SEARCHED FOR:WITHHOLDING TAX
MNCs fear equalisation levy on inter-group transactions
The government recently expanded the scope of the equalisation levy – imposed on cross-border digital transactions in 2016 in a bid to tax internet giants' digital advertising revenues from India --to include any purchase by an Indian or India-based entity through an overseas e-commerce platform, with effect from April 1.
Govt extends validity of lower withholding tax orders by 3 months till June due to COVID-19
The Central Board of Direct Taxes (CBDT) in its o...
FM proposes to cut withholding tax to boost listing of bonds at IFSC exchange
The move will attract more international investors at IFSC exch...
View: How countries can cope with the 'other' global digital divide
While it is making the world seamless, which countries should tax revenues arising from digital sales, sale of data and advertisement revenues is causing significant rifts. Nowhere is this tussle more evident than in the taxation of the digital economy.
AAR order on Tiger Global to spur taxmen to assess location of 'head and brain' of an entity:Experts
The AAR, in its ruling, said the investment was routed through the Mauritius entity only to benefit from the India-Mauritius tax treaty while the 'head and brain' of the company was in the US.
Flipkart investor’s stake sale a bid to avoid tax: Authority of Advance Ruling
The AAR Mumbai bench’s decision means other investments that were routed through Mauritius too could come under the scrutiny of tax authorities in India if the investors seek to claim benefits under the grandfathering clause. This clause allows investors to seek tax exemption on investments made prior to 2016.
Real reason why Uber moved in: To simplify tax math
Earlier this month, Uber restructured and moved its entire India business – which partially operated from Netherlands under Uber BV – to the India-domiciled Uber India Systems. This is Uber’s first such restructuring since 2014.
Govt should utilise IFSC platform to support export industry: Officials
To support the export industry amid a difficult economic scenario, the government has been requested to utilise IFSC platform at the GIFT City to enable various international financial services at competitive cost.
View: COVID-19 crisis presents a 100-year chance to shake up debt and taxes
Corporate rescue this time may involve a rewriting of accounting rules to encourage deleveraging.
HC junks cognizant plea challenging Rs 2,912 crore tax claim
The court dismissed a batch of petitions filed by the software services company and directed it to seek redress from appellate courts under relevant I-T laws.
Government notifies withholding tax waiver for masala bonds
The interest would be exempt on rupee denominated bond issued outside India during the period from September 17, 2018, to March 31, 2019, the Finance Ministry said in a statement.
No taxes payable by GMR on Male airport contract compensation: Maldives
This announcement brings a major relief to GMR Group as it doesn't need to pay over USD 20 million now.
Tax law panel may look to drop dividend distribution tax (DDT)
Abolition of securities transaction tax (STT) to eliminate double taxation may also be on the cards, as Budget 2018 introduced tax on long-term capital gains exceeding Rs 1 lakh on sale of listed securities.
Government moves to arrest Re depreciation to have limited impact: Report
A report by the pvt sector lender states that the steps announced could end up increasing short-term debt.
View: A reformative effort; needed clarity on PSBs, NBFC reforms
We applaud the budget’s focus on monetisation of govt’s infrastructure assets, breaking up of long-standing monopolies of govt companies, strengthening of debt markets, digital platforms, improved governance and continued tax reforms. However, we would have liked to see a clear direction on public sector bank recapitalisation and NBFC reforms.