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HDIL to pay tax on Rs 350 cr additional income14-SEP-09
Real estate developer HDIL has agreed to pay tax on additional income of Rs 350 crore following raids by the revenue department, the company said in a statement today, denying it had done any wrong.
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.
Web Excl: Analysis of Report Card on implementation of Kelkar Committee04-JUL-09
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.
Corporate India worried on unclear tax laws and regulations on IFRS19-APR-09
A vast majority of senior finance executives in corporate India are concerned about unclear tax laws and unclear regulations on International Financial Reporting Standards (IFRS), according to a survey by global audit firm Ernst & Young to gauge India Inc’s readiness to IFRS adoption.
High taxes in Russia make Imperial buy costly for OVL01-JAN-09
ONGC Videsh Ltd (OVL), the overseas investment arm of India’s largest oil producer Oil and Natural Gas Corporation (ONGC), has bought UK-based Imperial Energy, which has oil producing assets in
Experts demand simpler tax laws13-DEC-08
Frequent amendments of Income Tax Act, coupled with complicated tax laws were some of the issues to be addressed in tax compliance, said experts at the two-day National tax conference organised by the
ICAI to teach African, West Asian tax laws23-SEP-08
The Institute of Chartered Accountants of India (ICAI) will soon offer an international course for students in Africa and West Asia. The curriculum will include local laws, particularly tax laws.
TDS on salary paid by third party03-DEC-07
Expatriate employees who are deputed to work in India may receive salaries and allowances partly from their employers abroad and partly from employers in India.
Corporates lure CAs with fatter salaries08-JAN-07
The demand for chartered accountants (CAs) in the corporate world has shot up with stringent income tax laws which require compulsory maintenance of accounts by specified categories of taxpayers.
India has most burdensome tax laws, finds PwC study08-NOV-06
India is home to the most burdensome tax administration, as measured by the number of pages of central tax laws, among the worlds top 20 economies, a new study has revealed.
Exporters in a tizzy over new tax laws07-AUG-06
Since the introduction of the Fringe Benefit Tax, opinion had taken roots amongst businesses that the finance minister is not hesitant to cause enough unproductive administrative work and harassment
NTT to take up pending tax cases of high courts04-JAN-06
The government today paved the way for faster disposal of tax cases following notification of the national tax tribunal act, which was cleared by Parliament in Winter Session.
Modi promises to plug holes in Bihar tax laws29-DEC-05
Tax reform and investment in infrastructure are high on the agenda of the National Democratic Front (NDA) government in Bihar," said Deputy Chief Minister Sushil Kumar Modi. Modi also holds the
Credit on paying duty07-DEC-05
We are setting up a new small-scale unit. We have already received some capital goods on which excise duty has been paid and the necessary duty paying document is also available with us.
Separate tax laws sought for sailors22-JUN-05
The shipping ministry is likely to seek a separate tax legislation for Indian seafarers. This is because a more conducive tax regime is driving seafarers towards foreign shipping companies.
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