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INDIRECT TRANSFER CIRCULAR
ET Prime Special Series: Multibagger or IBC - Part 57: Forging firm that supplies Tata, M&M, JCB. Nobody talks about it enoughFor over four decades, one company has been making crankshafts quietly and precisely, supplying customers from Tata Motors to Liebherr to M...
ESOPs exempt from GST, barring where foreign companies charge additional amountThe Central Board of Indirect Taxes and Customs (CBIC) clarified that multinational companies offering Employee Stock Purchase Plans (ESPPs...
NSE cracks down on margin funding from NBFCs, move may hit volumesAs a result, Sebi’s peak margin restrictions, which came into effect from December 1, did not see any impact on volumes of both the cash an...
Relief for PE, pension funds from multiple taxationCBDT said these rules will not apply to investment made by non-residents through the multilayer structure if the fund’s income is already c...
Indirect transfer: FIIs get tax relief for April 11-March 15 periodThe Finance Bill 2017 approved with 40 amendments to different laws, exempts FIIs for "an assessment year commencing on or after April 1, 2...
Many foreign investors reach out to tax experts about indirect transfer of shares provisionsThe issue around indirect transfer of shares was rekindled by CBDT in December when it issued a clarification talking about specific situat...
Around 900 FPIs still face risk of up to 40% tax on global share dealsThe leeway announced in the budget is available to only certain categories of investors, tax experts said.
Safe landing, no pain, all gain: FPIs exempted from transfer provisionsAll income arising from Indian assets or through the transfer of a capital asset situated in India was to be deemed to accrue or arise in I...
FPIs hail exemption from controversial tax lawOverseas fund managers had sought clarity on the Central Board of Direct Taxes (CBDT) notice that said FPIs would be subject to tax on indi...
Government proposes to exempt FPIs from indirect transfer provisionFinance Minister Arun Jaitley proposed that category I and II foreign portfolio investors (FPIs) should be exempted from taxation on indire...
Too little, too late: Clarification on CBDT step good, but FPI confidence shatteredForeign investors do not like surprises, more so when the government is trying to project India as the most sought-out investment destinati...
Relief for FPIs: Tax department circular on indirect transfer put on holdCBDT in Dec 2016, came out with a notification giving 19 illustrations with regard to how the indirect transfer regulations would kick in a...
I-T department clarifies, retro tax ghost won’t haunt foreign portfolio investorsFinance Minister had promised in his first Budget speech last year that no fresh action would be initiated for any transaction prior to 201...
India-focussed FPI costs all set to go northIf the shares of an Indian company held by a fund constitute more than 50% of its total assets, and the value of the holding exceeds Rs 10 ...
Remittance by NRIs fees to draw service taxThe board has said no service tax will be payable per se on the amount of foreign currency remitted to India from overseas.
Small equity buys, business recast may stay out of retrospective taxThe Partho Shome committee has suggested a high threshold for taxing indirect acquisitions of Indian assets in deals executed overseas.
Shome committee recommendations on GAAR being examined: Govt"The recommendations of the Committee are under examination by the Govt," Minister of State for Finance told.
CBDT may waive off interest, penalty on retrospective tax: ChidambaramCBDT is considering issuing a circular waiving interest & penalty on taxes cos may have to pay as a result of the controversial retrospecti...
- With the law clear on indirect transfer of assets, a new circular is avoidable
A few days after finance minister Pranab Mukherjee presented his Budget, the government of Mauritius put out a communique advising investor...
Tax provisions on indirect transfer of Indian companies must shed all ambiguityInvestor confidence is now riding high as far as India is concerned, appropriate amendments in the DTC will be of an added help.