Clues by Admin • 4 Apr 2018, Wednesday
A bench of the Madras High court has asked Cognizant Technology Solutions (CTS) to deposit Rs 420 crore, or 15% of the Rs 2,800 crore demanded by Income tax (I-T) authorities, in an escrow account over the next two days. The High court ... Continue Reading
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Clues by Admin • 28 Mar 2018, Wednesday
According to media reports, the Income Tax department has frozen some of the bank accounts of Cognizant Technology Solutions (CTS) for non payment of dividend distribution tax (DDT) worth Rs 2500 crores. Cognizant has approached the Chennai High Court for relief. ... Continue Reading
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Clues by Admin • 9 Mar 2018, Friday
Asset management companies are paying out liberal dividends in the equity mutual fund schemes. The finance minister, in the Union Budget, announced a 10% dividend distribution tax for equity oriented mutual funds from April 1, 2018. As per the current tax laws, dividend ... Continue Reading
Read More at The Economic Times

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