the government will introduce some of its key provisions, such as General Anti-Avoidance Rules, in Budget 2012-13.
More relief is in store as the revised draft suggested a less taxing dispensation for triggering the General Anti-Avoidance Rule.
The overall market breadth was positive as 1,440 stocks advanced against 1,270 declining ones, out of 2,846 stocks traded on the BSE.
The government on Tuesday said it planned to introduce safeguards in the proposed General Anti Avoidance Rules to address the industry's concerns over misuse of the tax law provisions.
The government is studying suggestions on checking instances of double non-taxation and 'treaty shopping'
As many as 44 shareholders of Flipkart sold their holdings to Walmart. The income tax law requires the buyer to withhold tax while making payment to the sellers, in case they are not exempted from levy of capital gains tax.
The previous United Progressive Alliance government had undertaken some decisions, like introduction of retrospective tax amendments and GAAR, which had dented investor sentiments.
Foreign investors made a net investment of Rs 1.1 lakh crore in equities in 2014-15.
Market participants attributed the robust inflows to positive investor sentiment
Analysts expect the inflows to accelerate further.
India can attract significant FDI, says experts.
On the telecom sector, he demanded auctioning of more spectrum.
Minimum taxes on foreign portfolio investors have been removed.
Overseas investors witnessed net inflow of Rs 24,563 cr in Feb
While for the consumers, there is some gain and some pain, for India Inc, it's all about compliance, consolidation and parity
Foreign Direct Investment inflows from Mauritius have almost halved during April-January period of last fiscal to $4.11 billion on fears of impact of GAAR and possible re-negotiation of the tax avoidance treaty.
The Budget has relaxed a few safe harbour rules that aim to make it easier for fund managers overseeing offshore India-focused funds to relocate to the country.
A panel will draft direct tax legislation, keeping in mind the system in other countries, international best practices and economic needs of the country
FIIs fear short-term capital gains would give rise to tax uncertainty and make their operations difficult, reports Pavan Burugula from Mumbai.
Overseas funds have been spooked by several policy measures taken by the government in the past few years
A fundraising boom in the domestic market and tightening of the regulatory framework for overseas issues are responsible for this trend.
Even if a company does not invest, it will improve liquidity of banks.
A neutral Budget for media and entertainment sector.
Ahead of the Economic Survey, industry body Ficci today lowered its GDP growth forecast for the current fiscal, pegging India's economic expansion rate at 5.3 per cent compared to its 5.5 per cent previous estimate.
Amid tax treaty uncertainties, India's share of the number of investments made by global companies through Mauritius has almost halved in the past two years even as Africa's share has surged significantly.
Pitching for a non-adversarial tax environment, India Inc on Tuesday suggested reduction in tax rates on corporate as well as individuals to boost economic growth.
While the situation Sitharaman finds herself in may not be that good, how does it stack up against her three immediate predecessors Pranab Mukherjee, P Chidambaram and the late Arun Jaitley?
It accounted for over a third of foreign direct investment flows into India between 2000 and 2015
India is often viewed as an aggressive tax jurisdiction by domestic and overseas taxpayers, and making the charter as part of the Act may help restore confidence among taxpayers.
This time, the global appetite for risk is in favour of India.
Jaitley is expected to present a common man friendly Budget.
Mauritius wanted extension of the benefits limitation clause in India's treaty with Singapore, which we were quite willing to extend, for our price
Portfolio investors based out of the US and other countries with which India does not have favourable tax treaties will have to pay a 15 per cent tax on their derivative transactions, after the Budget decided to classify income from all foreign portfolio investment as capital gains.
The 50-share NSE Nifty was trading lower by 24 points.
Besides Budget, markets will be driven by global events and the outcome of assembly elections.
Common return for excise duty and service tax was envisaged when 119 services were taxed.
The behaviour of the foreign institutional investors is gauged from the numbers put out by the exchanges and regulators.
HUFs are not used for tax evasion but for tax avoidance/to save the tax within the four corners of the law. Experts say that there will be little or almost insignificant change in tax revenues.
Arun Jaitley said he would put the DTC Bill in cold storage.
Taxing SoftBank, the largest shareholder in Flipkart with a little over 20 per cent stake, however, will be easier.
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