india - Page 4

Sahara Calls SEBI Order Irresponsible, Claims Officials Acted With Malice

Stung by market regulator SEBI's ban on its firms and supremo Subrata Roy from raising money from the public, the Sahara Group Sunday dubbed the order as "irresponsible" and said it will soon challenge the order that reflected "malice and bias" on th...

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Posted Under: SEBI |

How NRIs can apply for PAN card in India

Non-resident individuals and organisations need to have a Permanent Account Number (PAN) number if they receive an income and need to file returns in India. PAN is issued by the Income Tax (IT) Department to all assessees and quoting of PAN is compulsory in all returns filed with the IT department....

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Posted Under: SEBI |

Supreme Court asks finance ministry and CBDT to amend transfer pricing law

Supreme Court has asked the finance ministry and Central Board of Direct Taxes (CBDT), the apex body in charge of administering India’s taxation system, to amend transfer pricing, or TP, laws if it wishes to bring domestic transactions under their ambit....

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Posted Under: SEBI |

Government plans to keep watch on end use of foreign investment inflow

01/01/1970

The government plans to keep a tight vigil on foreign investment inflows by making it mandatory for companies bringing in foreign equity to periodically disclose the end-use of such funds. The Economic Intelligence Council (EIC), led by finance minis...

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Posted Under: SEBI |

ICAI dropped new accounting norm (IFRS) for agriculture sector

India has dropped its plans to introduce a new accounting norm for agriculture as part of the move to converge its accounting standards with globally adopted International Financial Reporting Standards (IFRS). The Institute of Chartered Accountants of India (ICAI), the account standards setting body of the country, has decided not to go ...

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Posted Under: SEBI |

India would intervene in foreign exchange markets if needed: RBI

India would intervene in the foreign exchange markets if needed to maintain stability, the central bank's governor said during a panel discussion at the International Monetary Fund in Washington on Saturday. ...

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Posted Under: SEBI |

India Norway agrees to exchange information on potential cases of tax evasion

India and Norway are all set to expand the scope of their double taxation avoidance agreement (DTAA) to facilitate greater information exchange on potential cases of tax evasion. After changes to the Indo-Swiss tax treaty this would be the second suc...

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Posted Under: SEBI |

Bar Council opposes entry of foreign laws firms in India

New Delhi: The Bar Council of India (BCI), a statutory body of advocates, today decided not to permit foreign lawyers or their firms to practise in India, but assured that a more detailed and rational scrutiny of the subject would be done soon. ...

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Posted Under: SEBI |

DTC propose to tax companies and individuals on income arising from investments overseas

The income-tax department intends to bring individuals under the ambit of the proposed controlled-foreign companies (CFCs). The rules on CFCs, proposed under the Direct Taxes Code, are aimed at ensuring that all companies and individuals pay tax on income arising from investments overseas....

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Posted Under: SEBI |

Direct tax collections from Mumbai to be monitored: FM

Finance Minister Pranab Mukherjee asked on Wednesday commissioners of the income tax departmentand customs to focus on low growth in service tax, the high level of arrears and amounts locked in litigation and adjudication....

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Posted Under: SEBI |

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