Wednesday, March 19, 2008

India Tax News 18 March 2008

Liquidity stress seen, Re may find support
Economic Times - Gurgaon,Haryana,India
With the money market facing outflows towards advance tax payments in the coming holiday-shortened week, the RBI announced additional
LAF auctions. ...
 

Oil, gas exploration gets costlier after govt clarifies ship ...
Livemint - Delhi,Delhi,India
Why should the government impose a service tax on us now?" asked an official with Oil and Natural Gas Corp. Ltd (ONGC), India's biggest oil explorer. ...
 

Advance tax outflows will be key driver
Business Standard - Mumbai,Maharashtra,India
... following advance tax outflows, the additional line of liquidity adjustment facilities announced by the Reserve Bank of India have eased the tension. ...
 

Rajasthan against shifting Cairn crude `delivery point`
Business Standard - Mumbai,Maharashtra,India
"We are worried that central sales tax on the crude oil will not be levied in Rajasthan but in Gujarat if the delivery point shifts there. ...
 

A contradictory approach
Business Standard - Mumbai,Maharashtra,India
It may be noted that the ambit of levy of capital gains tax also covers overseas transactions made between two or more non-residents outside India. ...
 

Ericsson, Samsung, Coca Cola owe crores to govt in taxes
Economic Times - Gurgaon,Haryana,India
About three dozen MNCs operating in India have total outstanding tax liability of more than Rs 3500 crore as of December 31, 2007, says the finance ministry ...

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