|
Date |
Title |
12/11/2009
(1846 KB) |
GST 2010 - Discussion Paper of EC & the Road |
11/11/2009
(240 KB) |
GST Alert |
4/11/2009
(130 KB) |
Mumbai and Bangalore India-Switzerland sign Social Security Agreement |
30/10/2009
(157 KB) |
Outright purchase of know-how abroad does not result into royalty income in India |
29/10/2009
(138 KB) |
Government issues FAQs on work related visa |
24/10/2009
(157 KB) |
Payments for use of satellites for telecommunication or broadcasting qualifies as royalties |
21/10/2009
(138 KB) |
Penalty not justifiable when full disclosure of the facts of the case done by the taxpayer |
9/10/2009
(137 KB) |
Tax paid by employer is a non-monetary perquisite |
9/10/2009
(142 KB) |
CBDT withdraws 40 years old Circular No. 23 of 1969 |
9/10/2009
(138 KB) |
India-Belgium Social Security Agreement – Clarifications on secondment of employees |
7/10/2009
(121 KB) |
Deferment in applicability of new visa guidelines |
5/10/2009
(131 KB) |
India - Luxembourg sign Social Security Agreement |
30/9/2009
(158 KB) |
Mumbai and Bangalore bench of Tribunal upheld the concept of ‘make available’ in two different cases and held that the specified services were not in the nature of Fees for included/technical services |
29/9/2009
(143 KB) |
India-Germany Social Security Agreement |
27/9/2009
(133 KB) |
Bombay High Court ruled that once the taxpayer’s submissions with respect to section 14A was accepted by a tax officer, the Tribunal cannot send back the same matter for the tax officer’s re-consideration |
25/9/2009
(138 KB) |
Gains on sale of shares allotted under cashless ESOP are not taxable as capital gains |
16/9/2009
(137 KB) |
Grant of Visa to Foreign nationals on Project based assignments |
15/9/2009
(143 KB) |
Bombay High Court rejected the claim of depreciation on the Bombay Stock Exchange Membership Card |
11/9/2009
(137 KB) |
Pick up and drop transport facility provided to employees - Not a taxable perquisite |
11/9/2009
(157 KB) |
The difference between the market price and the issue price of the shares offered to employees under the stock option scheme is not an allowable expenditure |
4/9/2009
(143 KB) |
Short term capital losses which are subject to STT can be set off against Short term capital gains which are not subject to STT |
3/9/2009
(139 KB) |
Deduction on account of Hypo Tax and Social Security charges |
2/9/2009
(140 KB) |
Derivatives transactions having underlying asset as shares are covered under section 43(5) prior to the amendment (effective from AY 2006-07) exempting derivatives from the definition of ‘speculative transaction’ |
31/8/2009
(238 KB) |
Mauritian entity holding a valid tax residency certificate is entitled to the benefit of India-Mauritius tax treaty |
31/8/2009
(135 KB) |
Since the income attributable to the PE of a non resident engaged in the business of computer reservation system was less than the remuneration paid to the distributor, no further income was taxable in India |
29/8/2009
(847 KB) |
Tax Alert - August 2009 |
27/8/2009
(138 KB) |
Foreign Trade Policy – 2009-2014 |
20/8/2009
(2374 KB) |
KPMG`s Individual Income Tax and Social Security Rate Survey 2009 |
14/8/2009
(1147 KB) |
Direct Tax Code 2009 |
11/8/2009
(145 KB) |
India-Belgium Social Security Agreement becomes effective on |
7/8/2009
(150 KB) |
Instructions issued by the Ministry of Commerce in relation to |
7/8/2009
(448 KB) |
Period of stay in India to determine residential status of an individual |
7/8/2009
(150 KB) |
Instructions issued by the Ministry of Commerce in relation to Special Economic Zone |
1/8/2009
(139 KB) |
CBDT withdraws instruction which provided benefits to non residents |
31/7/2009
(139 KB) |
Employee seconded outside India can be said to have left India for |
29/7/2009
(1127 KB) |
Tax Alert - July 2009 |
28/7/2009
(142 KB) |
Expenditure incurred prior to RBI’s approval for execution of a project in India is allowable. Expenditure carried forward as opening work in progress as per Accounting Standard – 7, cannot be disallowed treating it as ‘prior-period expenditure |
28/7/2009
(145 KB) |
Key announcements and proposed amendments to the Finance Bill, 2009 |
27/7/2009
(132 KB) |
Issue of Indian Depository (IDR) opearational by the Reserve Bank of India (RBI) in foreign exchange regulations |
24/7/2009
(152 KB) |
The forseeable loss determined in respect of incomplete contract as per the Accounting Standard - 7 is an allowable expenditure |
24/7/2009
(134 KB) |
Exemption or refund of Stamp duty to Special Economic Zones (`SEZ`) Developers |
23/7/2009
(158 KB) |
Penalty cannot be levied if the tax payer`s claim is bonafide |
20/7/2009
(1147 KB) |
Fringe Benefit Tax abolished - Reinstatement of personal taxation on perquisites |
16/7/2009
(154 KB) |
