• Featured News

    Supreme court rejects 11000 crore tax liability case against Vodafone ; ask gov to create clarity on tax laws

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    In a strong message to foreign investors, the Supreme Court on Friday upheld the principle of stability and clarity of tax laws and awarded an outright legal victory to a Netherlands-based subsidiary of Vodafone Group Plc in its five-year-long epic battle with the Income-tax (I-T) department.

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    Cabinet clears 51% FDI in multi-brand retail

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    After years of dithering, the Indian government has decided to allow global retail giants like Wal Mart, TESCO and Carrefour to enter India. The Cabinet cleared 51 per cent foreign direct investment (FDI) in multi-brand retail on Thursday

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    New accounting rules to hit realty companies top lines, aims to reduce the discretion

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    DELHI: In a move that will depress the top line of several leading real estate companies, an upcoming accounting change aims to reduce the discretion available to them on how to compute revenues. The accounting regulator is working on a ‘guidance note’ that will, for the first time, define when and how developers should recognise revenues from a project, say two senior officials of the Institute of Chartered Accountants of India (ICAI)

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    Taxman coming: CBDT to closely watching corporates as advance tax payments fall

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    NEW DELHI: Income tax authorities will keep a close watch on tax payments by top corporates to ensure that they do not delay tax payments as part of the bouquet of measures being considered by the government to keep revenue growth on target. The advance tax payments by companies rose only 9.9% for the July-September quarter, down sharply from 19% growth in April-June quarter.

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    Industry pleads RBI to hold its gun as hike in rates start hurting

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    A growing uneasiness is palpable among Indian companies, individual borrowers and even commercial lenders as the central bank may increase its policy rates, the 13th such hike since March 2010, to rein in a persistently high inflation in the world’s second-fastest growing major economy.During the customary meetings with RBI top brass in the run up to the 25 October policy review, bankers, industry patrons and even economists have urged the central bank to hold its guns for the time being.

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Tax Talk: In conversation with eminent Tax experts

Indian Mergers control: Ten things you need to know when doing deals in India.

Suzanne Rab is partner in the antitrust practice Spaldling&King London

By Suzanne Rab

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View all Tax Talk >>

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