Direct Taxation

´PoeM´ firms to be taxed at 40%

´PoeM´ firms to be taxed at 40%

Foreign companies whose place of effective control are in India will have to shell out 40 per cent corporation tax against 30 per cent levied on domestic firms. The Central Board of Direct Taxes has come out with clarifications for place of effective management (PoeM)...

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LTCG tax benefits for unlisted stocks

LTCG tax benefits for unlisted stocks

The Lok Sabha on Wednesday passed the Finance Bill 2018, allowing the benefit of inflation adjustments to stocks that were unlisted till January 31 while levying long-term capital gains (LTCG) tax. The move might provide tax benefits to shareholders of the National...

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CBDT Signs Bilateral APA With Japanese Firm

CBDT Signs Bilateral APA With Japanese Firm

The Central Board of Direct Taxes has signed a bilateral Advance Pricing Agreement (APA) with the subsidiary of a Japanese company as it looks to reduce litigations by providing certainty in transfer pricing. The total number of bilateral APAs signed with various...

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Cash Transaction Limit Lowered To Rs 2 lakh.

Cash Transaction Limit Lowered To Rs 2 lakh.

The Rs 3-lakh limit proposed for cash payments in the Budget for 2017-18 would be brought down to Rs 2 lakh as part of an unprecedented 40 amendments to the Finance Bill. Finance Minister Arun Jaitley moved the amendments in the lower House on Tuesday. This is aimed...

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