Latest Expert Exchange Queries
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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: form 3cd :: articles on VAT and GST in India :: TDS :: ACCOUNTING STANDARD :: cpt :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: Central Excise rule to resale the machines to a new company
 
 
« Indirect Tax »
 GST may lead to better operating profit margin for multiplex operators
 Indirect taxes must equal direct taxes
  Income Tax dept issues notices to ‘farmers’ claiming suspect agricultural income
 GST would match or be lower than the multiple indirect taxes on real estate
 Tax incidence under GST lower than current indirect taxes
 Here's the complete list of pre-GST discounts being offered by companies
 Applicability of Explanation 2 to Section 132B of the I.T. Act, 1961- reg.
 Here’s all you need to know about TDS and why it is deducted
 New indirect tax regime
 Income tax rates, tax-free limit to stay unchanged
 Revised tax reform bill to benefit consumers

Tax issues hurt Indias image, investment: Chandrasekaran
May, 02nd 2012

The government's new tax proposals have impacted India's image as an investment destination, TCS chief N Chandrasekaran has told NDTV's Vikram Chandra.

Two tax provisions, one that empowers tax authorities to retroactively tax the indirect transfer of assets and second, which targets tax evaders through the General Anti-Avoidance Rule (GAAR), putting the onus on investors registered in countries with special tax exemptions with India to prove they do not intend to explicitly avoid tax, have dented investor confident in India.

"On a broader level, its more about continuity of practice, tax regimes, and stability of policies - all those things are concerns which we need to fix and get our act together," Mr. Chandrasekaran told NDTV.
RELATED STORIES

The TCS boss was speaking to NDTV after taking over as the chairman of industry body Nasscom. The body represents the $100 billion Indian IT-BPO industry.

"Certainly, there is a concern about the India story, which is partly our making and partly because we believe that the global crisis will affect us... We have to get our act together, whether it is in terms of policy, decision making or managing the fiscal deficit, whatever it is. It's a big concern for investments coming into India," Mr. Chandrasekaran added.

Mr. Chandrasekaran, who heads India's biggest software services export company, was however positive that the government will be able to steer the country to growth.

"I am very positive on India and India will do very well. There are issues; there have been issues in the past. There are enough people who want it to happen," he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

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