Income-Tax Department conducting thorough enquiry into the Satyam scam, said NB Singh, chairman, Central Board of Direct Taxes.
An escrow account for tax payable in India is likely to become an essential component of any cross-border acquisition in the future.
Many cos have used proceeds out of tax deducted at source and thereby defaulted in depositing the same with IT dept.
The income tax department, in an affidavit before the Bombay HC, claimed that it has in its possession records to show that the promoters of Lok Housing & Construction had sold company shares when the price was up and made profits.
The Mumbai income tax department has surveyed 50-60 companies, including MNCs, in the past two weeks.
Ravi Jain, one-time confidante of liquor baron Vijay Mallya, has joined Valle de Vin, the Nashik-based wine firm set up by the industry veteran Deepak Roy.
Enforcement Directorate (ED) will examine the cross-border transactions of Satyam Computer Services.
Indian wine company Indage Vinters, formerly Champagne Indage, has signed a three-year contract with Foster’s to bottle the latter’s wine brands at the Indage-owned winery in Britain.
The Income-Tax Appellate Tribunal (ITAT), Mumbai, has allowed the actress to take credit for the tax already paid in the UK and the US.
Actress Aishwarya Rai has got tax relief for earnings from the UK and the US. The Income-Tax Appellate Tribunal (ITAT), Mumbai has allowed the actress to take credit for the tax already paid in the UK and the US on these earnings.
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