Latest Expert Exchange Queries

Make 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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: TDS :: articles on VAT and GST in India :: list of goods taxed at 4% :: VAT Audit :: cpt :: due date for vat payment :: form 3cd :: empanelment :: ACCOUNTING STANDARD
 
 
News Headlines »
 Last minute checklist for filing income tax return
 Filing tax returns? Here are seven things to remember
 Clarifications on computation of book profit for the purposes of levy of Minimum Alternate Tax (MAT) under section 115JB of the Income-tax Act, 1961 for Indian Accounting Standards (Ind AS) compliant companies.
 Mistakes in filing income tax returns that may get you a tax notice
 Know how you can claim return of income in Form 26 AS case
 What you must know for tax filing this year
 How to file tax return if you have two Form 16s
 10 things you should know about Form 26 AS
 How to file income tax return without Form 16
 How to rectify income tax returns
 Income-tax (21st Amendment) Rules, 2017

Foreign firms may face lower tax rate
February, 16th 2007

The government is toying with the idea of lowering the tax rate for foreign companies in the forthcoming Budget to bring them on a par with India Inc, in a bid to project the country as an attractive investment destination.

Since the government is looking to bring down tax rates for Indian companies, there is a case to do so for foreign companies as well, a source told ET.

Foreign companies having branch or representative offices in India face a tax rate of 40% besides 2.5% surcharge and 2% education cess, which makes the effective rate 41.8%.

For Indian companies, the effective tax rate works out to 33.66%, with a corporate tax rate of 30%, 10% surcharge and 2% cess. The subsidiary of a foreign company attracts rates applicable to Indian companies.

If the dividend distribution tax or corporate tax for domestic companies is reduced, a similar reduction should be made in the tax rate for foreign companies to maintain parity between the two, KPMG director Vikas Vasal said.

With infrastructure weighing heavy on its agenda, the government wants to woo foreign expertise to the sector. A low tax regime could bring in not just foreign investments but also technical expertise.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

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