The Finance Bill proposes to levy a tax of 10% on income earned on transfer of carbon credits. Such a tax will be levied on the gross income, without allowing for any deductions. According to the explanatory
Cos Asked To Set Aside 2% Of Avg Net Profits Of Last 3 Yrs As Seed Capital Companies which were hoping to fulfill their corporate social responsibility (CSR) obligations, introduced by the recently enacted Companies Act, 2013, through the easy route of donations or activities that would exclusively benefit their employees and families are in for a rude shock.
14th Among 100 Countries: Survey Mumbai: India enjoys a high rating when it comes to budget transparency practices. It ranks 14th among the 100 countries that were surveyed. Its open budget index score of 68 out of 100 is much higher than the average score of 43 for all countries covered in the Global Open Budget Survey 2012. The results of the survey were released on Wednesday by The International Budget Partnership (IBP). According to IBP, India’s current score indicates that the government provides significant information on its budget and financial activities during the year, enabling Indian citizens to hold the government accountable for management of public money.
WE CELEBRATED Environment Week this month. Various organisations as part of their corporate social responsibility (CSR) initiatives got their act together, conducted workshops to sensitise their employees, planted trees, et al. A few friends participated in
