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INDIAN TAXMAN POWERS
Tighter regime proposed: FCRA Bill seeks custodian for NGO assetsA new bill proposes safeguarding foreign-funded assets when NGO registrations lapse or cease. Revised rules link registration to specific p...- Mauritius tax protocol to give Indian taxman more powers to probe offshore entitiesMauritius cabinet ratified a tax protocol granting Indian officials more questioning powers. This allows direct challenges to offshore enti...
- Wake up, smell their coffee: What India needs to do to allay concerns of fleeing foreign investorsThe complexity of India's tax framework is causing hesitation among foreign investors, with recent capital outflows underscoring this issue...
- Sebi offers a way over FPI tax rule hurdleIn a bid to streamline tax compliance, India's markets regulator Sebi is actively negotiating with the CBDT, the country’s tax authority. T...
- Vodafone's $3 billion tax victory against India shows the perils of state overreachModi’s government didn’t invent the capricious Indian state, but it hasn’t lessened uncertainty or cut red tape. Neither for small startups...
- Fearing taxman, many companies are getting tax planning done before raising funds abroadThe possibilities include listing some of their Indian entities or creating a holding structure outside India. These companies and their ta...
- New compounding guidelines worries expat directors of MNC subsidiariesEarlier, cos could get away with “compounding”, wherein they would pay additional taxes to avoid legal issues.
- I-T recovers Rs 1.64 crore cash, Mont Blanc pens worth Rs 50L after raids on retired UP IAS officerThe taxman had swooped down on a dozen premises linked to 1979-batch Indian Administrative Service officer Net Ram.
- Income tax department to crackdown on TDS defaults; e-retail portals, panchayats in focusThe CBDT has directed its assessing officers to undertake at least 30 surveys or on-spot checks, as part of its Central Action Plan (CAP) 2...
- A defining feature of India's economy has just fallen prey to the beauty of GSTGST has a built-in incentive to comply: that is the beauty of the tax. Compliance means revealing input purchases and sales. That reveals i...
- Watch out! FPIs may rush to stock up to avail treaty tax benefitsThe amended treaty says that FPI investments in India held before April 2017 can still avail treaty benefits, which they call 'Grandfatheri...
- Money Trail: 12 things to know if you have money stashed in accounts abroadThese tough posers from the taxman will make the offshore account-holders’ head spin.
- Sunday ET: Tax issues: How Apple, Google & Microsoft are grappling with Indian authoritiesThe world’s largest technology companies have all faced criticism over their global tax practices. Back home too, tech heavyweights are gra...
- GAAR: Guard against arbitrary action by taxmen, run its invocation past a juryGaar guidelines must ensure that such discretion is not used in an arbitrary manner. An independent jury should vet proposal to invoke Gaar...
- GAAR hits shares of Mauritius-based funds like India Infoline, Edelweiss, Cox & KingsIt is feared that many Mauritius-based investors will not be in a position to gain from the exemption as per GAAR & may dump Indian shares.
- Vodafone verdict: Need for extensive change in tax lawsVodafone verdict calls for extensive change in tax laws. The ruling is a setback not only for India's fight against tax havens but also for...
- ICC must pay income taxCricket has become a money spinner for cash-rich ICC. So, there is simply no reason why ICC should not contribute to the tax kitty.
- New tax code hits bureaucratic wallThe new direct tax code is up against a bureaucratic wall with the Indian Revenue Service (IRS) brigade complaining that it will reduce thi...
- NRI status: Aishwarya under I-T lensThe actress has been dragged to court against her claim that her Miss World income of £50,000 was non-taxable as she was an NRI. Movie Revi...
- Dollar plunging below critical levelThose wealthy Indians, who stashed away dollars without FM's knowledge, weep copious tears because the taxman is having the last laugh. Jum...
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