An aphrodisiac in spirit. This is what India’s no-1 spirit company, United Breweries, wants to export from India.
From now, Indian companies hiring employees from foreign companies have to pay tax on the compensation paid to the foreign entity, following a ruling by the Authority for Advance Ruling (AAR), in the case of AT&S India.
Periodic payments by local firms to overseas companies for the use of software will be subject to tax.
You have no liability to pay TDS until you know the identity of the person who receives the income. This is the upshot of a Mumbai Income-Tax Appellate Tribunal (ITAT) ruling.
Indians are warming up to imported wines like never before.
Kotak Mahindra Primus, a car financing company in India, is spared from having to pay withholding tax in India on the maintenance charges it paid for accessing a mainframe computer of an associate entity in Australia.
All cross-border transactions worth Rs 5 crore and above will continue to be assessed by a transfer pricing officer (TPO) of the income tax department, following a Delhi High Court order dismissing a petition by Sony India.
Multinational companies, currently confused over the contradicting transfer pricing regime in India, will get a special bench from the Income Tax Appellate Tribunal (ITAT) for clearing issues on cross-border transactions.
Grappa, Northern Italy’s favourite spirit that is said to have sedated generations of Italians from the pain of poverty, is the latest in the line of new brews that have made a mark on the Indian wine & spirits map.
The Income-tax Appellate Tribunal (ITAT), Mumbai has held that the interest received by branches in India from their overseas headquarters will be taxable in India.
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