If you are in the market to buy some gold this holiday season, it is important that you spend the next 2 minutes reading this simple guide.
International hoteliers operating in the country through sales agreements with Indian hotels can expect some relief after the Delhi High Court ruled on January 30 that income paid by the Indian partner to its foreign counterpart is exempt from tax since it cannot be considered royalty or technical fees. The ruling in favour of US-based Sheraton International Inc was in response to an appeal filed by the Income Tax Department challenging the service agreement.
Famous and long believed to be trusted Indian brands have wilted against foreign brands, says Mohan Guruswamy.
Cairn India is open to buying the 30 per cent stake that government-owned Oil and Natural Gas Corporation owns in its oil block in Rajasthan. Cairn India is the operator of the block, with 70 per cent ownership currently.
The government can auction 100 blocks that have been identified by the Geological Survey of India or exploration.
'Gone too soon, Astad, but I know whenever we meet in that world beyond, I will watch you dance.' Swarupa Dutt remembers a remarkable human being and a magnificent performer who left the world poorer when he passed into the ages on Thursday.
Indian and Finnish finance ministry officials on Tuesday discussed Nokia's Rs 21,153 crore (Rs 211.53 billion) tax dispute case and reviewed the double taxation avoidance agreement.
Ask Tapi Mra, the first Arunachalee to step on the top of the world last month, and he will vouch for it. Mra tried for a visa from the Chinese government as they charge much less royalty from a climber than the Nepalese counterpart.
High crude oil prices in 2008 have left the government richer by a few thousand crore rupees. In 2008-09, the government earned "windfall profits" from the petroleum sector as crude oil prices spiked, touching a high of $147 in July 2008.
We bring you latest in our ongoing series of #India-Photos. So, where do you want to go?
Income earned by foreign technical consultants for providing monitoring services to Indian entities will be taxed at higher rate as business profits, the Authority for Advance Ruling has said. Referring to the contract between the Australian company and GAIL, the AAR said that monitoring activities undertaken by the foreign company was not within the scope of the DTAA between Australia and India. The Australian firm was acting as a project monitoring consultant.
Tata Steel's domestic operations have been its cash cow.
National Knowledge Commission has recommended enactment of a legislation that would give universities and research institutions ownership and patent rights over inventions from government-funded research.
'As much as I appreciate this seamless show of computer graphics -- the gobsmacking detailing of its manufactured wildlife and landscapes -- there's something awkward about its authenticity.' 'Neither does it match the vigour of The Lion King's dramatic plot,' says Sukanya Verma.
Take a look at the Bollywood's beauty.
Wearing diamonds, jetting off to lunch and mingling with Hollywood royalty are all in a day's work for Mallika!
According to their tax returns released last week, in the seven years since Bill Clinton left the White House, the couple has earned $110 million - almost all of which came from the former US President's speaking assignments. Bill Clinton accounted for more than $80 million, thanks mainly to his hectic schedule of speeches, book royalties, deals with two businessmen, apart from his pension and investments.
Designer Zuhair Murad's elegant fashion parade was a delight to watch.
Designer Zahair Murad's elegant fashion parade was a delight to watch.
Yuvvraaj is a triumphant score from the maestro. For all its meticulous arrangement and old-world grandeur, it's essentially deep-rooted in timeless melody, which seldom disappoints.
Parliament in the Australian state of Queensland agreed on Tuesday that India's Adani Enterprises Ltd should be granted "all state government approvals" to build one of the world's biggest coal mines.
High-end label Judith Leiber is offering fashionistas a truly unique product for Ganeshotsav this year -- a crystal-studded Ganesha handbag that costs Rs 2,60,000!
CM Trivendra Singh Rawat cancels licences of the two government-controlled liquor shops in his constituency. The state government is facing an uphill task in opening new shops in face of widespread agitation by women.
While this is a global phenomenon, it is for the first time that the Indian Music Industry (IMI) is making an effort to stop this before it erodes the revenue stream of music companies like it is already happening in the software, gaming and the movie segments.
Dear brides-to-be and bridesmaids, amp up your glam quotient with these stunning outfits.
The film releases in North America on March 6.
Move by Swiss cement major Holcim to simplify its Indian structure has not gone down well with institutional investors.
'Young Osama was shocked by the government's use of massive military force against the rebels, and by the subsequent damage to the shrine,' says Yaroslav Trofimov, author of The Siege of Mecca.
Flimsy motives and dispensable characters ensure there's no hope for Tigmanshu Dhulia's disappointing drama, notes Sukanya Verma.
India's limited overs captain Mahendra Singh Dhoni, who remains a sought after personality in the endorsement world despite his retirement from Tests, has been duped by one of the many brands he endorses -- Spartan Sports -- of over Rs 20 crore. It has been reliably learnt that a three-year bat and sponsorship deal worth Rs 13 crore has gone sour with Australia-based Spartan Sports, a sporting gear and equipment company, regularly defaulting on payments. With the royalty clause on Dhoni's bat deal included, the owed amount goes well over Rs 20 crore.
Pharma major Nicholas Piramal India Ltd will develop and commercialise a select group of US-based Eli Lilly and Company's pre-clinical drug products that span multiple therapeutic areas.
Adani group's 16.5 billion dollar controversy-hit coal mine project in Australia has cleared another hurdle with Brisbane supreme court dismissing an appeal filed by indigenous group against the project.
CAG had in its previous reports slammed Oil Ministry and its technical arm DGH for not exercising enough control and vigil over KG-D6 block.
'I spoke to Maharani Padmini of Jaipur.' 'She said there was basically one problematic point in the trailer.'
Have you seen Janhvi Kapoor's photo album?
Government on Friday assured the Rajya Sabha that essential drugs would not come under the new patent regime and companies manufacturing patented drugs would not be closed down.
Under the existing provisions, non-residents' income from interests, royalties or fees for technical services is taxable in India; but, there must be sufficient territorial nexus between such income and the territory of India.
