Infosys, one of India’s leading IT giants, was hit with a pre-show cause notice from Karnataka state GST authorities, alleging tax evasion to the tune of ₹32,000 crore. This development has sparked significant…
Tag: tax
Stock markets slump 1.5% after FM Nirmal Sitharaman announces tax hikes
The Indian stock market benchmarks, Sensex and Nifty 50, each fell nearly 2% after Finance Minister Nirmala Sitharaman’s Union Budget 2024 speech proposed higher taxes on market gains, dashing hopes for unchanged…
Budget 2024 : Industry Leaders expect tax reforms and support for business from Finance ministry
As the Union Budget 2024 approaches, industry leaders are voicing their expectations, emphasising the need for transformative reforms and strategic investments to propel India’s economic growth. With the government’s strong fiscal discipline…
New India Assurance reports 128.4% growth in profit after tax in Q4FY24
Mumbai. 23rd May 2024: Commenting on the results, Executive Director Mr. Titus Francis said, “New India Assurance” has delivered excellent results in FY24 despite adverse impact of several catastrophic claims during the…