Page 23 - Taxation

The interests of the Revenue

Private sector must be a partner of the Revenue, not an enemy

Surcharge hike may stop overseas fund managers from shifting to India

Several fund professionals based in India could also relocate to other jurisdictions, resulting in a brain drain

Abuse of RPTs continues to pose serious governance challenges in boardroom

The value of transactions with the potential for RPT conflicts exceeded Rs 2.8 trillion in 2018-19

Govt to consider grandfathering 20% tax on share buybacks already underway

Finance Secretary Subhash Chandra Garg said the proposed tax on listed companies is aimed at discouraging share buybacks and encouraging investments

Investors may find it hard to dodge India's plan to tax the super rich

The government has maintained that it is not specifically targeting overseas investors and that the increase in surcharge applies to individuals and entities

Finance ministry may look into tax regime of employee stock ownership plan

The heart of the matter here is that whether stock options should be taxed only when the employee sells them and not again at time of vesting

No targeting of FPIs; higher tax on all super-rich: Finance Ministry

Sitharaman had in the Budget proposed to increase the surcharge, charged on top of the applicable income tax rate for the super-rich

Google, Facebook made Rs 10,000 crore; paid Rs 200 crore as tax in India

Modi government plans to bring companies that derive revenues from Indian users but pay taxes elsewhere into the corporate tax net

Global tax rules may increase litigation between authorities and investors

Also, whenever it clashes with the domestic norms to check tax avoidance, called the GAAR, higher chances are that the former may prevail even as the latter is more clearly defined

Getting cashbacks for online transactions? You may be liable to pay tax

They are treated as gifts now; could be taxed if value exceeds Rs 50,000 in a year

Tax forgone is not a loss of revenue

For promoting export, small-scale industry, education, health care and giving subsidies for the poor and the middle class in transport, exemptions are necessary

New norms for taxing MNCs: Why amending rules on profit attribution matters

MNCs with business operations in India should review the implications of the recommendations on their business models, as well as consider any risk of double taxation

CBDT's taxation proposal to hit loss-making foreign companies: Experts

According to proposals for companies with global losses or global profit margin of less than 2 per cent, the Indian profits would be deemed to be 2 per cent of the revenue or turnover

Govt panel submits report on taxing profits of foreign companies

On profit attribution, the report states that profits derived from India need to be defined objectively

How taxation skews share buyback by a company over dividend payout

The Income-tax Act, 1961 (the Act), provides for different tax treatment both for share buyback and dividend payout

RIP, tax terrorism?

In the new system, one assumes that no specific tax officer will be responsible for the refunds.

Reader's corner: Taxation

The primary distinction between NRO and NRE account is the taxability and repatriability

Tax department sends notices to Wakf boards for not paying service tax, GST

Although the income of the Wakf boards is exempt from income tax, it is not the case with regard to GST and the erstwhile service tax levy

Interim Budget 2019: Using technology to increase tax base and reduce rates

With electronic filings and tax administrations in India, there has been a fundamental shift from quantity to quality

Resolve angel tax issue being faced by start-ups: Prabhu to Jaitley

The issue assumes significance as several start-ups and angel investors have raised concerns over notices received from income tax authorities