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Thursday, January 22, 2015

What about the Tax Reforms? Never to worry as American MNCs set to benefit as New Delhi and Washington finalise framework to resolve tax tangles! Palash Biswas

What about the Tax Reforms?

Never to  worry as American MNCs set to benefit as New Delhi and Washington finalise framework to resolve tax tangles!

Palash Biswas

What about the Tax Reforms?Never to  worry as American MNCs set to benefit as New Delhi and Washington finalise framework to resolve tax tangles!No transaction on foreign land would be taxable henceforth.By the way,the next session of India's parliament is likely to see "monumental" tax reform while fuel subsidies may be cut, Indian Finance Minister Arun Jaitley said on Thursday. Mind you,wooing global investors, Finance Minister Arun Jaitley on Thursday hinted at rationalising subsidies, rebuilding credibility of taxation structure and calling a joint session of Parliament to get the insurance bill passed if it is not cleared in the coming session.


You may celebrate the wild tango a full fledged entertainment all the way technically shifting the entire load of revenue deficit and fiscal deficit on the fractured shoulders of the masses and the total taxation against the HAVE class has to be forgone! It is the budget by the way.The budget will be presented at a time when retail inflation has softened to the 5% level, making it possible for the Reserve Bank of India (RBI) to reverse its tight monetary policy regime by cutting the policy rate by 0.25 percentage points. Meanwhile, the US economy has recovered ... N.R. Bhanumurthy, professor at the National Institute of Public Finance and Policy, said this budget will be the biggest opportunity for the government to prove that it is pro-reformsand pro-growth.Here it is.

All the neoliberal children are crying in chorus:If Mr Modi accelerates restructuring and reform, there is no reason why India should not overtake China within a few years to become the world's fastest-growing large economy.


Just it is the time as Indian sky and soil have been captured by United states of America,just before the so much so hyped arrival of US President Barack Obama, Prime Minister Narendra Modi, who swept to power in elections last May, is under pressure to deliver economic reforms that would transform the outlook for Asia's third largest economy. That puts the spotlight on the budget, due to be unveiled next month.

Mind you,Sources said American business heads are keen on hearing Modi's views on tax structure, land acquisition and rules and regulations for doing businesses in India, besides prospective big ticket reforms.

The corporate lawyer who stands with the protagonist of Bhopal Gas Tragedy,DOW Chemicals,however has enough killing instinct and multinational foreign money should not complain.Just see, apparently referring to the controversial retrospective taxation of the previous government that spooked global investors, Jaitley said one major challenge was to re-build credibility of Indian taxation structure. "I have publicly ... In my brief tenure as Defence Minister, I took some fast decisions and suddenly we had large Indian groups collaborating with foreign players in different sectors to make products in India," Jaitley said.


That is why,"This government had a mandate to act fast and we are moving at a rapid pace in that direction," Jaitley told CNBC's Andrew Ross Sorkin at the World Economic Forum in Davos, Switzerland.Jaitley also talked at a function hosted by a private TV channel 2 days ago of key legislative reforms which are already in place, though the Land Acquisition Ordinance is a political hot potato which can potentially derail the budget session. Jaitley is ... So what are the big ideas the budget can unveil that will lift the animal spirits of India Inc and the markets? ... To facilitate investment-led growth in manufacturing, Jaitley is likely to come up with some tax concessions for businesses participating in "Make in India" project.


Elimination of subsidies in India is not desirable. We need to rationalise the subsidies," he said on the sidelines of the World Economic Forum at Davos. He also said the government has a mandate to act fast and it is moving rapidly on reforms.In the course of his campaign for the 2014 Lok Sabha polls, Narendra Modi had taken on the Congress-led UPA government over policy paralysis and economic slowdown and had promised to lead India on the path of growth and development if his party was voted to .... Meanwhile, all eyes will be on the Budget that Jaitley is due to present in February, which will be the first full one of the present government and wherein a slew of big-bang reformannouncements and tax-relief for the common man is expected.

