Monday, April 7, 2008

India Tax News 5 April 2008

India Tax

Bottom drops out of edible oil industry
Kuensel, Buhutan's National Newspaper - Bhutan
In the past, other tax sheltered industries like polymers have also seen their profitability shrink, when India reduced import duty from 24 percent to eight ...

Verdict mixed in Narragansett Indian smoke-shop raid case
Providence Journal - Providence,RI,USA
And Governor Carcieri, who ordered the raid after objecting to the tax-free cigarette sales, successfully fought defense efforts in state Supreme Court to ...

US Job Losses May Rise, MBIA Lowered
123Jump.com - Miami Beach,FL,USA
Inflation in March in India surged to a 4-year high on rising food and energy prices. Investors sold bank stocks and dragged market averages lower and ...

PwC survey shows Indian corporates face same tax risk challenges ...
Insurance Times and Investments News - South Africa
Troopti Naik, PricewaterhouseCoopers Leader - India desk, says a recent PricewaterhouseCoopers India survey on Tax Risks in India reveals that corporates ...

India asks Myanmar to step up ops
Assam Tribune - Guwahati,India
The DTAA would cover income tax and surcharge in the case of India and the income tax and profit tax in the case of Myanmar. The agreement provides that ...

Indian BPO industry in for tough times ahead
Economic Times - Gurgaon,Haryana,India
"5525 BPO firms in India paid a tax of Rs 1352.9 crore on earnings of Rs 18391.3 crore at the rate of 7.36%. If you think that's high, then.., ...

TDS exemption for NRIs
Sify - Chennai,Tamil Nadu,India
... in India for Rs 50 lakh. After one year if I sell it for Rs 55 lakh. Is it possible for me to repatriate the cost of the property + (profit - tax)? ...

Budget Speak 2008-09
Express Pharma - Mumbai,India
... the biotechnology sector in India is witnessing accelerated growth. By means of fiscal incentives, special grants and other tax friendly measures, ...

 

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