The Authority for Advance Ruling (AAR), a quasi judicial body dealing in tax issues related to foreign companies, has held that monthly payments made by Dell India to an overseas entity for voice and data services provided through telecom networks, is not ‘royalty’ and hence not taxable.
A company is entitled to tax treaty benefits between India and another country even if it fails to disclose some key information. Learning from the legends of investing
Hutchison has submitted a document to the US Securities and Exchange Commission (SEC) that there could be a tax liability.
Filing income-tax returns has never been so saral, as is made out to be. The latest controversy is about filing TDS certificates. How to go for householder's insurance
In a ruling that will help corporates planning to transfer capital assets to other companies at a cost price less than the market price, the Mumbai tax tribunal has held that tax cannot be levied on the capital gains that never accrued.
The advance tax figures of some leading banks and a few corporates for the April-June quarter of this fiscal provide some room for comfort.
The Appellate Commissioner of Income-Tax can no longer levy additional tax if it discovers a source of income that was not taken into account by the income-tax department at the time of assessment.
The Income-Tax Appellate Tribunal (ITAT) Mumbai has ruled that a property which has remained vacant for a year is entitled to vacancy allowance.
Foreign nationals working in India will be exempt from fringe benefit tax (FBT) on the cost of transportation from their residence to the workplace, according to a Supreme Court ruling.
The Bhopal-based Som Distilleries and Breweries, manufacturer of the Hunter beer, has acquired a 50-acre prime plot in Gwalior for Rs 266 crore from the Madhya Pradesh government.
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