Cii: Latest News and Updates, Top Stories, Videos, Photos About Cii

Central Board Of Direct Taxes Releases Cost Inflation Index For FY 2023-24

The Income Tax Department has notified the Cost Inflation Index for current financial year beginning April 2023, which is used in computing long-term capital gains tax arising from sale of immovable property, securities and jewellery as per The Hindu report. {image-income-tax-department-18-1479408705-11-1515692318.jpg ...

Uday Kotak Becomes CII President

On Wednesday, Veteran banker Uday Kotak has assumed office as the president of the Confederation of Indian Industry (CII) for the financial year 2020-21, the chamber said. The billionaire, who is the managing director and CEO of Kotak Mahindra Bank Limited, ...

CII Recommends Rs 15 Lakh Crores Package

An immediate substantive stimulus is required from the Government in the form of support to the poor and support to industry especially the MSMEs, the Confederation of Indian Industries (CII) has said. "With economic activities being restricted for over 50 days ...

Revenues May Fall 40% For The Current Quarter: CII CEO Survey

Revenues of a majority of the firms (65%) is expected to fall more than 40% in the current quarter (Apr-Jun 2020), according to a CII CEOs Snap Poll on Impact of COVID-19 on Economy and Industry. The lockdown brought economic activity ...

Movement Of Workers And Raw Materials Key Hurdles In Restart Of Businesses: CII Survey

While state governments have mostly clearly communicated restart guidelines to businesses, firms are facing hurdles in movement of workers and raw materials in commencing operations. These are the findings of a nation-wide survey conducted by the Confederation of Indian Industry (CII). ...

Budget 2020: CII Wants Convergence Of All Corporate Tax Rates To 15%

The Confederation of Indian Industry (CII) has urged the central government to converge multiple corporate tax rates to 15 percent by April 2023 without any exemptions and make the announcement of such a roadmap in the upcoming Budget to facilitate investment ...

CII Pursues Simpler GST Procedures in Budget

The industry association CII (Confederation of Indian Industry) said today that it seeks redressal of issues around Goods and Services Tax (GST) compliance in relation to the filing of returns, matching the invoices and getting timely input tax credit. The association ...

Immovable Asset As Gift From Specific Relatives Not Taxable For Recipient

Immovable asset such as a property received from some of the specified relatives including mother is not taxable in the hands of a receiver. Nonetheless these transactions are subject to some other levies and fees such as stamp duty implications. ...

Swamy for doing away with the system of collecting income tax

BJP leader Subramanian Swamy on Saturday urged the Centre to do away with the system of collecting income tax and instead find out other means to raise money to the exchequer. The revenue earned through the collection of income tax ...

Industrial output soars to 19-month high of 4.7% in May

Driven by improved performance of the manufacturing sector, industrial production growth soared to 19-month high of 4.7 percent in May raising hopes of a sustained recovery. The factory output number has remained in positive territory for second month in a ...

Trade bodies welcome government focus on aviation infrastructure

Trade bodies today welcomed government's focus on developing aviation infrastructure including no-frill airports, with one of them suggesting that most new airports in non-metro cities should be developed in a similar way. In their pre-budget expectations, they also asked the ...

Move to streamline industrial licensing to help new players

Industry body CII has welcomed the government's move to streamline the industrial licensing process for defence equipment, saying it would bring more clarity to the procedures and encourage new entrants into the sector. Stating that the Indian defence industry is ...

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