MUMBAI:Tata Trusts chairman Noel Tata has sharpened his opposition to a potential listing of Tata Sons, arguing that bringing in public shareholders could upend a century-old ownership structure in which philanthropy sits above profit.“My worry is that listing, which is what some people are proposing, will change the Tata way. And one day, if we…
Noel Tata, chairman of Tata Trusts NEW DELHI: Tata Trusts chairman Noel Tata on Saturday cautioned that a public listing of Tata Sons could change the Tata Group’s traditional business philosophy, warning that a larger shareholder base may eventually prioritise profits over philanthropy.“My worry is that listing, which is what some people are proposing, will…
The counsel contended that Section 269ST, was the provision applicable to this particular violation. (Image for representative purpose only) In cases of property deals, cash transactions are allowed up to a certain limit. What if you sell a property and take a part in cash and the Income Tax Department imposes a penalty?In one case,…
The Assessing Officer accepted the claim for one flat but rejected the deduction relating to the second. (Image for representative purpose) A taxpayer sells commercial properties and invests the proceeds in two residential flats. But the flats are on different floors. Does that automatically mean he can claim capital gains tax relief on only one…
Jewellers say these stones are attracting customers seeking exclusivity, distinctive designs. (Image for representative purpose only) Looking beyond gold and diamonds, affluent buyers are in the market for coloured gemstones which are becoming an important growth segment for India’s high-end jewellery market.Sales have risen 40% during the festive season as wealthy buyers show greater interest…
