Despite a temporary relief, foreign investors still see the sword of double-taxation hanging above their hard earned returns. On December 21, the Central Board of Direct Taxes issued a circular clarifying that offshore vehicles, including foreign portfolio investors (FPIs), were subject to indirect transfer provisions. The move set alarm bells ringing in fund houses from Hong Kong to London and New York. Effectively, the indirect transfer provisions imposes taxes on offshore transactions if ... Rediff.com, 3 weeks ago
Startup Investors propose seminal changes in tax and regulatory regime to enable Prime Minister's Startup Action Plan in high gear
Industry advocates- Indian Angel Network (IAN), NASSCOM, TiE, Mumbai Angels and IVCA with Nishith Desai Associates have come together to propose tax changes for a more impactful Start up India Program, higher growth startups, increased job creation and ...Business Standard, 1 month ago
The shares - close to 30% of the total holding - are expected to list on rival National Stock Exchange on or around February 3. Asia's oldest bourse BSE will launch its much-awaited Rs 1,500 crore (Rs 15 billion) initial public offering (IPO) on January 23. The shares are expected to list on rival National Stock Exchange (NSE) on or around February 3. The IPO, which would open on January 23, closes on January 25, according to Red Herring Prospectus (RHP) filed by BSE with markets ...Rediff.com, 1 month ago
Paving the way for BSEs IPO launch, capital market regulator Sebi has given its final go-ahead to the draft prospectus for the estimated Rs 1,500-crore public offering by Asias oldest exchange. The much-awaited public offer of BSE will see sale of 29,955,434 ...Deccan Herald, 1 month ago
Exchanges believe its legal status may now change, with the government pushing for digitised transactions. The central government’s demonetisation drive has come as a sign of encouragement for Bitcoin exchanges. The crypto currency-cum-payment system has been denied a legal or currency status till now by the Reserve Bank of India. The exchanges now believe this might change, with the government push for digitised transactions. This has led to a spike in the crypto currency’s ...Rediff.com, 2 months ago
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