M Padmakshan

  • Execs’ foreign trips to be less taxing

    Execs’ foreign trips to be less taxing

    In an order that would provide great relief to corporate executives going abroad for 182 days or more, the Authority for Advance Ruling (AAR) has decided that tax is not leviable on the salary they receive in India since they will be considered as non-residents during the year.

    Get paid first, then shell out tax

    Get paid first, then shell out tax

    From now on, advertising companies need to pay tax only when they actually receive commission from the client, and not when the advertisement is telecast, a landmark judgement by the Income-tax Appellate Tribunal.

    Italy's Cantina wine to raise spirits here

    Italy's Cantina wine to raise spirits here

    Even as Indian spirit and beer majors scout to acquire wine companies abroad, one of the top ranking wine companies in Italy is planning to enter the fledgling Indian wine market.

    UB, SABMiller fight for beer breadth

    UB, SABMiller fight for beer breadth

    A war is slowly brewing for the control of the beer industry in India. The battle is between world’s No 2 brewer SABMiller and India’s No 1 brewer, the Vijay Mallya-led UB.

    Allocation of bank audits to be transparent

    Allocation of bank audits to be transparent

    The details of the annual allocation of audits of public sector bank branches by the Institute of Chartered Accountants of India will be more transparent from now.

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