He added that big changes, such as the implementation of a harmonized goods and service tax (GST), were in the offing.So Jaitley is at pains to suggest that a lot of important "reform measures" are happening outside the budget. He cited 2 weeks ago as an example the ... So what are the big ideas the budget can unveil that will lift the animal spirits of India Inc and the markets? One theme which Jaitley has already clearly ... To facilitate investment-led growth in manufacturing, Jaitley is likely to come up with some tax concessions for businesses participating in "Make in India" project.


Indian Finance Minister Arun Jaitley


CNBC reports:

The introduction of a GST, held up for years by some of India's 29 states amid worries about a loss of business revenue, is seen as a potential game-changer by analysts. A harmonized GST is expected to simplify taxes and broaden the tax base, providing a powerful boost to an economy that has seen lackluster growth in recent years.

"We've had negotiations with the states, a constitutional amendment bill has been introduced in parliament and has been broadly welcomed, and in the coming session of parliament next month I hope to pass that bill," Jaitley said. "That's going to be one of the most monumental tax reforms in India since independence (in 1947)."

The International Monetary Fund on Tuesday forecast India's economy would grow 6.3 percent this year. It expects that number to climb to 6.5 percent in 2016, overtaking economic growth in China which is forecast at 6.3 percent.

http://www.cnbc.com/id/102358736



The impact should be noted as ET reports:

India and the US have finalised a framework to resolve transfer pricing cases, some of them pending for five years, in what could end tax trauma for more than 50 American multinationals such as Microsoft, IBM and Oracle by the fiscal year-end and send a strong signal to overseas investors that the Narendra Modi government is indeed committed to a nonadversarial tax regime. With President Barack Obama's arrival in India just days away, officials of the two countries are trying to hammer out agreements on various issues, some of which have been irritants for years.

Under the transfer pricing deal, both sides have also agreed to respect bilateral advance pricing arrangements (APAs) that would allow American companies to ascertain their tax liability in India beforehand, said a government official aware of the development. Tax authorities will be able to resolve as many as 50 of the nearly 200 pending cases before the end of the financial year. This could save companies thousands of crores of rupees in tax claims.





Jan 22 2015 : The Economic Times (Kolkata)

India, US to Untie Transfer Pricing Knot

Deepshikha Sikarwar

New Delhi:





American MNCs set to benefit as New Delhi and Washington finalise framework to resolve tax tangles

India and the US have finalised a framework to resolve transfer pricing cases, some of them pending for five years, in what could end tax trauma for more than 50 American multinationals such as Microsoft, IBM and Oracle by the fiscal year-end and send a strong signal to overseas investors that the Narendra Modi government is indeed committed to a nonadversarial tax regime. With President Barack Obama's arrival in India just days away, officials of the two countries are trying to hammer out agreements on various issues, some of which have been irritants for years.

Under the transfer pricing deal, both sides have also agreed to respect bilateral advance pricing arrangements (APAs) that would allow American companies to ascertain their tax liability in India beforehand, said a government official aware of the development. Tax authorities will be able to resolve as many as 50 of the nearly 200 pending cases before the end of the financial year. This could save companies thousands of crores of rupees in tax claims.

Transfer pricing relates to charges levied on each other by various entities belonging to one large company for services rendered. The issue has generated much heat in recent times with companies being slapped with stiff tax bills based on differing interpretations of transfer pricing rules.

Budget Feb 28, Session Starts from Feb 23

The budget ses sion of Parlia ment will begin on February 23 and the budget will be presented on February 28, a Saturday.The budget will be preceded by the Economic Survey on February 27 and Railway Budget on Feb 26.

A recent clarification issued to Foreign Portfolio Investors (FPIs) clarified that fund managers of FPIs who are present in India would not be treated as permanent establishments in India, addressing the concern that the FPIs may be taxable in India to the extent attributable to permanent establishments.  An extension of the clarifications to AIFs would encourage foreign funds to set up offices in India and help the growth of the industry in the country.  This will create local talent pools, which will help in attracting further PE / VC capital into the economy.

