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News Roundup: Taxman May Knock At Your Door If Received Rs 50 Lakh

Posted on August 04, 2008

PolicyTax Policy - According to new scrutiny norms by Central Board of Direct Taxes (CBDT), a company which has introduced fresh capital exceeding Rs 50 lakh last fiscal could come under the tax scanner. The new norms are also against invoking of the Right to Information (RTI) Act, reports Hindu Business LIne.Delisting Norms - A proposal to change delisting norms has been sought, which states that if public shareholding is marginally above the mandatory requirement for remaining listed (10 per cent of equity) would be able delist only if at least half of the existing public shareholders respo...

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