M Padmakshan

  • Liquor industry raising a toast to slowdown

    Liquor industry raising a toast to slowdown

    The liquor industry has not only bucked the financial crisis, but has managed to post a higher growth rate. High-end whiskies | Weekend Platter | Biz Week in Pics

    KLM Airlines gets tax relief on rent paid to AAI

    KLM Airlines gets tax relief on rent paid to AAI

    KLM Airlines got a reprieve from the income tax department on the rent paid for cargo space hired by it from Airport Authority of India, thanks to a Delhi High Court order last week.

    Interest payment on CDs is TDS-deductible: AAR

    Interest payment on CDs is TDS-deductible: AAR

    Interest paid to a foreign company on convertible debentures (CDs) is like an interest taxable in India, according to a ruling by Authority for Advance Ruling (AAR), a quasi-judicial body on matters of tax.

    UB, Jonty to bring South African wines to India

    UB, Jonty to bring South African wines to India

    The UB Group has decided to sell South African wines from10 Chapter Pty in India soon. The wines will be sold through United Vintners, a subsidiary company of the Vijay Mallya-led UB group.

    ITAT clears the air over transfer pricing

    ITAT clears the air over transfer pricing

    The method adopted by a company to arrive at a transfer price is valid unless the tax officer can prove that the company had manipulated the price to shift profits outside India.

    Foster's gets a breather in tax dispute

    Foster's gets a breather in tax dispute

    Delhi High Court ruled that no tax demand be issued to the Australian company until the high court decides on the petition filed before it by the foreign firm.

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