Permanent Establishment Issue

Fund managers of foreign investors (such as FPIs, FVCIs, etc.) remain outside India under the apprehension that their presence in India may have adverse tax consequences i.e. creation of a business connection / permanent establishment in India and offshore funds being regarded as tax resident in India. An amendment was made in Finance Act (No. 2) 2014 to provide that income arising to FPIs from transaction in securities will be treated as capital gains. However, the provisions of the Act have not been adequately amended to address the aforesaid apprehension of the fund managers, resulting in a large number of offshore funds choosing to locate their investment manager outside India.

By providing clarity on issues relating to business connection/ permanent establishment and residential status of offshore funds, India could benefit immensely since it would provide a sense of comfort to fund managers for choosing India as the base for investment managers.

Amend the Act (sections 6 and 9) to provide that management of offshore funds from India should not create a business connection/ permanent establishment of the offshore fund/ manager in India. Also, clarify that management of offshore funds in India would not result in the offshore fund being regarded as tax resident in India

GAAR

GAAR provisions have created significant uncertainty on whether offshore structures set up by PE funds for investing into India would be respected and treaty benefits granted, post 1 April 2015. Investments made before 30 August 2010 have been grandfathered from GAAR, however, structures which may erstwhile have been considered legitimate may get impacted.

Substantive investments have been made into India from Mauritius and Singapore based on the effective assurance that, on exit, no tax would be levied in accordance with relevant DTAA and a valid TRC – no tax exemption on exits after 1 April 2015 results in an unfair treatment on the stakeholders. Many countries do not apply GAAR where SAAR is applicable – it is a settled principle that, where a specific rule is available, a general rule does not apply.

GAAR should not apply to existing structures/arrangements which are legitimate as on 31 March 2015. GAAR should not be invoked in cases where the offshore investment vehicle holds a valid TRC and satisfies the conditions of the relevant DTAA for tax exemption on capital gains. GAAR should not be applied where SAAR is applicable. Objective criteria for invocation of GAAR should be notified for greater certainty.

Safe harbour for advisory entity in India

International transaction pertaining to advisory and support services provided by advisory entity in India to their overseas AEs is subject to transfer pricing. Typically, advisory entity in India charge their AEs for such services on a cost-plus mark-up basis; the mark-up ranges from 15% to 25%. Margin for such transaction assessed by the TPO currently varies from 35% to 106%.

As a rationale for change, upward adjustment to the margins by the TPOs lead to prolonged litigation. Income-tax Tribunals have deleted adjustments made by the TPOs and have restored the margin charged by the advisory entity in India. Certainty is required on the margin to be charged by the advisory entity in India to provide confidence to PE funds on the Indian tax system. It is understood that the APA authority has accepted a margin of 21% for advisory and support services.

Safe harbour margins in the range of 20% to 25% could be prescribed for advisory and support services provided by advisory entity in India, under Rule 10TD of IT Rules.

By Indian Private Equity and Venture Capital Association

http://www.financialexpress.com/article/markets/pre-budget-recommendations-on-offshore-funds/31968/




Laying the fiscal road map ahead of his first full- fledged Budget, he sought to assure investors at the ongoing World Economic Forum (WEF) that subsidies will not be completely eliminated but only rationalised to cut expenditure.


Speaking at two back-to-back events on the second day of his arrival here, Jaitley touched a variety of subjects ranging from the challenges facing the government, the need to make it easier to do business in India and to India's relations with the US and Russia.


"As far as LPG is concerned, the first subsidy reform has started this month. From January 1, all subsidies with regards to cooking gas, now goes directly to bank accounts....


"Next stage, we have to carve out families who are not entitled... Kerosene is used both as fuel and also in dark areas in India. But kerosene is also being misused in many areas. So the next area we intend tackling is kerosene," he added.


"Elimination of subsidies in India, a country where one-third of people are still living in poverty conditions, is not possible, its not even desirable... But we have to rationalise our subsidies," he said.


