capital gains tax

Defer GAAR by three years, suggests Shome Committee (Lead)


September 1st, 2012 - 9:03 pm ICT by IANS
New Delhi, Sep 1 (IANS) An expert committee on tax laws Saturday suggested that the Indian government defer implementation of the controversial General Anti-Avoidance Rules (GAAR) until fiscal 2016-17 ... Read more...

Posted in Business |

Slim chance of US slipping back into recession: Buffett


June 6th, 2012 - 3:55 pm ICT by IANS
Washington, June 6 (IANS) The possibility of the US economy sliding back to recession is very small despite the fragile economic recovery, US billionaire investor Warren Buffett said here.The US ... Read more...

Posted in Business |

Dissapointed Vodafone to take steps to safeguard interest


May 9th, 2012 - 9:44 pm ICT by IANS
New Delhi, May 9 (IANS) A day after Finance Minister Pranab Mukherjee declared that India won't give in to pressure and change its retrospective tax legislation, Vodafone Plc said ... Read more...

Posted in Business |

Vodafone plea denied as Mukherjee says ‘India no tax haven’


May 8th, 2012 - 7:48 pm ICT by IANS
N0ew Delhi, May 8 (IANS) Finance Minister Pranab Mukherjee Tuesday declined to roll-back a change in the Income Tax Act with retrospective effect to tax foreign firms for capital ... Read more...

Posted in Business |

GAAR rollback a surrender to US: CPI-M


May 8th, 2012 - 4:46 pm ICT by IANS
New Delhi, May 8 (IANS) India's decision to defer the implementation of the General Anti-Avoidance Rules (GAAR) by one year "is a meek surrender to finance capital ... and the ... Read more...

Posted in Business |

Industry welcomes GAAR deferral


May 7th, 2012 - 10:03 pm ICT by IANS
New Delhi, May 7 (IANS) India Inc. Monday welcomed the government's decision to defer implementation of the General Anti-Avoidance Rules (GAAR) by a year."We are happy that the suggestions made ... Read more...

Posted in Business |

Capital gains tax on private equity lowered


May 7th, 2012 - 8:18 pm ICT by IANS
New Delhi, May 7 (IANS) The central government Monday announced the lowering of capital gains tax on private equity investments to 10 percent from the existing 20 percent."Currently, long ... Read more...

Posted in Business |

Panel set up on international taxation


May 3rd, 2012 - 6:54 pm ICT by IANS
New Delhi, May 3 (IANS) A 13-member panel was set up Thursday to advise on international taxation and transfer pricing in the backdrop of the controversial proposed retrospective amendments ... Read more...

Posted in Business |

Vodafone was told about tax liability in Hutchison deal


May 2nd, 2012 - 6:52 pm ICT by IANS
New Delhi, May 2 (IANS) The Indian government Wednesday said Vodafone Plc was duly informed about its tax liability in the $11.2 billion acquisition of Hutchison's stake in Hutchison-Essar ... Read more...

Posted in Business |

Sensex slips to two-month low over tax issues (Roundup)


March 26th, 2012 - 7:27 pm ICT by IANS
Mumbai, March 26 (IANS) Indian equities markets closed lower Monday with a benchmark index falling 309 points to a two-month low as traders feared the government was planning to ... Read more...

Posted in Business |

On Vodafone ruling, father-son Bhushans don’t see eye to eye


March 23rd, 2012 - 7:37 pm ICT by IANS
New Delhi, March 23 (IANS) On civil society issues, they are part of the same movement and platform. But on the Vodafone tax ruling, the Bhushans, Shanti and Prashant, ... Read more...

Posted in Business |

Raise depreciation rate to boost investment: CII


February 26th, 2012 - 11:31 am ICT by IANS
New Delhi, Feb 26 (IANS) The government should raise the depreciation rate for energy efficient technologies and plant and machinery to help companies go green and boost private investment, the ... Read more...

