“I note that the facts of the case prima facie show that there has been a massive falsification of the books of accounts of the company and that the company has been publishing false and manipulated financial statements showing inflated revenue/profitability,” Sebi Whole Time Member Ashwani Bhatia said in the order passed on Thursday.
Higher capital gains tax: Who benefits the most?
Excluding tax havens such as Hong Kong, Singapore and the UAE, India’s capital gains tax remains one of the lowest globally, especially as the amount