Redefining of FII & FDI!!
April 25, 2013A mere consolidated FDI policy seemed to have disappointed many of us. Nonetheless as announced by the Finance Minister P Chidambaram in this year’s budget, RBI is soon coming out with a discussion paper on redefining foreign institutional investor (FII) and foreign direct investment (FDI). While FM had stated that “where a investor has a stake […]
Revised Tolerance band for International as well as Domestic Transfer Pricing for AY 2013-14
NOTIFICATION NO. 30/2013 dated 15th April 2013 Determination of ALP in case of wholesale and other traders In exercise of the powers conferred by the second proviso to sub‐section (2) of section 92C of the Income Tax Act, 1961 (43 of 1961), the Central Government hereby notifies that where the variation between the arm’s length price determined under […]
India-Mauritius DTAA will it be renegotiated ever??
April 23, 2013Speaking to Economic Times, Finance Minister P Chidambaram said that the government has not made any progress in renegotiating a contentious tax treaty with Mauritius. He further added that the Mauritius team that visited India did not have the authority or were not inclined to show any flexibilty and went on to say that he is afraid it […]
What’s the Tax deduction rate that you will apply while making foreign remittances?? Should it be inclusive of Surcharge & E.Cess?
April 13, 2013Advertisement charges paid to “Google” & “Yahoo” is it taxable in India?????
April 12, 2013ITO vs. Right Florists Pvt Ltd (ITAT Kolkata)