Thursday, March 20, 2008

India Tax News 20 March 2008


Judge orders India, Mongolia and the Philippines to pay nearly $60 ...
International Herald Tribune - France
International treaties have defined consulates and embassies as sovereign territory, which makes them generally tax exempt. But Rakoff said it was clearly ...
 

Indian workers in US launch 'satyagraha'
Times of India - India
"Mahatma Gandhi's salt satyagraha exposed the tyranny of the British salt tax system. Our guest-worker satyagraha will unmask the US guest-worker programme ...
 

Software piracy still rampant
Economic Times - Gurgaon,Haryana,India
This translates to $208 million additional tax revenue to the Indian government and would generate $3.1 billion to
GDP growth. But the voices against piracy ...
 

Are profit on track for India Inc?
NDTV.com - New Delhi,India
Global turmoil has driven investor sentiments to an all time low but the corporates advance tax numbers India tell a completely different story, ...
 

Judge grants New York $58 million in UN tax case
Reuters - USA
India, Mongolia and the Philippines owed the city unpaid taxes plus interest, US District Judge Jed Rakoff ruled late on Monday. India was ordered to pay ...
 

India practices unfair trading in basmati exports
Independent-Bangladesh - Dhaka,Bangladesh
What is the fallout for India in the Yemeni issue? If CSR-30/Yamini is declared a basmati by India, even then as per EU tax law a tax fraud has been ...
 

Indian Hotels registers gains on profit outlook
Business Standard - Mumbai,Maharashtra,India
Indian Hotels Company jumped 3.31 per cent to Rs 104.10 on the BSE on reports that it paid an advance tax of Rs 44 crore in Q4 March 2008 compared to Rs 2 ...
 

Nifty March ends at 11 pts premium
Economic Times - Gurgaon,Haryana,India
Earlier in the day, key indices looked up on reports of higher advance tax payments by corporate bigwigs. This raised expectations of robust fourth quarter ...
 

Software piracy losses in India above $3 billion: BSA-IDC study
domain-B - Khandala,Maharashtra,India
... $3.1 billion in economic growth, and $200 million in tax revenues. Vendors alone lose an additional $208 million in revenues in India, the study said. ...
 

Banks, cement firms pay high advance taxes
Business Standard - Mumbai,Maharashtra,India
If advance tax payments are an indication of super profits in Q4FY08, India Inc is headed right in that direction. Banks and cement firms are expected to ...

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