Browse Tag

News - Page 7

Equalisation Levy is going to create a huge problem for startups

by
January 2, 2017
···
[Source: www.forbesindia.com] Tax lawyer Nishith Desai believes the Equalisation Levy, also known as ‘Google Tax’, will have important repercussions for the Indian startup ecosystem As part of the continuing opposition from industry bodies to the ‘Equalisation Levy’ that came into effect earlier this year, the Internet and Mobile Association of India (IAMAI) and law firm Nishith Desai Associates, in a

Corporate Laws: Recent News Snippets

August 27, 2009
MCA plans system in 2 months to detect fraud in early stages According to an official of the ministry of corporate affairs, who did not wish to be identified, a seven-member internal committee headed by an additional secretary of the ministry of corporate affairs (MCA) has been working to evolve
Read More

Direct Taxes: Recent News Snippets

August 26, 2009
New Draft Direct Taxes Code released As promised by the finance minister in his Budget Day speech in July, the New Draft Direct Taxes Code was released for public discussion on August 12. The stated intent is to fulfil the long-standing and ambitious plan of simplifying the country’s complex direct
Read More

Clarity on LLP tax issue only next year

June 16, 2009
·
Corporate Affairs Minister Salman Khursheed has said, contrary to expectation, the Budget will not address the taxation issue related to limited liability partnerships (LLPs). The issue will be clarified only next year, he added. “It is too short a time for us to sort out the issue, but it is
Read More

Tax commissioners worldwide join hands to tackle evasion

June 4, 2009
Tax authorities from around the world have agreed on a new co-operation plan to encourage compliance and to counter evasion and abusive avoidance, with special focus on wealthy individuals and offshore activities. The pact comes at a time when governments, facing soaring budget deficits, seek to combat the global economic
Read More

Service tax on commercial rentals to go

April 22, 2009
In a major respite for retailers and businesses, the Delhi high court has struck down levy of service tax on renting of immovable property as "unconstitutional". The Delhi HC decision came on April 18, 2009, in a combined order while deciding on 26 writ petitions filed by petitioners from across
Read More

Tax is considerably above the global average

April 9, 2009
Yes, corporate tax rate in India is considerably above the global average. The average tax rate globally stands at 25.9% in 2008 while that of India stands at 33.9%. This figure includes a 10% surcharge and a 3% education cess. In other words, corporate tax rate in India is almost
Read More
1 … 5 6 7 8 9
GoUp