The Indian liquor market is buzzing with several foreign brands now fighting for shelf space with domestic brands.
A Chennai bench of the income-tax tribunal has held that a ship is an ‘equipment’ and hence payment for chartering a foreign ship could be construed as ‘royalty’.
What’s in a comma? A lot, if you are a corporate and fighting a case relating to royalty tax.
What’s in a comma? A lot, if you are a corporate and fighting a case relating to taxation of royalty.
Soon your tax appeals before the Income-Tax Appellate Tribunal will be decided in a month or two.
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.
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.
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.
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.
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.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon