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GOVERNMENT
POLICY
Perquisites for official purposes not to be taxed — Onus on employer to furnish details
CREDIT card, motor car and club expenses reimbursed to employees will henceforth not be taxed as perquisites if the employer certifies that the expenses have been incurred "wholly and exclusively" for official purposes. In line with the ...
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Stake in cos listed abroad can be shed via ADR/GDRs
THE Government has allowed the shareholders of Indian companies which are only listed abroad, to disinvest their holdings through either American Depository Receipts (ADRs) or Global Depository Receipts (GDRs). The Finance Ministry has extended ...
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