The Tribunal held that advances originating from bank cash-credit facilities secured by the shareholder’s personal assets are commercial transactions, not deemed dividend. The addition under section 2 ...

The Madras High Court held that an investment company’s interest disallowance under Section 36(1)(iii) was invalid as it followed a cash system of accounting. The Tribunal’s deletion of the addition ...

Sri Lanka’s rupee was quoted at 307.90/308.20 to the US dollar in the spot market Thursday, from 308.00/05 the previous day, ...

Sri Lanka will soon make a formal call to investors to develop the Port of Galle for tourism, Minister of Ports and Civil Aviation, Anura Karunathilaka said.

Vann’s concept now encompasses the recent purchase of 106 Tinker Street, the home next to the Lasher Funeral Home property. With that acquisition, she is readying a coordinated redevelopment plan that ...

A form of installment credit, personal loans must be repaid in regular increments over a set period, or term Personal loans can be an affordable alternative to credit cards, since they have lower ...