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About 99 results for "foreign tax credit"

Indian MNCs under MAT set for higher tax outgo
Business Standard

Indian MNCs under MAT set for higher tax outgo

Budget provision intends to restrict MAT credit available on foreign tax credits Ashley Coutinho | Mumbai February 3, 2017 Last Updated at 21:36 IST The Union Budget has introduced a provision that intends to restrict the minimum alternate tax (MAT) credit ... Business Standard, 3 weeks ago

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Rediff.com

CBDT shelves proposal to tax India-dedicated funds

CBDT circular issued last month had raised multiple taxation concerns.  Foreign portfolio investors can now breathe easy, with the income-Tax department on Tuesday keeping in abeyance its controversial circular on taxing India-dedicated funds. Experts said clarity was necessary on the issue at the earliest so that FPIs were certain. They expect the finance ministry to amend the law in the Budget to put an end to the controversy. The circular, in the form of frequently asked questions ...
 Rediff.com1 month ago
Mathrubhumi

Major highlights of Budget 2017

New Delhi: Reduction in tax rates, cap on donations to political parties and abolition of Foreign Investment Promotion Board (FIPB) were some of the major announcements of the Union Budget 2017-18 presented by Finance Minister Arun Jaitley in parliament on ...
 Mathrubhumi3 weeks ago Budget: A delicate balancing act with rural push  Rediff.com3 weeks ago Budget 2017 Highlights: Lower income taxes, Rs 2000 cash donation cap for political parties and more  Sify3 weeks ago Budget 2017: Highlights - India unveils budget for recovery and the poor after cash crunch  Sify3 weeks ago
Sify

Trump's tax cuts may pressure U.S.'s top credit rating - Fitch

By John Geddie LONDON (Reuters) - U.S. President-elect Donald Trump's plans to slash taxes could threaten the country's triple-A credit rating over the medium term, the head of EMEA sovereign ratings at the Fitch agency said on Thursday. "We do see increasing ...
 Sify1 month ago

Budget ups public spending, halves basic tax rate

In a pre-poll Budget aimed at softening the demonetisation blow, Finance Minister Arun Jaitley today halved the basic income tax rate to 5 per cent and lowered rate for small companies while boosting spending on rural employment, agriculture and ...
 Deccan Herald3 weeks ago Budget softens demonetisation blow, Income Tax slashed by 5%  Deccan Herald3 weeks ago
Sify

Banks to report cash payments, credit card bills of Rs 1 lakh to I-T

In yet another measure related to the recent demonetisation, the government has asked banks to report deposits in any account aggregating Rs 10 lakh in a year, as well as cash payments of Rs 1 lakh or more on credit card bills. Banks to report to I-T on ...
 Sify1 month ago Your cash deposits, credit card bills now under I-T scanner  Rediff.com1 month ago

Comprehensive Analysis of the Income Tax Proposals of the Finance Act, 2017

When the NDA Government took power in 2014, it immediately raised hopes of a more business friendly government. Hopes of tax cuts, less governance, simplification of tax structures, unleashing the animal spirits in business. Mr. Jaitley always spoke of ...
 Trak.in2 weeks ago Analysts hail tax certainty in Budget, rue high corp tax rates  Deccan Herald3 weeks ago
Rediff.com

Jaitley gives big push to Digital India; no tax on PoS machines

  In a move to push digital payments, the government on Wednesday removed all duties on devices used in the process of cashless transactions like point of sales machines, finger print readers etc. Finance Minister Arun Jaitley said in his budget speech, “To promote cashless transactions, I propose to exempt basic custom duties, excise duties, countervailing duties, special additional duty on miniaturised card readers and mPOS micro atms standards for version 1.5.1, finger print ...
 Rediff.com3 weeks ago
Rediff.com

Govt wisens up, plugs holes in 2nd black money scheme

The PMGKY will not allow declarants to use claims made for refunds for advance taxes paid, tax deducted at source and tax collected under the scheme. Illustration: Uttam Ghosh/Rediff.com. Unlike its first variant, the second edition of the government's hidden income disclosure scheme, the Pradhan Mantri Garib Kalyan Yojana, will not allow declarants to use claims made for refunds for advance taxes paid, tax deducted at source and tax collected under the scheme.  This was stated on ...
 Rediff.com1 month ago

Fgn a/c, property, bullion can't be disclosed under PMGKY

Drawing a line for disclosure under the new tax evasion amnesty scheme, the government today said only unaccounted domestic cash holding can be declared through it and not jewellery, stocks, immovable property or overseas accounts. Under the Pradhan Mantri ...
 Deccan Herald1 month ago
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