The income tax department has issued notices to the US-based telecom major AT&T, asking it to file returns in India. BlackBerry: The beauty in pics
It is the first demand notice sent by the Income-tax department on a cross-border deal that resulted in a change of ownership of the company.
Bhopal-based Som Distilleries and Breweries plans to launch its flagship Hunter Beer in the western and southern markets.
Tax collections from the over 3,000 MNCs operating in the country have crossed the projected figure by Rs 4,000 crore to Rs 16,000 crore.
The Authority for Advanced Ruling (AAR) has clarified that tax is not liable to be deducted from the payments made to a non-resident if the transaction is a sale of equipment and repairs that took place outside India.
Recent takeover of British brewer S&N by the consortium Carlsberg and Heineken is now under the scanner of the income-tax dept. Invest in wine I High-end whiskies
The Bombay High Court, in an order on a petition filed by Ding Dong Liquors, Goa, has asked Tilak Nagar industries, the Maharashtra-based liquor company known for its Mansion House Brandy, to pay back its dues to the former.
Once enacted, the amendment will widen the scope of Section 201 of the I-T law and could effectively weaken Vodafone’s stand. Sleek mobiles I Mobile Asia 2008
UAE-based mega retailer is in discussions to acquire stake in jumbo electronics.
After serving notices to Vodafone for the $11-billion Hutch-Essar-Vodafone deal, the income tax department has put the $120-million Foster’s India-SABMiller transaction under the scanner.
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