The AAI has objected to the signboards put up on the airport land by Mumbai International Airport, a joint venture company that operates Mumbai airport.
Deepak Roy, one-time blue-eyed boy of spirit baron Vijay Mallya, has picked up a 5% stake in Mallya’s arch-rival Kishore Chhabria-led company BDA, makers of Officer’s Choice whisky.
The income-tax department has sent notices to Genpact asking for details of the $500-million deal in 2004 when GE sold off its 60% stake in GECIS (name later changed into Genpact) to two US-based private equity investors.
The Maharashtra government is mulling a plan to levy a duty of Rs 300 per litre of imported liquor, replacing the existing ad valorem rate of 200%.
A company would be considered non-resident if the control and management is not in India. The location of board of directors should determine the place of control and management of the company.
From now, money spent on the content of websites will be exempt from tax.
Baron's is the latest in a line of international beer brands being produced and distributed in India.
Officer's Choice whisky gets interim relief from Delhi HC after the latter temporarily stalled the introduction of rival brand.
The key reason for such a jump in MNCs tax outgo is the diligent measures taken by the Income-tax department, to enforce TDS (Deduction at Source) collection.
In a recent ruling on an appeal filed by Coca-Cola, the Supreme Court has reaffirmed one of the time-tested principles of Indian tax system: the same income cannot be taxed twice.
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