The Securities Appellate Tribunal (SAT), Mumbai, has upheld a penalty imposed by the capital market regulator on HSBC Securities and Capital Markets.
MNCs in India, who are on the receiving end of demands for information by transfer pricing officers, can breathe easy.
The banks that top the list are Citi, HSBC, StanChart, Deutsche Bank, Bank of America, Barclays Bank and JP Morgan among others. Why pay taxes?
Most of the 3,000 plus MNCs’ operating in India appear to be benefiting from a buoyant economy, going by the higher tax paid by them for the April-December 2007 period.
In a crucial ruling pertaining to MNCs operating in India, an income-tax tribunal has held that all cross-border transactions of Rs 5 crore or more has to be referred for ‘transfer pricing assessment’.
Vodafone International Holdings BV has challenged the income-tax department’s show-cause notice demanding tax on the $11-billion takeover of the Indian telecom major Hutch-Essar.
Amadeus need not pay tax if it offers arm’s length price to Indian agent.
Tax collection from MNCs operating in India is set to cross Rs 15K cr mark by the end of the fiscal, 25% more than the projected figure. Weekend platter I ULIP: Tax saver
Tamil Nadu former chief minister J Jayalalithaa has got a reprieve from the Income Tax Appellate Tribunal in at least two of the several tax cases against her.
Officer’s Choice has hit the 7 mn case mark last month, lifting it to the position of the third-largest whisky in India, after UB’s Bagpiper and McDowell No-1. Invest in wine
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