National roaming charge is a specific charge paid by a subscriber of a cellular network to gain access to services of any other network operator in their licensed area of opeation.
The figures compiled by the body that has 34 countries as members with an additional four countries as observers, show that the tax-GDP ratio has been affected adversely since 2008.
India Inc has paid 10-20 % more tax for the October-December period, according to numbers available with the Income Tax department, as on December 15.
As the third installment of advance tax figures started trickling in a day before December 15, the last date for payments, tax officials expressed optimism of meeting the direct tax target for the current fiscal year (FY11).
Officer’s Choice whisky, the flagship brand from Kishore Chhabria’s Allied Blenders & Distillers (ABD), has become the largest-selling spirit brand in Andhra Pradesh, ahead of UB group’s Bagpiper whisky.
Maharashtra-based Tilaknagar Industries, the spirit company with sales of over Rs1,000 crore, has raised Rs135 crore through qualified institutional placement.
A division bench of the ITAT held that the finance structure used by the taxpayer had to be specifically prohibited for it to be illegal.
India’s TP rules currently cover cross-border transactions between related parties, such as the Indian arm of a foreign company and its overseas parent.
TAX is payable on import of all software , even if the sale does not involve exercise of copyright, according to a Delhi tax tribunal order in a case relating to Microsoft.
However, the Schedule VI of Companies Act are not applicable to banks as they are exempt under proviso to Section 211 (2) of the Companies Act.
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