PVX is the EPC contractor of Thai Binh 2 Thermal Power project, one of the key national projects that are running behind schedule. Many former leaders of PVX such as former chairman Trinh Xuan Thanh and former general director Vu Duc Thuan were imprisoned for wrongdoings at this project. PVX is still the general contractor on paper. However, chairman of the Board of Directors of Vietnam Oil and Gas Group (PetroVietnam) said that the group is directly taking part in, directing, and operating all issues. … [Read more...] about BUSINESS NEWS HEADLINES TODAY
When selling a business how to determine the price
In many districts in Can Tho City, An Giang, and Dong Thap provinces, the price of material pangasius fish was at VND18,000-VND18,500 per kilogram, about VND12,000 per kilogram lower than that in the same period last year. Pangasius farmers have suffered a loss of VND5,000-VND6,000 per kilogram of commercial pangasius fish as the selling price was below the cost price. Since mid-2019, due to the impacts of the African swine fever, many farming households have switched to poultry farming, including raising ducks for eggs. Currently, the price of duck eggs was at VND13,000-VND14,000 per ten eggs. This price level was VND2,000-VND3,000 per ten eggs higher compared to last week but still VND4,000-VND5,000 per ten eggs compared to the previous price level. … [Read more...] about Prices of pangasius fish, poultry eggs in Mekong Delta continue to decline
“Spot gold of 24 karat in Delhi was trading up by ₹75 with rupee depreciation,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said. … [Read more...] about Gold prices rise ₹75, silver gains ₹147
In June, in the aftermath of the murder of nine people at a black church in Charleston, S.C., Walmart removed all Confederate flag merchandise from its stores and from its website. Third-party vendors can no longer sell the merchandise through the company. It’s banned on the retail giant’s website as well. (RELATED: Walmart, Sears And eBay Remove Confederate Flag Merchandise) … [Read more...] about Walmart Won’t Sell Rebel Mascot Class Ring To Poor Family But Sells 17 CHE GUEVARA POSTERS
I bought a flat for Rs 2.42 lakh in 1989. Now I am selling it for Rs 49 lakh. I am a senior citizen. How do I calculate the tax to be paid on capital gains? Is there any way I can save or reduce the tax?Shubham Agrawal Senior Taxation Advisor, TaxFile.in replies: You need to be aware of the fair market value of your flat as on 1 April 2001. The value needs to be multiplied by the CII of 2019-20 or the year of sale. This will be the cost price. This cost price needs to be subtracted from the selling price (Rs 49 lakh) along with transfer expenses and cost of improvement (if any) to arrive at the capital gains. You may invest the capital gains amount or Rs 50 lakh, whichever is lower, in Section 54EC bonds within six months from the date of sale to avail exemption from capital gains tax on sale of flat. The bonds have a minimum lock-in of 5 years and the interest is taxable. If you do not reinvest the capital gains, you have to pay tax at 20.8% of the capital gain amount. I have been … [Read more...] about I am selling a flat I bought in 1989. How should I calculate capital gain tax?