Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: cpt :: due date for vat payment :: empanelment :: VAT RATES :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd
 
 
News Headlines »
 Tax Return Preparer (Amendment) Scheme, 2018
 Tax-saving for young earners simplified
 How to save income tax? Here are 6 investments with tax free income
 10 Top salary deductions that can save tax for you
 What are the tax saving options beyond Section 80C?
 The penalties for not paying tax on time
 How to make your salary tax efficient
 I-T Department may go into overdrive this quarter
 Ways to reduce the TDS deduction from your salary
 4 Tips for choosing who prepares your 2017 Tax Returns
 Processing of income-tax returns under section 143(1) of the Income-tax Act which were filed in Forms ITR-1 to 6 & applicability of section 143(1)(a)(vi)

Treat foreign cos at par with domestic firms on taxes: FICCI
October, 29th 2008

Faced with massive outflow of foreign capital, FICCI on Sunday suggested the government to make taxation laws in the country attractive enough for FDI and bring down tax rates for overseas firms to a level that is at par with that for the domestic companies.

"Tax treatment of foreign companies' income from investment in India is one of the most important deciding factors to invest in the country," FICCI said, adding "it is therefore important to have our taxation laws attractive enough for encouraging FDIs."

Several countries, such as Malaysia, Thailand and China had, at different times, tax rates that favoured FDI over domestic direct investment.

Indian tax laws treat all companies incorporated in India equally, it said, adding "in fact, tax rates are higher with respect to Indian branches of foreign incorporated companies".

The current effective rate for foreign companies is 42.23 per cent, as against 33.99 per cent for domestic company.

Since the beginning of this financial year, India's foreign reserves have gone down by more than 35 bn dollars.

The industry body has also asked for a more enabling environment for Mergers & Acquisitions in the country. A provision should be inserted in the Income Tax Act, whereby dividends received from, as well as capital gains arising on the sale of shares in foreign companies in which an Indian company has an equity interest of 10 per cent or more, will be tax exempt or concessional taxed, it said.

Apart from ironing out the practical difficulties being faced by the international community in relation to Transfer Pricing regulations, FICCI has underlined the need for Advance Pricing Agreement (APA).

India also needs to introduce safe harbour rules to provide relief to taxpayers from detailed transfer pricing obligations under the law, the chamber said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Organic SEO Outsourcing Organic Search Engine Optimization Outsourcing Organic Website SEO Organic SEO India Website SEO India Organic Search Engine Optimization India Organic Internet SEO India Organic Web

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions