Tax
17 June 2010
Tax
Tax
The revised discussion paper on the Direct Tax Code (DTC) released by the Ministry of Finance on 15 June has received positive feedback from industry players by further simplifying existing tax provision and incorporating key proposals made by stakeholders.
11 June 2010
Tax A recently negotiated settlement under the mutual agreement procedure (MAP) between the Indian and US tax authorities has favourably resolved transfer pricing disputes from 2004 and 05, according to reports.
Tax A recently negotiated settlement under the mutual agreement procedure (MAP) between the Indian and US tax authorities has favourably resolved transfer pricing disputes from 2004 and 05, according to reports.
21 May 2010
Tax The Delhi High Court stayed the recovery of service tax on rentals of immovable property, reaffirming its April 2009 decision after the Government had sought to impose the tax by amending the charging section under the Finance Act 2010.
Tax The Delhi High Court stayed the recovery of service tax on rentals of immovable property, reaffirming its April 2009 decision after the Government had sought to impose the tax by amending the charging section under the Finance Act 2010.
30 April 2010
Tax A raging tax controversy in respect of withholding tax on remittances to non-residents has been resolved after three March and April rulings of the Delhi High Court in the Van Oord case, its order in Maharishi Housing Development case and the latest ruling by the Special Bench of Tax Tribunal, all of which override the November 2009 Karnataka High Court decision in the Samsung case.
Tax A raging tax controversy in respect of withholding tax on remittances to non-residents has been resolved after three March and April rulings of the Delhi High Court in the Van Oord case, its order in Maharishi Housing Development case and the latest ruling by the Special Bench of Tax Tribunal, all of which override the November 2009 Karnataka High Court decision in the Samsung case.
07 April 2010
Tax The Authority for Advance Ruling (AAR) has reiterated that sharing of profits and not income would be the determining factor in finding the existence of an Association of Persons (AOR) for the purpose of taxation, while holding that a consortium cannot be treated as an AOR.
Tax The Authority for Advance Ruling (AAR) has reiterated that sharing of profits and not income would be the determining factor in finding the existence of an Association of Persons (AOR) for the purpose of taxation, while holding that a consortium cannot be treated as an AOR.