Gireesh Chandra Prasad

Articles By Gireesh Chandra Prasad

91 Articles

Will higher rates under GST regime affect precious metals like gold, silver?

Chief economic advisor Arvind Subramanian has recommended a standard GST rate of 17-18% for all services, higher than the 14.5% tax on services applicable now. He also recommended a 2-6% tax on precious metals.

Gold prices at 28-month high, still a good bet, target raised to $1,500

Multinationals’ tax leeway set to shrink

Government prepares to adopt a new regime proposed by the OECD and G20 nations

vodafone tax case, shell tax case, tax recovery

Govt may retain tax sops for needy firms, start-ups to be on preferred list

To soften the blow to the industry from the phasing out of corporate tax incentives, the government is considering some relaxations in the schedule of withdrawal of the sops for select industrial segments as well as giving sp

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Changes in six laws on the anvil to usher in bankruptcy code

The National Democratic Alliance (NDA) government is likely to propose amendments to six laws next year towards bringing in the new bankruptcy code for companies, partnerships and individuals.

We want Foxconn, not mobile cons, says CBEC

With Taiwanese electronics contract manufacturing major Foxconn keen to set shop in the country, the Central Board of Excise and Customs and the IT department...

We want Foxconn, not mobile cons, says CBEC

Experts urge clarity on software payment tax

Suggest Easwar panel on Income Tax Act should also make safe harbour profit margins more realistic

Experts urge clarity on software payment tax

Mauritius’ pitch has Africa sop

Mauritius has made a strong case for Indian businesses to set up manufacturing or investment companies in the island nation to get easier access to at least 21 African nations...

New transfer pricing rules to be less taxing

The declining trend in the income tax department’s estimates of alleged income suppression by multinational companies would get buttressed, thanks to the new set of transfer pricing (TP) rules issued earlier this week.

Finance minister, Arun Jaitley, arun jaitley news, transfer pricing judgment, Mumbai High Court, Income tax department, business environments, foreign investors, CBDT

Relaxed tax residency rules to help MNCs

Tax on global income only if managers are in India


IFCs’ tax sop gift has limited life

Firms have to join in two years or forgo tax breaks

GIFT city investment

Corporate tax rate may fall 1% in FY17 while bigger sops remain

Finance minister Arun Jaitley may start with just token measures to phase out corporate tax exemptions in the Budget for FY17 but may nevertheless drop the corporate tax rate by one percentage point.

Arun Jaitley

Govt allays MNCs’ tax worries

CBDT directive calls for transfer price audits only when the revenue risk is high

Income Tax returns filing on job change: Resolving issues arising from multiple Form-16

Income Tax dept lowers pitch on tax demands on multinationals

The income tax department will withdraw from a few hundreds of tax cases with multinational corporations pending in tribunals by the end of this fiscal.

income tax

Fe Exclusive: Select services to attract lower GST rate to soften higher levy

The standard rate of GST (including the central and state components) proposed by different agencies vary between 18% and 27%.

benefits of gst

ICDS may lead to extra tax burden for banks in FY16

Under the new accounting rules, banks will have to add foreign exchange gains to their taxable income in the current year

ICDS may lead to extra tax burden for banks in FY16

Price regulator acts tough, firms hit by impasse in new drug approvals

While the Indian industry’s growth stuttered in recent years, the pharmaceutical sector seemed to hold its head high with a double-digit growth...

Aurobindo Pharma

Companies up Q1 taxes under new accounting rules

With the new accounting standards for tax purposes coming into force from the first quarter of this fiscal year, companies have found their flexibility to defer tax outgo...

Record caFe: Govt appears proactive in solving legacy tax issues, says Justice AP Shah

I don’t think much would survive in the Castleton case now because the government has accepted our MAT-on-FPI report. They (Castleton) claim that they don’t have a PE or a place of business in India, says Justice AP Shah.

FE exclusive: ‘Govt appears proactive in solving legacy tax issues’

Justice AP Shah, in an extensive conversation with Santosh Tiwari and Gireesh Chandra Prasad, said that the government appears to be serious now to put in place a stable and predictable tax regime in the country.

FE exclusive: ‘Govt appears proactive in solving legacy tax issues’

FE exclusive: With MAT not applicable, Castleton case may finally be dead now

I don’t think much would survive in the case now because govt has accepted the report on the MAT on FIIs issue: Justice A P Shah told The Financial Express.

FE exclusive: With MAT not applicable, Castleton case may finally be dead now

Finmin to issue guidance note on MAT

The finance ministry is set to issue a guidance note on what accounting standard should be used by firms to determine...

Finmin to issue guidance note on MAT

Sebi can’t pass on service tax liability to investors

Sebi receives Rs 150-200 cr a year for services to investors; will have to pay tax for period from July 1, 2012


Ad spend: SC to decide on taxation of MNC arms

The Supreme Court is set to decide whether the government can demand taxes on Indian arms of MNCs which report advertising...

Ad spend: SC to decide on taxation of MNC arms

Fe Exclusive: No extension for power, oil & gas tax holidays

R&D sop to go, depreciation benefit to reduce in new road map

Swachh Bharat cess put on backburner

The robust trend in indirect tax receipts has prompted the finance ministry to defer its plan, announced in the Budget in February...

Tax pact with Mauritius to get GAAR-like teeth

India and Mauritius are set to limit the benefits of their double taxation avoidance agreement (DTAA) to only genuine businesses...


GAAR provision to make way into India-Mauritius treaty

Prime Minister Narendra Modi had in March assured Mauritius that while working to prevent treaty abuse, India would not do anything that would harm the island nation’s financial sector.

cheque bounce cases ordinance
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