The term ‘fees for technical services’ is defined in Explanation 2 to section 9(1)(vii) of the Income Tax Act. The said term is also defined in various Double Taxation Avoidance

Fearing de-allocation of the Utkal-D coal block allocated to Orissa Mining Corporation (OMC) over issues related to shareholding and delay in project execution, the state government has shot off a

An earlier article in this column had discussed the service taxability of cost/revenue sharing arrangements which were increasingly being resorted to in the modern business world. A view was

The global scamster industry has travelled from the ailing economies of Africa and finally washed up on the shores of the US. Earlier scams originated from politically-troubled states like Nigeria

Get ready to pay tax on every service barring those in some 20 categories such as construction, health, entertainment, restaurants, non-AC rail fares, travel by the metro or public buses, etc. A

The BSNL's Orissa circle has registered a significant drop of more than one lakh customers for its landline service in last one year. The officials of the state owned service provider attributed

In an initiative that could prompt foreign telecom equipment majors such as Huawei, ZTE and Ericsson to set up base in India, the government is working on a Cabinet note to make it mandatory for

The proposed initial public offering (IPO) by social networking firm Facebook Inc has created an unusual cheer for the market. Touted as the largest public offer by an internet company, it has

* The television commercial opens with the shot of a kid on a sofa whose chachoo has just come back from office. He wastes no time in informing chachoo that dada-dadi are looking for a chachi for