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Taxation: Latest News & Videos, Photos about Taxation | The Economic Times

India and Korea agreed to make an effort to conclude the revision of the Korea-India Double Taxation Avoidance Convention (DTAC) expeditiously after reviewing their respective positions on major pending issues for the revision. Justice Abhay Manohar Sapre was sworn in as the new Chief Justice of Gauhati High Court today. Governor of Assam Janaki Ballav Patnaik administered the oath of office to Justice Sapre at a ceremony held at Durbar Hall of Raj Bhawan in Guwahati. Assam Minister for Law, etc., Tanka Bahadur Rai, Chief Secretary to the Government of Assam, Jitesh Khosla,… more. Seeking a probe into the deposits of ‘cess’ collected by the tea factories from the growers, the All Assam Small Tea Growers’ Association (AASTGA) has alleged that a big scam has been taking place in respect of depositing their hard-earned money for the last few years in the government’s corpus fund. “Though the factories are supposed to deposit the… more. India Ratings & Research (Ind-Ra) on Thursday said airline companies operating in India require a strong, supportive promoter to improve their viability amid the challenging operating environment. The companies are prone to becoming distressed assets due to their cost structure related inefficiencies driven by taxation and regulatory issues, high financial… more. Law firm Lakshmi Kumaran & Sridharan is opening their Kolkata office. The office will be located at Kanak Building at Chowringhee. Operations will commence from mid July and it will operate as a full service law firm, with special emphasis on taxation, intellectual property, corporate, pvt equity, mining, energy, real estate and dispute resolution… more. NASSCOM Statement on Taxation of R&D Centres in India: We would like to thank the Government for rescinding and modifying the circulars pertaining to taxation of R&D centres in India, which play an instrumental role in developing software solutions. The government has considered the needs of the industry; working in due consultation on this issue…. more. India and Sweden have signed a Protocol (the Amending Protocol) to amend the existing Double Taxation Avoidance Convention (DTAC) and the Protocol for avoidance of Double Taxation and Prevention of Fiscal Evasion with respect of taxes on income and on capital – PIB. Institute of Chartered Accountants of India president Subodh Kumar Agrawal on Union Budget 2013-14: The budget aptly addresses the need of the hour i.e., to accelerate growth through sustainable development and inclusive growth. The tax proposals are also in tandem with this overall aim of the budget, proposed to be achieved by focusing on key areas,… more. Views on Direct Tax from Mr. Pranay Bhatia, Partner, Economic Laws Practice: Complete silence on retrospective amendments in relation to taxation of indirect transfer of shares appears to be a big gap from the expectations from this year’s budget. The budget exercise continues to be one where some of the decisions in favour of the tax payers are attempted… more. COAI on Budget 2013: “A wide array of services such as games, wallpapers, ring tones..etc have been categorised as ‘entertainment’ by certain taxing jurisdictions, which makes these companies liable to pay entertainment tax. But since service tax is already being paid on these transactions, this leads to double taxation for the players, who pay both… more.
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