CBDT circular issued last month had raised multiple taxation concerns.
Even domestic income can be subjected to scrutiny by the taxman.
The RBI holds its next policy meeting in early June.
Undisclosed foreign assets and funds worth Rs 350 crore detected; these are separate entities from those featured in Panama Leaks and Paradise Papers
Spanish prosecutors have won a series of cases against high profile footballers and coaches for tax fraud in recent years, including Lionel Messi, Cristiano Ronaldo and Jose Mourinho.
Mauritius and Singapore account for the bulk of the $278 billion in foreign equity investments since 2000
IBM, Nokia Oyj, Microsoft cases could now be resolved
Foreign companies see a "lot of turnaround" in India and a "lot of positive attitude" is building towards it, says CII.
The rules will affect Indian companies that take most decisions about their foreign subsidiaries.
India Inc on Saturday cheered the road map for lowering corporate taxation.
Government is mulling higher taxes for the rich to help it fund welfare programmes and bring down fiscal deficit. Do you think it is a right thing to do?
The coming Union Budget might give relief to foreign portfolio investors from taxation on indirect transfers.
No new capacity addition is planned for 2018 and capital expenditure plans are on hold
The revenue department had sent notices to FIIs demanding 20 per cent MAT
Tightening the norms, Income Tax (I-T) Department has introduced a new column seeking details of foreign assets in the Income Tax Return (ITR) forms for the 2012-13 assessment year.
Taxing SoftBank, the largest shareholder in Flipkart with a little over 20 per cent stake, however, will be easier.
Authorities have put forward a tax demand of Rs 2,080 crore.
Now, funds from Mauritius interested in India will have to weigh paying capital gains taxes that could range from zero to as much as 20 per cent
Finance Minister Nirmala Sitharaman on Friday hiked tax on petrol and diesel, raised import duty on gold, levied additional surcharge on super rich and brought a tax on high value cash withdrawals as she sought to spur growth with reduction in corporate tax and sops to housing sector, startups and electric vehicles.
Mauritius is biggest route for investment into India.
The Supreme Court had ruled in Vodafone's favour in 2012.
"Mr Robert Vadra not only renovated the aforesaid property at 12 Bryanston Square, London through Sumit Chadha but also stayed in the same," it said.
India is crucial for Nokia's attempt to hold on to global market share.
Mechanism for non-resident service providers made stricter.
NRIs can repatriate the proceeds from the sale of a residential property in India, provided they meet a few conditions.
Joe Biden, seeking a second term in the White House, stumbled in his first televised presidential debate with his predecessor Donald Trump, setting off alarm bells among top Democrats about whether the incumbent President can stay atop in the gruelling months ahead of the elections.
The government appears serious about its intent to do away with the sore points in the taxation laws.
The 90-day compliance window has been provided for people to pay tax and penalty of 60 per cent on undisclosed overseas assets and come clean.
The department found various expatriates were acting as business heads for Indian operations and certain employees were actively involved in concluding sales for the foreign entities of GE in India.
To decide whether capital gains on surrender of call options are taxable
The Central Board of Direct Taxes has sought a clear definition of the term 'permanent establishment' for assessment of tax payable by foreign entities in India. Currently, the Act defines a 'permanent establishment' as a fixed place of business.
Tax evasion needs to be made a serious 'criminal offence' to force foreign countries to reveal names and account details of Indians stashing illicit wealth abroad, the Special Investigation Team on black money has said.
In its effort to unearth black money stashed away abroad, India has received data on over 24,000 instances of alleged tax evasion and dubious funds which has been detected in foreign shores in the last financial year.
Nearly 100 foreign funds have been asked to cough up an estimated $5-6 bn.
Taxpayers will have to disclose all bank accounts held by them in India.
Over the last two years, despite an amnesty scheme, only about Rs 2,500 crore of taxes have been recovered.
Is India headed there again? questions Ajit Balakrishnan
The Union home ministry on Thursday recommended a Central Bureau of Investigation probe into the affairs of the Indian arm of the global NGO Oxfam for alleged violation of the Foreign Contribution (Regulation) Act, sources said.
Among the Sensex firms, Larsen & Toubro, UltraTech Cement, JSW Steel, Titan, Bajaj Finance, Wipro, Tech Mahindra and Nestle were the major laggards. Maruti, Power Grid, Axis Bank, State Bank of India, NTPC, HDFC Bank, ITC and IndusInd Bank were the gainers.
Overseas bourses may take similar action and stop providing data on foreign indices and commodities traded in India, Ashish Chauhan, chief executive officer, BSE said.
