The deduction for inter-corporate dividends for companies choosing the 22% tax rate, as authorized by the Income Tax Act of 1961, has been removed in the Income Tax Bill 2025. Under Section 80M of the present income tax law, Indian companies are allowed to deduct dividends received from domestic or foreign companies, as well as … Read more
NEW DELHI: India Inc‘s foreign borrowings fell by over 47 per cent in August this year to USD 1.75 billion, data from the Reserve Bank showed on Monday. The domestic companies had borrowed a total of USD 3.32 billion from overseas markets in August 2019, by way of external commercial borrowings (ECBs). Of the total … Read more
MUMBAI: India Inc‘s borrowing from foreign market slipped over 81 per cent to USD 1.02 billion in June this year, data from Reserve Bank of India (RBI) showed on Monday. The domestic companies had raised USD 5.40 billion from the overseas markets in June 2019. Of the total fund raised by the Indian companies, USD … Read more