| Transfer pricing provisions need to be liberalised | 27-JUL-09 |
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| The transfer pricing provisions (TP) are relatively new provisions leading to substantial differences between an assessee and the tax department. Broadly speaking, in principle, an international transaction between two associated enterprises should be made at Arm’s Length Price so that both the countries involved get proper share of profit in their respective jurisdiction. In other words, TP provisions are intended to curb any manipulation in international transactions resulting in the understatement of profits in any country. |
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| Expectations belied | 13-JUL-09 |
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| While the markets are not impressed, the Budget’s eyeing higher growth rates through infrastructure spending and by boosting consumption. |
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| Cement prices may soften in H2 | 09-JUL-09 |
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| After the cement prices remained firm during the first half of the year, backed by robust despatches, the commodity prices are set for a correction in a month’s time. |
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| Food security scheme: More worries for states | 09-JUL-09 |
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| The much-awaited announcement in the Union Budget 2009-10 to ensure entitlement of 25 kg rice or wheat per month at Rs 3 per kg to every family living below the poverty line (BPL) in rural and urban areas, has raised more questions than it sought to answer. |
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| Govt restores FBT burden on employees; cos to save on crores tax, admin hassles | 08-JUL-09 |
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| The proposed abolition of the fringe benefit tax (FBT) in the Union Budget 2009-10 is expected to help companies reduce their tax burden by crores of rupees and offset much of the burden from the 5 percentage points increase in the minimum alternate tax (MAT). Most companies, however, are more thrilled that it would save them from the tedious administrative process of maintaining a database of fringe benefits. |
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| Orissa interest ignored, says Naveen | 08-JUL-09 |
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| The Union budget of 2009-10 has ignored the interests of poor states like Orissa and the state would lose Rs 353.56 crore by way of assistance from the Centre in this fiscal, said Naveen Patnaik, the state chief minister. |
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| Advance tax limit hiked | 08-JUL-09 |
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| This financial year onwards, you won’t have to pay advance tax if your tax liability is less than Rs 10,000 annually. |
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| Govt to invest Rs 25k cr in PSUs via equity | 07-JUL-09 |
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| The government may have a paltry disinvestment target of Rs 1,120 crore, but it has committed to pumping in Rs 25,546 crore as equity in public sector entities during the current financial year. |
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| Govt hikes aviation sector allocation by 64% to Rs 12,000 cr | 07-JUL-09 |
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| The Government has raised the target of internal and extra budgetary resources(money which will be raised through loans by companies or through reinvestment of profits) which will be raised by public sector undertakings under the ministry of civil aviation by over 63.5 per cent from Rs 7320.06 crore in the revised estimates of 2008-09 to Rs 11974.76 crore in 2009-10
The cash will be used mostly to fund the aircraft acquisition program of the financially ailing National Aviation |
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