Deviation from Accounting Standards permissible subject to compliance with appropriate disclosure requirement |
10/7/2009
(163 KB) |
Subscription payment for access to database located abroad is not taxable as royalty |
9/7/2009
(234 KB) |
AAR rules on the methodology of computation of threshhold limit of constructuin PE in India in terms of india-Mauritius tax treaty |
9/7/2009
(142 KB) |
Fringe Benefit Tax abolished - Employee Stock Options or any other equity oriented incentive scheme in the perquisite net |
2/7/2009
(164 KB) |
Indian Economic Survey 2008-09 – Key Highlights |
2/7/2009
(164 KB) |
Indian Economy survey 2008-09 - Key Highlights |
2/7/2009
(131 KB) |
Modifications have been announced in the External Commercial Boroowing (ECB) Policy by the Reserve Bank of India (RBI) |
1/7/2009
(132 KB) |
Amended TDS rules to be kept in abeyance |
1/7/2009
(161 KB) |
CBDT as precribed revised procedure for making remittances abroad. Further NSDL has issued a detailed procedure for furnishing such information |
29/6/2009
(945 KB) |
Tax Alert - June 2009 |
22/6/2009
(160 KB) |
Cash profit/sales or cash profit/cost allowed as a PLI under TNMM for mitigating the differences in asset profile, if circumstances warrant |
19/6/2009
(155 KB) |
Income pertaining to separately identifiable segment in a composite contract, is not taxable in India if the activities pertaining to the contract are carried out outside India |
19/6/2009
(150 KB) |
SEBI (Delisting Equity Shares) Regulation 2009 |
8/6/2009
(164 KB) |
Activities carried on by the lO in India will not constitute permanent establishment if it were preparatory and auxillary in nature |
3/6/2009
(154 KB) |
Recent Development in SEZ |
2/6/2009
(146 KB) |
The AAR upholds the importance of the Transfer Pricing provision over the capital gains provision in case of an international transaction |
31/5/2009
(134 KB) |
Additional tax imposed under Uttar Pradesh VAT 2007 (UPVAT or `the Act`) |
29/5/2009
(1076 KB) |
Tax Alert - May 2009 |
29/5/2009
(136 KB) |
Transfer of Trademark cannot be considered as transfer of goodwill as they are two separate assets |
28/5/2009
(106 KB) |
President Obama`s International Tax Reform Proposal |
27/5/2009
(159 KB) |
Circular clarifying the amendments in Income tax Rules in respect of TDS/TCS provisions |
26/5/2009
(136 KB) |
Circular regarding filing of Income tax return for the Financial year 2008-09 |
25/5/2009
(142 KB) |
Supreme Court ruled that the provision for warranty is an allowable expenditure |
21/5/2009
(134 KB) |
Amount of expenses disallowed in the hands of the company cannot be added again in the taxable income of the Director of the company |
15/5/2009
(144 KB) |
Supreme Court explains its earlier judgment of Dhamendra Textil and rules that the levy of penalty is not automatic in all the ases |
12/5/2009
(130 KB) |
KPMG Flash News: Deferment in amendments in Income-tax Rules with regard to TDS/ TCS provisions |
11/5/2009
(129 KB) |
New Pension System |
11/5/2009
(132 KB) |
The Mauritian Authorities, in the context of taxability of carried interest structured through management shares, have held that the amount received by Investment Managers on redemption of management shares is business income and not capital gains |
5/5/2009
(145 KB) |
The special bench of the Mumbai Tribunal has set the time limit for initiating the withholding tax related proceedings, inline with existing provisions of the Act |
29/4/2009
(866 KB) |
Tax Alert - April 2009 |
28/4/2009
(164 KB) |
The supreme court rules on foreign exchange fluctuation losses |
23/4/2009
(151 KB) |
Service tax on Renting of immovable property - Decision of Delhi High Court |
8/4/2009
(153 KB) |
Court rules that no legal issue arises if the Tribunal`s finding on attribution of income is based upon relevant material which cannot be disturbed |
8/4/2009
(138 KB) |
Expenditure in relation to the exempt income cannot be disallowed under section 14A because its income woud be computed under the specific provisions of section 14 read with the First Schedult of the Act |
4/4/2009
(132 KB) |
Salary of an expatriate employee constitutes an overriding charge on the salary, then the same should not be considered as an income of the expatriate |
4/4/2009
(133 KB) |
Amendments in Income-tax Rules with regard to TDS / TCS provisions |
2/4/2009
(143 KB) |
Mumbai Tribunal rules that application of TNMM at the entity level not appropriate and high degree of comparability required under the CUP method |
1/4/2009
(145 KB) |
Withholding tax provisions cannot be applied to payments representing reimbursement of expenses. Further when income is computed as per the special provisions (section 42), no disallowance of expenditure can be made (under section 40(a)(i) of the Income tax Act |
31/3/2009
(144 KB) |
