Indian Tax Provisions

The government says there's provision for locally assembling vehicles in India, which is the norm followed by several mainstream luxury carmakers in the country.

"The new provision is not intended to tax Indian citizens who are bonafide workers in other countries. In some section of the media, the new provision is being interpreted to create an impression that those Indians who are bonafide workers in other countries, including in Middle East, and who are not liable to tax in these countries will be taxed i...

The Finance Ministry has declined to share Swiss bank account details of Indians saying it is covered under "confidentiality provisions" of a tax treaty signed between India and Switzerland.

Recently, the Central Board of Direct Taxes (CBDT) has also modified an existing Bilateral Advance Pricing Agreement with another Indian subsidiary of a Japanese company to include rollback provisions, an official statement said.

Indian industry chambers raised concerns on the draft Goods and Services Tax (GST) law at a meeting here with Revenue Secretary Hasmukh Adhia, flagging issues like dual administrative control vested and wide discretionary powers for tax authorities.

India will have to renegotiate the tax treaty with Singapore to extend the capital gains tax provisions of the recently-concluded tax pact with Mauritius, Finance Minister Arun Jaitley said today.

As the Indian economy is showing a decline in average growth rate, there can be no better time for one to start having a look at the infrastructure sector with a more result-oriented focus.

British telecom giant Vodafone has decided against making a provision in its balance sheet for the over Rs 11,000 tax claim made by Indian authorities for its 2007 deal to acquire stake in Hutchison-Essar.

Indian Hotels Company, controlled by the Tata Group, reported a net loss for the July-September quarter as its operating costs and tax provisions surged, and the global economic uncertainty curbed spending on travel.

The world's second-largest mobile-phone operator is consulting on the need for a provision after an amendment by India's government to its tax law made the company potentially liable for the payment, Halford said.

Foreign investors have raised concerns on two recent Indian provisions to tax indirect investments and combat tax evasion.

A windfall for taxpayers from the next financial year. You will in fact have to pay less Direct taxes in every slab of income. This comes with the Cabinet clearing the Direct tax code.The much-awaited Direct Taxes Code (DTC) Bill is likely to be tabled in Parliament during the ongoing Monsoon session and thereafter it may be referred to a select co...

The government says there's provision for locally assembling vehicles in India, which is the norm followed by several mainstream luxury carmakers in the country.

"The new provision is not intended to tax Indian citizens who are bonafide workers in other countries. In some section of the media, the new provision is being interpreted to create an impression that those Indians who are bonafide workers in other countries, including in Middle East, and who are not liable to tax in these countries will be taxed i...

The Finance Ministry has declined to share Swiss bank account details of Indians saying it is covered under "confidentiality provisions" of a tax treaty signed between India and Switzerland.

Recently, the Central Board of Direct Taxes (CBDT) has also modified an existing Bilateral Advance Pricing Agreement with another Indian subsidiary of a Japanese company to include rollback provisions, an official statement said.

Indian industry chambers raised concerns on the draft Goods and Services Tax (GST) law at a meeting here with Revenue Secretary Hasmukh Adhia, flagging issues like dual administrative control vested and wide discretionary powers for tax authorities.

India will have to renegotiate the tax treaty with Singapore to extend the capital gains tax provisions of the recently-concluded tax pact with Mauritius, Finance Minister Arun Jaitley said today.

As the Indian economy is showing a decline in average growth rate, there can be no better time for one to start having a look at the infrastructure sector with a more result-oriented focus.

British telecom giant Vodafone has decided against making a provision in its balance sheet for the over Rs 11,000 tax claim made by Indian authorities for its 2007 deal to acquire stake in Hutchison-Essar.

Indian Hotels Company, controlled by the Tata Group, reported a net loss for the July-September quarter as its operating costs and tax provisions surged, and the global economic uncertainty curbed spending on travel.

The world's second-largest mobile-phone operator is consulting on the need for a provision after an amendment by India's government to its tax law made the company potentially liable for the payment, Halford said.

Foreign investors have raised concerns on two recent Indian provisions to tax indirect investments and combat tax evasion.

A windfall for taxpayers from the next financial year. You will in fact have to pay less Direct taxes in every slab of income. This comes with the Cabinet clearing the Direct tax code.The much-awaited Direct Taxes Code (DTC) Bill is likely to be tabled in Parliament during the ongoing Monsoon session and thereafter it may be referred to a select co...