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Home » Taxation  
TAXATION NEWS
• TAXATION OF NON-RESIDENTS
\n 2.   He stays in India for 60 days or more during a previous year, and 365 days or more during the 4 years preceding that previous year.\...
• Tax breaks on short-term insurance policies may go
\r\n February 16, 2010 : THE Union Budget may remove tax breaks on short-term insurance policies which provide more of investment and less of protection...
• No tax if arm’s length pricing is followed, rules ITAT
\r\n February 9, 2010 : THE Income Tax Appellate Tribunal or ITAT has ruled that a foreign company need not pay tax to the Indian exchequer if its domestic...
• SEZ tax concession likely to stay in new regime
\r\n February 9, 2010 :  THE government is likely to clarify in the budget that special economic zones or SEZs would continue to enjoy tax benefits...
• IT min calls for extension of tax sops under STPI Act
\r\n Febraury 10, 2010 : The ministry of IT has recommended that tax benefits set to expire under the STPI Act for the country’s $50 billion outsourcing...
• Bad debts under transfer pricing methods
\r\n February 9, 2010: BAD DEBTS WRITTEN OFF CAN NOT BE A FACTOR TO DETERMINE THE ARMS LENGTH UNDER ANY OF THE TRANSFER PRICING METHODS PRESCRIBED IN...
• GST set to be 16%, goods may cost less
\r\n February 8, 2010 : The longawaited reform of India’s indirect taxes system is set to get a major fillip, with a broad consensus forming within...
• CBDT to monitor cos' advance tax payments
\r\n February 8, 2010 : TOP advance tax paying companies are set to come under the tax authority’s radar, as the income-tax department tries to...
• Income-Tax Department cannot re-open the assessment U/s. 147 of the Income Tax Act arbitrarily: SC
\r\n February 9, 2010 : In a reprieve to the assessees, the Supreme Court has ruled that the Income-Tax Department cannot re-open the assessment cases...
• Construction is not manufacture or industrial activity
\r\n The appellant, at the time of incurring the expenditure on capital issue, was already in business. Therefore, the said expenses are incurred after...
 
 

 
 
 
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