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: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: form 3cd :: TDS :: ACCOUNTING STANDARD :: empanelment :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: VAT RATES
 
 
Indirect Tax »
 FM Arun Jaitley to focus on direct and indirect taxes
 Income Tax For Individuals – Assessment Year 2019–20
 States set separate dates to implement e-way bill
 What are direct and indirect taxes?
 Indirect transfer conundrum continues
 We expect significant changes in income tax slabs, say taxpayers
 Indirect taxes collection could fall short of target due to GST
 Indirect Tax Collection Under Gst Goes Down By 30 Percent
 What is a belated income tax return and what are its consequences
 Why rejig of financial year could upset your tax planning
 The threat of harsh penalty should not impede tax compliance

Tax case in Supreme Cour
January, 20th 2012

Income-Tax Department asked to return to Vodafone Rs 2,500 crore with 4 per cent interest within two months from today.

Supreme Court Registry asked to return to Vodafone the bank guarantee of Rs 8,500 crore.

"We find that during 2002-11, the Indian arm of vodafone has contributed to Rs 20,242 crore towards direct and indirect taxes to India. We hold that the offshore transaction was bonafide; hence it was non-taxable. The structure was not a sham,'' says Supreme Court.

"Genuine structuring for investments are permissible. Imposition of tax (on the deal) amount to capital punishment on capital investment,'' it says.

Indian tax authorities have no territorial jurisdiction over genuine offshore transactions, says Supreme Court .

Capital gains tax not applicable on Vodafone, it says.

Senior advocate Mr Harish Salve, counsel for Vodafone, says he is happy to have won the case after a long hearing. If the Supreme Court has reacted positively to foreign investment which has created value, it will boost investors' confidence, he says.

It was a majority judgement. "Hutchison is not a fly by night operator . Their structure was in place in India from 1994-(February) 2007,'' says Supreme Court.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Sitemap

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