Experts from Lakshmikumaran & Sridharan will discuss major changes in the seminars to be held in Bangalore and Gurgaon on 29 June, 2015 and 10 July, 2015 respectively.
The seminar on “Companies Act – Issues and recent amendments” will be organized by Institute of Business Laws in Bangalore at World Trade Center, Bang...
3 June, 2015, Geneva
Seasoned and experienced professionals of Lakshmikumaran & Sridharan and Oberson Avocats will discuss various aspects of doing business in India.
The two firms will provide guidance on specific issues such as addressing key tax and regulatory issues arising in India for companies with existing operations, issues under India - Swiss Tr...
International Chamber of Commerce (ICC) will be organising a conference on the topic “Facilitating Trade in the Digital Economy” from 8 to 9 April, 2014 in Geneva.
This conference will witness discussions on various issues like how customs, tax and public procurement frameworks are working today, how we can bring business and government together, the value of electronic customs systems and bu...
23 July, 2013
The recent relaxations in FDI policy and other such measures are likely to boost in-bound transactions. Awareness about potential tax risks in emerging economies like India is sine qua non for doing business.
Acquisition, merger, demerger, slump sale, joint venture, restructuring and IPO call for optimisation of cash flows by mitigating tax risks. Tax planning can add signifi...
30th November, 2012
In an interesting case dealing with conversion of rupee loan into foreign currency loan, the Income Tax Appellate Tribunal (ITAT), Bangalore upheld the orders passed by lower appellate authority and agreed with the reasoning of the Asessing Officer (AO). The AO sought to verify the real nature of the expenditure and concluded that foreign exchange fluctuation loss as clai...
2nd March, 2012
European Union’s decision to unilaterally impose a carbon tax on flights landing in, or taking off from, the Eurozone with effect from 2013 has been under severe criticism.
Last month about 30 countries including India, China, US, Russia and Brazil met in Moscow to chalk out further strategy to counter the European measure. As per reports, the measures may include filing co...
22nd February, 2012
Area-based exemption as available to units located in specified under-developed areas has been more often subject of dispute vis-à-vis other areas where such exemption is not available. Availability of Central Excise exemption to units set up or expanded before 31-3-2010 in Uttarakhand and Himachal Pradesh has been recently clarified by the Central Board of Excise and Cust...
7th February, 2012
The Union Budget will be presented by the Indian Finance Minister in the Parliament on 16th March, 2012, as per reports. This year, the budget exercise has been postponed due to elections to certain state assemblies.
Service Tax net is likely to be widened in the annual financial exercise. A negative list for taxing services is on the cards. Once implemented, except a few...
2nd February, 2012
Specified provisions of the Service Tax law were put to test but their constitutional validity was upheld again. While the matter before the Allahabad High Court pertained to the validity of provisions concerning import of services i.e. Section 66A of the Finance Act, 1994 and the Taxation of Services (Provided from Outside India and Received in India) Rules, 2006, the Bomb...
Capital gains from transfer of shares held in an intermediary company, by a non-resident not having tax presence in India to another non-resident, not taxable in India - Supreme Court
21st January, 2012
The Hon’ble Supreme Court set aside the order of the Bombay High Court in the ‘Vodafone’ case and held that that the sale of shares of CGP Investments (Holdings) Ltd., by Hutchison Telecomm...
2nd January, 2012
The Ministry of Finance, India, with the idea of granting quick and automatic refund of Service Tax to exporters, has announced a new scheme to expedite the process. Earlier this year, the Finance Minister had stated that a new scheme on the lines of drawback would be placed to speed up refunds.
Refund of Service Tax relating to services availed by the exporters while manu...
30th December, 2011
The World Trade Organisation’s (WTO) appellate body, in its report circulated on 21st December, 2011, has held that the excise tax on distilled spirits, as prevalent in Philippines, whereby lower rates of tax were prescribed for spirits manufactured from specified raw materials and a higher rate when non-designated raw materials were used, is discriminatory.
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