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Gireesh Chandra Prasad

Articles By Gireesh Chandra Prasad

91 Articles

Centre names Rodrigo Oreamuno as arbitrator in Vodafone case

Rodrigo Oreamuno served as vice-president of Costa Rica for four years from 1994 and before that was the president of the country’s bar association

vodafone

Income tax field staff told to be selective in pursuing tax disputes

The income tax department has instructed field officers not to file appeals in tax disputes in a routine manner that would only bring adverse comments from the judiciary and exhaust its resources meant for pursuing cases that

income tax department

Rajya Sabha nod for GST Bill uphill task for govt

The Narendra Modi government's intention to get the Constitution amended for rolling out a unified Goods and Service Tax (GST) from April 1 next year looks unlikely to fructify in the coming monsoon session of Parliament cons

Rajya Sabha nod for GST Bill uphill task for govt

Tax Flipkart, Amazon, Snapdeal, other e-tailers like traders: States

Even as taxation of e-commerce continues to be a vexed issue, several states have told the Centre that firms like Flipkart, Amazon and Snapdeal need to be treated like retailers...

ecommerce industry

CCITs can take decisions on contesting tribunal rulings

The income tax (I-T) department has given chief commissioners of income tax (CCIT) the power to decide whether or not to appeal against a tribunal decision to the high court without having to consult their peers or superiors.

CCITs can take decisions on contesting tribunal rulings

I-T dept won’t verify foreign asset disclosures

Protection from further scrutiny to be limited to foreign income disclosed during compliance window

I-T dept won’t verify foreign asset disclosures

Why mobile manufacturers may shy away from Make in India plan

Global mobile phone players such as Foxconn that have committed to manufacture in India may have to rethink their plans...

Foxconn

Quid pro quo: Firms to get lower corporate tax rate, fewer sops

Incentives such as accelerated depreciation and deductions for research and development (R&D) expenses will be among the first tax sops to be withdrawn by the government.

arun jaitley gst

Income Tax to ignore dues below Rs 5,000, go after big fish

All tax arrears below Rs 5,000 will be written off, sparing almost two-thirds of the over 1.9 crore taxpayers who have been slapped demands, in a move that would allow tax officers to focus on bigger cases that would yield re

income tax

Income Tax return: No relief for Indian citizens with foreign assets

The Income Tax Department will retain the detailed questions on foreign assets and income of resident Indian citizens...

income tax department

Unrealistic tax demands not to fetch good ratings for officers

In a bold attempt to reduce frivolous tax demands, the Income Tax Department has decided to overhaul the annual...

tax

Taxmen to keep an eye on monetised gold deposits

The finance ministry is clear that the scheme is meant to monetise household gold stocks

gold gold rate bullion market

New rules soon to tackle offshore tax deferral

To encourage repatriation of profits, India already has a concessional tax rate of 15% on the dividend an Indian parent or shareholder would receive from a foreign subsidiary

New rules soon to tackle offshore tax deferral

Vodafone tax case: ICJ vice-president’s walk out begins search for new 3rd abitrator

Vodafone’s purchase of Hutch Essar from CGP Investments of Cayman Islands for $11 billion led to a principal capital gains tax demand of over Rs 8,000 crore.

narendra modi, narendra modi news, PMUY, Pradhan Mantri Ujjwala Yojana, Arvind Kejriwal, Uber, odd even, surge opricing, Vodafone, Raghuram Rajan , Vodafone IPO, Airtel, Wipro, Paytm, Wipro-Paytm partnership, Indian Railways

GST threshold set at Rs 10 lakh

Lower rate for those with Rs 10-50 lakh sales

Goods and Services Tax, India GST, IndIa Goods and Services Tax, GST Bill, Union Budget

Finer details of GST are yet to be worked out: KM Mani

KM Mani, finance minister of Kerala and chairman of the empowered committee of state finance ministers...

Finer details of GST are yet to be worked out: KM Mani

Centre, states agree on free flow of GST credit on inter-state trade

Sources also said cross utilisation of CGST or SGST credit will be allowed for payment of IGST.

income tax

Amended norms lower fines on defaulters of service tax

Businesses that have intentionally defaulted on service tax payments in the last four years will get partial relief from the hefty 100% penalty.

Amended norms lower fines on defaulters of service tax

REITs unlikely to charm retail investors

Real estate developers like DLF, Parsvnath and Omax have finally got a favourable tax regime on Real Estate Investment Trusts.

REITs unlikely to charm retail investors

APA pleas surge, go past the 500 mark

The finance ministry recently allowed rolling back of the APAs signed for four previous years too.

APA pleas surge, go past the 500 mark

Tax rules for expats could hurt Make in India: Experts

The government’s recent steps to check the flow of unaccounted wealth to foreign assets and bank accounts have had the unintended result of making tax...

income tax efiling

GST above 27% will not serve purpose: Centre

The discord between the Centre and states over the contours of the Goods and Services Tax (GST) seems hard to be reconciled...

GST

FPIs ill-equipped to mitigate adverse impact of MAT notices

They are in a spot as the two ways of recourse under the DTAAs — tax credits/refunds at host countries and a bilateral negotiated settlement between the authorities —can’t really come in handy

FPIs ill-equipped to mitigate adverse impact of MAT notices

Govt’s BIT mantra: Pay taxes first, go for arbitration later

The government has proposed to limit the investment protection and other benefits accorded to foreign-owned companies under bilateral...

banks bad loan

For states, 27% revenue-neutral rate not enough

Many government panels and independent experts had in the past put the revenue-neutral rate (RNR) for an all-encompassing goods and services tax...

Goods and Services Tax, India GST, IndIa Goods and Services Tax, GST Bill, Union Budget, revenue-neutral rate, VAT

The positive fallout: Better laws to govern corporates

The Satyam scam may have jolted both India Inc and the regulatory authorities by its sheer scale and brazenness but over the years it has led to major changes in the country’s corporate law...

The positive fallout: Better laws to govern corporates
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