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: cpt :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: VAT RATES :: ACCOUNTING STANDARD :: form 3cd :: due date for vat payment :: TDS
 
 
Direct Tax »
 No change in gold seizure norms in proposed I-T Law amendments
 Direct tax collection will get a long-term boost, Franklin Templeton says
 I-T Act amendments upset calculations of cash hoarders
 Claim tax benefit on costs incurred to evict tenants
 The Integrated Goods And Services Tax Act, 2016
 Here’s what Income Tax Department did leading up to demonetisation
 I-T department asks IDS declarants to pay tax by November 30
 Cash trove tax drive dilemma
  CBDT halves Income Tax refunds issue timeline to 15 days for this fiscal
 CBDT signs four unilateral advance pricing agreements
 Central Board of Direct Taxes allowed Rs 4,500 crore of irregular benefits to infrastructure companies: CAG

CBDT notifies rules for foreign tax credit, FMV
July, 04th 2016

In a separate notification, the CBDT also notified rules for calculating ‘fair market value’ of assets located in India in case of indirect transfer by multinational companies for the purpose of tax levy.

Corporates earning income abroad will be able to claim credit for taxes, surcharges and cesses paid abroad with the tax department notifying Foreign Tax Credit rules. The rules, which come into effect from April 1, 2017, allow taxpayers to claim credit of foreign tax under dispute, once it is finally settled. FTC, however, will not be allowed in case of interest, fee or penalty.

In a separate notification, the CBDT also notified rules for calculating ‘fair market value’ of assets located in India in case of indirect transfer by multinational companies for the purpose of tax levy.

CBDT notifies foreign tax credit rules, corporates to gainFinance Ministry invites comments from stakeholders, publicBlack Money Act-Foreign asset valuation: Getting it rightLack of clarity, time - Key challenges in implementation of Black Money LawBlack money law: Centre notifies rules on overseas income, assetsOld wine in an old bottleCBDT notifies foreign tax credit rules, corporates to gainFinance Ministry invites comments from stakeholders, publicBlack Money Act-Foreign asset valuation: Getting it rightLack of clarity, time - Key challenges in implementation of Black Money LawBlack money law: Centre notifies rules on overseas income, assetsOld wine in an old bottleCBDT notifies foreign tax credit rules, corporates to gainFinance Ministry invites comments from stakeholders, publicBlack Money Act-Foreign asset valuation: Getting it rightLack of clarity, time - Key challenges in implementation of Black Money LawBlack money law: Centre notifies rules on overseas income, assetsOld wine in an old bottle

As per the rule, the fair market value (FMV) of listed companies will be computed on the basis of a formula taking into account its market capitalisation, book value of liabilities and total number of shares. In case of an unlisted firm, the FMV would be determined by a merchant banker or accountant as per internationally accepted methodology.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

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