News

AAR grants Mauritius treaty benefit to internal re-organization

AAR allows Mauritius DTAA benefit to Glaxo group; Transfer of shares in GlaxoSmithkline India by Mauritius holding co. to Singapore

Aug 14,2012

Chidambaram orders review of retro tax amendments, promises "non-adversarial" tax regime

FM says retro tax amendments to be reviewed to find out fair and reasonable solution for pending as well as

Aug 06,2012

HC : UK resident not taxable on shipping profits from slot charter

Profits from Slot Charter exempt from tax in Source country under UK Tax Treaty Shipping Article; ITAT ruling in Balaji

Aug 06,2012

'Freebies' to doctors prohibited by law; not an allowable deduction under IT Act

'Freebies' to doctors prohibited by law; not a allowable deduction under IT Act 

Aug 06,2012

Personal tax return filing due date extended to Aug 31

Due date for personal tax returns for AY 2012-13 extended to Aug 31, Date extended due to power failure and compulsory e-filing

Jul 31,2012

PM refers Taxation of Portfolio Investments to GAAR Committee

PM refers applicability of retro amendment on offshore transfers on FIIs and portfolio investors to the Expert Committee on GAAR; Clarity on the

Jul 30,2012

Committee on IT Sector to finalise Safe Harbour provisions by Dec 31st

PM sets up Committee on taxation of Development Centres & IT Sector; Former CBDT & IRDA Chairman N. Rangachary to

Jul 30,2012

SC rules High Courts to hear appeals against AAR judgments

AAR bound by ‘Doctrine of Precedent’; AAR bound to follow its own earlier rulings; Writ petitions against AAR judgments to

Jul 30,2012

Indian GAAR guidelines "extraordinarily broad" and vague - US Council for Intl Business

Indian GAAR guidelines extraordinarily broad and vague; Concerns over denial of treaty benefits in discretionary manner; Treaty override should be

Jul 26,2012

Taxand Survey: CFOs remain wary of new foreign tax incentives

Tax and releases Global Survey 2012; 72% multinationals believe public exposure is/has been detrimental to company reputation; 76% of survey

Jul 26,2012

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