He was speaking to investors at a breakfast meeting organised by CII along with Boston Consulting Group and another session devoted to India at the WEF.


Racing against time to convert various Ordinances into law in the Parliament session that will be dominated by financial business, Jaitley expressed confidence that insurance bill will be passed in the Rajya Sabha because Congress is also in favour.


"If it is not approved, we will go for joint session of Parliament. If it is delayed beyond six months, we will go for joint session where we will have majority," he said.


Jaitley said there was also a law that if someone invests during the Ordinance period, it will be irreversible.


"So we want investors to come in straight away. Those who come in before March 31, they have a permanent entry," he said.


Apparently referring to the controversial retrospective taxation of the previous government that spooked global investors, Jaitley said one major challenge was to re-build credibility of Indian taxation structure.


"I have publicly said I am against adversarial taxation. Currently I am in the process of making Budget and I have seen that I have not earned a single rupee from all those contentious cases. All I have got is bad image and no money," he said.


He was obviously referring to the disputes over tax on Vodafone and other foreign companies which the Income Tax Department lost in courts.


The Finance Minister also made it clear that he was against high tax rates. "We are not a high-tax government. We believe in giving more money into the hands of consumers so that they can spend," he said.


Replying to a question on whether the Minimum Alternate Tax (MAT) will be lowered or withdrawn to boost manufacturing, Jaitley said he cannot do so unless manufacturing picks up or he gets more revenue.


He said the government has a road map to bring down fiscal deficit to three percent of the GDP over the next couple of years from this year's target of 4.1 percent.

Maintaining that there was a "lot of mess to clear up" left behind by the previous government, he said India had become an unstable if not an unreliable investment destination.


"The last government even brought retrospective changes to tax policy. That actually became a defining moment. Then there was this thing about we (Indians) wanting to buy from foreign companies but not allowing them to come even with 49 percent stake.


"So we have defined our policies now. In my brief tenure as Defence Minister, I took some fast decisions and suddenly we had large Indian groups collaborating with foreign players in different sectors to make products in India," Jaitley said.


About Indo-US relations, Jaitley said the ties have been largely stable over the last decade and half.


"The last NDA government had excellent relations with the US and the UPA continued to build on that. We have a matured relationship... We are expanding our areas of cooperation and narrowing the differences," he said.


On India's ties with Russia, the Minister said both sides have always been great friends.


"There is no contradiction in being friendly with different countries. Russia has stood by us in critical times and once we were very depended on Russia for our defence needs," Jaitley stressed.


Emphasising that steps are being taken to tackle corruption, he said the word 'corruption' has not even been whispered since the new government came to power.


Jaitley said corruption not only increases the cost of doing business but also hits the country's credibility.


Jaitley said that the last one decade was effectively spent in going round and round and decision-making was also going round and round.


"Now, if we look at the change the biggest criticism that this government is facing is of fast decisions as against do-nothing approach. The criticism is now why doing it so fast. I think that was needed to do so," he added.


Noting that India has a Prime Minister who is willing to take decisions, Jaitley said so far there has been no other politician in India who has been so much criticised and demonised but he has the capacity to stand out and take on criticism.


"Among various options you (investors) have got, you will never regret a decision to come and invest in India," Jaitley said and added that clean energy provides a huge opportunity.


"I have publicly said that I am pro-poor and pro-business. I don't see a contradiction between the two," the Finance Minister said.


Describing the Goods and Services Tax (GST) as the most important tax reform, he expressed hope that the bill in this regard would be cleared in the coming Parliament session.


According to Jaitley, Prime Minister Narendra Modi has brought in a new approach of governance, including in selection of ministers and not going by the traditional mindset of "not ruffling too many feathers".


