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RANGACHARY COMMITTEE
Central Board of Direct Taxes allows tax concessions to IT companies that have shifted to SEZsAn instruction issued by the board stating that there is no bar on transfer of manpower to SEZ units added to the confusion in the industry.- IT companies like Infosys, HP face fresh tax claims over deductionsA government clarification last year saved IT companies from additional tax demands, but that hasn’t deterred the taxman.
- Government frames ‘safe harbour’ rules for MNCs, move to end rising transfer pricing disputesThe govt on Wednesday announced draft rules under which income-tax authorities will not question the pricing of related party transactions.
- Govt issues draft 'safe harbour' norms for multinational firmsThe government today came out with draft 'safe harbour' norms for deciding on transfer pricing liabilities with an aim to reduce litigation...
- IT industry raises service tax, TDS issues with Shome panelThe committee, headed by the adviser to FM Parthasarthy Shome, was set up by the government last month to address tax-related issues that a...
- Rangachary panel report on taxation of IT sector made publicRangachary Committee has recommended that the profit split method (PSM), which leads to higher taxation, should be used with extreme "care ...
- Relief to IT sector: CBDT withdraws controversial circular, amends anotherCBDT withdrew the circular relating to Profit Split Method (PSM) as a preferred mode for computation of tax liability and modified another ...
- PM asks Revenue Dept to make Rangachary report publicPrime Minister Manmohan Singh has asked Finance Ministry to make public the Rangachary Committee report on taxation of the IT sector.
- Taxman calls on Microsoft India for understating incomeIT department reportedly sent notice to Microsoft seeking details of its income from Indian operations for four years beginning with the 20...
- Central Board of Direct Taxes lays out rules for captive R&D centresThe Central Board of Direct Taxes has laid down conditions for a development centre in India to be treated as a contract R&D service provid...
- CBDT streamlines taxation rules for IT sectorCBDT today issued circulars to streamline the taxation rules in line with the recommendations of the Rangachary Committee.
- Budget 2013 raises IT-BPO industry's hope on tax clarity""Budget 2013 has been disappointing for the IT-BPO sector,"" said Pradeep Udhas, partner, IT & ITES, KPMG India.
- Budget 2013: Clarity on tax issues related to R&D centres in IT soon"We have issued a circular covering IT sector exports and will shortly issue a circular covering development centres," FM said in his Budge...
- Tax rules to be relaxed for IT sector, move to attract more business from MNCsThe govt is on course to make tax rules easier for the $70-bn IT industry to make India a much more attractive destination for software dev...
- Nath meets PM over proposals related to relief for exportersWith finance minister P Chidambaram giving exporters the cold shoulder in the Budget-apart from the meagre sops for select sectors-commerce...
- 'RBI should allow commodities trading in futures mkt'The task force on plantation sector chaired by N Rangachari recommended RBI should allow trading in the futures market.
- Pension reforms for unorganised sector likelyFinance Minister Jaswant Singh is likely to trigger off pension reforms for the unorganised sector in this Budget by exempting tax on a sta...
- IRDA for tax sops on pension, policyholders surplusVoicing the concerns of insurers, the Insurance Regulatory and Development Authority has asked the government to reduce tax rate on policy-...
- Hike in motor premium soonThe much-awaited hike in the motor premium will come into effect from June 1. The new motor policy regime will have a variable rate of prem...
- Motor insurance rejig sees bonus fall sharplyTHE MOTOR insurance policy is being simplified and rationalised to reduce the no-claim discount and integrate the claims history of the pol...
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