Posted in Business |

Mauritius will find solution on tax evasion: Mauritius minister (Interview)


February 12th, 2012 - 4:32 pm ICT by IANS
New Delhi, Feb 12 (IANS) Mauritius will find a mutually satisfactory solution with India to the misuse of a bilateral treaty by investors to evade taxes, a senior minister ... Read more...

Posted in Business |

Government studying court ruling on Vodafone tax dispute


January 25th, 2012 - 7:00 pm ICT by IANS
New Delhi, Jan 25 (IANS) The Indian government is studying the Supreme Court verdict on UK telecom Vodafone's $2.2 billion tax liability and will take appropriate action accordingly, Finance ... Read more...

Posted in Business |

Vodafone tax verdict to impact on similar merger deals: experts


January 20th, 2012 - 9:20 pm ICT by IANS
New Delhi, Jan 20 (IANS) The Supreme Court verdict Friday on Vodafone's $2.2 billion tax liability will have a bearing on a host of similar overseas mergers and acquisitions deals ... Read more...

Posted in Business |

India’s apex court saves Vodafone $2.2-bn tax burden (Roundup)


January 20th, 2012 - 8:15 pm ICT by IANS
New Delhi, Jan 20 (IANS) In a verdict which India Inc. says enhances the country's image among global investors, the Supreme Court Friday dismissed a hotly-opposed tax demand of $2.2 ... Read more...

Posted in Business |

Manufacturing policy is designed to create jobs: CII


November 13th, 2011 - 1:21 pm ICT by IANS
New Delhi, Nov 13 (IANS) The National Manufacturing Policy (NMP) provides special emphasis on the micro, small and medium enterprises (MSME) which will help in promotion of employment intensive industries ... Read more...

Posted in Business |

SMEs to be exempt from capital gains tax: Official


July 20th, 2011 - 10:51 pm ICT by IANS
New Delhi, July 20 (IANS) A proposal to exempt small and medium enterprises (SMEs) from capital gains tax has received in principle approval from the finance ministry, an official said ... Read more...

Posted in Business |

Dhaka stock market investors protest


May 26th, 2011 - 12:48 pm ICT by IANS
Dhaka, May 26 (IANS) Dhaka's share market investors have begun protests following a repeated free fall in prices in the last five months.The investors have taken to the streets ... Read more...

Posted in Uncategorized |

‘We will look at 2012 presidential run very seriously’: Gingrich


March 4th, 2011 - 5:35 pm ICT by ANI
Washington, Mar 4(ANI): Former U.S. House of Representatives Speaker Newt Gingrich has said he is "seriously" considering a 2012 presidential run, and unveiled a website to explore a potential bid for the ... Read more...

Posted in World |

Gingrich to launch 2012 Prez bid


March 2nd, 2011 - 5:10 pm ICT by ANI
Washington, Mar 2(ANI): Former U.S. House of Representatives Speaker Newt Gingrich is to formally launch his bid for a Republican nomination to take on President Barack Obama next year.According to ... Read more...

Posted in World |

Brit tax laws rulebook 10 times longer than Tolstoy’s ‘War and Peace’


February 12th, 2011 - 5:46 pm ICT by ANI
London, Feb 12 (ANI): Length of the handbook detailing Britain's tax laws has increased more than two-fold since 1997, and is now almost ten times as long as the famous novel 'War ... Read more...

Posted in World |

SC directs Vodafone to deposit 2,500 cr, bank guarantee of 8,500 cr


November 15th, 2010 - 5:36 pm ICT by ANI
New Delhi, Nov.15 (ANI): The Supreme Court on Monday directed telecom company Vodafone to deposit rupees 2,500 crore in three weeks and a bank guarantee of rupees 8500 crore in eight weeks.The ... Read more...

Posted in Business |

Vodafone vows to defend position on tax issue


September 27th, 2010 - 10:37 pm ICT by IANS
New Delhi Sep 27 (IANS) Britain-based telecom major Vodafone Monday said the company did not make any capital gains in the Hutchison buyout deal and it will take action to defend its ... Read more...

