Company News
Court Ruling: Overseas Payments Not Liable to Tax
India-based companies are not liable to deduct tax on overseas payments according to the latest Supreme Court on the subject.
New Tax Code Proposes Investment-Linked Incentives
The Direct Taxes Code (DTC) Bill is suggesting that profit-linked incentives can be replaced with investment-linked incentives for businesses that currently enjoy tax cuts.
Approved Direct Tax Code Bill Cuts Rates
India’s Cabinet approved the Direct Taxes Code Bill yesterday, part of the government’s efforts to simplify procedures and cut taxes.
New Regulations on Digital Signature Registration Released
India’s Income Tax Department has released new regulations on registering digital signatures for filing income tax returns effective beginning today.
Minimum Alternate Tax Not Applicable to Companies with No Establishment in India
A verdict made by the Authority for Advance Ruling (AAR) in July has confirmed that minimum alternate tax (MAT) is not applicable to foreign companies with no permanent establishment in the country.
India to Consider FDI in Domestic Carriers
Authorities will soon begin talks on possibly raising foreign direct investment in local carriers to push New Delhi
Double Tax Avoidance Agreements Still Applicable in India Despite New Tax Code
The revised discussion paper on India
Retail FDI May Be Allowed in India with Back-End Investment
Authorities are said to be considering foreign direct investment in multi-brand retail if foreign retailers invest heavily on back-end infrastructure like warehousing and cold storage.
New Liquidation Procedures for Troubled Firms in India to be Released
The Indian government has announced plans to formulate an exit scheme that will make it easier for troubled companies to go through the liquidation process.