Direct tax collections post a shortfall of 12.2%Direct tax collections declined to Rs 10.27 lakh crore in the year ended March 31, falling 12.2% short of target, people familiar with the ...
Mauritius advantage for FPIs will be lost now: TP OstwalMauritius should not fall in this category but they have not taken necessary steps to prevent money laundering through that country, says t...
DHFL jumps 3% on reports NHB found no deviation in booksThe shares of DHFL opened at Rs 134 on BSE against its previous closing of Rs 127.95.
NHB completes inspection of DHFL’s booksA consortium of 33 lenders,led by Union Bank of India, is said to have given clean chit to DHFL.
DHFL zooms 20% after auditor report on Cobrapost allegationsDHFL is required to monitor post disbursal end use of funds by the borrowers.
Here is how you can save on taxes: TP Ostwal"All the deductions are given on the basis of savings and therefore saving oriented deductions are available."
Last date for e-filing of tax audit extendedThe last date for e-filing of tax audit report by companies has been extended to October 31, from September 30.
Shell India says tax order contrary to FM'S FDI drive; to challenge stronglyLeading Supreme Court lawyer and tax expert Harish Salve has been approached by Shell to evaluate options for challenging the order.
- Finmin, CBDT told to amend transfer pricing norms
India’s TP rules currently cover cross-border transactions between related parties, such as the Indian arm of a foreign company and its ove...
- Debt need not be established as ‘bad’ for tax deduction: SC
Corporates and banks will not have to establish a debt as a ‘bad debt’ in order to claim tax deduction, according to a recent Supreme Court...
- Foreign arms of Indian cos under tax net likely
The forthcoming budget may contain provisions for taxing the undistributed dividend of foreign corporations that are controlled or owned by...
- Surety for loan by foreign arm to attract tax here
An Indian company that provides a bank guarantee (BG) against a loan taken by a subsidiary abroad will now have to pay tax here for standin...
- Officials hearing transfer pricing cases kept out of dispute panel
To ensure impartiality in adjudication of transfer pricing disputes, the CBDT has decided that commissioners associated with transfer prici...
- Transfer pricing regime to cover all Rs 5 cr-plus deals
All cross-border transactions worth Rs 5 crore or more will come under the scrutiny of the transfer pricing regime, even if there is no pri...
- Mumbai CA in Forbes top tax pros list
Mumbai-based CA, Tilokchand Punamchand Ostwal, has figured in the Tax Business 50 power list for '06.
- Payment by shares to acquire knowhow eligible for tax sops
Payment by issue of shares, for the purpose of acquiring know-how, is eligible for tax deduction, according to a ruling by Income-Tax Appel...
- Cell to keep tabs on transfer pricing
Foreign companies may need to take note as the transfer pricing regime begins in India.