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REC Raises Rs.5,000 Crore via Bonds

REC issues zero-coupon bonds for ?5,000 crore.

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LTCG Tax Without Indexation: A Win for Real Estate Investors

CBDT Chairman endorses LTCG transactions without indexation for real estate.

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Govt offers tax relief to four more foreign funds to push infra investments

he Central Board of Direct Taxes grants tax exemptions to four more foreign funds

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Draft accounting rules for real estate projects issued

The Finance Ministry, in May, issued a fresh draft of the Income Computation and Disclosure Standard (ICDS) for real estate transactions, which could lead to a higher tax incidence on real estate projects.

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Infra companies provided with Rs 4,500 crore irregular tax benefits

As reported, Government auditor Comptroller and Auditor General (CAG) has revealed that the Income Tax Department has provided irregular tax benefits to infrastructure companies without verification. This has a tax effect of over Rs 4,500 crore.

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A Taxing Issue

JAIRAJ PURANDARE sheds more light on the recently notified Income Computation and Disclosure Standard III. The business world in India is on the brink of a paradigm shift in the manner of recognising and disclosing

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