Fixed income ubs

This comes just a couple of days after the I-T department on Thursday extended the deadline for tax saving investments/payments for the financial year 2019-20 up to July 31. As a result, taxpayers will now be able to make investments for claiming deductions under the Income Tax Act for the financial year 2019-20 up to July 31. … [Read more...] about ITR filing deadline for FY 2019-20 extended till November 30

The government has stuck to its July 7 deadline for making the first instalment by foreign internet companies of India’s own version of Google Tax. The Income Tax Department late night Friday modified the payment challan, adding the option of 2 per cent equalisation levy or so called Google Tax for the foreign e-commerce operators. This clears the confusion on the payment deadline as foreign firms until now did not have procedural clarity. ETCFO exclusively reported on July 3 that the government is unlikely to defer the first instalment deadline, citing a senior finance ministry official.India introduced the 2 per cent equalization levy or so called Google Tax on e-commerce supply of services, beginning this financial year 2020-21. This came as an attempt by India to tax internet giants like Amazon, which does significant business in its jurisdiction but pay few taxes.As per this new regulation, e-commerce firms were required to make the payments on quarterly basis, with the … [Read more...] about Google Tax: India sticks to July 7 deadline, shrugs off US probe

BENGALURU: Amid rising fuel prices, a Bengaluru-based startup is planning to launch an all-electric shared mobility service, which will operate on a business-to-consumer (B2C) model like Ola and Uber. While electric cabs are not new to the city, operators have been running them as business-to-business services, mainly catering to corporates.Envi, a service by Malbork Technologies Pvt Ltd, is set to hit the road by July-end. “We recently obtained licence from the transport department to operate environmental friendly cabs in the city. Our vision is to help reduce harmful greenhouse gases that are mainly released by generating electricity and running vehicles that burn fossil fuels. We want to attempt to reverse the impact of both, by powering our offices and cars with sustainable power,” said Sanjeev Kumar, founder of Malbork.He said they are planning a two-phase rollout — a soft launch of 25-30 cars by July and the big launch by October. On people reluctant to use cab … [Read more...] about Bengaluru: Not just officegoers, e-cabs open door for all from July

By Aakriti BansalIt has always been nature adjusting to all human needs however, recent times have shown us how technology has helped us align with nature. But, are we doing enough?The year 2020 began with the outspread of the pandemic COVID-19 and is likely to witness an end with a disastrous socio-economic and political crisis in the worst affected countries. There have been more than 9 million cases and half a million deaths throughout the world leading to a global slowdown resulting in long-lasting damage on development and growth.With the world output growth growing at its slowest pace of 2.9% in 2019 since the global financial crisis in 2009, COVID-19 emanated as an uninvited guest to the already strained economic conditions of the world. The economy of India had already been on a downturn since 2016, GDP growth rate hitting an all-time low of 5% in 2019 after 2008 (3.09%), on top of which the current economic system had to face the unprecedented impact that COVID-19 brings … [Read more...] about Opinion: Combating Covid-19 beyond technology

BEIJING, July 4 (Xinhua) -- China's international goods and services trade surplus stood at 424 billion yuan (about 60 billion U.S. dollars) in May, official data showed. … [Read more...] about China goods, services trade surplus tops 420 bln yuan