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SC to review govt petition today
Three Supreme Court judges meet tomorrow to consider the government’s review petition on the Vodafone case. The recent Union Budget has made provisions in the Finance Bill to amend the rules so as to nullify the effect of the judgement in like cases, and with retrospective effect. The relevant clause says tax would be payable in any deal involving share transfer of an asset situated in India,
Three Supreme Court judges meet tomorrow to consider the government’s review petition on the Vodafone case. The recent Union Budget has made provisions in the Finance Bill to amend the rules so as to nullify the effect of the judgement in like cases, and with retrospective effect. The relevant clause says tax would be payable in any deal involving share transfer of an asset situated in India,
SEZs suffer MAT body blow
The Direct Taxes Code also has a provision for imposing minimum alternate tax on these tax-free enclaves
The Direct Taxes Code also has a provision for imposing minimum alternate tax on these tax-free enclaves
Carbon credits to be taxable under corporate income
The Direct Taxes Code (DTC) Bill has said that dealings in carbon credit will be taxable under the new regime. The income through such transactions will attract 30 per cent corporate tax.
The Direct Taxes Code (DTC) Bill has said that dealings in carbon credit will be taxable under the new regime. The income through such transactions will attract 30 per cent corporate tax.
Govt scraps plan to make DTC override tax avoidance treaties
The government has dropped its plans to make the direct taxes code (DTC) override double taxation avoidance agreements (DTAAs). It has proposed that the new law would have preferential status over
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