Bank of India (BoI) posted a loss of Rs 1,500 cr in the Dec quarter, which is the highest ever reported by a bank in a quarter. In a conversation with ET, BoI's managing director Melwyn Rego, said the bank will take at least a few more years to come out of the financial mess and the huge NPA burden.
MUMBAI: The Central Board of Direct Tax is looking into non-payment of securities and transaction tax (STT) with regard to participatory-note (P-note) transactions.
MUMBAI: The government is discussing whether to increase the time limit for applicability of long-term capital gains tax from one year to three years, top consultants and government officials told ET.
NEW DELHI: The Employees' Provident Fund Organisation (EPFO) has allowed employers whose statutory contribution is less than Rs 1 lakh to make payment through bank drafts, banker's cheques and local cheques till June this year.
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