If a privately held company issues its shares at a price more than its fair market value, the amount received in excess of the fair market value is taxable as income from other sources under Section 56 (2) (vii)(b) of the I-T Act.
Budget: The government has set a target of creating 1 lakh digital villages in the next five years with an aim to foster financial inclusion
A higher depreciation rate for these batteries can help higher adoption of these batteries, which can decrease dependence on diesel for power back-up, according to the telecom tower industry body. Accelerated depreciation is a method whereby an asset loses book value at a faster rate than the traditional straight-line method.
The number of telecom subscribers in the country stood at 1,183.51 million at the end of March 31, 2019, according to TRAI data.
The Telecom Regulatory Authority of India in October 2016 recommended imposing a total penalty of Rs 3,050 crore on Airtel, Vodafone, and Idea for allegedly denying interconnectivity to Jio
Vodafone India, Reliance Jio Infocomm, IDEA Cellular and Bharti Airtel are members of indsutry body COAI.
With the government due to present Interim Budget 2019 in Parliament on February 1, many analysts eye the key annual event for announcements related to the telecom sector.
The transaction is subject to the shareholders' approval of Bharti Telecom and the funds raised will be used towards debt reduction, Bharti Airtel said.
The TRAI envisions to become net become net positive in international trade of communication systems and services by 2022.
The budget doubled existing customs duties on imported lighters, perfumes, make-up, wrist watches, sunglasses, toys and gaming consoles.