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TAXATION 2013
FCNR(B): Revisiting a proven crisis management toolFacing renewed external sector pressures, the RBI has revived a version of the FCNR(B) deposit framework to attract foreign currency inflow...
Banks court wealthy Indian diaspora in $50 billion deposit driveIndian banks are launching a global campaign to attract over $50 billion in deposits from the diaspora. This initiative aims to strengthen ...
Private sector banks are the best contrarian bet for the next 3 years, says S NarenICICI Prudential AMC CIO S Naren warned that rising leverage through derivatives and margin trading poses a bigger risk than any slowdown i...
India needs to remove tax friction for more FDIIndia is looking to boost foreign investment by reforming its tax system. Recent proposals aim to simplify taxes on foreign holdings. The c...
Bond won't help this time: Why RBI should hike interest rate, instead of unleashing forex mobilisation schemes as in the pastReserve Bank of India's past emergency tools for raising foreign currency are no longer effective. Global interest rates have changed the f...
India explores steps to mobilise dollar inflows as rupee slides, sources sayIndia's central bank is actively seeking methods to attract dollar inflows. This move aims to bolster foreign exchange reserves and stabili...
F1 returning to India? Here's the latest update from Sports MinisterIndia is actively working to bring Formula 1 back by 2027, with the Sports Minister confident about a race at the Buddh International Circu...
Foreign investors looking for certainty of tax regime: Sanjay Kapadia, E&Y'There was clearly uncertainty whether that Mauritius route was really closed down and the tax administration will be after the Mauritius b...
Budget 2013 tax impact: Chidambaram gives with one hand, takes with otherWhether your income is one rupee more than Rs 5 lakh or 2,500 rupees more, you will take home the same amount.
Budget 2013: Software royalty raised to a king's ransomImport of software and technology services will become more expensive. And litigation around these areas is likely to increase.
Budget 2013 raises IT-BPO industry's hope on tax clarity""Budget 2013 has been disappointing for the IT-BPO sector,"" said Pradeep Udhas, partner, IT & ITES, KPMG India.
Budget 2013: Film exhibition will be exempted from service taxFM has proposed to keep movie exhibitions in cinema halls out of service tax net. This clarity will help movie makers and cinema halls.
Budget 2013: Parity in taxation for non-resident investors in IDFs"I propose to provide parity in taxation between an IDF- Mutual Fund that distributes income and an IDF-NBFC that pays interest", FM said i...
Budget 2013: How to broaden the tax baseThere is evidence to suggest that the fruits of economic growth have percolated down to second and third tier cities, giving rise to a new ...
Budget 2013: FM should relook at SMEs' taxationThe Small Medium and Micro industries are fidgeting in anxiety after having seen some tough times in the past few years.
Budget 2013: Avoid double taxation of income from transfer of qualifying asset in shipping, says FICCIAny profits or gains arising from transfer of a qualifying asset are chargeable to income-tax as capital gains.
Budget 2013: Rangarajan for surcharge on income of super richHis suggestion comes ahead of the Budget for 2013-14 for which Finance Minister P Chidambaram has started consultations with different inte...