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VISPI PATEL
Textile major Arvind may take over French cosmetics retailer Sephora owned by LVMHLVMH has been scouting for a new partner and has most likely opted for Arvind Brands & Retail, a unit of Lalbhai's $1-billion Arvind.- CAs inherit quick wealth as the affluent fear Estate DutyEstate duty is known in many countries as the 'death tax'. In US, estate tax is imposed on the transfer of 'taxable estate' of a deceased p...
- Expert advice is not an excuse to avoid penalty for claiming false deductions: I-T tribunalAn income-tax tribunal has held that a company cannot avoid paying penalty for claiming false deduction on grounds that its claim was suppo...
- Govt plans to bring corporate guarantees under tax netI-T dept says corporate guarantees are given at a cost, move to upset companies eyeing cheap foreign assets.
- Different transfer pricing method no ground for penalty: Income Tax Appellate TribunalTNMM is one of the five methods prescribed under transfer pricing rules of the I-T Act for computing income from cross-border transactions.
- Tax payable on import of all software: Delhi ITATTAX is payable on import of all software , even if the sale does not involve exercise of copyright, according to a Delhi tax tribunal order...
- I-T dept raises Rs 11,000 cr tax demand on VodafoneIncome tax dept has raised a demand of over Rs 11,000 crore on Vodafone on account of its $11-bn Hutchison Essar deal.
- All payments to foreign companies need not be taxed: Delhi High CourtThe Delhi High Court has ruled that any liability to withhold tax would arise only if payments to overseas entities is liable to be taxed i...
- Debt need not be established as ‘bad’ for tax deduction: SCCorporates 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...
- Services rendered from outside India to be taxedServices rendered from outside India for use within the country will now come under the tax net, following the amendment to the I-T Act. In...
- HCs get back power to hear late I-T appealsThe amendments brought in the Finance Bill has empowered the Income-Tax (I-T) department to file about 12,000 appeals involving several tho...
- Recovery makes private sector jobs more attractive to I-T officersThe paraphernalia of power and status that go along with government jobs may be missing in private jobs, but this is adequately compensated...
- Surety for loan by foreign arm to attract tax hereAn 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...
- FBT abolition to help cos save over Rs 2k crThese companies account for about 90% of the market capitalisation of all listed companies on the bourses.
- LVMH to share ramp with Indian designersLuxury major in talks with Rohit Bal, Ritu Beri, Ritu Kumar For equity stakes and buyouts.
- LVMH's new luxury hubWorld’s largest luxury goods group’s funds head Daniel Piette and regional head Ravi Thakran are in India to identify firms to invest in an...
- LVMH names Vispi Patel as Group DirectorLuxury product group LVMH names Vispi Patel as Group Director for India.
- BPOs date with SC on tax soonThe tax treatment of foreign companies setting up BPO units is in focus again.
- SC to take up tax plea against Morgan's BPOThe Supreme Court will consider on Monday whether or not to admit a Special Leave Petition (SLP) filed by the income tax department challen...
- All aboard: Mallya rejigs Kingfisher brassUB chairman Vijay Mallya is revamping the top management structure of Kingfisher Airlines following the back-to-back exit of two expat COOs.
Load More- Govt plans to bring corporate guarantees under tax net
