A tribunal ruled India’s efforts to claim Rs 20,000 cr in taxes were in breach of fair treatment under investment protection pact with the Netherlands.
Jayant Krishna, Group CEO of UK-India Business Council, says countries are now looking to removing non-tariff barriers to trade as Brexit process continues.
Vodafone Idea, fighting for survival as it struggles to raise money to pay dues imposed by Supreme Court, reported Rs 11,600 cr net loss in Jan-March quarter.
Vodafone Idea, formerly known as Vodafone Mobile Services Ltd, had however sought Rs 4,759.07 crore in tax refund for AYs - 2014-15, 2015-16, 2016-17 and 2017-18.
The company also said that it will pay another Rs 1,000 crore by Friday and will take further stock of the situation to see how further additional payments can be made.
MoSPI proposes to remove closed factories from IIP sample, aiming for truer picture of India’s industrial health in upcoming 2022–23 base series. Plan open to public feedback until 25 November.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
Mr. Jethly, had in one of the debates had said that the government, did not want to remove the provision of retrospective tax until the legal course had run out, now that it has, there is no reason to continue with that provision.
One former FM called Jaitlee as a lawyer worked for Vodafone now see result where taxes are paid by indias poor but rich like Vodafone and Modis favourites ambanis get away, is india treating its poor well?
India is not the United States, which can contemptuously disregard the International Criminal Court, threaten to sanction its members who dare to investigate war crimes committed by American soldiers. This unanimous ruling ought to be accepted for many good reasons, including pragmatism and the desire to continue to attract foreign investment. But most of all because it is correct and just. The retrospective amendment of the Income Tax Act, 1961 to pluck out capital gains on an offshore transaction between two foreign entities merely because the underlying assets / business was located in India defeats the whole purpose of globalisation. For that matter, although the analogy is not exact, consider the tax efficient manner in which Reliance has raised money from foreign investors. This was one of UPA’s no balls. The FM should not have done it, nor should the PM have been too diffident to veto it. The family was too innocent in matters of governance to even know what the issue was.
Mr. Jethly, had in one of the debates had said that the government, did not want to remove the provision of retrospective tax until the legal course had run out, now that it has, there is no reason to continue with that provision.
One former FM called Jaitlee as a lawyer worked for Vodafone now see result where taxes are paid by indias poor but rich like Vodafone and Modis favourites ambanis get away, is india treating its poor well?
India is not the United States, which can contemptuously disregard the International Criminal Court, threaten to sanction its members who dare to investigate war crimes committed by American soldiers. This unanimous ruling ought to be accepted for many good reasons, including pragmatism and the desire to continue to attract foreign investment. But most of all because it is correct and just. The retrospective amendment of the Income Tax Act, 1961 to pluck out capital gains on an offshore transaction between two foreign entities merely because the underlying assets / business was located in India defeats the whole purpose of globalisation. For that matter, although the analogy is not exact, consider the tax efficient manner in which Reliance has raised money from foreign investors. This was one of UPA’s no balls. The FM should not have done it, nor should the PM have been too diffident to veto it. The family was too innocent in matters of governance to even know what the issue was.
That shows the weakness of character of MMS.