M Padmakshan

  • 800 cos slapped with Rs 10k cr transfer pricing demand

    800 cos slapped with Rs 10k cr transfer pricing demand

    The transfer pricing regime, which came into force in 2001 to check loss of revenue to the government during cross-border deals involving Indian firms, has raised the demand for Rs 10,000 crore.

    Direct tax mop-up may rise 15% by Dec: CBDT chief

    Direct tax mop-up may rise 15% by Dec: CBDT chief

    Central Board of Direct Taxes (CBDT), the apex body that administers corporate and personal income-tax, expects a 10-15% year-on-year increase in collections by December 15, the last date for paying the third installment of advance tax, according to CBDT chairman SSN Moorthy.

    Pay tax on central excise refund: ITAT

    Pay tax on central excise refund: ITAT

    In a decision that could impact companies with operations in the north-east, Jammu & Kashmir and Himachal Pradesh, a tax tribunal in Amritsar has ruled recently that such entities will be liable to pay tax on Central excise duty refunds.

    Direct tax kitty swells a bit in Apr-Nov

    Direct tax kitty swells a bit in Apr-Nov

    Direct tax collections in the period April to November this fiscal grew by just 2.4% but the revenue department is now hoping to improve upon this given the better-than-expected growth in gross domestic product or GDP during the quarter to September 2009.

    SABMiller Foster’s buy in tax net

    SABMiller Foster’s buy in tax net

    After telecom giant Vodafone, which was served a show-cause notice in October over its $11-bn acquisition of Hutch Essar, it’s now the turn of beer major SABMiller to face the heat from the Indian income-tax authority.

    Dubai crisis not a downer, say spirit cos

    Dubai crisis not a downer, say spirit cos

    Indian spirit cos, who export IMFL brands to Dubai, are not overtly worried over the brewing fin crisis there. Who's who in Dubai's corp map | Full Coverage: Dubai crisis

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