The Union Finance Minister Arun Jaitley said that the Infrastructure Sectors such as coal, power and cement have been recording double digit growth in the last few months while growth in manufacturing sector is still patchy. He said that reviving manufacturing, diversifying its base and equipping it for robust long run expansion is one of the major challenges of our economic management. The Finance Minister, Jaitley was making the Opening Remarks during the Pre Budget Consultative Meeting with the representatives of Trade and Industry here today. He said that we still have lot of distance to cover. The Finance Minister said that ease of doing business is high priority for the Government. He said that we are working on a task given the Prime Minister to improve India's ranking on the ease of doing business index. He said that implementation of GST is expected to improve the tax administration regime and would help in bringing more transparency in the system and ensure smooth flow of goods. It will also help in better implementation and collection of taxes. He said that reforms measures undertaken by the present Government in coal sector, insurance and amendments in Land Acquisition Act etc will make a major difference in improving the Indian economy's performance.


The meeting was attended among others by Jayant Sinha, Minister of State for Finance, Rajiv Mehrishi, Finance Secretary, Shaktikanta Dass, Revenue Secretary, Dr. Hasmukh Adhia, Secretary (DFS), Ms. Ardhana Johri, Secretary (Disinvestment), Rajiv Kher, Secretary, Department of Commerce, Anita Kapur, Chairperson, CBDT, Kaushal Srivastava, Chairman, CBEC, and Aditi S. Ray, Principal Adviser, DIPP among officers while the representatives of Industry and Trade included Ajay Shriram, President, CII, Rana Kapoor, President, ASSOCHAM, Dr. Jyotsna Suri, President, FICCI, Shri D. Gandhi Kumar, President, Federation of Indian Micro and Small & Medium Enterprises (FISME),  Rajni Agarwal, President, Federation of Indian Women Entrepreneurs (FIWE), M. Rafeeque Ahmed, President, FIEO, Vipul Shah, Chairman, Gems & Jewellery Export Promotion Council, Ashish Gupta, Consulting CEO, Federation of Associations in Indian Tourism & Hospitality (FAITH), A. Sakthivel, Tirupur Exporters' Association, R.C. Bhargava, Chairman, Maruti Suzuki India, R. Shankar Raman, CFO, L&T, Amit Bakshi, ERIS Life Sciences,S.B. Misra, MINEX Metalurgical, Ratin Basu, MD, Aistom India, Sunil Sood, COO, Vodafone India, G.H. Singhania, CMD, Raymonds Ltd., Anupam Shah, Chairman, EEPC India, K.N. Bajaj, Bajaj Group, and Shashi Ruia, ESSAR Group among others.


The representatives of Trade and Industry made various recommendations for consideration of the Union Finance Minister while formulating the budgetary proposals for the financial year 2015-16. The major recommendations include measures for fiscal consolidation, promoting investment (both domestic and foreign), containing inflation, generating employment and creating skills as well as for facilitating ease of doing business among others. Other recommendations include flag-off strategic sale of loss making Public Sector Undertakings (PSUs), deployment of PSUs surplus funds to add and expand capacity, effect phased dilution of Government stakes in Public Sector Banks to 51%, create a National Asset Management Company (NAMCO) which would take NPAs off the bank's balance sheet and also focus on reconsolidation, recapitalization and refinancing of banks, encourage use of the reverse BOT structuring to finance infrastructure projects where the initial construction cost is borne by the Government/PSUs ; and to fund programmes such as Swacch Bharat Ahbiyan, Clean Ganga Programme, creation of Smart Cities, create an SPV based on a revenue generated model among others.


It was suggested that all major subsidies be made available to only BPL households, create a Fuel Price Stabilization Fund to check volatility in fuel prices, implement PSU disinvestment systematically, strategy required on restructuring/ privatization of loss making PSUs (both Centre and States). The representatives of trade and industry also suggested incentives to kick start investment, fast track clearance of stalled/stuck projects and encourage investments in infrastructure funds/trusts, and development of an efficient and Vibrant Corporate Bond Market among others.


Various suggestions were also made with regard to tax reforms and tax administration including genuine efforts to establish non-adversarial and conducive tax environment, tax regime to be made predictable, sustainable and transparent among others.


