The Ministry of Home Affairs (‘MHA’), Government of India had in August, 2010 clarified that the number of employment visas that may be granted to foreign nationals employed in sectors other than the IT Software and IT enabled Services sector (‘IT Se
This article summarizes the Discussion Paper (DP) released on 28 September 2010 on ‘Foreign Direct Investment in Limited Liability Partnerships’ issued by the Department of Industrial Policy & Promotion (DIPP) of the Government of India (Gol). Even t
The commerce department will push for lowering of the minimum alternate tax (MAT) proposed in the direct taxes code (DTC) Bill on units in special economic zones (SEZs) as it believes that it would not be viable for units to pay such high taxes. The
The Competition Commission of India (CCI) has set October 13 as the date for the hearing of the petition made by third-party administrators – intermediaries which manage health insurance claims. TPAs had moved the competition commission and Irda to b
The Central Bureau of Investigation (CBI) has begun preliminary examination of allegations of banking fraud in loans worth Rs 2,500 crore disbursed to Zoom Developers, a Mumbai-based project developer. Confirming the approach made by CBI, two senior
The government of Switzerland would be ready to reveal the names and bank account details of Indians who have stashed away billions of dollars of black money in Swiss banks once the Indian Parliament ratifies the revised Double Taxation Avoidance Ag
On September 30, India and Mozambique signed a Double Taxation Agreement (DTA) alongside two others which also supported economic co-operation: one regarding mineral resources, the other small and medium sized enterprises.
The Reserve Bank has constituted a working group to review the current operating procedure of monetary policy, as transmission of the policy to the rest of the system remains imperfect. The group, to be headed by RBI executive director Deepak Mohanty
GOVERNMENT OF NCT OF DELHI DEPARTMENT OF TRADE & TAXES VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002 No. F.6(70)/P-I/VAT/2010/ 1747-56 Dated: 28-9-2010 CIRCULAR NO. 12 OF 2010-11 Subject : Filing of Revised Return for the month of August, 2010 1. This is in continuation of Circular No.05 of 2010-11 and with reference to the amendments […]
Tax laws in the US empower the Internal Revenue Service, the apex body for US tax administration, to tax global incomes of those holding US citizenships or the green card. As a result, Indians who hold a US citizenship or green card, face the threat
