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Showing posts from June 28, 2018

BSE SME aims to list 300 firms by Dec

BSE SME aims to list 300 firms by Dec The BSE SME Platform hopes to list 300 companies on its platform by December this year, a senior exchange official said. “As on today 254 SMEs are listed on BSE SME platform having a market capitalisation of Rs 21,000 crore. Nearly 46 companies have filed for listing, of which 20 SMEs have received approvals and we hope that 300 SMEs will get listed on our platform by December 2018,” BSE SME head Ajay Thakur told PTI on the sidelines of panel discussion on ‘International MSME day’ on Wednesday. The Mint, 28th June 2018, New Delhi

'PoeM' firms to be taxed at 40%

'PoeM' firms to be taxed at 40% Foriegn companies whose place of effective control are in India will have to shell out 40 per cent corpopration tax against 30 per cent levied on domestic firms. The Central Board of Direct Taxes has come out with clarifications for place of effective management (PoeM) through a notification for these Companies. Through PoeM, the goverment taxes companies located outside the country but controlled from India. It applies to companies having annual turnover of more than Rs. 500 million. The Business Standard, 28th June 2018, New Delhi