The controversy over the goods and services tax (GST) rate on food products refuses to die. Now, the Gujarat-based authority of advance rulings (AAR) has ruled that ‘parathas’ would attract 18 per cent GST. The applicant, Vadilal Industries, sought to know whether various kinds of ‘parathas’ supplied by them would […]

Bill Carter, a media analyst for CNN, covered the television industry for The New York Times for 25 years, and has written four books on TV, including The Late Shift and The War for Late Night. The opinions expressed in this commentary are his own. A substantial slice of the […]

The income-tax (I-T) department is working on integrating the new e-filing portal with stock exchanges to help tax authorities track trade transactions, including futures and options. The integrated system will look at discrepancies between the data disclosed by an assessee and match it with data fetched from stock exchanges, using […]

Third-quarter estimated tax payments are due on Sept. 15 for income from self-employment, small businesses, gig economy work, investments and more. Filers with an adjusted gross income below $150,000 may avoid penalties by paying 90% of taxes for 2021 or 100% of 2020 levies. Victims of Hurricane Ida may postpone […]

‘A time-wise, as well as price correction, so that the market can absorb the gains made over the past 17 months.’ The recent below-par debut of issues at the bourses after they hit the primary market has left investors worried. Jyotivardhan Jaipuria, founder and managing director, Valentis Advisors, tells Puneet […]

It ain’t over until the judicial lady brings down her ruling, but the 13-year old conservatorship of Britney Spears could be soon coming to an end  — if the father of the former Princess of Pop gets his way. “Ms. Spears has told this Court that she wants control of […]