Experts further said that e-commerce companies already deduct 1 per cent TDS under the Goods and Services Act
The recent Budget 2020 proposals came like a bolt from the blue for the life insurance firms. A knee-jerk reaction saw stocks of private life insurers plunge 6-13 per cent at the bourses on Saturday.
Hindustan Unilever may rally towards Rs 2,300 if it trades above Rs 2,150 levels.
As nearly 30-40% of premium inflow draws support from tax incentives, private insurers stare at weak earnings growth in FY21
From new tax regime proposed in the Budget to falling states' share in central tax pool, here are the top 10 business headlines for the day
Business Standard brings to you best of BS Opinion for the day
Slowdown in economic growth has taken a clear toll on revenue growth
The tax proposals are aimed at stimulating growth, simplifying tax structure, bringing ease of compliance and reducing litigation
The most striking aspect of this budget is that it addresses a vast array of subjects
In the highways sector, the debt of the National Highways Authority of India has weighed down on the projections for next year
This includes loans from NSSF at Rs 1.36 trillion
Finance minister had announced hiking the deposit insurance limit to Rs 5 lakh for each bank depositor
Despite tight fiscal conditions, the budget makes room for higher capex
On Saturday, the benchmark indices closed near their day's lows, indicating further selling pressure on the following trading day
Analysis of S&P BSE 500 companies suggests that promoters of Indian private-sector companies in particular could end up paying at least 20 per cent more as additional tax on the same dividend income
The Union Budget had proposed on Saturday that NRIs have to pay up taxes on global earnings, if they're not paying in any other jurisdiction or country, generating much debate
Kumar said the idea behind the listing of LIC was to "bring in more transparency and allow the company to share gains with its stakeholders"
Expectations remain high but fiscal constraints could lead to the emergence of implementation challenges in many of the schemes during the year
The FM disagreed with experts who termed the new tax regime complex and unavailing saying it would benefit some taxpayers, if not all
The direct tax proposals aim to accelerate economic momentum and ease of living for taxpayers, though the key will lie in smooth administration