M Padmakshan

  • Experts back tribunal ruling against taxing NRIs in UAE

    Experts back tribunal ruling against taxing NRIs in UAE

    The Income Tax Appellate Tribunal’s (ITAT) recent decision against taxing NRIs working in UAE, in the Green Emirates Shipping and Travels case, has found support among the tax experts and courts abroad.

    UB may take a swirl of Taittinger after all

    UB may take a swirl of Taittinger after all

    After announcing his withdrawal from the race to acquire French champagne major, the Taittinger group, Vijay Mallya, chairman of the UB group is in the race to acquire Taittinger’s wine arm, Bouvet-Ladubay.

    Ordinance likely to give exporters tax respite

    Ordinance likely to give exporters tax respite

    The Centre is likely to promulgate an ordinance in the next few days to provide relief to loss-making exporters who are collectively facing an additional tax demand of Rs 4,000 crore.

    Loss-making co need not pay penalty for tax evasion

    Loss-making co need not pay penalty for tax evasion

    The income tax department cannot levy a penalty on a tax-payer who has concealed his income but incurred losses and has no taxable income to report. This is in accordance with a recent order of a division bench of the Bombay High Court.

    UAE investors to pay capital gains tax here

    UAE investors to pay capital gains tax here

    Investors from United Arab Emirates (UAE) have to pay capital gains tax on their investments in India, according to a ruling by the Authority for Advance Ruling (AAR), a quasi judicial body which decides on the taxability of a cross-border ventures in advance.

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