Some of the representatives suggested the need for affordable housing, digitization of land records, single window clearances, introduction of municipal bonds, smart city bonds. Some of the representatives emphasized the need for higher investment in health care and education sector and to focus on generation of resources through railways to meet requirements of other infrastructure sector, and consolidation of regulators etc. It was also suggested that woman on Board of Directors of all Public Sector Banks and Financial Institutions be made mandatory, establishment of National Tourism Holding Company with tripartite agreement with State Government for global bidding fund for large international conventions and sport events tec.


In order to boost the exports, it was suggested among others that the removal of duty on petroleum products imports under advance licenses, expediting payment of duty drawback and central excise rebate claims, exemption from excise duty on purchase of capital goods from indigenous manufacturers under EPCG scheme, service tax exemptions for exports and currency hedging not be treated as speculative transaction rather be treated at par with trading in derivatives, incentivizing manufacturing firms in exports, safe harbor rules for contract manufacturing for other sectors including pharma, continuation of interest subvention scheme for a further period of three years( it expired on 31st March, 2014) and setting-up of an Export Development Fund with focus on marketing research and innovative tools of marketing as it would help not only existing exporters but would also attract new entrepreneurs in the field of exports.


Other suggestions include continuous support for export of small cars, extension of Investment Allowance under Section 32 Ac of IT Act to the non-corporate sector including readymade garment manufacturers and minimum ceiling of investment maybe scaled down from Rs. 25 crore to Rs. 1 crore among others.


Some of the trade representatives appreciated the Government's bold steps to issue Ordinances with regard to coal blocks' auction, insurance laws and Amendments in Land Acquisition Act etc. which indicates that Government is decisive and fully committed in making reforms.  - See more at: http://www.indiainfoline.com/article/news-top-story/fm-infra-sectors-such-as-coal-power-and-cement-recording-double-digit-growth-115010700002_1.html#sthash.DGbE39W1.dpuf



"Maharashtra and Andhra Chief Ministers are here in Davos and I would have wanted other Chief Ministers to also come," he said.


Talking about the Vibrant Gujarat summit, Jaitley said that earlier industry leaders and Union Ministers were kind of forbidden to go for that event.


"Our government is talking about states in East and North East areas, which may not be politically much favourable to us," he added.


On the issue of violence against women, the Finance Minister said that laws alone cannot resolve the problem. "People need to be educated and told from basic elementary education level against this menace," he said.


Regarding app-based cab services Uber, Jaitley said, "I don't think that they were shut down because of one incident and it was because they did not have certain permissions".


Referring to various programmes of the government, he said its financial inclusion programme is the most comprehensive one globally and 99.97 percent of households now have access to bank accounts.


"We worked really hard and had to go to inaccessible areas like those in naxal-hit states and border areas.


More and more people are being brought into the banking system and are being encouraged to use plastic currency," he said.


He also said the government is doing a lot on e-Visas to attract tourists.

  1. Watch the live stream of India's finance minister Arun Jaitley at Davos – Quartz

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  26. 1 day ago - Uploaded by NDTV

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  22. Times of India-20-Jan-2015

  23. Till now, tax evasion was a compoundable offence. A person caught evading tax could admit to his wrongs and pay penalty to walk free. But if it ...

  24. 'मेक इन इंडिया' के लिए टैक्स स्ट्रक्चर सही करेगी ...

  25. नवभारत टाइम्स-8 hours ago

  26. डायपर्स से लेकर LED लैंप और बॉयलर्स से लेकर टेक्सटाइल्स और इलेक्ट्रॉनिक्स जैसे सामान इंडिया में बनाने ...

  27. India, EU may resume FTA talks

  28. Livemint-20-Jan-2015

  29. We want to provide simplified tax rule," she said, adding India is the place to do business as the country has been witnessing GDP growth of ...

  30. NCP demands taxation law for music festivals

  31. Times of India-27-Dec-2014

  32. "If a tax is being levied, then there has to be authorization by law. Admittedly in this case there is no authorization by law, there is no legislation ...

  33. Tax fillip to fund-raising avenues likely in Budget

  34. Business Standard-12 hours agoShare

  35. The Union Budget for 2015-16 might give a tax boost to the liberalised ... of DRs into permissible securities and vice versa not be taxed inIndia.

  36. Withholding Tax

  37. Mondaq News Alerts (registration)-30-Dec-2014

  38. India: Withholding Tax ... But the total income of the individual is determined on the basis of the residential status in India. Status of Resident or ...

  39. Court again refuses to allow Dabur's Pradip Burman to go abroad

  40. Economic Times-1 hour ago

  41. During the arguments today, Income Tax (IT) Department's standing ... the plea sayingIndia does not have double taxation agreement with ...

  42. Court again says no to Burman's Hong Kong trip

  43. New Kerala-1 hour ago

  44. Explore in depth (5 more articles)

  45. Franklin India Multi Asset Fund bets big on gold

  46. Moneycontrol.com-10 hours ago

  47. Harshendu Bindal, President, Franklin Templeton Investments Indiasays, ... these funds are treated like a debt fund for the purpose oftaxation.

  48. Jaitley Hints At Tax Reforms

  49. Businessinsider India-30-Dec-2014

  50. He also indirectly signalled the Reserve Bank of India (RBI) to cut ... Unless our taxation regime is internationally compatible, the cost of our ...

  51. Jaitley hints at tax regime of global standards

  52. Business Standard-28-Dec-2014

  53. Explore in depth (376 more articles)

  54. Moneycontrol.com

  55. ​Rationalise taxation to boost investment culture: BSE CEO

  56. Economic Times-19-Jan-2015

  57. ​Rationalise taxation to boost investment culture: BSE CEO ... NEW DELHI: Government needs to rationalise taxation policies to promote ...

  58. Rationalise taxation to boost investment culture: BSE CEO

  59. Moneycontrol.com-19-Jan-2015

  60. Explore in depth (29 more articles)

  61. Karnataka government to take a decision on Amazon India's tax issue

  62. Economic Times-05-Jan-2015

  63. BENGALURU: Karnataka CM Siddaramaiah is expected to take a call on AmazonIndia's status - as service provider for retailers or as a retailer ...

  64. Expect FMCG mkt to grow at 10% in CY15: Nielsen India

  65. Moneycontrol.com-7 hours ago

  66. Adrian Terron, executive director, Nielsen India expects FY15 .... is expected to be because there is a high incidence of taxation and the fear is ...

  67. Eurasia Review

  68. Ease of Doing Biz, Retro Tax to Top Indo-US CEOs Meet

  69. The New Indian Express-15 hours ago

  70. ... about retrospective taxation, bureaucratic bottlenecks that could prove to be an impediment in Prime Minister Narendra Modi's Make inIndia ...

  71. Obama, Modi to address biz honchos' concerns

  72. Deccan Herald-18 hours ago

  73. Explore in depth (1,176 more articles)

  74. India to scrap tax breaks on cars

  75. BBC News-31-Dec-2014

  76. Cars, bikes and consumer goods are set to get more expensive inIndia as the government plans to withdraw tax breaks in the new year, ...

  77. Tech Firms Want Tax Issues to be Addressed in Budget

  78. NDTV-14-Jan-2015Share

  79. Press Trust of India | Updated On: January 14, 2015 22:54 (IST) ... and start-ups in India, while drawing his attention to issues such as double taxation, VAT and ...

  80. , ...

  81. Modi Budget: IT bigwigs discuss double taxation issue with FM

  82. Moneycontrol.com-14-Jan-2015

  83. The industry also put forth their suggestion on double taxation issue. ... to improve the ability to get digital data centre infrastructure inIndia.

  84. Moneycontrol.com

  85. No respite for Goa miners despite lifting of ban

  86. Business Standard-4 hours ago

  87. "Auction is fine but our main issues are with taxation and mining ban. ... on all mining activities in Goa, India's third-largest iron ore producer, ...

  88. How FY16 Budget must transform India

  89. Financial Express-20 hours ago

  90. A target of perhaps 6% in 2015 and 7% in 2016 for India might be ... The government has to clearly signal that retrospective taxation has been ...

