only apply for expenditure above this limit, the ministry added.
The market regulator imposed a penalty of Rs 25 crore on Reliance Industries and Rs 15 crore on Ambani in January 2021. It had also asked Navi Mumbai SEZ to pay a penalty of Rs 20 crore.
With this, the inflation has come within the Reserve Bank of India’s comfort level of below 6 per cent after a gap of two months.
HCLTech has entered into an agreement with Business Finland to drive innovation and growth in areas of generative AI, metaverse, space and quantum technologies.
Kotak Mahindra group founder has a financial sector model for India: 9% annual growth, $30 trillion GDP by 2047
A purchasing managers’ index issued by China’s statistics agency and an industry group improved to 49.3 from June’s 49 on a 100-point scale but was below the 50-point level that shows activity contracting.
In recent months, lenders in Asia’s third-largest economy have boosted their unsecured lending portfolios as the pandemic-induced stress on household finances has eased.
Indian tax authorities have served notices worth about 1 trillion rupees ($12.03 billion) to online gaming companies, reported Reuters.
“The acquirers are all systematically important non-deposit accepting non-banking financial companies (NBFCs) engaged primarily in the business of making investments in capital markets and providing secured and unsecured loans,” the Commission said.
The August manufacturing PMI number has come a day after the release of April-June GDP data, which showed the Indian economy grew at a four-quarter high of 7.8 per cent, broadly in line with expectations.