subsidiaries of multi-national corporations (MNCs), tax analysts say that investors are eyeing similar steps by the authorities in other areas of dispute to allay their fears about uncertain tax policies in India. These relate to retrospective ... Business Standard India, 1 hour ago
A couple of days after Prime Minister Narendra Modi assured investors of removing uncertainty in tax policies, the government on Wednesday decided not to appeal in the transfer pricing case it lost to Vodafone in the Bombay High Court. The case ...Business Standard India, 12 hours ago
The finance ministry has proposed standards for disclosing and computing of income, for the purpose of levying tax on companies. The draft, among other matters, provide for recognising segment-wise income for works spread over a period of time. ...Smart Investor, 2 weeks ago
Of the 564 SEZs formally approved, only 192 were operational as of June this year. Special Economic Zones (SEZs) are likely to be central to realising Prime Minister Narendra Modi’s ambitious Make in India agenda. But the withdrawal of tax incentives has made SEZs an unattractive proposition, say industry experts. Under the original scheme, businesses in SEZs were exempted from the minimum alternate tax (MAT) on book profits and developers were exempted from payment of the ...Rediff.com, 1 month ago SEZs hobbled by taxes, infrastructure Business Standard India, 1 month ago
The Union finance ministry has asked field officers of the income tax department to not be adversarial to assessees, and to not send high-pitched demands without a proper basis. This advice, issued on Friday, came amid rising concerns expressed by many companies, including multinational corporations, in transfer pricing cases. “Supervisory officers have been directed to play a more proactive role in monitoring and guiding assessments towards ensuring high-pitched assessments without a ...Rediff.com, 2 months ago
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