MNCs under I-T lens over Esops allotted to staff in IndiaThe tax department is questioning the Indian arms of multinationals on withholding tax when they make such payments to their parents. In mo...
31 May, 2022, 05.16 PM IST
Foreign investors from Mauritius likely to keep taxman at bayOne such attempt by the Income tax (I-T) department to lift the 'corporate veil' was struck down this week by a court which ruled that the ...
20 May, 2022, 07.43 AM IST
Transactions involving royalty, tech fee taxable under I-T not liable for equalisation levy: BudgetThe Union Budget clarified that transactions taxable under income-tax are not liable for equalisation levy. In the past, there have been co...
01 Feb, 2021, 09.21 PM IST
Here's how startup founders, tech leaders reacted to Budget 2021India's startup founders and tech executives gave big thumbs up to Union Budget 2021-22 presented by Finance Minister Nirmala Sitharaman on...
01 Feb, 2021, 06.45 PM IST
Taxing Google, Amazon: India’s equalization levy suffers from ambiguities on applicabilityThe first instalment of EL 2.0 was due on 7 July 2020. The stakeholders expected the government to defer the levy for some time, considerin...
03 Aug, 2020, 12.31 PM IST
ITAT wants Volkswagen to pay taxes for a six-year-old deal with Nicolas CageSix years later a tax tribunal has ruled that the payment of $440,000 by Volkswagen Finance, a Volkswagen arm in India, for the celebrity a...
23 Mar, 2020, 08.47 AM IST
FM delivered all expected tax changes, but LTCG : Shefali Goradia, Deloitte IndiaDDT has been removed but it is going to be included in the income of the shareholder. That was always the anticipation. It does benefit tha...
01 Feb, 2020, 08.27 PM IST
FPIs, PE funds get notices from AARMany PE funds and FPIs that had invested in India through Mauritius and Singapore had got a grandfathering benefit whereby they were allowe...
22 Jan, 2020, 08.41 AM IST
Rules tweaked to get offshore fund managers to move to IndiaIn May, a handful of funds had passed the strict requirements under section 9A.
07 Jul, 2019, 11.22 AM IST
Budget 2017: Government arms tax officers with sweeping powers for searches and surveysJunior tax officers can now conduct an inquiry in a case where no proceeding is pending, without getting sanction from a higher authority.
02 Feb, 2017, 11.18 AM IST
Budget 2014: Scoring on policy announcements, falling short on tax reforms, says Shefali Goradia, CitigroupBudget has scored on policy announcements but has fallen short of expectations on the tax reforms front.
11 Jul, 2014, 06.21 AM IST
- Breather for investment routed from Mauritius; tax residency certificate adequate to avail benefits
India-Mauritius tax treaty says capital gains made on investments in India can only be taxed in the island nation.
25 Jul, 2012, 06.34 AM IST
Budget 2012: Amending the Income Tax act retrospectively is unfair, says Shefali Goradia, BMR AdvisorsThe government's move to amend the IT Act with retrospective effect from 1962 to cover overseas mergers and acquisitions is unfair.
19 Mar, 2012, 03.23 PM IST
- Budget 2012: FM's new rules on sharp tax practices to increase disputes
A parliamentary committee on DTC recommended removing arbitrary powers of tax officers while invoking Gaar to avoid litigation. The budget ...
17 Mar, 2012, 03.09 AM IST
- Govt to tighten rules for MNCs shifting profits to arms to escape tax
MNCs and transnational cos enter into a series of transactions to move funds to their arms in tax havens and other jurisdictions where the ...
28 Feb, 2011, 01.35 AM IST
- Rights issues, preferential allotments may come into tax net
Companies going for rights issues, share sale to strategic investors, or stock rejig among group firms may face new hurdles if the taxman c...
26 Mar, 2010, 04.41 AM IST
- MNC income from services rendered abroad in tax net
No clarification on composite contracts may result in further litigation.
02 Mar, 2007, 02.35 PM IST