The average time lag between the date of occurrence of a fraud and its detection is 23 months; for large frauds (Rs 100 crore and above), it was 57 months. Illustration: Dominic Xavier/Rediff.com......
With the Supreme Court upholding the executive's right to decide how to go about allotting natural resources, the United Progressive Alliance government's policy legacy has got a boost.Although the......
Business subsidies may now attract tax, but those to to consumers such as on LPG may be exempted Subsidies, tax concessions and incentives that add to business income such as the one given for......
Reliance Industries (RIL) may have to pay 30 per cent tax on the income accruing to it from the $7.2-billion deal with British firm BP. However, BP - the world's fourth-largest energy company -......
In a ruling affecting the way multinational companies use brand names in India, and the tax demands raised on payments in this regard, the High Court here has laid down some principles in this......