Under the amended treaty with Mauritius, for two years beginning April 1, 2017, capital gains tax will be imposed at 50 per cent of the prevailing domestic rate.
Last Saturday, USL board asked its Chairman Vijay Mallya to quit.
Goods like chocolates, chewing gum, shampoo, deodorant, shoe polish, detergents, nutrition drinks and marble will now attract 18% GST>
It should cover mandatory expenses, insurance premiums and loan installments for six months to a year.
The development is expected to pave way for greater transfer pricing cooperation between the two countries, enhance investment flow
Jaitley sets condition of 50% assets for applicability of capital gain tax.
An estimated $344 billion has been illegally removed from the Indian economy between 2002 and 2011
Despite a temporary relief, foreign investors still see the sword of double-taxation hanging above their hard earned returns.
This gains importance in the backdrop of speculation on a second term for Raghuram Rajan.
A summary of sports events and persons who made news on Thursday.
In a lawsuit filed through national plaintiffs' law firm Lieff Cabraser Heimann & Bernstein, LLP (Lieff Cabraser), Indian national Suraj Kamath on Wednesday charged that Bosch unjustly enriched itself by requiring all of its non-US citizens employees to pay to Bosch federal and state tax refunds the employees had received while working in the US.
Top management of firms should be summoned for a few specified reasons and after written justification at a senior level.
As per Indian tax laws, bonus in kind paid to the employees could be considered as salary income in the hands of the employees.
Finance Minister Arun Jaitley takes a protectionist stance in favour of domestic companies, increases customs duty on certain products.
Despite difficult working conditions, Indians are still seeking jobs in Gulf countries
TRAI said that Internet service providers would not be allowed to discriminate on pricing of data access for different web services.
The new 10 per cent dividend tax will be payable only on dividend income over and above Rs 10 lakh threshold in a year, according to an amendment to the Finance Bill 2016 approved by Lok Sabha.
The agency did not seek a reappointment in FY12.
The tax dept has served notices on about 36 foreign investors.
The argument that existing rules do not apply to them will no longer hold ground.
Criterion for corporates will effectively rule out entry for business houses.
The Board rued that its efforts to resolve the concerns of the founders - who together own about 12.75 per cent stake in Infosys - over the course of a year through a dialogue have not been successful.
'The army has stopped short of exerting the sort of influence it may have done historically.' 'It is comfortable with its relations with the civilian government as the superior partner.'
Telecom Commission approves high base price of Rs 11,485 cr per Mhz for 700-Mhz frequency; no decision taken on proposed standard spectrum usage charges of 4.5%
Top companies in China are valued at 7.7 times the trailing 12-month earnings against a P/E ratio of 18.6 times for Nifty 50 companies.
Two case studies on how one can use the exemption method or the credit route
Outsourcing firm iGate has been slapped with class action lawsuit in the US for alleged violations of federal securities laws in view of its sacked CEO Phaneesh Murthy's "improper relationship" with a subordinate employee.
Penalties for undisclosed foreign income and assets extend up to 300%.
Gamification has the potential to trigger immediate positive responses to learning that an organisation wishes to impart.
These plans aren't likely to put substantial cash in your hands.
The 2015 World Bank group's Doing Business index ranked India at 142, down from 140, which it was the year before.
Read this and rest assured you can be on your own against venture capitalists and angel investors
Experts say only three per cent individuals pay taxes.
Do not declare them under Income Tax.
But it will be a giant leap for America when all can serve freely in the US Armed Forces, Major Kamaljeet Singh Kalsi tells Suman Guha Mozumder about the Pentagon's relaxing of rules on religious wear
Neha Manglik, the only female CAT topper this year tells us how she did it.
The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.
Judge Srikanth 'Sri' Srinivasan is the front-runner to replace the late Justice Anthony Scalia on the US Supreme Court.
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