  91. Basic exemption limit in taxation may be hiked in Budget 2015

  92. Economic Times-28-Dec-2014

  93. However, the changes in the tax rules for non-equity funds was a ... Even though the effective tax rate in India is quite reasonable, some experts ...

  94. Is Maharashtra Govt. Considering A Ban On Ecommerce Portals?

  95. Trak.in (blog)-9 hours ago

  96. Tax evasions are something which Indian ecommerce portals are being ... But considering that the digital business is relatively new inIndia, ...

  97. Gift up to Rs.50000 by parents tax exempt for NRIs

  98. Livemint-15-Jan-2015

  99. Can you tell me the tax implications of debt funds for a non-resident ... be subject to tax at the rate of 20% plus surcharge and cess inIndia.

  100. Chief eco advisor tells why crude fall benefit's not shared

  101. Moneycontrol.com-6 hours ago

  102. Stating that India stands out as beacon of dynamism and hope in an ... Besides we also need to look at petroleum taxationindependently.

  103. NRI entrepreneurs flocking back to homeland

  104. EntrepreneurIndia.com-2 hours ago

  105. According to latest IMF projection, India is expected to surpass China in .... Taxation for startups and investors; Ease of registering a company; ...

  106. Claiming tax benefits under DTAA? Things you should know

  107. Economic Times-18-Jan-2015Share

  108. A person who earns income must pay tax in the country he earns in as well as the country he resides in. In order to avoid this, India has signed ...

  109. Sebi eases delisting hurdle

  110. Business Standard-1 hour ago

  111. The Securities and Exchange Board of India through a board meeting on ... The incentives could be in the form lesser taxation or availability of ...

  112. Save girl child, educate her, pleads Modi

  113. The Hindu-5 hours ago

  114. ... after Jan Dhan Yojana, Swachh Bharat Abhiyan and 'Make inIndia' ... and withdrawal from the scheme has been exempted fromtaxation.

  115. Lodha, Bhan, Raveendran: The trio of legal eagles who will clean up ...

  116. Firstpost-1 hour ago

  117. Born in Jodhpur, former Chief Justice of India justice Rajendra Mal ... of law -- constitutional, civil, company, criminal, taxation and labour.

  118. Maharashtra govt considers RSS arm's demand to ban online ...

  119. India Today-21-Jan-2015

  120. Citing reasons of tax evasion the SJM has also made the demand with the ... model adopted by firms such as Amazon, e-bay in India. What is ...

  121. WHSV

  122. Bengal's employment rate improving, says report

  123. The Hindu-15 hours ago

  124. ... Bureau of India suggested that Bengal's employment rate was on the rise. ... The e-taxation project by the Finance department won the silver ...

  125. Times of India

  126. Address regulatory, tax challenges for startups & SMEs: Nasscom

  127. VC Circle-07-Jan-2015

  128. With enabling policies and speedy implementation, we can surely realise the Digital India vision," Nasscom President R Chandrashekhar said.

  129. Moneycontrol.com

  130. Dish TV hits 52-week high

  131. Business Standard-4 hours ago

  132. Dish TV India rose 4.43% to Rs 74.30 at 15:08 IST on BSE after the ... Earnings before interest, taxation, depreciation, and amortization ...

  133. Financial sector accounts for bulk of corporate bond issuances

  134. Business Standard-21-Jan-2015

  135. With 'Make in India' becoming a major thrust area for the Government ... even though the industry has expressed concerns on the taxationfront.

  136. GST: a new road for transportation and logistics industry in India

  137. Livemint-25-Dec-2014

  138. Taxation at a national level, rather than by each state, will result in more ... The prevailing complicated tax structure in India meant that logistics ...

  139. Notes From Davos: An Economic Driver Called Modi

  140. Moneycontrol.com-21-Jan-2015Share

  141. India's complex tax structure renders doing business on a pan-Indialevel difficult. This has been repeatedly highlighted in annual surveys ...


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