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About 99 results for "foreign tax credit"

I-T dept detects Rs 19,000 cr black money

Govt detects Rs 19,447 cr in undisclosed foreign accounts: Jai...

The Income Tax department has detected Rs 19,447 crore of credit in undisclosed foreign accounts including HSBC, Finance Minister Arun Jaitley informed the Lok Sabha on Friday. He said information on 628 Indian persons holding bank accounts in HSBC bank in ... Deccan Herald, 2 days ago

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GST positive for India's credit profile, will boost tax compliance: Moody's

GST to bring down overall cost of compliance; make India more attractive for foreign investors
 Business Standard3 weeks ago GST will boost revenue, positive for Indian credit profile: Moody's  Sify3 weeks ago GST may not raise revenues 'significantly' in next few years: Fitch Ratings  Sify2 months ago GST to be 'biggest achievement' of Modi government: Assocham  catchnews.com2 months ago

Claiming foreign tax credit remains cumbersome

One of the ways to eliminate such double taxation is by claiming credit for the taxes paid overseas
 Business Standard4 weeks ago

GST narrows ambit of duty credit scrip use by exporters

Implementation of the Goods and Services Tax has limited the use of duty credit scrips by exporters as these can now be utilised only for payment of basic Customs duty and not IGST. These scrips, a type of certificates that carry certain monetary value, are ...
 Business Standard3 weeks ago 'Allow wider utilisation of duty credit scrips by exporters'  Business Standard2 weeks ago GST impact: 12% rate takes a toll on seafood exporters' margins  Business Standard1 week ago

Tax relief to foreign-going seafarers

The Government of India has now provided a major tax relief to the non-resident seafarers working on the foreign-going ships. As per the circular no 13 of 2017, the Central Board of Direct Taxes, Ministry of Finance clarified that the salary accrued to a ...
 Deccan Herald1 month ago

Wall Street Week Ahead: Small-cap rally could shrink on earnings, tax reform hurdles

By Caroline Valetkevitch NEW YORK (Reuters) - Optimism is souring around small-cap stocks for some investors, with a host of factors conspiring to up-end gains that have taken them to record highs. Small-caps, which led the market's rally just after the Nov.
 Sify2 days ago

Small, medium firms will be more competitive with GST: Assocham

New Delhi: The Goods and Services Tax (GST) will boost the competitiveness of micro, small and medium enterprises (MSMEs), the Associated Chambers of Commerce and Industry of India (Assocham) said on Sunday, citing its report on the unified pan-India indirect ...
 Sify2 weeks ago GST: Promise and pitfalls  Rediff.com1 month ago

RBI to suck out Rs 10k crore from markets

Close on the heels of foreign exchange reserves swelling by $4 billion (Rs 33,580 crore), the Reserve Bank of India (RBI) has decided to suck out liquidity from the economy, by conducting sale of government securities under Open Market Operations (OMO) for an ...
 Deccan Herald2 weeks ago

GST to boost GDP; positive for rating: Moody's

Implementation of the GST will be positive for India's rating as it will lead to higher GDP growth and increased tax revenues, Moody's Investors Service said today. "Over the medium term, we expect that the GST will contribute to productivity gains and higher ...
 Business Standard3 weeks ago GST to boost GDP, will be positive for India's rating: Moody's  Rediff.com3 weeks ago

GST dictionary: Demystifying the new tax terms

Know what terms like anti-profiteering, CGST, SGST, IGST mean in the new regime Any benefit by way of reduction in rate of tax or increase in input tax credit arising due to introduction of GST shall be passed on to the customers (through reduction in sale price) by way of commensurate reduction in prices. Casual taxable person: A person who occasionally supplies goods and/or services in a state where he has no fixed place of business. Central GST, State GST: CGST is levied on intrastate ...
 Rediff.com3 weeks ago
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