| Concept of tax residency redefined | 20-AUG-09 |
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| The canons of the Direct Tax Code (“Code”) as asserted by the Hon’ble Finance Minister Mr. Pranab Mukherjee are to modulate a stable, equitable and economically efficient tax system. In order to achieve the said objectives, the Code aims to simplify, amend and consolidate the existing direct tax legislation and also proposes to minimize the scope of litigation. |
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| Web Excl: Restoration of tax breaks on natural gas output | 07-JUL-09 |
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| Section 80-IB (9) of the Income Tax Act, 1961 (‘Act’) provides for a tax holiday to an undertaking engaged in commercial production of mineral oil or refining of mineral oil. Tax holiday is available for a period of 7 consecutive tax years, starting from the year in which the undertaking begins commercial production or refining of mineral oil. |
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| Web Excl - Dividend distribution tax: An anomaly unresolved | 04-JUL-09 |
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| Over the past two decades, India is being viewed as one of the premier destinations for the global foreign direct investments. These investments have been the major supplement of the growth story of the country, particularly in the areas of infrastructure, information technology and power. |
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| Web Excl: Analysis of Report Card on implementation of Kelkar Committee | 04-JUL-09 |
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| The Report of the Task Force on the Implementation of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003 (‘the Second Committee Report’) was presented in July 2004 and is popularly known as the Kelkar Committee Report. It aimed at reducing fiscal deficits within the country. |
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| Hunt for Satyam CEO, CFO on; 6-7 buyers line up | 29-JAN-09 |
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| The process of finalising a CEO and CFO for Satyam Computer Services is still on but Homi Khusrokhan, ex-MD of Tata Chemicals (now on the Satyam board) and ex-group finance director of the Murugappa Group Partho Datta, are not in the race for these two positions. |
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| IIFCL plans forex reserves SPV in London | 06-DEC-07 |
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| London has emerged as the most likely choice for setting up the overseas subsidiary of India Infrastructure Finance Corporation Ltd, a government-owned special purpose vehicle (SPV) that was set up |
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| NDTV consortium buys India Today out of FM | 05-JAN-06 |
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| Aroon Purie-promoted Living Media Group has exited FM radio business by divesting its entire holding in Red FM to a group of investors that includes NDTV News, promoted by Prannoy Roy.
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