I-T dept says corporate guarantees are given at a cost, move to upset companies eyeing cheap foreign assets.

TNMM is one of the five methods prescribed under transfer pricing rules of the I-T Act for computing income from cross-border transactions.

TAX is payable on import of all software , even if the sale does not involve exercise of copyright, according to a Delhi tax tribunal order...

Income tax dept has raised a demand of over Rs 11,000 crore on Vodafone on account of its $11-bn Hutchison Essar deal.

The 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...

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...

Services 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...

The amendments brought in the Finance Bill has empowered the Income-Tax (I-T) department to file about 12,000 appeals involving several tho...

The paraphernalia of power and status that go along with government jobs may be missing in private jobs, but this is adequately compensated...

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...

These companies account for about 90% of the market capitalisation of all listed companies on the bourses.

Luxury major in talks with Rohit Bal, Ritu Beri, Ritu Kumar For equity stakes and buyouts.

World’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...

Luxury product group LVMH names Vispi Patel as Group Director for India.

The tax treatment of foreign companies setting up BPO units is in focus again.

The Supreme Court will consider on Monday whether or not to admit a Special Leave Petition (SLP) filed by the income tax department challen...

UB chairman Vijay Mallya is revamping the top management structure of Kingfisher Airlines following the back-to-back exit of two expat COOs.