Tuesday, Mar 03, 2015

SHRUTI SRIVASTAVA

Profile

Shruti-Srivastava-02
Govt amends I-T Act to put curbs on shell companies
Mon, Mar 02, 2015

To curb the formation of shell companies, which are located abroad but controlled from India, to evade taxes, the government has amended the income tax act by introducing the concept of ‘place of effective management’. Following the amendment, all such companies would be taxable in India even if they are incorporated abroad but their key […]

For greater compliance, Centre cuts penalties on indirect tax
Mon, Mar 02, 2015

Section 11AC of the Excise Act has been amended for similar cases and the taxpayer can now pay the duty along with a penalty of 10 per cent of the duty.

E-comm biz with ‘aggregator models’ now to be taxable
Mon, Mar 02, 2015

This means companies like TripAdvisor, who act as aggregators, will have to pay the service tax, Mishra explained.

Excise duty up, cigarettes get expensive
Sun, Mar 01, 2015

Leather footwear to get cheaper.

Investors get a boost, GAAR deferred by two years
Sun, Mar 01, 2015

The government hopes that the GAAR deference will improve the ease of doing business and boost investor sentiment.

Service tax hiked, use of cash cards, eating out to cost more
Sun, Mar 01, 2015

Packaged vegetables to get cheaper; life insurance scheme for elderly exempted.

Efforts to tackle black money menace to be powered by new law
Sun, Mar 01, 2015

The proposed legislation will make concealment of assets overseas and evasion of tax on them a prosecutable offence.

Manufacturing thrust to begin with plan for reviving capital goods
Fri, Feb 27, 2015

The department of heavy industry is collaborating with industry chambers to take inputs for the policy.

‘Make in India’ to get a shot in the arm this Budget
Wed, Feb 25, 2015

A major push is being planned for the electronic goods sector where the country imports electronic products worth $16 billion annually.

ComMin expedites work on FTA before Modi’s Canada visit
Mon, Feb 23, 2015

India’s exports to Canada stood at $2.03 billion in 2013-14 while imports stood at $3.14 billion during the year.

In regulator’s absence, troubled buyers lining up at CCI’s door
Sat, Feb 21, 2015

Encouraged by a couple of CCI rulings, desperate Customers who hoped for similar orders are realising most cases fall outside the commission’s domain.

Govt not convinced of PIA reply on office purchase
Thu, Feb 19, 2015

Last month, the ED had summoned PIA to “explain” the purchase of the properties and submit documents pertaining to the case.

Slowing job-intensive exports throw up wider distress call
Wed, Feb 18, 2015

Imports of critical capital goods and machinery too see a decline.

With Budget boost, electric cars may become cheaper
Thu, Feb 12, 2015

The promotion of the electric and hybrid vehicles is part of the National Electric Mobility Mission Plan (NEMMP) 2020.

Property purchase not against law: PIA
Wed, Feb 11, 2015

Enforcement directorate is probing the allegations that Pakistan International Airlines had violated provisions of the Foreign Exchange Management Act.

No holy cows, will probe new names on HSBC list: Jaitley
Tue, Feb 10, 2015

Indian Express investigation has revealed 1,195 Indian HSBC clients, roughly double the 628 names that French authorities gave to the Government in 2011.

Less tax litigation for ease of doing business
Sat, Feb 07, 2015

IT department is considering accepting some suggestions of the TARC, especially those pertaining to the AAR.

Most awaited announcement: Roadmap to a common market
Sat, Feb 07, 2015

The government has set an ambitious target for rolling out the tax.

Sell-offs boost coffer but tax mop-up disappoints
Tue, Feb 03, 2015

The ‘conservative’ approach on tax refunds is, however, likely to help swing deficit numbers in government’s favour in the last quarter.

‘Furniture, food and fitness are the emerging interests’
Fri, Jan 30, 2015

Junglee.com is focussed on capitalising the mobile and internet penetration and bringing small sellers online.

Encouraged by moves made by the govt: Lockheed Martin
Wed, Jan 28, 2015

Phil Shaw, chief executive, Lockheed Martin India, in an e-mail interview elaborates on the company’s strategy for its growth in India.

‘Tweaking of defence offset policy could catalyse manufacturing’
Mon, Jan 26, 2015

As foreign firms in the defence sector prepare to reap benefits from ‘Make in India’, there are concerns on India’s defence offset policy and lack of infrastructure, which need to be addressed to harness the true potential. Boeing India president Pratyush Kumar, in an interaction with Shruti Srivastava, discusses the firm’s India strategy and concerns […]

US Apex court decisions show that patent concerns are misplaced: IPA
Sun, Jan 25, 2015

IPA said that country’s intellectual patent regime conforms to the WTO norms.

Firms want ordinances to become laws soon: Diane Farrell
Sun, Jan 25, 2015

Companies are responding positively to the CEO-like focus of the PM on domestic economy, said Farrell.

Needed: A rental housing policy for migrant workers
Sat, Jan 24, 2015

With manufacturing growth, rented housing is necessary to accommodate the spurt in migrant workers.

Jumbo US biz delegation with Obama to boost trade ties
Fri, Jan 23, 2015

Apart from those travelling with Obama for the CEOs meeting, several top American CEOs are travelling to India separately.

Ministries ready proposals to boost ‘Make in India’ plan
Thu, Jan 22, 2015

Heavy industry, shipping, IT make a case for subsidies, tax breaks.

Overseas sale of assets may not be taxed in India anymore
Wed, Jan 21, 2015

Ministry is also considering whether business restructuring done abroad can be excluded from the retrospective amendments relating to indirect transfers.

Obama visit: India to push for relaxed visa regulations, totalisation pact
Tue, Jan 13, 2015

To urge the US for not extending the provisions of the country’s Border Security Act — which almost doubled the H1B and L1 visa fees — beyond 2015.

Overlaps in trade pacts leave industry in a bind
Tue, Jan 06, 2015

Multiple ‘rules of origin’ norms & ‘negative lists’ creating problems.

‘Today, nearly half the orders come from non-metros’
Mon, Jan 05, 2015

As rising mobile and Internet penetration pushes growth Amazon India is focusing on creating mobile-first experience for shopping online.

Consumer demand, capital flows to push e-tail growth
Sat, Jan 03, 2015

India is estimated to have over 243 million Internet users and 185 million users accessing the Internet using their mobile devices.

Affordable segment moves into focus as others
Sat, Jan 03, 2015

Reigning high realty prices take the sheen off premium segment.

Government likely to rollback sops to auto industry
Wed, Dec 31, 2014

The UPA-II had reduced excise duty on small cars to 8 per cent, SUVs to 24 per cent.

GST: Bill in House, now time to fix the back-end
Sat, Dec 27, 2014

The final integration with the common GST portal will happen only after the GST laws of both the Centre and states are ready.

Arbitration notices force govt to work on revising BIPA
Mon, Dec 22, 2014

The new model has adopted an enterprise-based definition, aligning the FDI policy with the BIT.