Posted in Business |

Vodafone plea in $2.6-bn Indian tax case dismissed (Lead)


September 27th, 2010 - 2:25 pm ICT by IANS
New Delhi, Sep 27 (IANS) India's Supreme Court Monday denied relief to Britain-based telecom major Vodafone on its petition contesting a lower court verdict on a $2.6-billion capital gains tax claimed by ... Read more...

Posted in Business |

George Steinbrenner’s Demise Saves Heirs From Paying Heavy Taxes


July 14th, 2010 - 8:20 pm ICT by GD
By Ranjan Bhaduri July 14, (THAINDIAN NEWS) The demise of George Steinbrenner, the New York Yankees owner has created sensation in the baseball circuit all over the USA and respect and tributes are ... Read more...

Posted in Sports |

Another discussion paper released on draft tax code


June 15th, 2010 - 8:37 pm ICT by IANS
New Delhi, June 15 (IANS) The government Tuesday released a 35-page revised discussion paper on the draft direct code, which seeks to replace the 50-year-old Income Tax Act, after receiving more ... Read more...

Posted in Business |

Pakistan’s GDP to grow 4.5 percent in 2010-11: Report


May 25th, 2010 - 1:03 pm ICT by IANS
Karachi, May 25 (IANS) Pakistan's economy is set to grow at 4.5 percent in fiscal 2010-11 beginning July 1 against the 4.1 percent during the current fiscal, a media report said Tuesday. Agriculture ... Read more...

Posted in Business |

Gilani accepts Pakistani finance minister’s resignation (Lead)


February 23rd, 2010 - 8:25 pm ICT by IANS
Islamabad, Feb 23 (IANS) Pakistani Prime Minister Yousuf Raza Gilani has accepted the resignation of Finance Minister Shaukat Tareen and forwarded it to President Asif Ali Zardari. Tareen had tendered his ... Read more...

Posted in South Asia |

Pakistan finance minister resigns


February 23rd, 2010 - 6:38 pm ICT by IANS
Islamabad, Feb 23 (IANS) Pakistan Finance Minister Shaukat Tarin Tuesday said he was stepping down from his post to focus on his private business interests, media reports said. Pakistani stocks fell on the ... Read more...

Posted in Business |

Rooney, Flintoff’s investment to provide 50,000 pounds profit on “Avatar”


January 24th, 2010 - 6:19 pm ICT by ANI
London, Jan 24(ANI): British sports stars, including Wayne Rooney and Andrew Flintoff, will rake in a share of nearly 250 million pounds from the success of Avatar, the Hollywood blockbuster, as they ... Read more...

Posted in Sports |

Bahrain holds road shows to attract Indian investment


November 4th, 2009 - 4:42 pm ICT by IANS
Mumbai, Nov 4 (IANS) A high-level business delegation from Bahrain arrived here Tuesday on a fortnight's visit to some key Indian cities to showcase the kingdom as an ideal gateway to the ... Read more...

Posted in Business |

New direct tax regime from 2011: Mukherjee


October 9th, 2009 - 4:17 pm ICT by IANS
New Delhi, Oct 9 (IANS) Finance Minister Pranab Mukherjee Friday said a new direct tax regime with rationalised rates and simplified procedures will take effect 2011, even as the government was ... Read more...

Posted in Business |

L&T to wait for opportune time to sell Satyam stake


August 12th, 2009 - 10:35 pm ICT by IANS
New Delhi, Aug 12 (IANS) Engineering and construction major Larsen and Toubro Wednesday said it would wait for an opportune time to sell its holding in Satyam Mahindra, formerly Satyam Computer Services, ... Read more...

Posted in Business |

British MPs face widespread criticism for censorship of their expenses claims


June 19th, 2009 - 1:01 pm ICT by ANI
London, June 19 (ANI): The files released by the House of Commons authorities withheld details that would have exposed the worst abuses of the MPs expenses system, despite a pledge from ... Read more...

Posted in World |

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