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Govt panel recommends corporate tax cut to 25% for all companies: Source

Tuesday, August 20, 2019, 7:18 PM

A government panel has recommended cutting the corporate tax rate to 25% from 30% for all companies and scrapping surcharges on tax payments, an official said on Tuesday, part of a major overhaul of the six-decades old tax act. The panel headed by Akhilesh Ranjan, a member of the central board of direct taxes, delivered its report to Sitharaman on Monday.
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Finance ministry may consult Law ministry on FPI surcharge

Wednesday, August 14, 2019, 8:08 AM

The finance-ministry may soon consult the law ministry on how best to provide relief to FPIs from the super-rich surcharge that was announced in the July-5 budget. The government is exploring various options and the one considered most effective and legally feasible will be taken-up, said people with knowledge of the matter. The surcharge has taken effect after presidential assent to the Finance Bill.
 
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SEBI may probe auditors for role in IL&FS crisis: Sources

Monday, December 24, 2018, 8:07 PM

A decade since the Satyam scam unfolded, a development that resulted in serious consequences for its auditor PwC, remaining three of the famous Big 4 accounting firms quartet could find themselves in trouble, this time for IL&FS crisis. Deloitte, SRBC and BSR & Associates respectively were the statutory auditors of group. Deloitte, KPMG and EY are all on SEBI's empaneled list of forensic auditors.