M Padmakshan

  • Govt to approve lone bidder for Ennore container terminal

    Govt to approve lone bidder for Ennore container terminal

    The government has decided to approve the lone price bid that was submitted in the final round of the open tender process called to select a company to operate the container terminal at Ennore in Tamil Nadu.

    Corporate Advance tax payments soar

    Corporate Advance tax payments soar

    Corporate advance tax collections have recorded healthy growth in the fiscal first quarter, tax authorities say, in yet another indicator the ongoing economic recovery continues to gain momentum.

    I-T dept to earn over Rs 600 cr from tax on hospital payments

    I-T dept to earn over Rs 600 cr from tax on hospital payments

    Tax authorities can now raise an additional Rs 600 crore or more after a Bombay High Court order that held that third party administrators (TPA)-companies that liaise between insurers and hospitals to facilitate cashless treatment for policyholders-are required to deduct taxes while making payment to hospitals.

    'Vodafone was advised to pay withholding tax before deal'

    'Vodafone was advised to pay withholding tax before deal'

    The Indian tax authorities had advised British telecom major Vodafone to pay tax on its $11-billion acquisition of Hutchison Essar before it sealed the transaction, according to a recent income tax order.

    MNCs take cross-border tax issues to new panel

    MNCs take cross-border tax issues to new panel

    A host of companies from Mumbai, said to be 367 in number and mostly multinational in nature, have moved the recently set up dispute resolution panel (DRP) to resolve issues related to cross-border taxation.

    Genuine business recasts can bring in tax benefit

    Genuine business recasts can bring in tax benefit

    In a decision that will help corporates restructure businesses, the Chennai bench of Income-tax Appellate Tribunal (ITAT) has held that tax benefit could not be denied to business restructuring, if the exercise fulfills all the conditions mentioned under the Income-Tax Act.

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