E India CA

Professional Updates for Chartered Accountants

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Infosys announces Rs 8,260 cr buyback; to offer special dividend

New Delhi, Jan 11 () Infosys on Friday said it will buy-back shares worth up to Rs 8,260 crore and offer shareholders a special dividend of Rs 4 per share as part of the company's Rs 13,000 crore-capital allocation policy. The board has also approved the re-appointment of Kiran Mazumdar -Shaw as the Lead Independent Director ...

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Kerala HC stays GST provisions on TCS

The GST provision has hit car dealers particularly hard as they collect 1% TCS from buyers purchasing cars worth over Rs 10 lakh. The Kerala High Court through an interim order has stayed the GST provision which mandates that tax collected at sources (TCS) by the supplier — according to provisions of the Income Tax Act — must be...

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CBDT asks tax officials to speed up withdrawal of appeals cases

NEW DELHI: Apex direct taxes body, the Central Board of Direct Taxes, has cracked down on the delay in withdrawal of tax litigations in Income Tax Appellate Tribunal and High Courts and asked officials to expedite the process. The board has shot off a letter to field officers, asking them to complete the exercise by January end. ...