Appropriate economic adjustments may be required to increase comparability |
30/3/2009
(137 KB) |
CBDT notifies rules for claiming credit for tax deducted /collected at source |
30/3/2009
(139 KB) |
Benefit of section 80-IA(4), available to an entity engaged in developing/operating/maintaining infrastructure facilities, can be denied to a contractor, however, it can not be denied to a developer |
28/3/2009
(138 KB) |
Supreme Court ruling on the applicability of the TDS provisions on the overseas salary paid to the expatriates |
28/3/2009
(138 KB) |
KPMG Flash News - Applicability of TDS provisions on the overseas salary |
28/3/2009
(1138 KB) |
Tax Alert - March 2009 |
18/3/2009
(148 KB) |
Foreign company is having a service PE in India by virtue of employees of its sister concern being made available to the Indian subsidiary to carry out the project |
17/3/2009
(140 KB) |
Annual Tax Statement |
16/3/2009
(167 KB) |
Special Bench of the Tribunal rules that for computation of tax holiday benefit the doctrine of parity should be applied i.e. certain expenditure should be excluded both from export turnover and from total turnover |
5/3/2009
(152 KB) |
Salary earned for services rendered outside India not related in Indian operations should not be taxable in India |
4/3/2009
(137 KB) |
Refund of Service tax paid by Developers or Units of a SEZ under Notification no. 9/2009 - Service tax, dated 3 March 2009 |
28/2/2009
(143 KB) |
Clarificatory guidelines on downstream investments by Indian Companies |
26/2/2009
(160 KB) |
Flash News - Section 10AA (2) Anomaly in computation of Profit of SEZ units clarified |
26/2/2009
(134 KB) |
Highlights of Annual Supplement 2009 to the Foreign Trade Policy 2004-2009 |
24/2/2009
(150 KB) |
Government announces third stimulus package: reduces rate of excise duty asn service tax |
24/2/2009
(1104 KB) |
KPMG Tax Alert - February 2009 |
24/2/2009
(148 KB) |
Clarification on use outside India under Export of Service Rules |
20/2/2009
(141 KB) |
Pune Income Tax Appellate Tribunal (ITAT) ruling in the case of Honeywell Automation India Limited (HAIL) |
20/2/2009
(141 KB) |
Under Indian Transfer pricing regulations, for comparability purposes, consideration of subsequent year data or average profits not permitted |
20/2/2009
(93 KB) |
Press Note no. 2 (2009 Series) Guidelines for calculation of total foreign investment i.e. direct and indirect foreign investment in |
18/2/2009
(141 KB) |
Profits attribution to PE not extinguished by payment of arm’s length price to agent, unless all activities causing PE are fully considered |
18/2/2009
(126 KB) |
Profits attribution to PE not extinguished by payment of arm’s length price to agent, unless all activities causing PE are fully considered |
16/2/2009
(146 KB) |
The India Interim Budget 2009 |
12/2/2009
(151 KB) |
Guidelines for calculation of total foreign investment in Indian companies and transfer of ownership or control of Indian companies in sectors with caps from resident Indian citizens to non-resident entities |
10/2/2009
(134 KB) |
New procedure has been proposed for filing of appeal with the Income-tax Appeallate Tribunal |
9/2/2009
(154 KB) |
Indian subsidiary of a German parent company was allowed to carry forward and set off losses by applying the non-discrimination provisions under the tax treaty |
8/2/2009
(137 KB) |
Reimbursement of salary does not constitute income of Overseas Company |
5/2/2009
(137 KB) |
Indian Company exercising control and supervision over a seconded employee and bearing the salary cost should be considered as the economic employer and not liable to withhold tax on the reimbursement of the salary to the overseas company |
4/2/2009
(143 KB) |
Foreign company not be said to have a permanent establishment in India by virtue of rendering marketing and supprot services to its Indian subsidiaries |
3/2/2009
(974 KB) |
Tax Alert - January 2009 |
3/2/2009
(138 KB) |
Service Tax and Vat on real estate developers |
2/2/2009
(151 KB) |
Disclosure of Pledged Shares under the SEBI Takeover code |
29/1/2009
(326 KB) |
CBDT notifies conditions for issue of pre-paid electronic meal cards for the purpose of computing Fringe Benefit Tax on hospitality expenses |
22/1/2009
(157 KB) |
The Limited Liability Partnership Act, 2008 |
17/1/2009
(136 KB) |
Transfer of redevelopment rights does not attract capital gain tax under the Income tax Act |
16/1/2009
(136 KB) |
Govermnet issues clarifications and FAQs on Social Security provisions for International Workers |
14/1/2009
(518 KB) |
KPMG Tax Alert - November 2008 |
13/1/2009
(153 KB) |
Transfer of a licensed software was a transfer of copyrighted article and not the right in the copyright and, consequently, income from the transfer thereof was not royalty |
10/1/2009
(359 KB) |
Tax Alert - December 2008 |
