Banking updates

Sunday, March 1, 2020

New slabs make I-T structure more equitable: Ajay Bhushan Pandey

“People say there should be one or two slabs but that would be highly inequitable... Rates would have to be steep if we have one or two slabs. The income tax structure has to be progressive,” Ajay Bhushan Pandey told ET. “We studied slabs in developing countries, developed countries, neighbouring countries before these were worked out.”

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Taxman trying to get PSUs on board 'Vivaad se Vishwas'

Many state-run banks & public-sector units not too keen to opt for the ‘Vivaad se Vishwas’ tax dispute resolution scheme. Field officers have approached SBI, CBI, Bank of Baroda, Bank of India to settle disputes under the scheme but bank officials told ET that most of the cases involve the I-T dept having levied taxes with little justification.

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Banking updates

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Sunday, March 1, 2020

New slabs make I-T structure more equitable: Ajay Bhushan Pandey

Taxman trying to get PSUs on board 'Vivaad se Vishwas'

Affle (India) to acquire Mediasmart

Top stocks in focus: Bharti Airtel, Dr. Reddy's, NTPC, Adani Gas, Tata Motors, M&M

GST Revenue collection at Rs1.05 lakh cr in February

SGX Nifty indicates a positive opening for Indian markets

Stock market news that you should not miss today

GST collection tops Rs 1 lakh crore for the fourth straight month

Bank credit growth dips to 8.5% in January

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