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Companies may end up paying more taxes13-AUG-09
The draft Direct Taxes Code that proposes to reduce the rate of corporate tax to 25 per cent from about 30 per cent may have overhauled the taxation structure and rates for companies, but experts see that in real terms companies may end up paying more corporate tax.
Web Excl - Dividend distribution tax: An anomaly unresolved04-JUL-09
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.
Law column: Territorial nexus for services rendered by foreign law firms in India05-JAN-09
In a recent ruling, the Hon’ble High Court of Bombay (HC), in case of Clifford Chance, UK (CC) ruled that the professional fees charged for the service provided by the foreign law firm is not
Are penalties mandatory or discretionary? Apex court's view13-NOV-08
The recent Supreme Court decision rendered in the case of Union of India vs Dharamendra Textile Processor (2008-TIOL-192-SC-CX-LB) has held that proving of bonafide by the taxpayer is not a
Aseem Chawla: No capital gains tax on undertaking transfer under a scheme of arrangement10-OCT-08
In the recent ruling, the Mumbai Income Tax Appellate Tribunal (‘ITAT’), in case of Avaya Global Connect Ltd* (‘Avaya’) ruled that the taxpayer should not be taxed on the
  
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